Thai Wah 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	955.47	921.54	1,114	1,026	889.51
Short-Term Investments	65.73	87.61	110.5	188.73	541.33
Cash & Short-Term Investments	1,021	1,009	1,225	1,214	1,431
Cash Growth	1.19%	-17.61%	0.85%	-15.12%	-2.48%
Accounts Receivable	858.63	1,071	1,064	863	827.26
Other Receivables	2.89	14.79	12.82	14.23	11.19
Receivables	861.51	1,086	1,076	877.23	838.45
Inventory	1,515	1,488	2,069	1,811	1,616
Other Current Assets	138.64	158.07	175.92	141.77	173.31
Total Current Assets	3,536	3,742	4,546	4,044	4,058
Property, Plant & Equipment	3,754	3,901	3,984	3,791	3,670
Long-Term Investments	202.09	217.59	176.32	153.28	113.28
Goodwill	100.68	100.68	100.68	100.68	100.68
Other Intangible Assets	371.51	401.02	427.26	452.21	474.67
Long-Term Deferred Tax Assets	30.47	25.08	47.8	32.38	22.3
Other Long-Term Assets	116.06	131.4	121.01	148	165.39
Total Assets	8,111	8,518	9,403	8,722	8,604
Accounts Payable	273.85	374.61	391.61	393.32	327.2
Accrued Expenses	431.91	351.14	307.93	333.86	350.07
Short-Term Debt	470	846.86	1,360	428.27	287.54
Current Portion of Long-Term Debt	196.37	327.07	289.28	202.86	1,060
Current Portion of Leases	33.62	43.45	45.32	46.13	29.11
Current Income Taxes Payable	39.54	2.32	13.98	27.86	37.09
Other Current Liabilities	171.01	136.55	163.75	139.01	142.51
Total Current Liabilities	1,616	2,082	2,572	1,571	2,233
Long-Term Debt	532.13	822.65	918.73	934.99	212.71
Long-Term Leases	54.64	94.88	128.1	168.14	152.15
Pension & Post-Retirement Benefits	276.73	259.67	276.42	289.76	362.49
Long-Term Deferred Tax Liabilities	54.86	81.7	99.12	108.51	106.72
Other Long-Term Liabilities	10.91	16.16	14.04	5.42	3.14
Total Liabilities	2,546	3,357	4,008	3,078	3,070
Common Stock	880.42	880.42	880.42	880.42	880.42
Additional Paid-In Capital	300.74	300.74	300.74	300.74	300.74
Retained Earnings	3,307	3,216	3,363	3,506	3,341
Comprehensive Income & Other	330.65	435.26	503.11	582.76	640.72
Total Common Equity	4,819	4,832	5,048	5,270	5,163
Minority Interest	745.94	329.13	346.85	373.89	370.91
Shareholders' Equity	5,565	5,161	5,394	5,644	5,534
Total Liabilities & Equity	8,111	8,518	9,403	8,722	8,604
Total Debt	1,287	2,135	2,741	1,780	1,741
Net Cash (Debt)	-265.58	-1,126	-1,516	-565.9	-310.22
Net Cash Per Share	-0.30	-1.28	-1.72	-0.64	-0.35
Filing Date Shares Outstanding	880.42	880.42	880.42	880.42	880.42
Total Common Shares Outstanding	880.42	880.42	880.42	880.42	880.42
Working Capital	1,920	1,660	1,974	2,473	1,825
Book Value Per Share	5.47	5.49	5.73	5.99	5.86
Tangible Book Value	4,347	4,330	4,520	4,717	4,588
Tangible Book Value Per Share	4.94	4.92	5.13	5.36	5.21
Land	645.97	647.52	636.22	631.87	619.18
Buildings	2,199	2,217	2,051	1,972	1,947
Machinery	4,835	4,723	4,563	4,390	4,060
Construction In Progress	465.93	458.52	559.49	235.51	149.03

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