NetLink NBN Trust Balance Sheet

Financials in millions SGD. Fiscal year is April - March.

Millions SGD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	-	175.37	182.91	200.7	149.82	170.54
Cash & Short-Term Investments	255.98	175.37	182.91	200.7	149.82	170.54
Cash Growth	39.17%	-4.13%	-8.86%	33.97%	-12.15%	6.00%
Accounts Receivable	-	77.21	80.7	94.69	95.87	70.68
Other Receivables	-	-	-	1.27	-	-
Receivables	-	77.21	80.7	95.96	95.87	70.68
Inventory	-	3.1	4.33	6.76	4.1	5.16
Restricted Cash	-	2.21	-	-	-	-
Other Current Assets	-	12.53	5.83	5.67	5.5	5.16
Total Current Assets	-	270.42	273.77	309.1	255.29	251.54
Property, Plant & Equipment	-	2,678	2,709	2,764	2,866	2,964
Long-Term Investments	-	-	-	29	-	-
Goodwill	-	746.85	746.85	746.85	746.85	746.85
Other Intangible Assets	-	101.01	99.12	97.37	75.85	80.09
Long-Term Accounts Receivable	-	65.43	65.67	65.89	66.71	80.51
Other Long-Term Assets	-	0.24	22.24	0.24	20.86	0.22
Total Assets	-	3,862	3,917	4,013	4,032	4,123
Accounts Payable	-	69.92	54.31	26.29	55.37	56.4
Accrued Expenses	-	-	-	17.9	-	-
Current Portion of Long-Term Debt	-	165.86	-	-	155.8	509.12
Current Portion of Leases	-	2.03	2.27	1.64	2.24	2.28
Current Income Taxes Payable	-	12.67	42.83	43.31	37.29	23.29
Current Unearned Revenue	-	50.8	37.99	36.92	26.47	21.41
Other Current Liabilities	-	-	-	15.85	-	-
Total Current Liabilities	-	301.28	137.4	141.91	277.16	612.48
Long-Term Debt	-	689.08	763.12	732.02	507.89	155.59
Long-Term Leases	-	30.22	31.2	31.6	36.21	36.55
Long-Term Unearned Revenue	-	4.73	5.13	5.53	8.23	6.3
Long-Term Deferred Tax Liabilities	-	440.96	456.24	468.83	484.64	506.54
Other Long-Term Liabilities	-	2.13	0.79	1.06	1.31	2.29
Total Liabilities	-	1,468	1,394	1,381	1,315	1,320
Common Stock	-	3,117	3,117	3,117	3,117	3,117
Retained Earnings	-	-728.87	-616.51	-514.35	-421.35	-313.48
Comprehensive Income & Other	-	5.21	22	29	20.62	-
Shareholders' Equity	2,325	2,394	2,523	2,632	2,716	2,804
Total Liabilities & Equity	-	3,862	3,917	4,013	4,032	4,123
Total Debt	1,022	887.18	796.6	765.25	702.14	703.53
Net Cash (Debt)	-766.02	-711.82	-613.69	-564.55	-552.32	-533
Net Cash Per Share	-0.20	-0.18	-0.16	-0.14	-0.14	-0.14
Filing Date Shares Outstanding	3,897	3,897	3,897	3,897	3,897	3,897
Total Common Shares Outstanding	3,897	3,897	3,897	3,897	3,897	3,897
Working Capital	-	-30.87	136.37	167.19	-21.88	-360.95
Book Value Per Share	0.60	0.61	0.65	0.68	0.70	0.72
Tangible Book Value	1,475	1,546	1,677	1,788	1,894	1,977
Tangible Book Value Per Share	0.38	0.40	0.43	0.46	0.49	0.51
Land	-	-	-	38.34	-	-
Machinery	-	-	-	128.98	-	-
Construction In Progress	-	-	-	50.08	-	-
Leasehold Improvements	-	-	-	2.31	-	-

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