Balwin Properties Balance Sheet

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Cash & Equivalents	303.41	254.81	289.59	607.35	665.64	336.53
Short-Term Investments	-	13.7	14.07	29.55	-	6.08
Cash & Short-Term Investments	303.41	268.51	303.66	636.9	665.64	342.61
Cash Growth	24.97%	-11.57%	-52.32%	-4.32%	94.28%	-29.00%
Accounts Receivable	212.77	291.25	243.15	136.64	757.28	610.59
Other Receivables	1.09	58.46	85.3	50.88	-	30.49
Receivables	227.5	352.83	330.29	214.54	791.79	723.38
Inventory	6,909	6,679	6,342	5,734	4,819	4,121
Prepaid Expenses	-	3.89	8.5	1.83	-	1.11
Restricted Cash	-	-	-	164.38	1.09	31.39
Other Current Assets	-	-	-	26.06	26.06	52.63
Total Current Assets	7,440	7,304	6,985	6,778	6,304	5,272
Property, Plant & Equipment	443.01	421.58	381.83	328.41	259.4	99.81
Long-Term Investments	-	-	-	-	5.57	2.07
Other Intangible Assets	21.84	21.9	22.13	23.28	16.7	15.26
Long-Term Deferred Tax Assets	4.89	6.36	11.41	6.78	-	-
Other Long-Term Assets	374.48	327.06	221.64	153.02	-	-
Total Assets	8,287	8,084	7,630	7,298	6,596	5,401
Accounts Payable	229.26	91.5	116.13	77.65	123.29	79.75
Accrued Expenses	21.09	105.99	81.75	129.04	36.22	54.73
Short-Term Debt	1,700	2,313	1,959	1,689	-	-
Current Portion of Long-Term Debt	-	-	-	-	1,819	1,676
Current Portion of Leases	0.85	1.25	0.19	1.08	2.74	0.75
Current Income Taxes Payable	4.35	16.16	-	21.9	15.24	-
Other Current Liabilities	-	2.88	2.26	1.31	-	-
Total Current Liabilities	1,955	2,531	2,160	1,920	1,997	1,811
Long-Term Debt	1,547	938.33	1,114	1,268	721.51	225.61
Long-Term Leases	-	0.2	-	0.19	123.42	2.17
Long-Term Deferred Tax Liabilities	353.08	356.91	348.08	273.36	238.54	159.66
Other Long-Term Liabilities	2.97	-	-	0.68	-	-
Total Liabilities	3,858	3,827	3,621	3,462	3,080	2,199
Common Stock	672.62	669.48	657.51	650.97	664.23	663.08
Retained Earnings	3,658	3,498	3,265	3,113	2,784	2,533
Comprehensive Income & Other	77.74	86.04	83.22	71.06	67.45	6.78
Total Common Equity	4,408	4,253	4,006	3,835	3,515	3,203
Minority Interest	20.6	4.64	3.3	1.59	0.5	-0.04
Shareholders' Equity	4,429	4,258	4,009	3,837	3,516	3,203
Total Liabilities & Equity	8,287	8,084	7,630	7,298	6,596	5,401
Total Debt	3,248	3,253	3,073	2,958	2,667	1,904
Net Cash (Debt)	-2,944	-2,985	-2,769	-2,321	-2,001	-1,562
Net Cash Per Share	-6.10	-6.18	-5.93	-4.98	-4.25	-3.31
Filing Date Shares Outstanding	471.36	470.27	467.72	465.21	469.82	469.25
Total Common Shares Outstanding	471.36	470.27	467.72	465.21	469.82	469.25
Working Capital	5,485	4,773	4,825	4,858	4,307	3,461
Book Value Per Share	9.35	9.04	8.56	8.24	7.48	6.82
Tangible Book Value	4,387	4,231	3,984	3,812	3,499	3,187
Tangible Book Value Per Share	9.31	9.00	8.52	8.19	7.45	6.79
Land	-	-	-	-	-	44.68
Buildings	-	256.03	263.66	247.93	-	-
Machinery	-	281.61	209.06	147.67	-	107.92

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