MST Golf Group Berhad (KLSE:MSTGOLF)

MST Golf Group Berhad Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	17.92	32.31	35.26	26.83	35.26	19.39
Short-Term Investments	60.38	28.03	60.09	5.09	5.6	23.01
Trading Asset Securities	-	27.8	26.66	-	-	-
Cash & Short-Term Investments	78.31	88.14	122.01	31.92	40.86	42.39
Cash Growth	-1.40%	-27.75%	282.28%	-21.88%	-3.63%	610.68%
Accounts Receivable	8.56	3.63	11.83	8.51	7.81	5.54
Other Receivables	24.58	15.81	12.77	8.48	0.84	1.51
Receivables	33.14	19.45	24.6	16.99	8.66	7.05
Inventory	156.93	165.75	150.64	113.57	74.93	49.88
Prepaid Expenses	-	1.51	1.37	2.82	0.82	0.49
Other Current Assets	0.43	0.43	2.27	1.65	0.65	0.1
Total Current Assets	268.81	275.28	300.87	166.94	125.91	99.91
Property, Plant & Equipment	104.06	118.91	109.7	90.14	50.02	45.51
Long-Term Investments	-	-	-	-	-	1.04
Goodwill	1.42	1.42	1.42	1.42	1.77	1.77
Other Intangible Assets	0.02	0.02	0.02	0.02	0.02	0.15
Long-Term Deferred Tax Assets	0.65	0.7	0.27	0.22	0.08	0.16
Other Long-Term Assets	1.02	1.12	0.44	-	-	-
Total Assets	375.97	397.44	412.72	258.73	177.79	148.54
Accounts Payable	13.55	10.88	12.8	17.24	18.93	14.38
Accrued Expenses	-	7.59	8.57	5.97	4.2	4.21
Short-Term Debt	16.68	27.24	38.36	42.8	17.3	9.4
Current Portion of Long-Term Debt	2.94	2.68	2.8	2.92	6.84	9.92
Current Portion of Leases	16.54	13.59	12.94	10.68	6.58	5.13
Current Income Taxes Payable	-	0.47	2.11	3.57	3.55	2.9
Current Unearned Revenue	4.19	3.28	5.01	4.42	0.32	0.67
Other Current Liabilities	15.1	4.41	8.71	20.51	41.87	31.52
Total Current Liabilities	69	70.14	91.31	108.1	99.6	78.12
Long-Term Debt	14	14.88	17.52	15.48	12.87	14.67
Long-Term Leases	37.85	49.99	46.84	38.73	19.23	16.43
Pension & Post-Retirement Benefits	0.05	0.06	-	-	-	-
Long-Term Deferred Tax Liabilities	1.08	0.81	1.48	0.81	1.01	1.13
Other Long-Term Liabilities	1.05	9.96	-	-	-	-
Total Liabilities	123.03	145.85	157.14	163.12	132.71	110.35
Common Stock	165.9	165.9	165.9	39.84	0.1	0.1
Retained Earnings	65.8	65.95	66.18	52.65	35.91	31.39
Comprehensive Income & Other	-3.05	-0.09	5.44	3.13	1.34	1.05
Total Common Equity	228.65	231.76	237.52	95.62	37.34	32.54
Minority Interest	24.29	19.84	18.06	-	7.74	5.65
Shareholders' Equity	252.94	251.6	255.58	95.62	45.08	38.19
Total Liabilities & Equity	375.97	397.44	412.72	258.73	177.79	148.54
Total Debt	88.01	108.39	118.45	110.6	62.82	55.54
Net Cash (Debt)	-9.7	-20.25	3.56	-78.69	-21.97	-13.15
Net Cash Per Share	-0.01	-0.02	0.00	-0.61	-0.03	-0.02
Filing Date Shares Outstanding	820.87	820.87	820.87	660.87	642	820.87
Total Common Shares Outstanding	820.87	820.87	820.87	660.87	642	820.87
Working Capital	199.81	205.14	209.57	58.84	26.3	21.79
Book Value Per Share	0.28	0.28	0.29	0.14	0.06	0.04
Tangible Book Value	227.22	230.33	236.09	94.18	35.56	30.62
Tangible Book Value Per Share	0.28	0.28	0.29	0.14	0.06	0.04
Land	-	18	18	18	18	18
Machinery	-	50.28	45.02	34.49	10.23	8.9

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