Waves Corporation 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
Period Ending	Sep '25 Sep 30, 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
Cash & Equivalents	41.05	50.33	59.87	114.34	152.85	143.2
Short-Term Investments	-	3	3	3	-	-
Cash & Short-Term Investments	41.05	53.33	62.87	117.34	152.85	143.2
Cash Growth	-39.61%	-15.18%	-46.42%	-23.23%	6.74%	-12.45%
Accounts Receivable	5,546	5,608	4,194	5,674	6,856	5,885
Other Receivables	193.94	32.19	11.41	18.72	249.54	194.32
Receivables	5,740	5,640	4,205	5,693	7,105	6,079
Inventory	2,429	2,515	6,100	6,038	4,213	2,997
Prepaid Expenses	-	1.21	5.63	6.36	5.66	5.89
Other Current Assets	877.08	927.32	794.15	830.92	122.66	93.27
Total Current Assets	9,087	9,137	11,167	12,685	11,600	9,318
Property, Plant & Equipment	8,795	8,796	8,099	6,174	6,290	5,571
Goodwill	1,070	1,070	1,070	1,070	1,070	1,070
Other Intangible Assets	1,667	1,693	1,729	1,768	1,808	1,847
Long-Term Accounts Receivable	-	1.15	0.96	1.3	19.23	39.81
Other Long-Term Assets	4,088	3,632	80.32	71.41	13.89	20.85
Total Assets	24,706	24,329	22,147	21,771	20,801	17,867
Accounts Payable	2,949	1,395	1,641	2,223	1,207	817.19
Accrued Expenses	112.84	1,638	1,668	960.54	499.27	564.56
Short-Term Debt	447.57	1,023	4,823	5,211	5,304	4,335
Current Portion of Long-Term Debt	391.12	425.63	697.69	511.2	903.38	464.13
Current Portion of Leases	-	16.46	14.96	48.14	76.68	92.72
Current Unearned Revenue	-	1.16	1.16	1.3	20.4	38.5
Other Current Liabilities	-	917.22	971.38	806.28	765.96	465.89
Total Current Liabilities	3,900	5,417	9,817	9,761	8,776	6,778
Long-Term Debt	6,610	5,597	766.33	789.42	1,103	2,006
Long-Term Leases	2.74	13.34	33.29	100.23	135.84	265.73
Long-Term Unearned Revenue	3.43	4.07	5.23	6.48	7.78	20.87
Pension & Post-Retirement Benefits	21.58	20.72	19.96	29.65	36.59	38.61
Long-Term Deferred Tax Liabilities	255.96	244.97	284.82	288.35	467.27	296.87
Total Liabilities	10,794	11,296	10,927	10,975	10,527	9,407
Common Stock	2,814	2,814	2,814	2,814	2,814	1,876
Additional Paid-In Capital	-	5,026	5,026	5,026	5,026	4,581
Retained Earnings	1,714	1,328	1,003	753.58	318.32	1,660
Comprehensive Income & Other	6,039	898.11	784.3	653.39	566.7	343.17
Total Common Equity	10,567	10,066	9,627	9,247	8,725	8,460
Minority Interest	3,345	2,967	1,594	1,548	1,550	-
Shareholders' Equity	13,912	13,033	11,220	10,795	10,274	8,460
Total Liabilities & Equity	24,706	24,329	22,147	21,771	20,801	17,867
Total Debt	7,451	7,075	6,335	6,660	7,522	7,165
Net Cash (Debt)	-7,410	-7,022	-6,273	-6,542	-7,370	-7,021
Net Cash Per Share	-26.33	-24.95	-22.29	-23.25	-26.19	-37.43
Filing Date Shares Outstanding	281.41	281.41	281.41	281.41	281.41	186.65
Total Common Shares Outstanding	281.41	281.41	281.41	281.41	281.41	186.65
Working Capital	5,186	3,720	1,350	2,924	2,824	2,540
Book Value Per Share	37.55	35.77	34.21	32.86	31.00	45.33
Tangible Book Value	7,830	7,303	6,828	6,408	5,846	5,543
Tangible Book Value Per Share	27.82	25.95	24.26	22.77	20.78	29.70
Land	-	-	10	10	2,894	2,365
Buildings	-	-	715.43	730.39	753.39	614.88
Machinery	-	-	3,685	2,189	2,144	2,232
Construction In Progress	-	-	4,173	3,313	297.34	83
Leasehold Improvements	-	-	529.48	667.12	586.27	556.94

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.