MST Golf Group Berhad (KLSE:MSTGOLF)

MST Golf Group Berhad Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	15.09	19.9	32.31	35.26	26.83	35.26
Short-Term Investments	64.83	5.48	28.03	60.09	5.09	5.6
Trading Asset Securities	-	64.89	27.8	26.66	-	-
Cash & Short-Term Investments	79.92	90.26	88.14	122.01	31.92	40.86
Cash Growth	6.75%	2.40%	-27.75%	282.28%	-21.88%	-3.63%
Accounts Receivable	5.69	3.74	3.63	11.83	8.51	7.81
Other Receivables	25.58	9.14	15.81	12.77	8.48	0.84
Receivables	31.27	12.88	19.45	24.6	16.99	8.66
Inventory	145.22	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	0.44	0.43	2.27	1.65	0.65
Total Current Assets	256.86	242.38	275.28	300.87	166.94	125.91
Property, Plant & Equipment	86.52	93.07	118.91	109.7	90.14	50.02
Goodwill	1.42	1.42	1.42	1.42	1.42	1.77
Other Intangible Assets	0.02	0.02	0.02	0.02	0.02	0.02
Long-Term Deferred Tax Assets	1.73	1.78	0.7	0.27	0.22	0.08
Other Long-Term Assets	2.15	1.86	1.12	0.44	-	-
Total Assets	348.7	340.52	397.44	412.72	258.73	177.79

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	20.87	4.73	10.88	12.8	17.24	18.93
Accrued Expenses	-	7.08	7.59	8.57	5.97	4.2
Short-Term Debt	11.51	9.61	27.24	38.36	42.8	17.3
Current Portion of Long-Term Debt	2.98	3.12	2.68	2.8	2.92	6.84
Current Portion of Leases	13.75	14.91	13.59	12.94	10.68	6.58
Current Income Taxes Payable	-	0.08	0.47	2.11	3.57	3.55
Current Unearned Revenue	3.45	3.09	3.28	5.01	4.42	0.32
Other Current Liabilities	13.97	5.15	4.41	8.71	20.51	41.87
Total Current Liabilities	66.53	47.76	70.14	91.31	108.1	99.6
Long-Term Debt	13.02	13.23	14.88	17.52	15.48	12.87
Long-Term Leases	34.95	37.99	49.99	46.84	38.73	19.23
Pension & Post-Retirement Benefits	0.12	0.13	0.06	-	-	-
Long-Term Deferred Tax Liabilities	1.19	0.74	0.81	1.48	0.81	1.01
Other Long-Term Liabilities	0.53	1.71	9.96	-	-	-
Total Liabilities	116.35	101.56	145.85	157.14	163.12	132.71

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	165.9	165.9	165.9	165.9	39.84	0.1
Retained Earnings	49.69	54.36	65.95	66.18	52.65	35.91
Comprehensive Income & Other	-5.8	-5	-0.09	5.44	3.13	1.34
Total Common Equity	209.79	215.26	231.76	237.52	95.62	37.34
Minority Interest	22.56	23.71	19.84	18.06	-	7.74
Shareholders' Equity	232.35	238.96	251.6	255.58	95.62	45.08
Total Liabilities & Equity	348.7	340.52	397.44	412.72	258.73	177.79

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	76.21	78.85	108.39	118.45	110.6	62.82
Net Cash (Debt)	3.72	11.41	-20.25	3.56	-78.69	-21.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.00	0.01	-0.02	0.00	-0.61	-0.03
Filing Date Shares Outstanding	820.87	820.87	820.87	820.87	660.87	642
Total Common Shares Outstanding	820.87	820.87	820.87	820.87	660.87	642
Working Capital	190.32	194.62	205.14	209.57	58.84	26.3
Book Value Per Share	0.26	0.26	0.28	0.29	0.14	0.06
Tangible Book Value	208.35	213.82	230.33	236.09	94.18	35.56
Tangible Book Value Per Share	0.25	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

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 8, 2026

Data Sources Report a data error