TPI Polene Power 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	2,904	3,714	2,988	2,434	2,003	929.34
Short-Term Investments	418.82	419.02	-	-	1,134	1,449
Trading Asset Securities	-	-	-	300.66	-	2,046
Accounts Receivable	1,727	1,724	2,735	1,727	1,574	2,561
Other Receivables	376.65	435.07	540.33	512.02	321.81	285.94
Inventory	1,710	1,452	1,545	1,824	1,931	1,591
Loans Receivable Current	-	-	700	-	-	230.62
Other Current Assets	-	-	-	1,685	37.95	12.32
Total Current Assets	7,137	7,743	8,508	8,482	7,002	9,105
Property, Plant & Equipment	61,015	60,493	56,859	49,712	42,171	38,429
Long-Term Investments	375.93	375.72	677.63	740.18	736.07	670.89
Long-Term Deferred Tax Assets	80.43	88.69	75	76.17	82.24	94.01
Other Long-Term Assets	120.69	120.27	280.99	756.51	588.73	185.8
Total Assets	68,728	68,821	66,402	59,767	50,579	48,485
Accounts Payable	426.98	509.9	406.25	335.81	743.17	430.4
Accrued Expenses	183.69	146.24	185.22	135.2	352.2	201.68
Short-Term Debt	-	-	418.48	-	-	-
Current Portion of Long-Term Debt	2,910	7,434	-	4,000	3,000	4,000
Current Unearned Revenue	-	-	-	-	4.67	3.79
Current Portion of Leases	44.79	44.24	38.81	40.05	25.29	20.24
Current Income Taxes Payable	15.72	15.7	168.05	0.41	0.23	43.96
Other Current Liabilities	1,760	1,941	2,691	2,280	989.49	358.39
Total Current Liabilities	5,341	10,091	3,908	6,791	5,115	5,058
Long-Term Debt	25,053	20,553	25,987	17,937	13,217	11,524
Long-Term Leases	1,545	1,604	1,630	1,696	536.67	630.2
Pension & Post-Retirement Benefits	158.39	159.01	137.73	142.15	146.62	151.66
Other Long-Term Liabilities	-	-	-	-	-	269.61
Total Liabilities	32,098	32,406	31,662	26,566	19,015	17,634
Common Stock	8,400	8,400	8,400	8,400	8,400	8,400
Additional Paid-In Capital	14,581	14,581	14,581	14,581	14,581	14,581
Retained Earnings	13,650	13,434	11,759	10,221	8,584	7,871
Comprehensive Income & Other	-	-	-	-	-	0.18
Total Common Equity	36,631	36,415	34,740	33,202	31,564	30,852
Minority Interest	0	0	0	0	0	0
Shareholders' Equity	36,631	36,415	34,740	33,202	31,564	30,852
Total Liabilities & Equity	68,728	68,821	66,402	59,767	50,579	48,485
Total Debt	29,553	29,634	28,074	23,672	16,779	16,174
Net Cash (Debt)	-26,230	-25,502	-25,085	-20,938	-13,642	-11,749
Net Cash Per Share	-3.13	-3.04	-2.99	-2.49	-1.62	-1.40
Filing Date Shares Outstanding	8,400	8,400	8,400	8,400	8,400	8,400
Total Common Shares Outstanding	8,400	8,400	8,400	8,400	8,400	8,400
Working Capital	1,795	-2,347	4,601	1,691	1,886	4,047
Book Value Per Share	4.36	4.34	4.14	3.95	3.76	3.67
Tangible Book Value	36,631	36,415	34,740	33,202	31,564	30,852
Tangible Book Value Per Share	4.36	4.34	4.14	3.95	3.76	3.67
Land	-	13,721	12,868	12,122	11,758	11,032
Machinery	-	38,983	31,065	30,445	29,670	29,251
Construction In Progress	-	15,260	19,278	12,435	6,240	2,391

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