TQM Alpha 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	1,506	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	1,506	1,529	1,441	1,338	1,124	1,720
Cash Growth	-4.17%	6.14%	7.71%	19.04%	-34.68%	4.34%
Accounts Receivable	683.49	940.67	1,051	950.29	777.49	574.97
Other Receivables	-	-	-	20.72	63.31	25.8
Receivables	2,426	2,572	2,163	1,879	1,271	723.92
Prepaid Expenses	-	19.04	8.93	-	-	-
Other Current Assets	525.88	64.27	66.97	65.53	65.99	53.16
Total Current Assets	4,458	4,185	3,679	3,282	2,461	2,498
Property, Plant & Equipment	410.19	414.89	489.79	581.98	493.38	581.32
Long-Term Investments	676.25	875.4	902.11	895.51	1,180	1,070
Other Intangible Assets	480.02	501.42	565.08	635.79	705.93	768.16
Long-Term Deferred Tax Assets	68.53	63.7	34.46	31.97	29.65	31.81
Other Long-Term Assets	300.46	88.98	33.11	32.11	33.49	34.84
Total Assets	6,393	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	1,274	1,214	940.7	545	400	-
Current Portion of Long-Term Debt	-	-	24	100.8	-	-
Current Portion of Leases	90.96	87.27	81.08	82.38	99.55	102.45
Current Income Taxes Payable	59.86	34.39	64.96	69.4	70.98	95.84
Current Unearned Revenue	143.33	117.51	108.99	117.6	116.2	81.24
Other Current Liabilities	559.61	371.14	250.24	247.29	226.12	309.74
Total Current Liabilities	2,128	2,053	1,661	1,341	1,110	783.65
Long-Term Debt	91.8	91.8	-	174	-	-
Long-Term Leases	265.21	271.97	338.23	400.36	315.53	410.81
Pension & Post-Retirement Benefits	190.86	174.95	143.48	138.9	128.24	138.47
Long-Term Deferred Tax Liabilities	81.58	85.29	104.73	129.48	190.44	181.02
Other Long-Term Liabilities	1.49	1.49	1.49	1.65	0.6	-0
Total Liabilities	2,759	2,679	2,249	2,185	1,745	1,514
Common Stock	300	300	300	300	300	300
Additional Paid-In Capital	1,607	1,607	1,607	1,607	1,607	1,607
Retained Earnings	1,595	1,417	1,271	954.26	666.02	559.18
Treasury Stock	-112.16	-93.5	-	-	-	-
Comprehensive Income & Other	-316.53	-322.82	-296.03	-146.52	-2.49	668.32
Total Common Equity	3,073	2,907	2,882	2,714	2,570	3,134
Minority Interest	561.89	543.31	572.97	559.58	587.47	335.54
Shareholders' Equity	3,635	3,451	3,455	3,274	3,158	3,470
Total Liabilities & Equity	6,393	6,130	5,704	5,459	4,903	4,984
Total Debt	1,722	1,665	1,384	1,303	815.07	513.26
Net Cash (Debt)	-216.31	-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	-0.36	-0.23	0.09	0.06	0.51	2.01
Filing Date Shares Outstanding	600	593.77	600	600	600	600
Total Common Shares Outstanding	600	593.77	600	600	600	600
Working Capital	2,330	2,132	2,019	1,941	1,351	1,714
Book Value Per Share	5.12	4.90	4.80	4.52	4.28	5.22
Tangible Book Value	2,593	2,406	2,317	2,079	1,864	2,366
Tangible Book Value Per Share	4.32	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.