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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	50.53	47.71	44.43	60.86	44.54	132.71
Short-Term Investments	108.63	127.62	119.52	112.34	95.39	46.07
Cash & Short-Term Investments	159.16	175.34	163.95	173.19	139.93	178.78
Cash Growth	12.72%	6.94%	-5.33%	23.77%	-21.73%	62.28%
Accounts Receivable	60.71	70.15	84.31	88.83	79.89	97.19
Other Receivables	8.31	3.3	3.74	4.08	3.27	1.62
Receivables	69.02	73.45	88.05	92.91	83.15	98.81
Inventory	165.93	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	18.89	0.02	0.11	0.47	0.66	1.06
Total Current Assets	412.99	424.11	447.48	470.62	468.99	449.93
Property, Plant & Equipment	242.11	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	655.81	670.85	719.79	748.84	763.5	756.53
Accounts Payable	19.74	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	53.53	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	3.26	3.89	4.53	1.67	2.49	1.66
Current Income Taxes Payable	0.1	0.69	0.82	1.02	0.76	1.07
Other Current Liabilities	23.32	0.78	0.54	1.2	1.4	18.25
Total Current Liabilities	99.95	107.23	134.21	147.71	163.67	155.02
Long-Term Debt	10.96	11.36	13.25	15.12	-	-
Long-Term Leases	2.32	3.07	6.13	0.48	1.62	0.27
Long-Term Deferred Tax Liabilities	0.73	-	0.25	-	0.82	0.22
Other Long-Term Liabilities	0.32	0.32	0.32	0.29	0.25	0.35
Total Liabilities	114.27	121.98	154.16	163.6	166.36	155.86
Common Stock	246.94	246.94	246.94	246.94	246.94	246.94
Retained Earnings	309.14	316.48	323.81	334.67	351.25	357.08
Treasury Stock	-24.32	-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	541.54	548.88	565.63	585.23	597.15	600.67
Total Liabilities & Equity	655.81	670.85	719.79	748.84	763.5	756.53
Total Debt	70.06	68.35	89.4	97.19	97.88	70.94
Net Cash (Debt)	89.1	106.99	74.56	76	42.05	107.84
Net Cash Growth	43.84%	43.50%	-1.91%	80.76%	-61.01%	-
Net Cash Per Share	0.40	0.49	0.34	0.34	0.19	0.48
Filing Date Shares Outstanding	220.48	220.53	220.53	220.53	220.53	220.53
Total Common Shares Outstanding	220.48	220.53	220.53	220.53	220.53	220.53
Working Capital	313.04	316.89	313.27	322.91	305.32	294.91
Book Value Per Share	2.46	2.49	2.56	2.65	2.71	2.72
Tangible Book Value	540.86	548.2	564.95	584.56	596.47	599.99
Tangible Book Value Per Share	2.45	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