FSM Holdings Balance Sheet

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	32.77	36.23	38.94	12.58	13.93	10.6
Short-Term Investments	0.13	0.13	0.12	11.05	7.16	12.38
Cash & Short-Term Investments	32.9	36.35	39.06	23.63	21.09	22.99
Cash Growth	-15.28%	-6.93%	65.28%	12.03%	-8.23%	-2.25%
Accounts Receivable	2.51	2.48	2.56	4	3.63	2
Other Receivables	0.16	0.29	0.11	0.11	0.01	0.05
Receivables	2.67	2.77	2.67	4.11	3.64	2.05
Inventory	2.38	1.9	1.76	3.25	1.56	0.84
Prepaid Expenses	0.18	0.27	0.3	0.15	0.15	0.14
Other Current Assets	-	-	-	0.05	0.05	0.71
Total Current Assets	38.13	41.29	43.78	31.19	26.49	26.74
Property, Plant & Equipment	10.07	10.58	11.31	12.64	13.58	14.92
Other Intangible Assets	0	0.01	0.02	0.03	0.04	0.05
Other Long-Term Assets	0.01	0.01	0.07	-	0.08	-
Total Assets	48.22	51.89	55.19	43.86	40.2	41.71
Accounts Payable	1.4	0.91	0.58	1.78	1.57	1.04
Accrued Expenses	2.25	2.66	3.65	3.46	2.53	1.53
Short-Term Debt	-	-	-	-	0.22	0.69
Current Portion of Long-Term Debt	0.16	0.15	0.15	0.09	-	-
Current Portion of Leases	0.2	0.33	0.37	0.23	0.48	0.2
Current Income Taxes Payable	0.79	0.94	0.82	1.16	0.56	0.08
Current Unearned Revenue	0.12	0.39	0.3	-	-	-
Other Current Liabilities	0.27	0.35	0.23	0.69	0.23	0.1
Total Current Liabilities	5.18	5.73	6.1	7.41	5.58	3.65
Long-Term Debt	13.98	14.72	13.55	0.27	-	-
Long-Term Leases	0.28	0.37	0.4	0.45	0.66	1.02
Long-Term Deferred Tax Liabilities	0.8	0.81	0.93	1.11	1.19	1.26
Other Long-Term Liabilities	0.1	0.1	0.1	0.09	0.09	0.08
Total Liabilities	20.35	21.73	21.07	9.33	7.52	6.02
Common Stock	1.7	1.7	1.7	1.7	1.7	1.7
Additional Paid-In Capital	-	18.61	18.61	18.61	18.61	18.61
Retained Earnings	-0.36	3.62	7.05	11.97	9.91	13.05
Comprehensive Income & Other	26.53	6.24	6.76	2.25	2.47	2.34
Shareholders' Equity	27.87	30.16	34.11	34.52	32.68	35.69
Total Liabilities & Equity	48.22	51.89	55.19	43.86	40.2	41.71
Total Debt	14.62	15.57	14.46	1.04	1.36	1.92
Net Cash (Debt)	18.28	20.78	24.59	22.59	19.74	21.07
Net Cash Growth	-22.05%	-15.52%	8.86%	14.46%	-6.32%	0.10%
Net Cash Per Share	0.02	0.02	0.02	0.02	0.02	0.02
Filing Date Shares Outstanding	1,000	1,000	1,000	1,000	1,000	1,000
Total Common Shares Outstanding	1,000	1,000	1,000	1,000	1,000	1,000
Working Capital	32.96	35.57	37.68	23.78	20.91	23.09
Book Value Per Share	0.03	0.03	0.03	0.03	0.03	0.04
Tangible Book Value	27.87	30.16	34.1	34.5	32.64	35.65
Tangible Book Value Per Share	0.03	0.03	0.03	0.03	0.03	0.04
Land	-	0.88	0.83	0.88	0.94	-
Buildings	-	12.26	12.15	12.23	12.35	13.17
Machinery	-	18.14	17.71	17.75	18.61	18.46

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