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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	83.39	78.7	80.77	71.35	25.51	55
Short-Term Investments	22.09	0.54	0.42	5.32	17.97	3.74
Trading Asset Securities	-	-	-	-	40.1	34.23
Cash & Short-Term Investments	105.48	79.25	81.19	76.67	83.57	92.97
Cash Growth	3.35%	-2.40%	5.90%	-8.26%	-10.10%	82.58%
Accounts Receivable	70.64	79.36	61.09	59.96	52.59	32.67
Other Receivables	0.94	2.61	4.35	4.84	2.25	2.66
Receivables	71.57	81.97	65.45	64.79	54.84	35.32
Inventory	36.94	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	214	218.09	208.87	192.45	184.64	168.01
Property, Plant & Equipment	87.95	82.52	53.44	46.43	35.85	15.28
Long-Term Investments	1.71	2.11	1.96	1.9	1.03	-
Goodwill	-	3.38	3.38	3.38	3.38	3.38
Other Intangible Assets	9.53	0.04	0.03	0.03	0.03	0.03
Long-Term Deferred Tax Assets	2	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	315.18	314.11	275.79	250.89	230.14	191.34
Accounts Payable	40.06	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	18.9	16.48	15.94	6.37	9.6	10.9
Current Portion of Long-Term Debt	-	1.5	0.72	0.64	0.66	0.59
Current Portion of Leases	0.46	0.83	0.94	0.88	0.74	1.41
Current Income Taxes Payable	3.29	1.73	2.02	2.06	1.3	0.88
Current Unearned Revenue	16.57	14.32	12.56	10.47	15.19	8.16
Other Current Liabilities	0.33	6.65	2.28	2.28	2.01	1.38
Total Current Liabilities	79.6	86.4	75.47	68.76	73.16	51.18
Long-Term Debt	42.82	34.09	17.72	16.04	16.66	17.26
Long-Term Leases	0.67	2.55	1.22	1.06	0.67	3.1
Long-Term Deferred Tax Liabilities	0.3	1.04	1.1	0.93	0.47	0.03
Total Liabilities	125.54	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	127.64	124.84	113.72	99.45	76.35	57.67
Comprehensive Income & Other	-22.18	-21.49	-20.42	-21.25	-21.42	-21.16
Total Common Equity	185.94	184.13	174.07	158.98	135.71	117.28
Minority Interest	3.7	3.9	4.29	3.66	2.17	1.42
Shareholders' Equity	189.64	188.02	178.36	162.63	137.88	118.7
Total Liabilities & Equity	315.18	314.11	275.79	250.89	230.14	191.34
Total Debt	62.85	55.45	36.54	24.99	28.33	33.26
Net Cash (Debt)	42.63	23.8	44.66	51.69	55.25	59.71
Net Cash Growth	-25.09%	-46.71%	-13.60%	-6.44%	-7.47%	75.83%
Net Cash Per Share	0.05	0.03	0.05	0.06	0.07	0.08
Filing Date Shares Outstanding	836.04	834.14	834.14	834.14	834.14	834.14
Total Common Shares Outstanding	836.04	834.14	834.14	834.14	834.14	834.14
Working Capital	134.4	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	176.41	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.