The Steel 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
Cash & Equivalents	106.46	143.51	190.8	345.63	88.94
Cash & Short-Term Investments	106.46	143.51	190.8	345.63	88.94
Cash Growth	-25.81%	-24.79%	-44.80%	288.62%	-55.39%
Accounts Receivable	655.89	1,018	894.04	1,293	1,557
Other Receivables	23.59	154.14	24.65	18.48	35.1
Receivables	679.48	1,173	918.69	1,312	1,592
Inventory	830.12	1,163	1,273	1,648	1,988
Other Current Assets	-	-	-	-	129.45
Total Current Assets	1,616	2,479	2,383	3,305	3,799
Property, Plant & Equipment	617.03	824.83	1,048	941.8	967.41
Long-Term Investments	727.49	716.23	837.31	748.82	761.13
Other Intangible Assets	13.46	13.02	13.27	13.42	13.45
Long-Term Accounts Receivable	-	-	-	87.79	-
Long-Term Deferred Tax Assets	26.07	25.99	41.54	46.64	32.91
Other Long-Term Assets	360.4	230.73	67.08	77.77	33.68
Total Assets	3,361	4,289	4,390	5,221	5,607
Accounts Payable	148.67	443.85	94.68	110.68	246.91
Short-Term Debt	1,276	1,820	2,149	2,726	2,623
Current Portion of Leases	7.88	8.57	11.14	12	5.82
Current Income Taxes Payable	-	-	0.27	0.52	57.38
Current Unearned Revenue	20.23	11.16	30.21	48.99	56.42
Other Current Liabilities	24.45	46.29	45.84	41.8	51.91
Total Current Liabilities	1,477	2,330	2,331	2,940	3,042
Long-Term Leases	2.9	12.6	22.55	32.49	15.9
Pension & Post-Retirement Benefits	12.68	12.21	19.29	22.75	20.18
Other Long-Term Liabilities	1.32	1.43	1.61	1.75	1.78
Total Liabilities	1,494	2,357	2,375	2,997	3,080
Common Stock	551.03	551.03	551.03	551.03	551.03
Additional Paid-In Capital	947.95	947.95	947.95	947.95	947.95
Retained Earnings	573.73	641.11	719.76	926.27	1,227
Comprehensive Income & Other	-203.82	-203.82	-203.82	-203.82	-203.82
Total Common Equity	1,869	1,936	2,015	2,221	2,522
Minority Interest	-2.21	-3.32	0.42	2.52	5.45
Shareholders' Equity	1,867	1,933	2,015	2,224	2,528
Total Liabilities & Equity	3,361	4,289	4,390	5,221	5,607
Total Debt	1,287	1,842	2,183	2,771	2,645
Net Cash (Debt)	-1,180	-1,698	-1,992	-2,425	-2,556
Net Cash Per Share	-1.07	-1.54	-1.81	-2.20	-2.32
Filing Date Shares Outstanding	1,102	1,102	1,102	1,102	1,102
Total Common Shares Outstanding	1,102	1,102	1,102	1,102	1,102
Working Capital	139.11	148.38	51.8	364.7	756.96
Book Value Per Share	1.70	1.76	1.83	2.02	2.29
Tangible Book Value	1,855	1,923	2,002	2,208	2,509
Tangible Book Value Per Share	1.68	1.75	1.82	2.00	2.28
Land	241.44	355.43	516.78	355.43	355.43
Buildings	584.51	652.41	652.29	652.29	652.29
Machinery	586.43	580.66	609.76	606.56	597.87
Construction In Progress	0.32	1.15	0.12	0.31	0.19

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