Fraser and Neave Balance Sheet

Financials in millions SGD. Fiscal year is October - September.

Millions SGD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	-	299.41	245.77	259.62	233.51	404.02
Short-Term Investments	-	64.09	283.87	172.21	41.08	67.78
Cash & Short-Term Investments	363.5	363.5	529.64	431.83	274.59	471.8
Cash Growth	-31.37%	-31.37%	22.65%	57.27%	-41.80%	65.27%
Accounts Receivable	-	328.73	322.05	298.67	293.3	262.23
Other Receivables	-	18.84	84.09	88.66	32.15	32.89
Receivables	-	348.32	406.34	387.61	325.71	295.57
Inventory	-	315.62	332.3	324.7	387.21	297.58
Prepaid Expenses	-	9.5	8	8.1	6.66	6.87
Other Current Assets	-	116.25	59.73	11.95	72.4	5.97
Total Current Assets	-	1,153	1,336	1,164	1,067	1,078
Property, Plant & Equipment	-	1,154	1,009	946.43	811.33	760.02
Long-Term Investments	-	2,365	2,523	2,680	2,897	2,873
Goodwill	-	169.93	172.67	166.78	102.71	101.93
Other Intangible Assets	-	81.49	84.45	84.39	47.43	49.14
Long-Term Deferred Tax Assets	-	10.45	9.34	9.49	5.48	4.7
Long-Term Deferred Charges	-	11.24	11.2	13.43	17.17	19.67
Other Long-Term Assets	-	89.01	56.86	57.3	33.23	35.43
Total Assets	-	5,034	5,202	5,122	4,981	4,921
Accounts Payable	-	219.7	237.71	226.08	229.23	182.75
Accrued Expenses	-	157.44	159.18	134.6	130.25	125.14
Current Portion of Long-Term Debt	-	351.57	233.1	339.21	51.61	427.57
Current Portion of Leases	-	6.85	7.16	7.46	10.98	11.65
Current Income Taxes Payable	-	25.11	37.68	31.1	42.26	49.35
Current Unearned Revenue	-	39.55	46.5	35.66	34.15	26.35
Other Current Liabilities	-	62.87	74.77	60.51	42.73	43.43
Total Current Liabilities	-	863.1	796.1	834.62	541.19	866.23
Long-Term Debt	-	736.89	931.99	794.4	837.67	506.46
Long-Term Leases	-	30.37	27.63	31.53	35.39	36.54
Pension & Post-Retirement Benefits	-	13.74	12.49	12.15	12.74	15.76
Long-Term Deferred Tax Liabilities	-	53.11	46.27	46.36	33.39	28.44
Other Long-Term Liabilities	-	16.4	7.26	0.24	18.03	16.6
Total Liabilities	-	1,714	1,822	1,719	1,478	1,470
Common Stock	-	865.72	865.72	863.8	861.46	858.83
Retained Earnings	-	2,468	2,407	2,336	2,276	2,217
Treasury Stock	-	-1.38	-0.94	-	-	-
Comprehensive Income & Other	-	-560.28	-406.96	-252.55	-67.6	-56.47
Total Common Equity	2,772	2,772	2,865	2,947	3,070	3,019
Minority Interest	-	548.59	515.77	455.29	432.95	431.77
Shareholders' Equity	3,320	3,320	3,381	3,403	3,502	3,451
Total Liabilities & Equity	-	5,034	5,202	5,122	4,981	4,921
Total Debt	1,126	1,126	1,200	1,173	935.65	982.22
Net Cash (Debt)	-762.19	-762.19	-670.24	-740.77	-661.06	-510.42
Net Cash Per Share	-0.52	-0.52	-0.46	-0.51	-0.45	-0.35
Filing Date Shares Outstanding	1,436	1,455	1,455	1,455	1,454	1,452
Total Common Shares Outstanding	1,436	1,456	1,456	1,455	1,454	1,452
Working Capital	-	290.08	539.91	329.58	525.38	211.55
Book Value Per Share	1.90	1.90	1.97	2.03	2.11	2.08
Tangible Book Value	2,520	2,520	2,608	2,696	2,919	2,868
Tangible Book Value Per Share	1.73	1.73	1.79	1.85	2.01	1.98
Land	-	57.43	58.01	54.34	36.66	39.01
Buildings	-	537.16	452.98	426.66	411.14	332.65
Machinery	-	949.34	926.44	832.82	803.9	782.21
Construction In Progress	-	130.08	84.57	102.34	86.71	118.81

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.