True Corporation 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	17,891	26,832	33,580	27,011	21,963
Short-Term Investments	-	-	196.64	152.99	212.87
Trading Asset Securities	0.12	0.12	0.11	0.11	0.11
Cash & Short-Term Investments	17,891	26,832	33,777	27,164	22,176
Cash Growth	-33.32%	-20.56%	24.34%	22.49%	-32.34%
Accounts Receivable	32,953	42,099	47,328	44,876	48,737
Other Receivables	6,778	6,209	7,480	5,636	7,380
Receivables	39,733	48,315	54,809	50,515	56,120
Inventory	1,864	2,585	2,281	1,206	1,374
Prepaid Expenses	143.81	127.65	1,910	1,822	1,553
Restricted Cash	-	-	13.72	9.37	43.84
Other Current Assets	12,309	16,150	16,173	17,549	18,864
Total Current Assets	71,940	94,009	108,963	98,265	100,130
Property, Plant & Equipment	292,215	293,563	322,206	346,317	339,560
Long-Term Investments	22,973	22,487	23,817	25,730	27,129
Goodwill	121,141	121,909	126,329	8,467	10,160
Other Intangible Assets	137,174	126,366	142,850	119,846	128,325
Long-Term Accounts Receivable	348.48	766.55	2,181	-	-
Long-Term Deferred Tax Assets	14,215	11,839	11,586	5,827	5,862
Long-Term Deferred Charges	719.87	726.18	-	-	-
Other Long-Term Assets	3,503	3,819	6,790	13,645	13,737
Total Assets	664,230	675,484	744,722	618,096	624,915
Accounts Payable	36,977	49,088	51,009	60,123	61,904
Accrued Expenses	38,417	45,301	42,240	23,633	27,426
Short-Term Debt	-	-	14,589	17,954	5,999
Current Portion of Long-Term Debt	65,511	89,054	65,132	64,876	59,313
Current Portion of Leases	17,436	16,085	18,620	12,683	9,020
Current Income Taxes Payable	278.97	205.48	394.46	127.84	133.4
Current Unearned Revenue	6,883	7,144	7,237	4,244	4,108
Other Current Liabilities	4,860	2,535	3,911	4,638	6,044
Total Current Liabilities	170,363	209,411	203,131	188,277	173,948
Long-Term Debt	259,052	250,603	285,501	209,308	192,196
Long-Term Leases	90,052	80,223	93,681	96,959	105,149
Long-Term Unearned Revenue	5,456	6,033	6,600	7,104	7,640
Pension & Post-Retirement Benefits	2,722	2,748	3,186	3,182	3,495
Long-Term Deferred Tax Liabilities	4,087	4,631	4,874	5,630	5,498
Other Long-Term Liabilities	57,350	47,650	61,609	46,229	55,171
Total Liabilities	589,083	601,299	658,581	556,689	543,097
Common Stock	138,208	138,208	138,208	133,473	133,473
Additional Paid-In Capital	145,127	145,127	145,127	26,435	26,384
Retained Earnings	-205,791	-208,216	-195,115	-96,732	-76,315
Treasury Stock	-	-	-	-	-72.54
Comprehensive Income & Other	-2,056	-1,230	-2,441	-2,194	-2,108
Total Common Equity	75,488	73,890	85,779	60,982	81,362
Minority Interest	-340.76	295.17	361.35	424.59	456.13
Shareholders' Equity	75,147	74,185	86,140	61,407	81,818
Total Liabilities & Equity	664,230	675,484	744,722	618,096	624,915
Total Debt	432,051	435,964	477,523	401,780	371,677
Net Cash (Debt)	-414,160	-409,133	-443,746	-374,616	-349,500
Net Cash Per Share	-12.00	-11.84	-12.84	-18.71	-17.46
Filing Date Shares Outstanding	34,552	34,552	34,552	20,027	20,013
Total Common Shares Outstanding	34,552	34,552	34,552	20,027	20,013
Working Capital	-98,423	-115,403	-94,168	-90,013	-73,817
Book Value Per Share	2.18	2.14	2.48	3.05	4.07
Tangible Book Value	-182,826	-174,385	-183,399	-67,330	-57,123
Tangible Book Value Per Share	-5.29	-5.05	-5.31	-3.36	-2.85
Land	2,577	2,400	2,389	796.96	777.18
Buildings	7,016	6,688	6,712	5,136	5,031
Machinery	411,393	413,156	384,787	299,004	263,340
Construction In Progress	9,962	26,189	47,156	73,409	77,134

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.