Rafhan Maize Products Co. Balance Sheet

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	1,649	6,336	6,637	887.94	3,776	6,565	Upgrade
Short-Term Investments	10,837	1,969	-	3,380	986.16	2,588	Upgrade
Trading Asset Securities	-	6,596	5,399	-	-	-	Upgrade
Cash & Short-Term Investments	12,487	14,901	12,036	4,268	4,762	9,154	Upgrade
Cash Growth	59.58%	23.81%	181.98%	-10.36%	-47.98%	71.77%	Upgrade
Accounts Receivable	3,761	3,173	2,924	2,874	2,022	1,552	Upgrade
Other Receivables	96.41	52.16	106.97	28.47	39.34	20.92	Upgrade
Receivables	4,069	3,252	3,067	2,924	2,074	1,586	Upgrade
Inventory	22,517	22,960	26,343	17,944	10,422	5,252	Upgrade
Prepaid Expenses	158.74	300.94	383.17	72.71	139.54	158.41	Upgrade
Other Current Assets	-	120.87	92.21	204.43	56.09	24.31	Upgrade
Total Current Assets	39,231	41,535	41,921	25,413	17,454	16,175	Upgrade
Property, Plant & Equipment	9,845	9,891	8,718	6,849	6,503	6,468	Upgrade
Other Long-Term Assets	452.89	449.07	647.49	449.28	134.89	195.08	Upgrade
Total Assets	49,531	51,878	51,288	32,719	24,097	22,845	Upgrade
Accounts Payable	8,972	6,850	11,461	2,523	1,255	1,052	Upgrade
Accrued Expenses	-	3,851	4,356	3,669	2,413	1,915	Upgrade
Short-Term Debt	7,803	8,073	6,124	2,058	756.23	-	Upgrade
Current Portion of Long-Term Debt	83.36	85.71	44.37	11.93	119.81	127.83	Upgrade
Current Portion of Leases	13.5	9.03	5.11	5.12	5.99	-	Upgrade
Current Income Taxes Payable	697.89	769.59	620.47	287.84	121.14	236.75	Upgrade
Current Unearned Revenue	1,054	1,613	690.62	693.45	682.45	534.18	Upgrade
Other Current Liabilities	36.2	1,709	3,108	3,342	2,005	1,872	Upgrade
Total Current Liabilities	18,660	22,961	26,409	12,590	7,359	5,738	Upgrade
Long-Term Debt	389.25	400.29	341.22	69.35	-	106.04	Upgrade
Long-Term Leases	2.13	4.22	10.87	-	5.09	-	Upgrade
Long-Term Unearned Revenue	80.43	83.3	94.75	43.23	-	5.39	Upgrade
Long-Term Deferred Tax Liabilities	1,546	1,532	1,395	979.86	853.28	864.64	Upgrade
Total Liabilities	20,678	24,981	28,251	13,683	8,217	6,714	Upgrade
Common Stock	92.36	92.36	92.36	92.36	92.36	92.36	Upgrade
Additional Paid-In Capital	36.95	36.95	36.95	36.95	36.95	36.95	Upgrade
Retained Earnings	28,722	26,767	22,907	18,906	15,750	16,001	Upgrade
Comprehensive Income & Other	0.94	0.94	0.94	0.94	0.94	0.94	Upgrade
Shareholders' Equity	28,852	26,897	23,037	19,036	15,880	16,131	Upgrade
Total Liabilities & Equity	49,531	51,878	51,288	32,719	24,097	22,845	Upgrade
Total Debt	8,291	8,572	6,525	2,145	887.12	233.87	Upgrade
Net Cash (Debt)	4,195	6,329	5,510	2,124	3,875	8,920	Upgrade
Net Cash Growth	7.96%	14.85%	159.48%	-45.19%	-56.56%	67.54%	Upgrade
Net Cash Per Share	454.22	685.20	596.60	229.92	419.51	965.74	Upgrade
Filing Date Shares Outstanding	9.24	9.24	9.24	9.24	9.24	9.24	Upgrade
Total Common Shares Outstanding	9.24	9.24	9.24	9.24	9.24	9.24	Upgrade
Working Capital	20,571	18,574	15,512	12,823	10,095	10,437	Upgrade
Book Value Per Share	3123.80	2912.08	2494.14	2060.95	1719.27	1746.45	Upgrade
Tangible Book Value	28,852	26,897	23,037	19,036	15,880	16,131	Upgrade
Tangible Book Value Per Share	3123.80	2912.08	2494.14	2060.95	1719.27	1746.45	Upgrade
Land	-	386.72	386.72	386.72	386.72	386.72	Upgrade
Buildings	-	3,123	2,954	2,710	2,706	2,678	Upgrade
Machinery	-	12,011	11,046	9,399	9,244	8,787	Upgrade
Construction In Progress	-	1,938	1,226	731.66	202.71	203.68	Upgrade

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.