Waves Corporation Balance Sheet

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	73.3	50.33	59.87	114.34	152.85
Short-Term Investments	3	3	3	3	-
Cash & Short-Term Investments	76.3	53.33	62.87	117.34	152.85
Cash Growth	43.08%	-15.18%	-46.42%	-23.23%	6.74%
Accounts Receivable	6,364	5,608	4,194	5,674	6,856
Other Receivables	-	32.19	11.41	18.72	249.54
Receivables	6,364	5,640	4,205	5,693	7,105
Inventory	2,523	2,515	6,100	6,038	4,213
Prepaid Expenses	-	1.21	5.63	6.36	5.66
Other Current Assets	764.55	927.32	794.15	830.92	122.66
Total Current Assets	9,729	9,137	11,167	12,685	11,600
Property, Plant & Equipment	8,525	8,796	8,099	6,174	6,290
Goodwill	-	1,070	1,070	1,070	1,070
Other Intangible Assets	2,728	1,693	1,729	1,768	1,808
Long-Term Accounts Receivable	1.06	1.15	0.96	1.3	19.23
Other Long-Term Assets	4,382	3,632	80.32	71.41	13.89
Total Assets	25,366	24,329	22,147	21,771	20,801
Accounts Payable	3,584	1,395	1,641	2,223	1,207
Accrued Expenses	405.02	1,638	1,668	960.54	499.27
Short-Term Debt	800.45	1,023	4,823	5,211	5,304
Current Portion of Long-Term Debt	1,077	425.63	697.69	511.2	903.38
Current Portion of Leases	-	16.46	14.96	48.14	76.68
Current Unearned Revenue	-	1.16	1.16	1.3	20.4
Other Current Liabilities	1.18	917.22	971.38	806.28	765.96
Total Current Liabilities	5,868	5,417	9,817	9,761	8,776
Long-Term Debt	5,653	5,597	766.33	789.42	1,103
Long-Term Leases	2.42	13.34	33.29	100.23	135.84
Long-Term Unearned Revenue	3.84	4.07	5.23	6.48	7.78
Pension & Post-Retirement Benefits	20.18	20.72	19.96	29.65	36.59
Long-Term Deferred Tax Liabilities	186.93	244.97	284.82	288.35	467.27
Total Liabilities	11,735	11,296	10,927	10,975	10,527
Common Stock	2,814	2,814	2,814	2,814	2,814
Additional Paid-In Capital	-	5,026	5,026	5,026	5,026
Retained Earnings	1,616	1,328	1,003	753.58	318.32
Comprehensive Income & Other	5,768	898.11	784.3	653.39	566.7
Total Common Equity	10,198	10,066	9,627	9,247	8,725
Minority Interest	3,433	2,967	1,594	1,548	1,550
Shareholders' Equity	13,631	13,033	11,220	10,795	10,274
Total Liabilities & Equity	25,366	24,329	22,147	21,771	20,801
Total Debt	7,534	7,075	6,335	6,660	7,522
Net Cash (Debt)	-7,457	-7,022	-6,273	-6,542	-7,370
Net Cash Per Share	-32.26	-24.95	-22.29	-23.25	-26.19
Filing Date Shares Outstanding	231.14	281.41	281.41	281.41	281.41
Total Common Shares Outstanding	231.14	281.41	281.41	281.41	281.41
Working Capital	3,861	3,720	1,350	2,924	2,824
Book Value Per Share	44.12	35.77	34.21	32.86	31.00
Tangible Book Value	7,470	7,303	6,828	6,408	5,846
Tangible Book Value Per Share	32.32	25.95	24.26	22.77	20.78
Land	-	-	10	10	2,894
Buildings	-	-	715.43	730.39	753.39
Machinery	-	-	3,685	2,189	2,144
Construction In Progress	-	-	4,173	3,313	297.34
Leasehold Improvements	-	-	529.48	667.12	586.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.