Thai Solar Energy 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	581.62	353.57	1,943	360.64	849.07
Short-Term Investments	2.72	8.86	0.47	0.47	0.47
Trading Asset Securities	100.16	-	2.04	2.01	-
Accounts Receivable	212.6	199.36	199.25	225.3	204.16
Other Receivables	54.44	50.87	859.87	855.66	630.45
Inventory	51.41	39.64	35.19	31.19	26.3
Prepaid Expenses	-	7.28	7.31	9.88	20.48
Other Current Assets	237.6	19.69	20.48	273.54	18.99
Total Current Assets	1,241	679.27	3,067	1,759	1,750
Property, Plant & Equipment	4,072	4,030	3,777	11,543	10,765
Goodwill	67.98	9.97	85.55	96.67	48.54
Other Intangible Assets	1,078	943.67	1,033	4,796	4,885
Long-Term Investments	5	1,728	2,097	2,095	2,050
Long-Term Deferred Tax Assets	29.2	22.63	22.58	22.03	22.02
Other Long-Term Assets	323.66	310.4	176.89	199.06	185.78
Total Assets	6,817	7,724	10,260	20,510	19,707
Accounts Payable	123.46	67.06	91.3	38.73	54.65
Accrued Expenses	-	199.37	70.09	131.07	96.46
Short-Term Debt	-	210	260	824.8	230
Current Portion of Long-Term Debt	1,479	1,434	3,198	1,598	2,949
Current Portion of Leases	23.52	18.51	14.86	16.2	29.09
Current Income Taxes Payable	4.59	6.48	1.44	6.41	5.54
Other Current Liabilities	40.56	75.3	39.77	35.87	40.94
Total Current Liabilities	1,671	2,011	3,676	2,651	3,406
Long-Term Debt	1,591	2,387	2,615	11,088	9,543
Long-Term Leases	187.44	199.55	207.27	192.21	288.32
Long-Term Unearned Revenue	2.66	-	-	-	-
Pension & Post-Retirement Benefits	38.63	29.57	24.67	20.52	21.56
Long-Term Deferred Tax Liabilities	78.57	80.55	86.18	85.27	42.92
Other Long-Term Liabilities	170.35	28.39	29.25	30.07	56.12
Total Liabilities	3,739	4,736	6,638	14,067	13,358
Common Stock	2,118	2,118	2,118	2,118	2,118
Additional Paid-In Capital	1,046	1,046	1,046	1,046	1,046
Retained Earnings	300.08	255.39	862.49	4,034	3,380
Treasury Stock	-2.34	-2.34	-	-	-
Comprehensive Income & Other	-426.77	-430.35	-404.15	-754.51	-193.94
Total Common Equity	3,034	2,986	3,622	6,443	6,349
Minority Interest	43.2	2.39	-	-	-
Shareholders' Equity	3,077	2,988	3,622	6,443	6,349
Total Liabilities & Equity	6,817	7,724	10,260	20,510	19,707
Total Debt	3,281	4,249	6,296	13,719	13,039
Net Cash (Debt)	-2,596	-3,887	-4,350	-13,356	-12,190
Net Cash Per Share	-1.11	-1.84	-2.05	-6.31	-5.76
Filing Date Shares Outstanding	2,118	2,115	2,118	2,118	2,118
Total Common Shares Outstanding	2,118	2,115	2,118	2,118	2,118
Working Capital	-430.29	-1,332	-608.38	-892.52	-1,656
Book Value Per Share	1.43	1.41	1.71	3.04	3.00
Tangible Book Value	1,888	2,032	2,503	1,550	1,415
Tangible Book Value Per Share	0.89	0.96	1.18	0.73	0.67
Land	-	683.73	456.05	646.29	666.98
Buildings	-	30.68	30.25	29.96	30.46
Machinery	-	4,149	4,469	4,577	6,064
Construction In Progress	-	330.6	36.19	7,385	4,973

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