Subex Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	-	523.6	692.3	523.8	853.9	1,429
Short-Term Investments	-	253.7	294.8	552.4	212.4	-
Trading Asset Securities	-	154.6	73.1	122.2	116.5	-
Cash & Short-Term Investments	1,267	931.9	1,060	1,198	1,183	1,429
Cash Growth	48.89%	-12.10%	-11.53%	1.32%	-17.25%	58.07%
Accounts Receivable	-	960.9	1,338	1,283	1,646	1,559
Other Receivables	-	-	-	6.9	3.4	4
Receivables	-	988.4	1,348	1,303	1,666	1,585
Prepaid Expenses	-	66.5	46.9	58	59.3	42.2
Other Current Assets	-	157.5	49.3	55.5	57.9	64.2
Total Current Assets	-	2,144	2,504	2,615	2,966	3,121
Property, Plant & Equipment	-	208.4	316.4	412.5	234.5	313.9
Long-Term Investments	-	69.1	16.5	16.5	-	-
Goodwill	-	1,961	1,961	3,441	3,441	3,441
Other Intangible Assets	-	0.3	0.7	1.1	1.4	-
Long-Term Deferred Tax Assets	-	-	13.7	84.3	14.8	12.5
Other Long-Term Assets	-	486.1	484.5	466	543.6	378.1
Total Assets	-	4,870	5,297	7,036	7,201	7,267
Accounts Payable	-	210.9	241.2	126.2	167.2	131.1
Accrued Expenses	-	437.5	457.2	330.7	299.2	436.4
Short-Term Debt	-	-	-	-	-	58.4
Current Portion of Leases	-	89.8	98.1	86.4	47	42
Current Income Taxes Payable	-	41.3	40.4	73.8	62.8	58.6
Current Unearned Revenue	-	228.4	206	230.7	180.3	218.2
Other Current Liabilities	-	2.7	5.6	9.9	3.2	22.5
Total Current Liabilities	-	1,011	1,049	857.7	759.7	967.2
Long-Term Leases	-	104	183.5	247.5	99.8	157.5
Pension & Post-Retirement Benefits	-	4.8	26.8	22.2	30.4	27.5
Long-Term Deferred Tax Liabilities	-	705.4	703.3	690.4	674.2	628.9
Total Liabilities	-	1,825	1,962	1,818	1,564	1,781
Common Stock	-	2,810	2,810	2,810	2,810	2,810
Additional Paid-In Capital	-	1,666	1,666	1,658	1,656	1,644
Retained Earnings	-	-369.4	-65.6	1,839	2,344	2,277
Treasury Stock	-	-43.2	-43.2	-61.5	-69.7	-112.1
Comprehensive Income & Other	-	-1,018	-1,032	-1,028	-1,104	-1,134
Shareholders' Equity	3,227	3,045	3,335	5,218	5,637	5,486
Total Liabilities & Equity	-	4,870	5,297	7,036	7,201	7,267
Total Debt	297	193.8	281.6	333.9	146.8	257.9
Net Cash (Debt)	969.6	738.1	778.6	864.5	1,036	1,172
Net Cash Growth	60.11%	-5.20%	-9.94%	-16.55%	-11.57%	180.53%
Net Cash Per Share	1.76	1.33	1.41	1.57	1.87	2.12
Filing Date Shares Outstanding	586	554.23	554.23	550.89	549.47	542.13
Total Common Shares Outstanding	586	554.23	554.23	550.89	549.47	542.13
Working Capital	-	1,134	1,456	1,757	2,206	2,154
Book Value Per Share	5.64	5.49	6.02	9.47	10.26	10.12
Tangible Book Value	1,266	1,083	1,373	1,776	2,194	2,045
Tangible Book Value Per Share	2.21	1.95	2.48	3.22	3.99	3.77
Machinery	-	206.7	378.5	368.6	317.9	306.5
Leasehold Improvements	-	30.4	36.9	36.2	29.3	29.3

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