QES Group Berhad (KLSE:QES)

QES 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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	103.15	90.7	78.7	80.77	71.35	25.51
Short-Term Investments	-	0.7	0.54	0.42	5.32	17.97
Trading Asset Securities	-	-	-	-	-	40.1
Cash & Short-Term Investments	103.15	91.4	79.25	81.19	76.67	83.57
Cash Growth	-2.21%	15.33%	-2.40%	5.90%	-8.26%	-10.10%
Accounts Receivable	75.33	66.79	79.36	61.09	59.96	52.59
Other Receivables	0.56	3.61	2.61	4.35	4.84	2.25
Receivables	75.89	70.4	81.97	65.45	64.79	54.84
Inventory	43.96	31.2	30.66	35.2	27.26	20.74
Prepaid Expenses	-	1.43	1.82	1.16	1.4	2.16
Other Current Assets	23.13	24.82	24.39	25.86	22.33	23.33
Total Current Assets	246.14	219.24	218.09	208.87	192.45	184.64
Property, Plant & Equipment	87.99	90.88	82.52	53.44	46.43	35.85
Long-Term Investments	1	1.52	2.11	1.96	1.9	1.03
Goodwill	-	3.38	3.38	3.38	3.38	3.38
Other Intangible Assets	9.24	0.04	0.04	0.03	0.03	0.03
Long-Term Deferred Tax Assets	3.77	3.49	1.15	1.06	0.58	0.99
Long-Term Deferred Charges	-	6.18	6.83	7.06	6.13	4.23
Total Assets	348.14	324.72	314.11	275.79	250.89	230.14

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	45.88	18.8	25.77	20.62	24.01	26.57
Accrued Expenses	-	20.88	19.13	20.39	22.06	17.09
Short-Term Debt	27.1	13.74	16.48	15.94	6.37	9.6
Current Portion of Long-Term Debt	2.23	2.25	1.5	0.72	0.64	0.66
Current Portion of Leases	0.92	0.87	0.83	0.94	0.88	0.74
Current Income Taxes Payable	2.94	2.16	1.73	2.02	2.06	1.3
Current Unearned Revenue	18.63	17.03	14.32	12.56	10.47	15.19
Other Current Liabilities	0.36	2.23	6.65	2.28	2.28	2.01
Total Current Liabilities	98.06	77.96	86.4	75.47	68.76	73.16
Long-Term Debt	40.54	41.77	34.09	17.72	16.04	16.66
Long-Term Leases	2.52	2.83	2.55	1.22	1.06	0.67
Pension & Post-Retirement Benefits	2.21	2.1	2.01	1.91	1.46	1.3
Long-Term Deferred Tax Liabilities	0.55	0.39	1.04	1.1	0.93	0.47
Total Liabilities	143.87	125.04	126.09	97.42	88.26	92.26

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	80.78	80.78	80.78	80.78	80.78	80.78
Retained Earnings	143.19	138.71	124.84	113.72	99.45	76.35
Treasury Stock	-0.51	-0.51	-	-	-	-
Comprehensive Income & Other	-23.77	-23.28	-21.49	-20.42	-21.25	-21.42
Total Common Equity	199.68	195.69	184.13	174.07	158.98	135.71
Minority Interest	4.6	3.99	3.9	4.29	3.66	2.17
Shareholders' Equity	204.27	199.68	188.02	178.36	162.63	137.88
Total Liabilities & Equity	348.14	324.72	314.11	275.79	250.89	230.14

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	73.3	61.45	55.45	36.54	24.99	28.33
Net Cash (Debt)	29.85	29.95	23.8	44.66	51.69	55.25
Net Cash Growth	-29.98%	25.84%	-46.71%	-13.60%	-6.44%	-7.47%
Net Cash Per Share	0.04	0.04	0.03	0.05	0.06	0.07
Filing Date Shares Outstanding	832.76	832.76	834.14	834.14	834.14	834.14
Total Common Shares Outstanding	832.76	832.76	834.14	834.14	834.14	834.14
Working Capital	148.08	141.28	131.68	133.4	123.69	111.48
Book Value Per Share	0.24	0.23	0.22	0.21	0.19	0.16
Tangible Book Value	190.44	192.27	180.7	170.67	155.57	132.3
Tangible Book Value Per Share	0.23	0.23	0.22	0.20	0.19	0.16
Land	-	16.27	16.28	15.56	15.56	-
Buildings	-	46.6	35.29	10.22	10.13	-
Machinery	-	51.71	51.78	39.67	34.79	32.17
Construction In Progress	-	-	-	-	-	22.97

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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 27, 2026

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