Tiong Seng Holdings 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	12.49	35.78	112.58	47.63	56.49
Short-Term Investments	2.18	1.23	2.16	3.1	4.11
Cash & Short-Term Investments	14.67	37.01	114.74	50.73	60.59
Cash Growth	-60.37%	-67.75%	126.19%	-16.28%	29.49%
Accounts Receivable	107.13	77.89	88.07	116.89	97.51
Other Receivables	21.21	20.32	22.14	33.01	9.49
Receivables	131.62	101.53	113.54	153.42	110.74
Inventory	98.66	114.28	132.69	153.16	179.01
Prepaid Expenses	0.34	0.39	1.32	1.68	1.43
Other Current Assets	27.21	39.75	43.33	25.84	1.1
Total Current Assets	272.5	292.95	405.62	384.83	352.86
Property, Plant & Equipment	59.25	64.75	52.27	70.81	98.45
Long-Term Investments	15.67	16.51	14.88	23.94	41.69
Other Intangible Assets	1.8	1.75	1.39	0.69	0.59
Long-Term Accounts Receivable	0.98	27.77	36.41	24.86	20.21
Long-Term Deferred Tax Assets	2.2	2.25	2.26	2.27	2.28
Other Long-Term Assets	0.79	1.21	1.22	0.39	3.76
Total Assets	353.19	407.2	514.05	507.78	519.82
Accounts Payable	53.94	57.9	81.75	59.95	32.49
Accrued Expenses	91.26	69.49	48.95	47.94	36.96
Current Portion of Long-Term Debt	80.43	82.84	109.05	93.79	57.11
Current Portion of Leases	3.42	3.23	2.86	1.04	1.12
Current Income Taxes Payable	2.41	4.4	3.01	3.02	7.06
Current Unearned Revenue	17.38	53.15	114.99	74.3	74.8
Other Current Liabilities	49.61	21.21	43.51	99.21	70.53
Total Current Liabilities	298.45	292.21	404.12	379.26	280.06
Long-Term Debt	1.87	2.2	5.46	15.8	31.13
Long-Term Leases	4.93	6.13	6.67	3.23	3.78
Long-Term Deferred Tax Liabilities	0.15	-	0.67	0.58	0.83
Other Long-Term Liabilities	3.48	30.03	21.97	12.27	9.85
Total Liabilities	308.87	330.58	438.9	411.14	325.65
Common Stock	183.87	181.95	181.95	181.95	181.95
Retained Earnings	-36.01	-2.5	-4.05	8.07	93.88
Treasury Stock	-4.91	-4.91	-4.91	-4.91	-4.87
Comprehensive Income & Other	-99.33	-100.04	-99.91	-92.96	-79.75
Total Common Equity	43.63	74.5	73.08	92.15	191.2
Minority Interest	0.69	2.12	2.07	4.49	2.97
Shareholders' Equity	44.32	76.62	75.15	96.65	194.17
Total Liabilities & Equity	353.19	407.2	514.05	507.78	519.82
Total Debt	90.64	94.4	124.04	113.86	93.15
Net Cash (Debt)	-75.98	-57.4	-9.3	-63.13	-32.55
Net Cash Per Share	-0.17	-0.12	-0.02	-0.14	-0.07
Filing Date Shares Outstanding	461.08	461.08	441.08	441.08	441.42
Total Common Shares Outstanding	461.08	441.08	441.08	441.08	441.42
Working Capital	-25.95	0.74	1.51	5.58	72.8
Book Value Per Share	0.09	0.17	0.17	0.21	0.43
Tangible Book Value	41.83	72.76	71.69	91.47	190.62
Tangible Book Value Per Share	0.09	0.16	0.16	0.21	0.43
Land	9.37	9.21	9	9.2	28.02
Machinery	170.85	169.18	169.86	170.81	164.66
Order Backlog	494	-	-	-	-

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