True Corporation PCL (BKK:TRUE)

True Corporation PCL Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	17,502	17,891	26,832	33,580	27,011	21,963
Short-Term Investments	-	143.81	127.65	196.64	152.99	212.87
Trading Asset Securities	0.12	0.12	0.12	0.11	0.11	0.11
Cash & Short-Term Investments	17,502	18,035	26,959	33,777	27,164	22,176
Cash Growth	22.83%	-33.10%	-20.18%	24.34%	22.49%	-32.34%
Accounts Receivable	32,234	32,953	42,099	47,328	44,876	48,737
Other Receivables	6,299	6,778	6,209	7,480	5,636	7,380
Receivables	38,534	39,733	48,315	54,809	50,515	56,120
Inventory	1,748	1,864	2,585	2,281	1,206	1,374
Prepaid Expenses	1,515	1,086	1,508	1,910	1,822	1,553
Restricted Cash	48.25	36.53	22.75	13.72	9.37	43.84
Other Current Assets	11,257	11,186	14,619	16,173	17,549	18,864
Total Current Assets	70,605	71,940	94,009	108,963	98,265	100,130
Property, Plant & Equipment	286,967	292,215	293,563	322,206	346,317	339,560
Long-Term Investments	23,216	22,973	22,487	23,817	25,730	27,129
Goodwill	121,141	121,141	121,909	126,329	8,467	10,160
Other Intangible Assets	133,556	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	13,726	14,215	11,839	11,586	5,827	5,862
Long-Term Deferred Charges	-	719.87	726.18	-	-	-
Other Long-Term Assets	4,714	3,503	3,819	6,790	13,645	13,737
Total Assets	653,924	664,230	675,484	744,722	618,096	624,915
Accounts Payable	32,962	36,977	49,088	51,009	60,123	61,904
Accrued Expenses	34,225	37,979	44,902	42,240	23,633	27,426
Short-Term Debt	3,993	1,600	0.88	14,589	17,954	5,999
Current Portion of Long-Term Debt	58,916	65,511	89,054	65,132	64,876	59,313
Current Portion of Leases	18,072	17,436	16,085	18,620	12,683	9,020
Current Income Taxes Payable	311.56	278.97	205.48	394.46	127.84	133.4
Current Unearned Revenue	7,113	6,883	7,144	7,237	4,244	4,108
Other Current Liabilities	3,734	3,698	2,933	3,911	4,638	6,044
Total Current Liabilities	159,328	170,363	209,411	203,131	188,277	173,948
Long-Term Debt	260,342	259,052	250,603	285,501	209,308	192,196
Long-Term Leases	87,935	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	2,767	2,722	2,748	3,186	3,182	3,495
Long-Term Deferred Tax Liabilities	3,982	4,087	4,631	4,874	5,630	5,498
Other Long-Term Liabilities	57,419	57,350	47,650	61,609	46,229	55,171
Total Liabilities	571,774	589,083	601,299	658,581	556,689	543,097
Common Stock	138,208	138,208	138,208	138,208	133,473	133,473
Additional Paid-In Capital	145,127	145,127	145,127	145,127	26,435	26,384
Retained Earnings	-199,202	-205,791	-208,216	-195,115	-96,732	-76,315
Treasury Stock	-	-	-	-	-	-72.54
Comprehensive Income & Other	-1,651	-2,056	-1,230	-2,441	-2,194	-2,108
Total Common Equity	82,482	75,488	73,890	85,779	60,982	81,362
Minority Interest	-332.11	-340.76	295.17	361.35	424.59	456.13
Shareholders' Equity	82,150	75,147	74,185	86,140	61,407	81,818
Total Liabilities & Equity	653,924	664,230	675,484	744,722	618,096	624,915
Total Debt	429,259	433,651	435,965	477,523	401,780	371,677
Net Cash (Debt)	-411,757	-415,616	-409,006	-443,746	-374,616	-349,500
Net Cash Per Share	-11.75	-12.03	-11.84	-12.84	-18.71	-17.46
Filing Date Shares Outstanding	34,552	34,552	34,552	34,552	20,027	20,013
Total Common Shares Outstanding	34,552	34,552	34,552	34,552	20,027	20,013
Working Capital	-88,723	-98,423	-115,403	-94,168	-90,013	-73,817
Book Value Per Share	2.39	2.18	2.14	2.48	3.05	4.07
Tangible Book Value	-172,215	-182,826	-174,385	-183,399	-67,330	-57,123
Tangible Book Value Per Share	-4.98	-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

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