The Steel PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	207.75	106.46	143.51	190.8	345.63	88.94
Cash & Short-Term Investments	207.75	106.46	143.51	190.8	345.63	88.94
Cash Growth	42.92%	-25.81%	-24.79%	-44.80%	288.62%	-55.39%
Accounts Receivable	867.46	655.89	1,018	894.04	1,293	1,557
Other Receivables	17.81	23.59	154.14	24.65	18.48	35.1
Receivables	885.27	679.48	1,173	918.69	1,312	1,592
Inventory	663.41	830.12	1,163	1,273	1,648	1,988
Other Current Assets	-	-	-	-	-	129.45
Total Current Assets	1,756	1,616	2,479	2,383	3,305	3,799
Property, Plant & Equipment	603.24	617.03	824.83	1,048	941.8	967.41
Long-Term Investments	728.13	727.49	716.23	837.31	748.82	761.13
Other Intangible Assets	13.43	13.46	13.02	13.27	13.42	13.45
Long-Term Accounts Receivable	-	-	-	-	87.79	-
Long-Term Deferred Tax Assets	24.86	26.07	25.99	41.54	46.64	32.91
Other Long-Term Assets	359.61	360.4	230.73	67.08	77.77	33.68
Total Assets	3,486	3,361	4,289	4,390	5,221	5,607
Accounts Payable	227.48	148.67	443.85	94.68	110.68	246.91
Short-Term Debt	1,208	1,276	1,820	2,149	2,726	2,623
Current Portion of Leases	7.17	7.88	8.57	11.14	12	5.82
Current Income Taxes Payable	0.11	-	-	0.27	0.52	57.38
Current Unearned Revenue	64.78	20.23	11.16	30.21	48.99	56.42
Other Current Liabilities	42.37	24.45	46.29	45.84	41.8	51.91
Total Current Liabilities	1,550	1,477	2,330	2,331	2,940	3,042
Long-Term Leases	1.17	2.9	12.6	22.55	32.49	15.9
Pension & Post-Retirement Benefits	11.42	12.68	12.21	19.29	22.75	20.18
Other Long-Term Liabilities	1.32	1.32	1.43	1.61	1.75	1.78
Total Liabilities	1,564	1,494	2,357	2,375	2,997	3,080
Common Stock	551.03	551.03	551.03	551.03	551.03	551.03
Additional Paid-In Capital	947.95	947.95	947.95	947.95	947.95	947.95
Retained Earnings	628.04	573.73	641.11	719.76	926.27	1,227
Comprehensive Income & Other	-203.82	-203.82	-203.82	-203.82	-203.82	-203.82
Total Common Equity	1,923	1,869	1,936	2,015	2,221	2,522
Minority Interest	-1.47	-2.21	-3.32	0.42	2.52	5.45
Shareholders' Equity	1,922	1,867	1,933	2,015	2,224	2,528
Total Liabilities & Equity	3,486	3,361	4,289	4,390	5,221	5,607
Total Debt	1,217	1,287	1,842	2,183	2,771	2,645
Net Cash (Debt)	-1,009	-1,180	-1,698	-1,992	-2,425	-2,556
Net Cash Per Share	-0.87	-1.07	-1.54	-1.81	-2.20	-2.32
Filing Date Shares Outstanding	1,102	1,102	1,102	1,102	1,102	1,102
Total Common Shares Outstanding	1,102	1,102	1,102	1,102	1,102	1,102
Working Capital	206.36	139.11	148.38	51.8	364.7	756.96
Book Value Per Share	1.75	1.70	1.76	1.83	2.02	2.29
Tangible Book Value	1,910	1,855	1,923	2,002	2,208	2,509
Tangible Book Value Per Share	1.73	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.