MST Golf Group Berhad Balance Sheet

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	19.9	32.31	35.26	26.83	35.26
Short-Term Investments	5.48	28.03	60.09	5.09	5.6
Trading Asset Securities	64.89	27.8	26.66	-	-
Cash & Short-Term Investments	90.26	88.14	122.01	31.92	40.86
Cash Growth	2.40%	-27.75%	282.28%	-21.88%	-3.63%
Accounts Receivable	3.74	3.63	11.83	8.51	7.81
Other Receivables	9.14	15.81	12.77	8.48	0.84
Receivables	12.88	19.45	24.6	16.99	8.66
Inventory	131.75	165.75	150.64	113.57	74.93
Prepaid Expenses	7.04	1.51	1.37	2.82	0.82
Other Current Assets	0.44	0.43	2.27	1.65	0.65
Total Current Assets	242.38	275.28	300.87	166.94	125.91
Property, Plant & Equipment	93.07	118.91	109.7	90.14	50.02
Goodwill	1.42	1.42	1.42	1.42	1.77
Other Intangible Assets	0.02	0.02	0.02	0.02	0.02
Long-Term Deferred Tax Assets	1.78	0.7	0.27	0.22	0.08
Other Long-Term Assets	1.86	1.12	0.44	-	-
Total Assets	340.52	397.44	412.72	258.73	177.79
Accounts Payable	4.73	10.88	12.8	17.24	18.93
Accrued Expenses	7.15	8.05	8.57	5.97	4.2
Short-Term Debt	9.61	27.24	38.36	42.8	17.3
Current Portion of Long-Term Debt	3.12	2.68	2.8	2.92	6.84
Current Portion of Leases	14.91	13.59	12.94	10.68	6.58
Current Income Taxes Payable	-	-	2.11	3.57	3.55
Current Unearned Revenue	3.09	3.28	5.01	4.42	0.32
Other Current Liabilities	5.15	4.41	8.71	20.51	41.87
Total Current Liabilities	47.76	70.14	91.31	108.1	99.6
Long-Term Debt	13.23	14.88	17.52	15.48	12.87
Long-Term Leases	37.99	49.99	46.84	38.73	19.23
Pension & Post-Retirement Benefits	0.13	0.06	-	-	-
Long-Term Deferred Tax Liabilities	0.74	0.81	1.48	0.81	1.01
Other Long-Term Liabilities	1.71	9.96	-	-	-
Total Liabilities	101.56	145.85	157.14	163.12	132.71
Common Stock	165.9	165.9	165.9	39.84	0.1
Retained Earnings	54.36	65.95	66.18	52.65	35.91
Comprehensive Income & Other	-5	-0.09	5.44	3.13	1.34
Total Common Equity	215.26	231.76	237.52	95.62	37.34
Minority Interest	23.71	19.84	18.06	-	7.74
Shareholders' Equity	238.96	251.6	255.58	95.62	45.08
Total Liabilities & Equity	340.52	397.44	412.72	258.73	177.79
Total Debt	78.85	108.39	118.45	110.6	62.82
Net Cash (Debt)	11.41	-20.25	3.56	-78.69	-21.97
Net Cash Per Share	0.01	-0.02	0.00	-0.61	-0.03
Filing Date Shares Outstanding	820.87	820.87	820.87	660.87	642
Total Common Shares Outstanding	820.87	820.87	820.87	660.87	642
Working Capital	194.62	205.14	209.57	58.84	26.3
Book Value Per Share	0.26	0.28	0.29	0.14	0.06
Tangible Book Value	213.82	230.33	236.09	94.18	35.56
Tangible Book Value Per Share	0.26	0.28	0.29	0.14	0.06
Land	18	18	18	18	18
Machinery	43.3	50.28	45.02	34.49	10.23

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