United Paper 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
Cash & Equivalents	1,389	1,182	1,057	743.11	644.28	668.47
Short-Term Investments	700	803.57	900	500	-	-
Cash & Short-Term Investments	2,089	1,985	1,957	1,243	644.28	668.47
Cash Growth	11.51%	1.43%	57.46%	92.95%	-3.62%	81.11%
Accounts Receivable	915.2	952.12	961.45	1,059	1,191	931.23
Other Receivables	11.8	11.26	5.56	3.29	3.34	5.08
Receivables	927	963.38	967.01	1,063	1,194	936.31
Inventory	577.74	613.42	495.12	544.6	747	511.43
Prepaid Expenses	4.54	0.94	0.57	5.9	8.18	6
Restricted Cash	-	2.5	-	-	-	-
Other Current Assets	-	-	-	-	-	0.61
Total Current Assets	3,598	3,566	3,420	2,856	2,594	2,123
Property, Plant & Equipment	1,529	1,575	1,585	1,648	1,641	1,737
Long-Term Investments	-	-	-	50	-	-
Long-Term Deferred Tax Assets	36.37	37.78	42.04	55.25	41.65	43.02
Other Long-Term Assets	2.5	0.01	0.01	0.24	0.76	1.78
Total Assets	5,166	5,178	5,048	4,610	4,277	3,904
Accounts Payable	270.35	294.39	251.13	306.32	220.18	250.69
Accrued Expenses	86.08	73.62	73.57	72.03	85.26	75.87
Current Portion of Leases	3.46	3.59	2.39	3.73	3.88	2.68
Current Income Taxes Payable	30.83	38.42	53.89	46.74	57.69	75.42
Other Current Liabilities	13.3	22.21	5.77	11.88	2.9	1.78
Total Current Liabilities	404.02	432.23	386.75	440.71	369.9	406.45
Long-Term Leases	2.1	4.69	1.7	1.92	4.47	1.94
Pension & Post-Retirement Benefits	56.13	50.35	51.16	46.27	40.25	36.98
Other Long-Term Liabilities	5.53	1.97	2.96	2.3	1.87	3.27
Total Liabilities	467.78	489.24	442.57	491.19	416.5	448.64
Common Stock	650	650	650	650	650	650
Additional Paid-In Capital	174.46	174.46	174.46	174.46	174.46	174.46
Retained Earnings	3,874	3,864	3,781	3,294	3,036	2,631
Shareholders' Equity	4,698	4,689	4,605	4,119	3,861	3,456
Total Liabilities & Equity	5,166	5,178	5,048	4,610	4,277	3,904
Total Debt	5.56	8.28	4.09	5.66	8.35	4.62
Net Cash (Debt)	2,083	1,977	1,953	1,237	635.93	663.86
Net Cash Growth	11.57%	1.22%	57.85%	94.59%	-4.21%	79.86%
Net Cash Per Share	3.20	3.04	3.01	1.90	0.98	1.02
Filing Date Shares Outstanding	650	650	650	650	650	650
Total Common Shares Outstanding	650	650	650	650	650	650
Working Capital	3,194	3,133	3,033	2,416	2,224	1,716
Book Value Per Share	7.23	7.21	7.08	6.34	5.94	5.32
Tangible Book Value	4,698	4,689	4,605	4,119	3,861	3,456
Tangible Book Value Per Share	7.23	7.21	7.08	6.34	5.94	5.32
Land	-	143.08	143.08	138.58	138.58	138.58
Buildings	-	763.37	752	724.33	683.19	679.64
Machinery	-	3,493	3,414	3,402	3,335	3,379
Construction In Progress	-	207.22	282.77	210.66	130.4	40.77

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