Thai Solar Energy 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	728.61	581.62	353.57	1,943	360.64	849.07
Short-Term Investments	5.57	2.72	8.86	0.47	0.47	0.47
Trading Asset Securities	300.38	100.16	-	2.04	2.01	-
Accounts Receivable	255.24	197.94	199.36	199.25	225.3	204.16
Other Receivables	53.89	60.04	50.87	859.87	855.66	630.45
Inventory	61.62	51.41	39.64	35.19	31.19	26.3
Prepaid Expenses	-	5.29	7.28	7.31	9.88	20.48
Other Current Assets	119.18	241.37	19.69	20.48	273.54	18.99
Total Current Assets	1,524	1,241	679.27	3,067	1,759	1,750
Property, Plant & Equipment	4,029	4,072	4,030	3,777	11,543	10,765
Goodwill	51.66	67.98	9.97	85.55	96.67	48.54
Other Intangible Assets	1,061	1,078	943.67	1,033	4,796	4,885
Long-Term Investments	5	5	1,728	2,097	2,095	2,050
Long-Term Deferred Tax Assets	28.25	29.2	22.63	22.58	22.03	22.02
Other Long-Term Assets	349.47	323.66	310.4	176.89	199.06	185.78
Total Assets	7,049	6,817	7,724	10,260	20,510	19,707
Accounts Payable	90.24	54.13	67.06	91.3	38.73	54.65
Accrued Expenses	-	26.25	199.37	70.09	131.07	96.46
Short-Term Debt	10	-	210	260	824.8	230
Current Portion of Long-Term Debt	304.43	1,479	1,434	3,198	1,598	2,949
Current Unearned Revenue	-	3.1	-	-	-	-
Current Portion of Leases	23.36	23.52	18.51	14.86	16.2	29.09
Current Income Taxes Payable	8.08	4.59	6.48	1.44	6.41	5.54
Other Current Liabilities	35.19	80.54	75.3	39.77	35.87	40.94
Total Current Liabilities	471.29	1,671	2,011	3,676	2,651	3,406
Long-Term Debt	2,964	1,591	2,387	2,615	11,088	9,543
Long-Term Leases	182.21	187.44	199.55	207.27	192.21	288.32
Long-Term Unearned Revenue	0.78	2.66	-	-	-	-
Pension & Post-Retirement Benefits	39.94	38.63	29.57	24.67	20.52	21.56
Long-Term Deferred Tax Liabilities	79.94	78.57	80.55	86.18	85.27	42.92
Other Long-Term Liabilities	169.93	170.35	28.39	29.25	30.07	56.12
Total Liabilities	3,908	3,739	4,736	6,638	14,067	13,358
Common Stock	2,118	2,118	2,118	2,118	2,118	2,118
Additional Paid-In Capital	1,046	1,046	1,046	1,046	1,046	1,046
Retained Earnings	353.9	300.08	255.39	862.49	4,034	3,380
Treasury Stock	-2.34	-2.34	-2.34	-	-	-
Comprehensive Income & Other	-426.96	-426.77	-430.35	-404.15	-754.51	-193.94
Total Common Equity	3,088	3,034	2,986	3,622	6,443	6,349
Minority Interest	53.19	43.2	2.39	-	-	-
Shareholders' Equity	3,141	3,077	2,988	3,622	6,443	6,349
Total Liabilities & Equity	7,049	6,817	7,724	10,260	20,510	19,707
Total Debt	3,484	3,281	4,249	6,296	13,719	13,039
Net Cash (Debt)	-2,449	-2,596	-3,887	-4,350	-13,356	-12,190
Net Cash Per Share	-1.08	-1.23	-1.84	-2.05	-6.31	-5.76
Filing Date Shares Outstanding	2,691	2,115	2,115	2,118	2,118	2,118
Total Common Shares Outstanding	2,691	2,115	2,115	2,118	2,118	2,118
Working Capital	1,053	-430.29	-1,332	-608.38	-892.52	-1,656
Book Value Per Share	1.15	1.43	1.41	1.71	3.04	3.00
Tangible Book Value	1,975	1,888	2,032	2,503	1,550	1,415
Tangible Book Value Per Share	0.73	0.89	0.96	1.18	0.73	0.67
Land	-	840.16	683.73	456.05	646.29	666.98
Buildings	-	36.39	30.68	30.25	29.96	30.46
Machinery	-	4,194	4,149	4,469	4,577	6,064
Construction In Progress	-	341.02	330.6	36.19	7,385	4,973

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