Thaivivat Holdings 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
Investments in Debt Securities	6,094	4,102	4,615	4,419	2,007	1,725
Investments in Equity & Preferred Securities	274.24	254.17	248.41	375.54	343.37	312.84
Other Investments	31.63	33.11	36.6	44.69	905.77	671.32
Total Investments	9,320	7,423	6,728	6,291	5,138	4,564
Cash & Equivalents	240.13	303.94	228.85	304.93	745.84	332.68
Reinsurance Recoverable	283.74	484.19	311.36	466.62	432.9	606.25
Other Receivables	77.47	907.03	925.18	958.99	965.13	772.73
Property, Plant & Equipment	369.21	373.22	358.52	348.39	329.22	335.79
Goodwill	7.2	7.68	9.12	12	15.84	16.8
Other Intangible Assets	62.69	59.45	52.34	39.55	29.7	15.97
Restricted Cash	10.44	10.42	10.42	9.08	9.04	9.35
Other Current Assets	65.19	895.59	858.9	905.82	923.27	970.35
Long-Term Deferred Tax Assets	-	329.3	258.99	227.29	210.41	179.92
Other Long-Term Assets	172.4	129.21	135.42	135.84	45.38	41.38
Total Assets	10,608	10,923	9,877	9,699	8,845	7,845
Accounts Payable	3.39	0.27	5.7	10.08	3.62	2.95
Accrued Expenses	163.11	369.05	275.41	302.59	348.84	225.04
Insurance & Annuity Liabilities	4,969	-	-	-	-	-
Unpaid Claims	-	2,778	2,660	2,598	2,123	1,973
Unearned Premiums	-	4,675	4,378	4,345	3,744	3,427
Reinsurance Payable	0.05	331.24	261.59	318.82	355.75	459.78
Current Income Taxes Payable	5.23	132.48	56.84	28.95	115.19	32.54
Long-Term Leases	9.01	1.45	2.21	3.08	3.21	3.66
Long-Term Deferred Tax Liabilities	88.73	0.39	-	-	-	-
Other Current Liabilities	-	-	-	-	0.76	-
Other Long-Term Liabilities	138.28	274.2	219.17	190.38	247.4	259.57
Total Liabilities	5,505	8,677	7,959	7,886	7,044	6,500
Common Stock	299.79	299.79	299.79	0.01	303	303
Additional Paid-In Capital	162.06	162.06	162.06	-	163.8	163.8
Retained Earnings	2,974	1,551	1,320	1,132	1,144	720.58
Comprehensive Income & Other	784.18	210.16	109.82	651.12	177.88	144.82
Total Common Equity	4,220	2,223	1,892	1,783	1,788	1,332
Minority Interest	883.11	23.37	26.5	30.13	12.4	13.56
Shareholders' Equity	5,103	2,246	1,918	1,813	1,801	1,346
Total Liabilities & Equity	10,608	10,923	9,877	9,699	8,845	7,845
Filing Date Shares Outstanding	299.79	299.79	299.79	303	303	303
Total Common Shares Outstanding	299.79	299.79	299.79	303	303	303
Total Debt	9.01	1.45	2.21	3.08	3.21	3.66
Net Cash (Debt)	231.12	302.49	226.64	301.85	742.64	329.02
Net Cash Growth	-6.27%	33.47%	-24.92%	-59.36%	125.72%	46.04%
Net Cash Per Share	0.77	1.01	0.76	1.01	2.45	1.09
Book Value Per Share	14.08	7.41	6.31	5.89	5.90	4.40
Tangible Book Value	4,150	2,156	1,830	1,732	1,743	1,299
Tangible Book Value Per Share	13.84	7.19	6.10	5.72	5.75	4.29
Land	-	211.95	211.95	211.95	211.95	211.95
Buildings	-	303.67	290.56	273.23	238.28	238.28
Machinery	-	264.19	283.45	266.86	247.56	252.83
Construction In Progress	-	-	0.8	-	14.55	1.76

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