Northern Solar Holdings Berhad (KLSE:NORTHERN)

KLSE:NORTHERN Balance Sheet

Financials in millions MYR. Fiscal year is April - March.

Assets

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	44.51	45.3	52.22	9	7.72	2.22
Short-Term Investments	-	0.19	0.18	0.17	0.17	0.25
Cash & Short-Term Investments	44.51	45.49	52.4	9.17	7.89	2.47
Cash Growth	-11.25%	-13.18%	471.39%	16.22%	219.36%	-
Accounts Receivable	59.25	38.82	22.17	12.68	9.39	3.24
Other Receivables	0.01	0.17	0.57	0.06	1.58	0.51
Receivables	59.26	38.99	22.74	12.74	10.97	3.75
Inventory	10.74	13.05	5.22	3.98	5.12	2.62
Prepaid Expenses	-	2.71	1.87	2.02	1.17	2.07
Other Current Assets	0.04	0.06	-	-	-	-
Total Current Assets	114.54	100.3	82.23	27.91	25.14	10.91
Property, Plant & Equipment	23.27	23.42	14.57	9.95	3.48	0.63
Long-Term Investments	0.26	0.25	0.21	0.2	0.06	-0
Other Intangible Assets	-	0.05	0.05	0.06	0.02	0
Other Long-Term Assets	-	-	-	-	0	0
Total Assets	138.07	124.02	97.06	38.11	28.7	11.54

Liabilities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	29.56	11.31	7.22	6.76	7.05	4.53
Accrued Expenses	-	0.87	1.23	0.91	0.95	0.98
Short-Term Debt	2.41	2.77	0.95	-	-	-
Current Portion of Long-Term Debt	1.52	1.51	1.63	0.56	2.36	0.5
Current Portion of Leases	0.35	0.35	0.26	0.91	0.83	0.08
Current Income Taxes Payable	3.13	2.6	1.92	1.62	0.12	0.22
Current Unearned Revenue	4.35	6.63	3.45	0.59	1.89	0.19
Other Current Liabilities	-	5.08	1.68	0.45	0.26	0.21
Total Current Liabilities	41.33	31.12	18.34	11.81	13.44	6.7
Long-Term Debt	5.66	6.05	7.72	2.09	0.7	-
Long-Term Leases	2.08	2.17	2.07	3.43	3.58	0.37
Long-Term Deferred Tax Liabilities	1.67	1.32	0.83	0.13	0.42	0.02
Total Liabilities	50.74	40.65	28.97	17.46	18.14	7.09

Shareholders' Equity

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	55.43	55.43	55.43	1	1	1
Retained Earnings	45.32	41.35	26.07	19.65	9.57	3.45
Comprehensive Income & Other	-13.87	-13.87	-13.87	-	-	-
Total Common Equity	86.88	82.91	67.62	20.65	10.57	4.45
Minority Interest	0.46	0.47	0.47	-	-	-
Shareholders' Equity	87.34	83.37	68.1	20.65	10.57	4.45
Total Liabilities & Equity	138.07	124.02	97.06	38.11	28.7	11.54

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	12.03	12.83	12.63	7	7.47	0.95
Net Cash (Debt)	32.48	32.66	39.76	2.17	0.42	1.52
Net Cash Growth	-16.76%	-17.87%	1735.08%	411.70%	-72.08%	-
Net Cash Per Share	0.08	0.08	0.12	2.17	0.42	1.52
Filing Date Shares Outstanding	395.6	395.6	395.6	1	1	1
Total Common Shares Outstanding	395.6	395.6	395.6	1	1	1
Working Capital	73.21	69.18	63.89	16.1	11.7	4.21
Book Value Per Share	0.22	0.21	0.17	20.65	10.57	4.45
Tangible Book Value	86.88	82.86	67.57	20.6	10.54	4.45
Tangible Book Value Per Share	0.22	0.21	0.17	20.60	10.54	4.45
Machinery	-	1.66	1.44	0.41	0.24	0.14
Construction In Progress	-	9.57	0.66	5.48	-	-
Order Backlog	-	-	110	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 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:

Sep 21, 2026

Data Sources Report a data error