TPI Polene Public Company 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	8,373	9,560	18,313	10,671	5,669	6,658
Short-Term Investments	-	-	-	-	-	3,449
Cash & Short-Term Investments	8,373	9,560	18,313	10,671	5,669	10,106
Cash Growth	-17.45%	-47.80%	71.61%	88.25%	-43.91%	87.35%
Accounts Receivable	4,709	5,232	5,445	5,560	5,966	4,676
Other Receivables	1,635	1,471	1,661	1,023	1,048	913.83
Receivables	6,344	6,702	7,106	6,583	7,014	5,590
Inventory	17,288	17,246	17,864	19,355	15,715	11,112
Other Current Assets	174.86	175.21	2,567	2,522	6,634	486.49
Total Current Assets	32,180	33,683	45,850	39,131	35,032	27,295
Property, Plant & Equipment	123,214	118,983	109,645	101,042	97,019	93,544
Long-Term Investments	1,240	1,211	1,179	1,152	888.19	885.73
Other Intangible Assets	4,341	4,397	4,279	713.56	660.16	501.67
Long-Term Deferred Tax Assets	173.14	285.38	407.54	521.4	545.11	913.79
Other Long-Term Assets	1,194	1,127	2,054	1,940	1,570	768.58
Total Assets	162,342	159,687	163,415	144,499	135,714	123,909
Accounts Payable	3,150	3,681	2,874	3,792	3,617	2,878
Accrued Expenses	499.08	435.86	379.54	387.76	1,515	1,056
Short-Term Debt	2,665	4,501	9,408	4,355	3,392	1,315
Current Portion of Long-Term Debt	18,426	10,299	15,432	12,843	13,565	18,788
Current Portion of Leases	113.58	115.35	134.99	151.05	157.07	132.37
Current Income Taxes Payable	57.09	253.99	88.26	119.35	72.56	85.18
Current Unearned Revenue	-	-	-	-	595.44	389.19
Other Current Liabilities	4,545	4,982	4,974	3,810	1,492	2,075
Total Current Liabilities	29,456	24,268	33,290	25,458	24,406	26,718
Long-Term Debt	61,476	65,491	59,966	53,742	50,679	41,887
Long-Term Leases	203.22	191.53	204.02	280.48	350.86	323.63
Pension & Post-Retirement Benefits	1,752	1,868	1,925	2,042	2,258	2,326
Long-Term Deferred Tax Liabilities	89.57	19.41	29.01	37.37	43.69	50.99
Other Long-Term Liabilities	3,142	3,025	3,374	125.21	415.04	430.86
Total Liabilities	96,120	94,863	98,788	81,685	78,152	71,737
Common Stock	18,935	18,935	18,935	18,935	19,127	19,181
Additional Paid-In Capital	281.14	281.14	281.14	281.14	281.14	195.66
Retained Earnings	26,305	25,307	25,569	24,245	19,006	14,493
Treasury Stock	-	-	-	-	-	-259.64
Comprehensive Income & Other	9,952	9,951	9,950	9,950	9,958	9,945
Total Common Equity	55,473	54,475	54,736	53,411	48,371	43,554
Minority Interest	10,749	10,349	9,891	9,403	9,191	8,618
Shareholders' Equity	66,223	64,824	64,626	62,814	57,562	52,172
Total Liabilities & Equity	162,342	159,687	163,415	144,499	135,714	123,909
Total Debt	82,884	80,598	85,144	71,372	68,143	62,446
Net Cash (Debt)	-74,511	-71,038	-66,831	-60,701	-62,475	-52,339
Net Cash Per Share	-3.98	-3.75	-3.53	-3.20	-3.27	-2.77
Filing Date Shares Outstanding	18,935	18,935	18,935	18,935	19,127	18,961
Total Common Shares Outstanding	18,935	18,935	18,935	18,935	19,127	18,961
Working Capital	2,724	9,416	12,560	13,673	10,626	576.61
Book Value Per Share	2.93	2.88	2.89	2.82	2.53	2.30
Tangible Book Value	51,132	50,078	50,457	52,698	47,711	43,052
Tangible Book Value Per Share	2.70	2.64	2.66	2.78	2.49	2.27
Land	-	16,604	15,860	15,476	14,636	13,204
Buildings	-	19,060	18,953	18,675	18,488	18,179
Machinery	-	111,915	110,078	104,482	101,811	96,111
Construction In Progress	-	25,727	16,325	11,024	8,302	9,437

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