Tiong Seng Holdings Balance Sheet

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	24.7	35.78	112.58	47.63	56.49	43.44
Short-Term Investments	-	1.23	2.16	3.1	4.11	3.36
Cash & Short-Term Investments	24.7	37.01	114.74	50.73	60.59	46.79
Cash Growth	-63.79%	-67.75%	126.19%	-16.28%	29.49%	-22.41%
Accounts Receivable	70.64	81.44	88.07	116.89	97.51	101.32
Other Receivables	-	16.78	22.14	33.01	9.49	10.58
Receivables	70.64	101.53	113.54	153.42	110.74	115.73
Inventory	116.48	114.28	132.69	153.16	179.01	212.08
Prepaid Expenses	-	0.39	1.32	1.68	1.43	1.71
Other Current Assets	38.65	39.75	43.33	25.84	1.1	8.89
Total Current Assets	250.47	292.95	405.62	384.83	352.86	385.2
Property, Plant & Equipment	60.69	64.75	52.27	70.81	98.45	105.26
Long-Term Investments	16.48	16.51	14.88	23.94	41.69	39.92
Other Intangible Assets	1.21	1.75	1.39	0.69	0.59	0.62
Long-Term Accounts Receivable	27.19	27.77	36.41	24.86	20.21	10.13
Long-Term Deferred Tax Assets	2.24	2.25	2.26	2.27	2.28	2.25
Other Long-Term Assets	1.11	1.21	1.22	0.39	3.76	3.78
Total Assets	359.4	407.2	514.05	507.78	519.82	547.16
Accounts Payable	76.02	57.9	81.75	59.95	32.49	36.95
Accrued Expenses	-	69.49	48.95	47.94	36.96	66.03
Current Portion of Long-Term Debt	103.65	82.84	109.05	93.79	57.11	43.16
Current Portion of Leases	2.97	3.23	2.86	1.04	1.12	1.53
Current Income Taxes Payable	2.54	4.4	3.01	3.02	7.06	6.71
Current Unearned Revenue	55.47	53.15	114.99	74.3	74.8	66.93
Other Current Liabilities	23.77	21.21	43.51	99.21	70.53	49.44
Total Current Liabilities	264.41	292.21	404.12	379.26	280.06	270.74
Long-Term Debt	2.2	2.2	5.46	15.8	31.13	25.02
Long-Term Leases	5.38	6.13	6.67	3.23	3.78	3.88
Long-Term Deferred Tax Liabilities	0.14	-	0.67	0.58	0.83	0.93
Other Long-Term Liabilities	34.4	30.03	21.97	12.27	9.85	5.58
Total Liabilities	306.52	330.58	438.9	411.14	325.65	306.15
Common Stock	183.87	181.95	181.95	181.95	181.95	181.95
Retained Earnings	-21.7	-2.5	-4.05	8.07	93.88	145.18
Treasury Stock	-4.91	-4.91	-4.91	-4.91	-4.87	-4.87
Comprehensive Income & Other	-104.49	-100.04	-99.91	-92.96	-79.75	-86.08
Total Common Equity	52.77	74.5	73.08	92.15	191.2	236.17
Minority Interest	0.1	2.12	2.07	4.49	2.97	4.84
Shareholders' Equity	52.87	76.62	75.15	96.65	194.17	241.01
Total Liabilities & Equity	359.4	407.2	514.05	507.78	519.82	547.16
Total Debt	114.19	94.4	124.04	113.86	93.15	73.59
Net Cash (Debt)	-89.48	-57.4	-9.3	-63.13	-32.55	-26.8
Net Cash Per Share	-0.20	-0.12	-0.02	-0.14	-0.07	-0.06
Filing Date Shares Outstanding	461.08	461.08	441.08	441.08	441.42	441.42
Total Common Shares Outstanding	461.08	441.08	441.08	441.08	441.42	441.42
Working Capital	-13.94	0.74	1.51	5.58	72.8	114.46
Book Value Per Share	0.11	0.17	0.17	0.21	0.43	0.54
Tangible Book Value	51.56	72.76	71.69	91.47	190.62	235.55
Tangible Book Value Per Share	0.11	0.16	0.16	0.21	0.43	0.53
Land	-	9.21	9	9.2	28.02	27.75
Machinery	-	170.48	169.86	170.81	164.66	157.77
Order Backlog	-	624	-	-	-	-

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