Hor Kew Corporation Balance Sheet

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

Millions SGD. 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	26.02	25.56	25.35	22.36	25.81
Short-Term Investments	0.01	0.01	0.01	0.01	0.01
Cash & Short-Term Investments	26.03	25.57	25.36	22.37	25.82
Cash Growth	1.80%	0.82%	13.37%	-13.35%	-12.23%
Accounts Receivable	22.54	20.91	22.39	34.18	14.22
Other Receivables	2.98	1.49	0.36	0.3	0.32
Receivables	25.52	22.4	22.75	34.48	14.54
Inventory	16.01	8.13	25.53	29.07	27.88
Prepaid Expenses	1.37	0.38	0.51	0.32	0.25
Other Current Assets	0.41	0.3	0.87	0.76	0.44
Total Current Assets	69.33	56.77	75.02	87	68.93
Property, Plant & Equipment	94.3	32.3	32.8	37.13	39.13
Long-Term Accounts Receivable	6.31	3.44	7.11	3.72	7.21
Long-Term Deferred Tax Assets	-	1.84	1.85	0.14	0.43
Other Long-Term Assets	61.08	59.84	42.01	41.47	41.25
Total Assets	231.02	154.19	158.79	169.45	156.94
Accounts Payable	20.66	15.94	20.51	26.54	20.25
Accrued Expenses	11.38	7.92	6.21	4.41	2.68
Short-Term Debt	5.16	10.63	22.99	26.85	27.66
Current Portion of Long-Term Debt	4.37	0.21	2.58	27.38	2.23
Current Portion of Leases	1.52	1.16	0.69	0.59	1.31
Current Income Taxes Payable	4.71	2.4	2.11	1.65	0.73
Current Unearned Revenue	0.4	0.57	0.98	7.62	0.41
Other Current Liabilities	4	1.35	0.99	1.19	1.68
Total Current Liabilities	52.19	40.17	57.04	96.23	56.94
Long-Term Debt	73.04	25.34	27.81	5.35	32.65
Long-Term Leases	2.72	0.65	0.97	0.82	1.07
Long-Term Deferred Tax Liabilities	1.62	1.71	1.3	1.86	2
Other Long-Term Liabilities	2.98	-	-	-	-
Total Liabilities	132.55	67.88	87.12	104.26	92.67
Common Stock	68.32	68.32	68.32	68.32	68.32
Retained Earnings	36.66	25.35	11.62	4.21	2.49
Comprehensive Income & Other	-6.51	-7.36	-8.28	-7.34	-6.54
Shareholders' Equity	98.47	86.31	71.67	65.19	64.27
Total Liabilities & Equity	231.02	154.19	158.79	169.45	156.94
Total Debt	86.8	37.99	55.03	60.99	64.92
Net Cash (Debt)	-60.77	-12.42	-29.67	-38.62	-39.11
Net Cash Per Share	-1.17	-0.24	-0.57	-0.74	-0.75
Filing Date Shares Outstanding	52.07	52.07	52.07	52.07	52.07
Total Common Shares Outstanding	52.07	52.07	52.07	52.07	52.07
Working Capital	17.14	16.6	17.98	-9.23	11.99
Book Value Per Share	1.89	1.66	1.38	1.25	1.23
Tangible Book Value	98.47	86.31	71.67	65.19	64.27
Tangible Book Value Per Share	1.89	1.66	1.38	1.25	1.23
Machinery	27.53	23.06	24.73	24.69	25.08
Construction In Progress	2.98	-	-	-	-

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