The Thal Industries Corporation Limited (PSX:TICL)

PSX:TICL Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Equivalents	1,498	1,042	744.08	1,104	400.16
Trading Asset Securities	947.63	570.12	284.37	118.91	679.73
Cash & Short-Term Investments	2,445	1,612	1,028	1,223	1,080
Cash Growth	51.67%	56.77%	-15.90%	13.24%	130.42%
Accounts Receivable	842.6	2,062	1,337	762.65	759.58
Other Receivables	26.43	24.12	20.94	13.25	16.46
Receivables	869.03	2,086	1,359	794.24	810.84
Inventory	4,044	15,412	5,790	6,799	1,366
Prepaid Expenses	5.74	2.63	2.58	7.34	5.98
Other Current Assets	3,998	2,555	1,779	1,808	799.83
Total Current Assets	11,362	21,669	9,959	10,631	4,062
Property, Plant & Equipment	7,448	6,146	6,061	5,078	4,769
Other Intangible Assets	0	0	0	0	0
Other Long-Term Assets	6.46	6.46	0.46	0.46	0.46
Total Assets	18,816	27,821	16,021	15,709	8,831
Accounts Payable	598.9	661.72	442.5	453.66	318.99
Accrued Expenses	701.78	1,806	1,031	717.85	506.06
Short-Term Debt	1,486	11,872	1,788	2,827	218.08
Current Portion of Long-Term Debt	-	-	62.5	375.64	434.26
Current Portion of Leases	39.82	43.25	47.78	35.73	42.03
Current Income Taxes Payable	843.5	435.45	738.92	635.48	277.07
Current Unearned Revenue	2,126	1,849	1,716	2,390	436.67
Other Current Liabilities	32.3	32.29	32.95	22.97	25.51
Total Current Liabilities	5,828	16,700	5,860	7,459	2,259
Long-Term Debt	-	-	125	233.33	476.65
Long-Term Leases	65.36	43.27	60.8	40.84	64.82
Long-Term Unearned Revenue	-	-	-	-	0.05
Pension & Post-Retirement Benefits	338.37	300.55	236.5	206.12	180.61
Long-Term Deferred Tax Liabilities	564.94	567.38	580.21	451.13	221.82
Total Liabilities	6,796	17,612	6,862	8,390	3,203
Common Stock	150.23	150.23	150.23	150.23	150.23
Retained Earnings	11,869	9,581	8,530	6,634	4,904
Comprehensive Income & Other	-	478.6	478.6	534.8	574.8
Shareholders' Equity	12,020	10,209	9,159	7,319	5,629
Total Liabilities & Equity	18,816	27,821	16,021	15,709	8,831
Total Debt	1,591	11,959	2,084	3,513	1,236
Net Cash (Debt)	854.52	-10,346	-1,056	-2,290	-155.97
Net Cash Per Share	56.88	-688.68	-70.29	-152.44	-10.38
Filing Date Shares Outstanding	15.02	15.02	15.02	15.02	15.02
Total Common Shares Outstanding	15.02	15.02	15.02	15.02	15.02
Working Capital	5,534	4,968	4,100	3,172	1,804
Book Value Per Share	800.07	679.58	609.65	487.15	374.67
Tangible Book Value	12,020	10,209	9,159	7,319	5,629
Tangible Book Value Per Share	800.07	679.58	609.65	487.15	374.67
Land	1,877	345.55	345.55	345.55	345.55
Buildings	1,011	978.78	929.03	896.68	760.3
Machinery	10,447	9,830	9,445	7,874	7,421
Construction In Progress	210.33	487.55	250.06	383.78	192.77

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