True Corporation PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	20,068	26,832	33,580	27,011	21,963	24,330
Short-Term Investments	-	127.65	196.64	152.99	212.87	8,444
Trading Asset Securities	0.12	0.12	0.11	0.11	0.11	0.11
Cash & Short-Term Investments	20,068	26,959	33,777	27,164	22,176	32,775
Cash Growth	18.51%	-20.18%	24.34%	22.49%	-32.34%	-33.66%
Accounts Receivable	33,587	42,099	47,328	44,876	48,737	42,274
Other Receivables	6,842	6,209	7,480	5,636	7,380	6,550
Receivables	40,431	48,315	54,809	50,515	56,120	48,876
Inventory	1,876	2,585	2,281	1,206	1,374	4,508
Prepaid Expenses	1,414	1,508	1,910	1,822	1,553	1,358
Restricted Cash	28.61	22.75	13.72	9.37	43.84	43.53
Other Current Assets	14,141	14,619	16,173	17,549	18,864	16,846
Total Current Assets	77,958	94,009	108,963	98,265	100,130	104,406
Property, Plant & Equipment	294,578	293,563	322,206	346,317	339,560	335,230
Long-Term Investments	23,161	22,487	23,817	25,730	27,129	24,663
Goodwill	121,909	121,909	126,329	8,467	10,160	9,994
Other Intangible Assets	140,868	126,366	142,850	119,846	128,325	132,749
Long-Term Accounts Receivable	-	633.14	2,181	-	-	-
Long-Term Deferred Tax Assets	12,465	11,839	11,586	5,827	5,862	6,081
Other Long-Term Assets	5,707	4,678	6,790	13,645	13,737	4,426
Total Assets	676,646	675,484	744,722	618,096	624,915	617,548
Accounts Payable	37,219	49,088	51,009	60,123	61,904	64,480
Accrued Expenses	33,191	44,902	42,240	23,633	27,426	20,440
Short-Term Debt	-	0.88	14,589	17,954	5,999	3,500
Current Portion of Long-Term Debt	62,091	89,054	65,132	64,876	59,313	61,008
Current Portion of Leases	18,192	16,085	18,620	12,683	9,020	12,654
Current Income Taxes Payable	278.54	205.48	394.46	127.84	133.4	161.83
Current Unearned Revenue	6,683	7,144	7,237	4,244	4,108	3,791
Other Current Liabilities	3,724	2,933	3,911	4,638	6,044	9,751
Total Current Liabilities	161,380	209,411	203,131	188,277	173,948	175,786
Long-Term Debt	272,711	250,603	285,501	209,308	192,196	158,491
Long-Term Leases	93,199	80,223	93,681	96,959	105,149	113,751
Long-Term Unearned Revenue	-	6,033	6,600	7,104	7,640	8,093
Pension & Post-Retirement Benefits	2,781	2,748	3,186	3,182	3,495	3,990
Long-Term Deferred Tax Liabilities	4,182	4,631	4,874	5,630	5,498	6,251
Other Long-Term Liabilities	64,355	47,650	61,609	46,229	55,171	65,568
Total Liabilities	598,609	601,299	658,581	556,689	543,097	531,931
Common Stock	138,208	138,208	138,208	133,473	133,473	133,473
Additional Paid-In Capital	145,127	145,127	145,127	26,435	26,384	26,384
Retained Earnings	-203,229	-208,216	-195,115	-96,732	-76,315	-72,655
Treasury Stock	-	-	-	-	-72.54	-72.54
Comprehensive Income & Other	-1,836	-1,230	-2,441	-2,194	-2,108	-2,040
Total Common Equity	78,270	73,890	85,779	60,982	81,362	85,089
Minority Interest	-232.81	295.17	361.35	424.59	456.13	528.04
Shareholders' Equity	78,037	74,185	86,140	61,407	81,818	85,617
Total Liabilities & Equity	676,646	675,484	744,722	618,096	624,915	617,548
Total Debt	446,194	435,965	477,523	401,780	371,677	349,404
Net Cash (Debt)	-426,126	-409,006	-443,746	-374,616	-349,500	-316,630
Net Cash Per Share	-12.33	-11.84	-12.84	-18.71	-17.46	-15.81
Filing Date Shares Outstanding	34,552	34,552	34,552	20,027	20,013	20,013
Total Common Shares Outstanding	34,552	34,552	34,552	20,027	20,013	20,013
Working Capital	-83,421	-115,403	-94,168	-90,013	-73,817	-71,380
Book Value Per Share	2.27	2.14	2.48	3.05	4.07	4.25
Tangible Book Value	-184,506	-174,385	-183,399	-67,330	-57,123	-57,654
Tangible Book Value Per Share	-5.34	-5.05	-5.31	-3.36	-2.85	-2.88
Land	-	2,400	2,389	796.96	777.18	764.35
Buildings	-	6,688	6,712	5,136	5,031	4,828
Machinery	-	413,156	384,787	299,004	263,340	226,779
Construction In Progress	-	26,189	47,156	73,409	77,134	82,845

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.