Pan Merchant Berhad Balance Sheet

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Cash & Equivalents	11.53	23.81	13.78
Short-Term Investments	57.31	41.7	2.27
Cash & Short-Term Investments	68.84	65.51	16.04
Cash Growth	329.15%	308.38%	-
Accounts Receivable	25.95	30.7	46.65
Other Receivables	6.16	2.51	0.52
Receivables	32.11	33.21	47.17
Inventory	23.41	20.86	18.04
Prepaid Expenses	-	0.9	1.42
Other Current Assets	0.34	10.67	9.76
Total Current Assets	124.7	131.16	92.43
Property, Plant & Equipment	47.05	47.78	50.15
Goodwill	0.82	0.82	0.82
Total Assets	172.56	179.76	143.39
Accounts Payable	9.71	14.38	14.36
Accrued Expenses	-	2.74	2.49
Short-Term Debt	14.62	12.55	30.17
Current Portion of Long-Term Debt	-	-	0.09
Current Portion of Leases	1.44	1.42	1.48
Current Income Taxes Payable	-	1.51	0.8
Current Unearned Revenue	2	1.33	8.06
Other Current Liabilities	9.17	2.77	6.12
Total Current Liabilities	36.94	36.69	63.57
Long-Term Leases	2.44	2.69	4
Long-Term Deferred Tax Liabilities	2.57	2.62	3.74
Total Liabilities	41.95	42	71.32
Common Stock	129.33	129.33	14.2
Retained Earnings	-	-3.58	45.73
Comprehensive Income & Other	-0.06	10.65	10.38
Total Common Equity	129.26	136.41	70.31
Minority Interest	1.35	1.35	1.76
Shareholders' Equity	130.61	137.75	72.08
Total Liabilities & Equity	172.56	179.76	143.39
Total Debt	18.5	16.66	35.74
Net Cash (Debt)	50.34	48.85	-19.69
Net Cash Per Share	0.06	0.06	-0.03
Filing Date Shares Outstanding	916	916	683.81
Total Common Shares Outstanding	916	916	683.81
Working Capital	87.76	94.47	28.85
Book Value Per Share	0.14	0.15	0.10
Tangible Book Value	128.45	135.59	69.5
Tangible Book Value Per Share	0.14	0.15	0.10
Land	-	10.6	10.6
Buildings	-	2.18	2.18
Machinery	-	25.27	25.28