TQM Alpha 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	1,129	1,015	887.1	729.09	952.59
Short-Term Investments	189.14	210.35	189.9	110.29	528.81
Trading Asset Securities	211.16	216.06	260.79	284.46	239.08
Cash & Short-Term Investments	1,529	1,441	1,338	1,124	1,720
Cash Growth	6.14%	7.71%	19.04%	-34.68%	4.34%
Accounts Receivable	940.67	1,051	950.29	777.49	574.97
Other Receivables	-	-	20.72	63.31	25.8
Receivables	2,572	2,163	1,879	1,271	723.92
Prepaid Expenses	19.04	8.93	-	-	-
Other Current Assets	64.27	66.97	65.53	65.99	53.16
Total Current Assets	4,185	3,679	3,282	2,461	2,498
Property, Plant & Equipment	414.89	489.79	581.98	493.38	581.32
Long-Term Investments	875.4	902.11	895.51	1,180	1,070
Other Intangible Assets	501.42	565.08	635.79	705.93	768.16
Long-Term Deferred Tax Assets	63.7	34.46	31.97	29.65	31.81
Other Long-Term Assets	88.98	33.11	32.11	33.49	34.84
Total Assets	6,130	5,704	5,459	4,903	4,984
Accrued Expenses	229.16	191.03	178.45	197.64	194.39
Short-Term Debt	1,214	940.7	545	400	-
Current Portion of Long-Term Debt	-	24	100.8	-	-
Current Portion of Leases	87.27	81.08	82.38	99.55	102.45
Current Income Taxes Payable	34.39	64.96	69.4	70.98	95.84
Current Unearned Revenue	117.51	108.99	117.6	116.2	81.24
Other Current Liabilities	371.14	250.24	247.29	226.12	309.74
Total Current Liabilities	2,053	1,661	1,341	1,110	783.65
Long-Term Debt	91.8	-	174	-	-
Long-Term Leases	271.97	338.23	400.36	315.53	410.81
Pension & Post-Retirement Benefits	174.95	143.48	138.9	128.24	138.47
Long-Term Deferred Tax Liabilities	85.29	104.73	129.48	190.44	181.02
Other Long-Term Liabilities	1.49	1.49	1.65	0.6	-0
Total Liabilities	2,679	2,249	2,185	1,745	1,514
Common Stock	300	300	300	300	300
Additional Paid-In Capital	1,607	1,607	1,607	1,607	1,607
Retained Earnings	1,417	1,271	954.26	666.02	559.18
Treasury Stock	-93.5	-	-	-	-
Comprehensive Income & Other	-322.82	-296.03	-146.52	-2.49	668.32
Total Common Equity	2,907	2,882	2,714	2,570	3,134
Minority Interest	543.31	572.97	559.58	587.47	335.54
Shareholders' Equity	3,451	3,455	3,274	3,158	3,470
Total Liabilities & Equity	6,130	5,704	5,459	4,903	4,984
Total Debt	1,665	1,384	1,303	815.07	513.26
Net Cash (Debt)	-135.59	56.95	35.25	308.76	1,207
Net Cash Growth	-	61.57%	-88.58%	-74.42%	14.29%
Net Cash Per Share	-0.23	0.09	0.06	0.51	2.01
Filing Date Shares Outstanding	593.77	600	600	600	600
Total Common Shares Outstanding	593.77	600	600	600	600
Working Capital	2,132	2,019	1,941	1,351	1,714
Book Value Per Share	4.90	4.80	4.52	4.28	5.22
Tangible Book Value	2,406	2,317	2,079	1,864	2,366
Tangible Book Value Per Share	4.05	3.86	3.46	3.11	3.94
Buildings	192.02	193.5	189.39	158.99	144.49
Machinery	493.17	501.99	494.97	453.78	442.37
Construction In Progress	5.13	0.03	1.45	9.49	-

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