Varopakorn 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	25.63	28.32	72.21	1.29	44.86	10.13
Cash & Short-Term Investments	25.63	28.32	72.21	1.29	44.86	10.13
Cash Growth	-80.81%	-60.77%	5490.41%	-97.12%	342.88%	59.88%
Accounts Receivable	801.1	610.52	734.77	466.19	506.83	513.9
Other Receivables	-	58.45	47.07	65.98	50.81	141.19
Receivables	801.1	668.96	781.84	532.17	557.64	655.09
Inventory	746.45	705.81	863.79	723.13	827.66	1,402
Other Current Assets	71.59	6.06	11.02	6.52	8.1	21.36
Total Current Assets	1,645	1,409	1,729	1,263	1,438	2,089
Property, Plant & Equipment	749.3	765.47	769.04	834.31	895.93	746.16
Other Intangible Assets	0.37	0.42	0.74	0.87	1.22	1.63
Long-Term Deferred Tax Assets	-	-	-	-	-	1.64
Other Long-Term Assets	20.13	13.08	7.69	0.77	0.91	0.85
Total Assets	2,415	2,188	2,506	2,099	2,336	2,839
Accounts Payable	204.91	241.87	310.64	170.2	220.29	429.21
Accrued Expenses	-	35.94	51.52	38.68	32.05	21.15
Short-Term Debt	1,042	771.85	1,044	920.95	958.82	1,262
Current Portion of Long-Term Debt	25.2	25.2	25.2	25.79	33.54	33.54
Current Portion of Leases	1.05	1.04	0.98	0.93	0.88	-
Other Current Liabilities	8.02	34.71	81.76	43.13	53.56	159.41
Total Current Liabilities	1,281	1,111	1,514	1,200	1,299	1,905
Long-Term Debt	4.9	11.2	36.4	61.6	87.39	120.93
Long-Term Leases	0.44	0.71	1.74	2.72	3.65	-
Pension & Post-Retirement Benefits	21.05	20.15	15.9	26.98	30.13	30.08
Long-Term Deferred Tax Liabilities	40.8	41.31	35.17	35.01	35.64	-
Other Long-Term Liabilities	1.01	1.06	1.27	1.55	1.91	2.28
Total Liabilities	1,350	1,185	1,604	1,328	1,458	2,059
Common Stock	499.51	499.51	499.51	499.51	499.51	499.51
Additional Paid-In Capital	374.4	374.4	374.4	374.4	374.4	374.4
Retained Earnings	0.88	-60.96	-128.74	-259.17	-152.24	-93.45
Comprehensive Income & Other	190.15	190.15	156.79	156.79	156.79	-
Shareholders' Equity	1,065	1,003	901.96	771.53	878.46	780.46
Total Liabilities & Equity	2,415	2,188	2,506	2,099	2,336	2,839
Total Debt	1,074	809.99	1,108	1,012	1,084	1,417
Net Cash (Debt)	-1,048	-781.66	-1,036	-1,011	-1,039	-1,406
Net Cash Per Share	-10.51	-7.82	-10.37	-10.12	-10.40	-14.08
Filing Date Shares Outstanding	99.9	99.9	99.9	99.9	99.9	99.9
Total Common Shares Outstanding	99.9	99.9	99.9	99.9	99.9	99.9
Working Capital	363.34	298.55	214.97	63.44	139.12	183.47
Book Value Per Share	10.66	10.04	9.03	7.72	8.79	7.81
Tangible Book Value	1,065	1,003	901.22	770.66	877.24	778.83
Tangible Book Value Per Share	10.66	10.04	9.02	7.71	8.78	7.80
Land	-	278	236.3	236.3	236.3	40.31
Buildings	-	176.58	176.29	173.44	168.95	164.24
Machinery	-	2,776	2,748	2,725	2,705	2,576
Construction In Progress	-	38.22	27.51	34.76	25.27	176.82