NetLink NBN Trust Balance Sheet

Financials in millions SGD. Fiscal year is April - March.

Millions SGD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	247.7	175.37	182.91	200.7	149.82
Cash & Short-Term Investments	247.7	175.37	182.91	200.7	149.82
Cash Growth	41.25%	-4.13%	-8.86%	33.97%	-12.15%
Accounts Receivable	68.14	77.21	80.7	94.69	95.87
Other Receivables	-	-	-	1.27	-
Receivables	68.14	77.21	80.7	95.96	95.87
Inventory	2.66	3.1	4.33	6.76	4.1
Restricted Cash	-	2.21	-	-	-
Other Current Assets	8.3	12.53	5.83	5.67	5.5
Total Current Assets	326.8	270.42	273.77	309.1	255.29
Property, Plant & Equipment	2,592	2,678	2,709	2,764	2,866
Long-Term Investments	-	-	-	29	-
Goodwill	-	746.85	746.85	746.85	746.85
Other Intangible Assets	852.68	101.01	99.12	97.37	75.85
Long-Term Accounts Receivable	65.18	65.43	65.67	65.89	66.71
Other Long-Term Assets	0.16	0.24	22.24	0.24	20.86
Total Assets	3,837	3,862	3,917	4,013	4,032
Accounts Payable	71.56	69.92	54.31	26.29	55.37
Accrued Expenses	-	-	-	17.9	-
Current Portion of Long-Term Debt	-	165.86	-	-	155.8
Current Portion of Leases	2.62	2.03	2.27	1.64	2.24
Current Income Taxes Payable	5.86	12.67	42.83	43.31	37.29
Current Unearned Revenue	43.2	50.8	37.99	36.92	26.47
Other Current Liabilities	-	-	-	15.85	-
Total Current Liabilities	123.24	301.28	137.4	141.91	277.16
Long-Term Debt	987.94	689.08	763.12	732.02	507.89
Long-Term Leases	30.34	30.22	31.2	31.6	36.21
Long-Term Unearned Revenue	4.32	4.73	5.13	5.53	8.23
Long-Term Deferred Tax Liabilities	428.34	440.96	456.24	468.83	484.64
Other Long-Term Liabilities	3.56	2.13	0.79	1.06	1.31
Total Liabilities	1,578	1,468	1,394	1,381	1,315
Common Stock	3,117	3,117	3,117	3,117	3,117
Retained Earnings	-855.6	-728.87	-616.51	-514.35	-421.35
Comprehensive Income & Other	-2.17	5.21	22	29	20.62
Shareholders' Equity	2,259	2,394	2,523	2,632	2,716
Total Liabilities & Equity	3,837	3,862	3,917	4,013	4,032
Total Debt	1,021	887.18	796.6	765.25	702.14
Net Cash (Debt)	-773.2	-711.82	-613.69	-564.55	-552.32
Net Cash Per Share	-0.20	-0.18	-0.16	-0.14	-0.14
Filing Date Shares Outstanding	-	3,897	3,897	3,897	3,897
Total Common Shares Outstanding	-	3,897	3,897	3,897	3,897
Working Capital	203.56	-30.87	136.37	167.19	-21.88
Book Value Per Share	-	0.61	0.65	0.68	0.70
Tangible Book Value	1,407	1,546	1,677	1,788	1,894
Tangible Book Value Per Share	-	0.40	0.43	0.46	0.49
Land	-	-	-	38.34	-
Machinery	-	-	-	128.98	-
Construction In Progress	-	-	-	50.08	-
Leasehold Improvements	-	-	-	2.31	-

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