South Ocean Holdings Balance Sheet

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

Millions ZAR. 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	-	121.45	84.26	133.93	139.97	20.75
Short-Term Investments	-	0.27	0.27	0.23	2.54	0.23
Cash & Short-Term Investments	-	121.72	84.53	134.16	142.51	20.98
Cash Growth	-	44.00%	-36.99%	-5.86%	579.36%	29.38%
Accounts Receivable	393.14	231.14	255.97	181.61	182.45	247.11
Other Receivables	4.01	4.03	14.23	13.37	13.35	11.43
Receivables	397.15	235.17	270.2	196.92	195.8	258.54
Inventory	610.53	510.97	380.4	295.35	209.5	182.35
Prepaid Expenses	-	0.13	3.04	8.74	0.12	2.88
Total Current Assets	1,008	867.99	738.17	635.17	547.93	464.74
Property, Plant & Equipment	327.18	342.78	320.14	249.1	206.95	229.06
Long-Term Investments	0.35	0.35	9.05	-	-	-
Long-Term Deferred Tax Assets	29.24	22.42	11.9	1.21	0.58	0.55
Total Assets	1,365	1,234	1,086	885.47	755.46	694.35
Accounts Payable	300.36	234.7	177.37	173.55	56.47	77.31
Accrued Expenses	1.96	62.49	46.95	31.03	37.83	36.18
Short-Term Debt	193.87	-	-	-	-	-
Current Portion of Long-Term Debt	16.74	19.21	15.8	14.62	13.53	16.58
Current Portion of Leases	9.68	16.47	14.84	2.87	1.94	2.4
Current Income Taxes Payable	-	0.43	0.77	5.63	3.01	0.62
Other Current Liabilities	-	0.21	0.21	13	0.21	3.51
Total Current Liabilities	522.61	333.51	255.94	240.69	112.99	136.58
Long-Term Debt	111.54	117.8	66.21	24.04	33.81	27.29
Long-Term Leases	64.35	65.46	68.06	2.7	4.57	6.87
Long-Term Deferred Tax Liabilities	16	23.61	22.91	20	25.17	22.56
Other Long-Term Liabilities	10.16	11.5	2.29	4.11	11.66	2.78
Total Liabilities	724.65	551.89	415.41	291.54	188.2	196.08
Common Stock	1.74	1.74	1.74	1.74	1.74	1.74
Additional Paid-In Capital	459.6	459.6	459.6	459.6	459.6	459.6
Retained Earnings	217.69	247.78	208.57	133.59	105.46	36.49
Comprehensive Income & Other	0.49	0.5	0.52	0.46	0.45	0.43
Total Common Equity	679.52	709.63	670.43	595.4	567.25	498.27
Minority Interest	-39.62	-27.71	-	-1.46	-	-
Shareholders' Equity	639.9	681.93	670.43	593.93	567.25	498.27
Total Liabilities & Equity	1,365	1,234	1,086	885.47	755.46	694.35
Total Debt	396.18	218.95	164.91	44.23	53.86	53.14
Net Cash (Debt)	-396.18	-97.23	-80.39	89.93	88.65	-32.16
Net Cash Growth	-	-	-	1.44%	-	-
Net Cash Per Share	-1.95	-0.48	-0.40	0.44	0.44	-0.16
Filing Date Shares Outstanding	203.28	203.28	203.28	203.28	203.28	203.28
Total Common Shares Outstanding	203.28	203.28	203.28	203.28	203.28	203.28
Working Capital	485.07	534.48	482.23	394.47	434.94	328.15
Book Value Per Share	3.34	3.49	3.30	2.93	2.79	2.45
Tangible Book Value	679.52	709.63	670.43	595.4	567.25	498.27
Tangible Book Value Per Share	3.34	3.49	3.30	2.93	2.79	2.45
Buildings	-	102.46	102.46	102.46	102.46	102.31
Machinery	-	332.02	332.35	281.26	281.92	275.28
Construction In Progress	-	45.02	17.93	52.33	3.91	8.68

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.