White Horse Berhad (KLSE:WTHORSE)

White Horse 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	53.03	47.71	44.43	60.86	44.54	132.71
Short-Term Investments	111.09	127.62	119.52	112.34	95.39	46.07
Cash & Short-Term Investments	164.11	175.34	163.95	173.19	139.93	178.78
Cash Growth	6.82%	6.94%	-5.33%	23.77%	-21.73%	62.28%
Accounts Receivable	64.31	70.15	84.31	88.83	79.89	97.19
Other Receivables	10.89	3.3	3.74	4.08	3.27	1.62
Receivables	75.2	73.45	88.05	92.91	83.15	98.81
Inventory	167.2	166.52	182.95	191.42	232.52	161.95
Prepaid Expenses	-	8.8	12.41	12.63	12.73	9.34
Other Current Assets	12.88	0.02	0.11	0.47	0.66	1.06
Total Current Assets	419.39	424.11	447.48	470.62	468.99	449.93
Property, Plant & Equipment	238.24	246.03	271.64	277.18	293.53	300.02
Goodwill	0.68	0.68	0.68	0.68	0.68	0.68
Long-Term Deferred Tax Assets	0.03	0.03	-	0.36	0.09	-
Other Long-Term Assets	-	-	-	-	0.21	5.9
Total Assets	658.34	670.85	719.79	748.84	763.5	756.53

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	27.77	28.69	35.68	33.55	37.84	35.04
Accrued Expenses	-	23.15	27.15	30.35	27.41	29.99
Short-Term Debt	34.82	48.17	63.69	78.23	93.78	69.01
Current Portion of Long-Term Debt	12.57	1.86	1.8	1.68	-	-
Current Portion of Leases	2.61	3.89	4.53	1.67	2.49	1.66
Current Income Taxes Payable	0.14	0.69	0.82	1.02	0.76	1.07
Other Current Liabilities	26.08	0.78	0.54	1.2	1.4	18.25
Total Current Liabilities	103.98	107.23	134.21	147.71	163.67	155.02
Long-Term Debt	13.19	11.36	13.25	15.12	-	-
Long-Term Leases	1.57	3.07	6.13	0.48	1.62	0.27
Long-Term Deferred Tax Liabilities	0.55	-	0.25	-	0.82	0.22
Other Long-Term Liabilities	0.32	0.32	0.32	0.29	0.25	0.35
Total Liabilities	119.6	121.98	154.16	163.6	166.36	155.86

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	246.94	246.94	246.94	246.94	246.94	246.94
Retained Earnings	306.51	316.48	323.81	334.67	351.25	357.08
Treasury Stock	-24.48	-24.32	-24.32	-24.32	-24.32	-24.32
Comprehensive Income & Other	9.77	9.77	19.2	27.94	23.28	20.97
Shareholders' Equity	538.74	548.88	565.63	585.23	597.15	600.67
Total Liabilities & Equity	658.34	670.85	719.79	748.84	763.5	756.53

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	64.75	68.35	89.4	97.19	97.88	70.94
Net Cash (Debt)	99.37	106.99	74.56	76	42.05	107.84
Net Cash Growth	26.83%	43.50%	-1.91%	80.76%	-61.01%	-
Net Cash Per Share	0.45	0.49	0.34	0.34	0.19	0.48
Filing Date Shares Outstanding	220.18	220.53	220.53	220.53	220.53	220.53
Total Common Shares Outstanding	220.18	220.53	220.53	220.53	220.53	220.53
Working Capital	315.41	316.89	313.27	322.91	305.32	294.91
Book Value Per Share	2.45	2.49	2.56	2.65	2.71	2.72
Tangible Book Value	538.06	548.2	564.95	584.56	596.47	599.99
Tangible Book Value Per Share	2.44	2.49	2.56	2.65	2.70	2.72
Land	-	26.27	26.27	26.27	26.27	26.27
Buildings	-	243.83	256.09	277.79	277.75	277.21
Machinery	-	573.96	578.98	581.18	582.56	583.87
Construction In Progress	-	0.06	0.06	0.06	0.06	1.72

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:

Sep 2, 2026

Data Sources Report a data error