White Horse Berhad Balance Sheet

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	111.34	44.43	60.86	44.54	132.71
Short-Term Investments	58.44	119.52	112.34	95.39	46.07
Cash & Short-Term Investments	169.79	163.95	173.19	139.93	178.78
Cash Growth	3.56%	-5.33%	23.77%	-21.73%	62.28%
Accounts Receivable	70.15	84.31	88.83	79.89	97.19
Other Receivables	8.85	3.74	4.08	3.27	1.62
Receivables	78.99	88.05	92.91	83.15	98.81
Inventory	165.1	182.95	191.42	232.52	161.95
Prepaid Expenses	-	12.41	12.63	12.73	9.34
Other Current Assets	10.24	0.11	0.47	0.66	1.06
Total Current Assets	424.11	447.48	470.62	468.99	449.93
Property, Plant & Equipment	246.03	271.64	277.18	293.53	300.02
Goodwill	0.68	0.68	0.68	0.68	0.68
Long-Term Deferred Tax Assets	0.03	-	0.36	0.09	-
Other Long-Term Assets	-	-	-	0.21	5.9
Total Assets	670.85	719.79	748.84	763.5	756.53
Accounts Payable	28.71	35.68	33.55	37.84	35.04
Accrued Expenses	-	27.15	30.35	27.41	29.99
Short-Term Debt	48.17	63.69	78.23	93.78	69.01
Current Portion of Long-Term Debt	1.86	1.8	1.68	-	-
Current Portion of Leases	6.3	4.53	1.67	2.49	1.66
Current Income Taxes Payable	0.53	0.82	1.02	0.76	1.07
Other Current Liabilities	24.07	0.54	1.2	1.4	18.25
Total Current Liabilities	109.64	134.21	147.71	163.67	155.02
Long-Term Debt	11.62	13.25	15.12	-	-
Long-Term Leases	0.4	6.13	0.48	1.62	0.27
Long-Term Deferred Tax Liabilities	-	0.25	-	0.82	0.22
Other Long-Term Liabilities	0.32	0.32	0.29	0.25	0.35
Total Liabilities	121.98	154.16	163.6	166.36	155.86
Common Stock	246.94	246.94	246.94	246.94	246.94
Retained Earnings	316.48	323.81	334.67	351.25	357.08
Treasury Stock	-24.32	-24.32	-24.32	-24.32	-24.32
Comprehensive Income & Other	9.77	19.2	27.94	23.28	20.97
Shareholders' Equity	548.88	565.63	585.23	597.15	600.67
Total Liabilities & Equity	670.85	719.79	748.84	763.5	756.53
Total Debt	68.35	89.4	97.19	97.88	70.94
Net Cash (Debt)	101.44	74.56	76	42.05	107.84
Net Cash Growth	36.06%	-1.91%	80.76%	-61.01%	-
Net Cash Per Share	0.46	0.34	0.34	0.19	0.48
Filing Date Shares Outstanding	220.53	220.53	220.53	220.53	220.53
Total Common Shares Outstanding	220.53	220.53	220.53	220.53	220.53
Working Capital	314.48	313.27	322.91	305.32	294.91
Book Value Per Share	2.49	2.56	2.65	2.71	2.72
Tangible Book Value	548.2	564.95	584.56	596.47	599.99
Tangible Book Value Per Share	2.49	2.56	2.65	2.70	2.72
Land	-	26.27	26.27	26.27	26.27
Buildings	-	256.09	277.79	277.75	277.21
Machinery	-	578.98	581.18	582.56	583.87
Construction In Progress	-	0.06	0.06	0.06	1.72

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