White Horse Berhad Balance Sheet

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	137.54	44.43	60.86	44.54	132.71	59.26
Short-Term Investments	19	119.52	112.34	95.39	46.07	50.91
Cash & Short-Term Investments	156.54	163.95	173.19	139.93	178.78	110.17
Cash Growth	2.04%	-5.33%	23.77%	-21.73%	62.28%	18.80%
Accounts Receivable	71.36	84.31	88.83	79.89	97.19	95.49
Other Receivables	10.69	3.74	4.08	3.27	1.62	2.6
Receivables	82.05	88.05	92.91	83.15	98.81	98.09
Inventory	166.48	182.95	191.42	232.52	161.95	234.5
Prepaid Expenses	-	12.41	12.63	12.73	9.34	9.47
Other Current Assets	23.94	0.11	0.47	0.66	1.06	61.44
Total Current Assets	429.02	447.48	470.62	468.99	449.93	513.67
Property, Plant & Equipment	269	271.64	277.18	293.53	300.02	336.06
Goodwill	0.68	0.68	0.68	0.68	0.68	0.68
Long-Term Deferred Tax Assets	-	-	0.36	0.09	-	-
Other Long-Term Assets	-	-	-	0.21	5.9	0.87
Total Assets	698.69	719.79	748.84	763.5	756.53	851.27
Accounts Payable	34.03	35.68	33.55	37.84	35.04	31.06
Accrued Expenses	-	27.15	30.35	27.41	29.99	27.75
Short-Term Debt	35.59	63.69	78.23	93.78	69.01	111.43
Current Portion of Long-Term Debt	19.42	1.8	1.68	-	-	2
Current Portion of Leases	4.39	4.53	1.67	2.49	1.66	2.49
Current Income Taxes Payable	0.29	0.82	1.02	0.76	1.07	0.64
Other Current Liabilities	31.89	0.54	1.2	1.4	18.25	56.22
Total Current Liabilities	125.61	134.21	147.71	163.67	155.02	231.58
Long-Term Debt	11.83	13.25	15.12	-	-	-
Long-Term Leases	6.13	6.13	0.48	1.62	0.27	1.23
Long-Term Deferred Tax Liabilities	0.74	0.25	-	0.82	0.22	1.67
Other Long-Term Liabilities	0.32	0.32	0.29	0.25	0.35	29.29
Total Liabilities	144.63	154.16	163.6	166.36	155.86	263.78
Common Stock	246.94	246.94	246.94	246.94	246.94	246.94
Retained Earnings	312.25	323.81	334.67	351.25	357.08	340.34
Treasury Stock	-24.32	-24.32	-24.32	-24.32	-24.32	-18.91
Comprehensive Income & Other	19.2	19.2	27.94	23.28	20.97	19.13
Shareholders' Equity	554.07	565.63	585.23	597.15	600.67	587.5
Total Liabilities & Equity	698.69	719.79	748.84	763.5	756.53	851.27
Total Debt	77.35	89.4	97.19	97.88	70.94	117.15
Net Cash (Debt)	79.19	74.56	76	42.05	107.84	-6.98
Net Cash Growth	11.48%	-1.91%	80.76%	-61.01%	-	-
Net Cash Per Share	0.36	0.34	0.34	0.19	0.48	-0.03
Filing Date Shares Outstanding	220.53	220.53	220.53	220.53	220.53	227.71
Total Common Shares Outstanding	220.53	220.53	220.53	220.53	220.53	227.71
Working Capital	303.41	313.27	322.91	305.32	294.91	282.09
Book Value Per Share	2.51	2.56	2.65	2.71	2.72	2.58
Tangible Book Value	553.39	564.95	584.56	596.47	599.99	586.82
Tangible Book Value Per Share	2.51	2.56	2.65	2.70	2.72	2.58
Land	-	26.27	26.27	26.27	26.27	26.27
Buildings	-	256.09	277.79	277.75	277.21	278.43
Machinery	-	578.98	581.18	582.56	583.87	591.96
Construction In Progress	-	0.06	0.06	0.06	1.72	0.06

Source: S&P Global Market Intelligence. Standard template. Financial Sources.