Waves Corporation Balance Sheet

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	595.03	73.3	50.33	59.87	114.34	152.85
Short-Term Investments	-	3	3	3	3	-
Cash & Short-Term Investments	595.03	76.3	53.33	62.87	117.34	152.85
Cash Growth	1030.35%	43.08%	-15.18%	-46.42%	-23.23%	6.74%
Accounts Receivable	5,993	6,003	5,608	4,194	5,674	6,856
Other Receivables	88.94	9.94	32.19	11.41	18.72	249.54
Receivables	6,082	6,013	5,640	4,205	5,693	7,105
Inventory	2,522	2,523	2,515	6,100	6,038	4,213
Prepaid Expenses	-	1.65	1.21	5.63	6.36	5.66
Other Current Assets	613.75	777.41	927.32	794.15	830.92	122.66
Total Current Assets	9,813	9,392	9,137	11,167	12,685	11,600
Property, Plant & Equipment	8,458	8,365	8,796	8,099	6,174	6,290
Goodwill	-	1,070	1,070	1,070	1,070	1,070
Other Intangible Assets	2,719	1,658	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	4,588	4,560	3,632	80.32	71.41	13.89
Total Assets	25,578	25,047	24,329	22,147	21,771	20,801
Accounts Payable	3,068	741.87	1,594	1,641	2,223	1,207
Accrued Expenses	436.16	2,209	1,638	1,668	960.54	499.27
Short-Term Debt	1,331	801.89	1,118	4,823	5,211	5,304
Current Portion of Long-Term Debt	939.07	1,066	425.63	697.69	511.2	903.38
Current Portion of Leases	-	10.81	16.46	14.96	48.14	76.68
Current Unearned Revenue	-	0.7	1.16	1.16	1.3	20.4
Other Current Liabilities	-	709.33	623.52	971.38	806.28	765.96
Total Current Liabilities	5,774	5,540	5,417	9,817	9,761	8,776
Long-Term Debt	5,825	5,653	5,597	766.33	789.42	1,103
Long-Term Leases	0.44	2.42	13.34	33.29	100.23	135.84
Long-Term Unearned Revenue	3.55	3.84	4.07	5.23	6.48	7.78
Pension & Post-Retirement Benefits	20.04	20.18	20.72	19.96	29.65	36.59
Long-Term Deferred Tax Liabilities	181.34	186.93	244.97	284.82	288.35	467.27
Other Long-Term Liabilities	-	-0	-	-	-	-
Total Liabilities	11,804	11,407	11,296	10,927	10,975	10,527
Common Stock	2,814	2,814	2,814	2,814	2,814	2,814
Additional Paid-In Capital	-	5,026	5,026	5,026	5,026	5,026
Retained Earnings	1,738	1,623	1,328	1,003	753.58	318.32
Comprehensive Income & Other	5,756	742.81	898.11	784.3	653.39	566.7
Total Common Equity	10,308	10,206	10,066	9,627	9,247	8,725
Minority Interest	3,466	3,434	2,967	1,594	1,548	1,550
Shareholders' Equity	13,774	13,640	13,033	11,220	10,795	10,274
Total Liabilities & Equity	25,578	25,047	24,329	22,147	21,771	20,801
Total Debt	8,095	7,534	7,170	6,335	6,660	7,522
Net Cash (Debt)	-7,500	-7,458	-7,116	-6,273	-6,542	-7,370
Net Cash Per Share	-26.81	-26.50	-25.29	-22.29	-23.25	-26.19
Filing Date Shares Outstanding	219.65	281.41	281.41	281.41	281.41	281.41
Total Common Shares Outstanding	219.65	281.41	281.41	281.41	281.41	281.41
Working Capital	4,039	3,852	3,720	1,350	2,924	2,824
Book Value Per Share	46.93	36.27	35.77	34.21	32.86	31.00
Tangible Book Value	7,589	7,478	7,303	6,828	6,408	5,846
Tangible Book Value Per Share	34.55	26.57	25.95	24.26	22.77	20.78
Land	-	-	-	10	10	2,894
Buildings	-	-	698.01	715.43	730.39	753.39
Machinery	-	-	3,663	3,685	2,189	2,144
Construction In Progress	-	-	5,192	4,173	3,313	297.34
Leasehold Improvements	-	-	529.48	529.48	667.12	586.27

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