ZEN Corporation Group 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	371.28	274.3	280.08	327.42	267.53
Cash & Short-Term Investments	371.28	274.3	280.08	327.42	267.53
Cash Growth	35.35%	-2.06%	-14.46%	22.39%	-0.38%
Accounts Receivable	143.4	151	115.1	87.89	61.27
Other Receivables	8.9	5.81	9.5	14.55	10.86
Receivables	152.31	156.8	124.6	102.45	72.13
Inventory	486.55	466.51	376.8	256.49	123.84
Other Current Assets	3.83	2.64	38.44	42.2	31.19
Total Current Assets	1,014	900.24	819.92	728.55	494.7
Property, Plant & Equipment	1,093	1,347	1,422	1,118	1,472
Long-Term Investments	-	-	-	-	3.89
Goodwill	255.37	255.37	255.37	255.37	194.81
Other Intangible Assets	84.76	86.98	93.9	97.76	95.26
Long-Term Deferred Tax Assets	63.52	70.8	54.15	67.89	86.15
Other Long-Term Assets	559.13	590.7	594.44	562.96	210.22
Total Assets	3,069	3,251	3,240	2,830	2,557
Accounts Payable	281.09	287.85	359.26	337.18	318.54
Accrued Expenses	54.72	54.67	60.92	89.22	51.93
Short-Term Debt	326	319.67	198.69	109.33	-
Current Portion of Leases	210.15	244.78	242.18	214.25	202.45
Current Income Taxes Payable	6.29	11.94	5.48	10.77	1.92
Current Unearned Revenue	50.47	58.56	40.57	17.94	12.41
Other Current Liabilities	6.16	12.99	38.66	29.02	26.97
Total Current Liabilities	934.89	990.47	945.77	807.71	614.21
Long-Term Leases	532.04	658.07	669.02	535.49	650.47
Long-Term Unearned Revenue	15.21	21.14	20.56	21.55	26.48
Pension & Post-Retirement Benefits	38.1	30.81	30.8	26.02	24.68
Long-Term Deferred Tax Liabilities	4.96	5.13	5.31	5.92	-
Other Long-Term Liabilities	80.18	88.51	89.53	87.3	81.99
Total Liabilities	1,605	1,794	1,761	1,484	1,398
Common Stock	300	300	300	300	300
Additional Paid-In Capital	959.98	959.98	959.98	959.98	959.98
Retained Earnings	-56.36	-48.25	-21	-131.68	-286.65
Treasury Stock	-14.09	-14.09	-	-	-
Comprehensive Income & Other	156.04	155	154.45	152.46	149.12
Total Common Equity	1,346	1,353	1,393	1,281	1,122
Minority Interest	118.34	104.31	85.44	65.5	36.92
Shareholders' Equity	1,464	1,457	1,479	1,346	1,159
Total Liabilities & Equity	3,069	3,251	3,240	2,830	2,557
Total Debt	1,068	1,223	1,110	859.07	852.92
Net Cash (Debt)	-696.91	-948.22	-829.81	-531.66	-585.4
Net Cash Per Share	-2.34	-3.17	-2.77	-1.77	-1.95
Filing Date Shares Outstanding	298.18	298.18	300	300	300
Total Common Shares Outstanding	298.18	298.18	300	300	300
Working Capital	79.08	-90.22	-125.86	-79.15	-119.51
Book Value Per Share	4.51	4.54	4.64	4.27	3.74
Tangible Book Value	1,005	1,010	1,044	927.63	832.38
Tangible Book Value Per Share	3.37	3.39	3.48	3.09	2.77
Land	21.3	21.3	21.3	21.3	347.61
Buildings	30.04	30.28	30.32	30.32	29.8
Machinery	365.46	380.4	385.64	321.02	295.28
Construction In Progress	26.62	26.05	20.2	29.65	16.63
Leasehold Improvements	1,120	1,184	1,172	1,014	937.69

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