Thai Group Holdings PCL Balance Sheet

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	46,005	39,264	36,640	34,441	39,926
Investments in Equity & Preferred Securities	13,058	12,236	11,988	12,786	13,495
Policy Loans	-	600.59	545.94	543.37	546.65
Other Investments	-	-	179.65	91.22	296.9
Total Investments	59,533	54,755	52,268	51,305	59,097
Cash & Equivalents	3,721	3,386	2,952	3,329	2,657
Reinsurance Recoverable	3,987	4,414	5,259	5,317	6,081
Other Receivables	1,505	3,982	3,708	3,145	4,478
Property, Plant & Equipment	18,012	16,953	16,901	16,626	15,451
Other Intangible Assets	1,481	1,473	1,498	1,569	1,632
Other Current Assets	506.27	769.31	1,429	596.3	693.86
Long-Term Deferred Tax Assets	1,982	1,884	1,919	1,821	1,060
Other Long-Term Assets	1,547	123.71	150.45	443.86	411.37
Total Assets	92,274	87,741	86,085	84,151	91,562
Accrued Expenses	-	1,027	748.93	824.67	1,216
Insurance & Annuity Liabilities	58,914	49,538	48,488	47,003	51,089
Unearned Premiums	-	3,323	3,463	3,196	6,858
Reinsurance Payable	224.68	2,145	2,313	3,032	3,884
Current Portion of Long-Term Debt	-	4,327	2,864	2,026	2,130
Current Portion of Leases	-	1.4	5.43	342.58	198.69
Short-Term Debt	-	2,983	2,744	12,069	9,829
Current Income Taxes Payable	198.04	279.6	91.82	17.88	81.82
Long-Term Debt	18,313	12,158	14,479	3,406	3,534
Long-Term Leases	3.09	1.95	0.25	763.23	452.44
Long-Term Deferred Tax Liabilities	242.5	310.03	322.22	485.18	155.76
Other Current Liabilities	843.75	33.42	35.95	89.99	118.35
Other Long-Term Liabilities	2,245	914.1	1,330	1,014	1,433
Total Liabilities	81,289	77,330	77,158	74,531	81,545
Common Stock	7,521	7,521	7,521	7,521	7,521
Additional Paid-In Capital	18,224	18,224	18,224	18,224	18,224
Retained Earnings	8,321	7,636	7,225	7,190	4,136
Comprehensive Income & Other	-23,417	-23,333	-24,356	-23,559	-19,902
Total Common Equity	10,649	10,048	8,614	9,376	9,980
Minority Interest	336.22	362.64	313.5	244.73	37.23
Shareholders' Equity	10,986	10,411	8,927	9,620	10,017
Total Liabilities & Equity	92,274	87,741	86,085	84,151	91,562
Filing Date Shares Outstanding	752.1	752.1	752.1	752.1	752.1
Total Common Shares Outstanding	752.1	752.1	752.1	752.1	752.1
Total Debt	18,316	19,470	20,093	18,607	16,144
Net Cash (Debt)	-14,595	-16,084	-17,141	-15,278	-13,486
Net Cash Per Share	-19.41	-21.39	-22.79	-20.31	-17.93
Book Value Per Share	14.16	13.36	11.45	12.47	13.27
Tangible Book Value	9,168	8,576	7,115	7,807	8,348
Tangible Book Value Per Share	12.19	11.40	9.46	10.38	11.10
Land	-	2,683	2,792	2,788	2,741
Buildings	-	926.18	941.47	964.29	970.84
Machinery	-	861.61	793.55	844.85	880.98
Construction In Progress	-	377.15	217.74	186.75	83.62

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.