The Thal Industries Corporation Limited (PSX:TICL)

PSX:TICL Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Equivalents	2,793	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	3,019	2,445	1,612	1,028	1,223	1,080
Cash Growth	44.16%	51.67%	56.77%	-15.90%	13.24%	130.42%
Accounts Receivable	1,455	842.6	2,062	1,337	762.65	759.58
Other Receivables	2,945	26.43	24.12	20.94	13.25	16.46
Receivables	5,762	869.03	2,086	1,359	794.24	810.84
Inventory	21,512	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	168.47	3,998	2,555	1,779	1,808	799.83
Total Current Assets	30,461	11,362	21,669	9,959	10,631	4,062
Property, Plant & Equipment	7,285	7,448	6,146	6,061	5,078	4,769
Other Intangible Assets	0	0	0	0	0	0
Other Long-Term Assets	6.46	6.46	6.46	0.46	0.46	0.46
Total Assets	37,753	18,816	27,821	16,021	15,709	8,831

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Accounts Payable	5,529	598.9	661.72	442.5	453.66	318.99
Accrued Expenses	596.26	701.78	1,806	1,031	717.85	506.06
Short-Term Debt	17,063	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	42.1	39.82	43.25	47.78	35.73	42.03
Current Income Taxes Payable	1,126	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	24.43	32.3	32.29	32.95	22.97	25.51
Total Current Liabilities	24,380	5,828	16,700	5,860	7,459	2,259
Long-Term Debt	-	-	-	125	233.33	476.65
Long-Term Leases	84.62	65.36	43.27	60.8	40.84	64.82
Long-Term Unearned Revenue	-	-	-	-	-	0.05
Pension & Post-Retirement Benefits	383.09	338.37	300.55	236.5	206.12	180.61
Long-Term Deferred Tax Liabilities	536.45	564.94	567.38	580.21	451.13	221.82
Total Liabilities	25,384	6,796	17,612	6,862	8,390	3,203

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Common Stock	150.23	150.23	150.23	150.23	150.23	150.23
Retained Earnings	12,219	11,869	9,581	8,530	6,634	4,904
Comprehensive Income & Other	-	-	478.6	478.6	534.8	574.8
Shareholders' Equity	12,369	12,020	10,209	9,159	7,319	5,629
Total Liabilities & Equity	37,753	18,816	27,821	16,021	15,709	8,831

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Total Debt	17,190	1,591	11,959	2,084	3,513	1,236
Net Cash (Debt)	-14,170	854.52	-10,346	-1,056	-2,290	-155.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-943.25	56.88	-688.68	-70.29	-152.44	-10.38
Filing Date Shares Outstanding	15	15.02	15.02	15.02	15.02	15.02
Total Common Shares Outstanding	15	15.02	15.02	15.02	15.02	15.02
Working Capital	6,081	5,534	4,968	4,100	3,172	1,804
Book Value Per Share	824.84	800.07	679.58	609.65	487.15	374.67
Tangible Book Value	12,369	12,020	10,209	9,159	7,319	5,629
Tangible Book Value Per Share	824.84	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

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error