QES Group Berhad (KLSE:QES)

QES 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	81.61	78.7	80.77	71.35	25.51	55
Short-Term Investments	21.96	0.54	0.42	5.32	17.97	3.74
Trading Asset Securities	-	-	-	-	40.1	34.23
Cash & Short-Term Investments	103.57	79.25	81.19	76.67	83.57	92.97
Cash Growth	43.65%	-2.40%	5.90%	-8.26%	-10.10%	82.58%
Accounts Receivable	62.37	79.36	61.09	59.96	52.59	32.67
Other Receivables	0.88	2.61	4.35	4.84	2.25	2.66
Receivables	63.25	81.97	65.45	64.79	54.84	35.32
Inventory	36.06	30.66	35.2	27.26	20.74	18.85
Prepaid Expenses	-	1.82	1.16	1.4	2.16	1.92
Other Current Assets	-	24.39	25.86	22.33	23.33	18.95
Total Current Assets	202.87	218.09	208.87	192.45	184.64	168.01
Property, Plant & Equipment	88.16	82.52	53.44	46.43	35.85	15.28
Long-Term Investments	1.92	2.11	1.96	1.9	1.03	-
Goodwill	-	3.38	3.38	3.38	3.38	3.38
Other Intangible Assets	9.87	0.04	0.03	0.03	0.03	0.03
Long-Term Deferred Tax Assets	1.72	1.15	1.06	0.58	0.99	1.14
Long-Term Deferred Charges	-	6.83	7.06	6.13	4.23	3.51
Total Assets	304.54	314.11	275.79	250.89	230.14	191.34
Accounts Payable	38.69	25.77	20.62	24.01	26.57	17.51
Accrued Expenses	-	19.13	20.39	22.06	17.09	10.34
Short-Term Debt	-	16.48	15.94	6.37	9.6	10.9
Current Portion of Long-Term Debt	12.78	1.5	0.72	0.64	0.66	0.59
Current Portion of Leases	0.53	0.83	0.94	0.88	0.74	1.41
Current Income Taxes Payable	2.09	1.73	2.02	2.06	1.3	0.88
Current Unearned Revenue	18.02	14.32	12.56	10.47	15.19	8.16
Other Current Liabilities	0.55	6.65	2.28	2.28	2.01	1.38
Total Current Liabilities	72.67	86.4	75.47	68.76	73.16	51.18
Long-Term Debt	42.51	34.09	17.72	16.04	16.66	17.26
Long-Term Leases	0.74	2.55	1.22	1.06	0.67	3.1
Long-Term Deferred Tax Liabilities	0.45	1.04	1.1	0.93	0.47	0.03
Total Liabilities	118.45	126.09	97.42	88.26	92.26	72.64
Common Stock	80.78	80.78	80.78	80.78	80.78	80.78
Retained Earnings	123.22	124.84	113.72	99.45	76.35	57.67
Comprehensive Income & Other	-21.69	-21.49	-20.42	-21.25	-21.42	-21.16
Total Common Equity	182.3	184.13	174.07	158.98	135.71	117.28
Minority Interest	3.79	3.9	4.29	3.66	2.17	1.42
Shareholders' Equity	186.09	188.02	178.36	162.63	137.88	118.7
Total Liabilities & Equity	304.54	314.11	275.79	250.89	230.14	191.34
Total Debt	56.56	55.45	36.54	24.99	28.33	33.26
Net Cash (Debt)	47.01	23.8	44.66	51.69	55.25	59.71
Net Cash Growth	43.88%	-46.71%	-13.60%	-6.44%	-7.47%	75.83%
Net Cash Per Share	0.06	0.03	0.05	0.06	0.07	0.08
Filing Date Shares Outstanding	832.73	834.14	834.14	834.14	834.14	834.14
Total Common Shares Outstanding	832.73	834.14	834.14	834.14	834.14	834.14
Working Capital	130.2	131.68	133.4	123.69	111.48	116.82
Book Value Per Share	0.22	0.22	0.21	0.19	0.16	0.14
Tangible Book Value	172.43	180.7	170.67	155.57	132.3	113.87
Tangible Book Value Per Share	0.21	0.22	0.20	0.19	0.16	0.14
Land	-	16.28	15.56	15.56	-	-
Buildings	-	35.29	10.22	10.13	-	-
Machinery	-	51.78	39.67	34.79	32.17	29.99
Construction In Progress	-	-	-	-	22.97	-

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.