Mermaid Maritime Public Company Limited (SGX:DU4)

SGX:DU4 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,140	779.72	1,038	269.62	266.79	1,134
Short-Term Investments	-	-	-	-	95.95	-
Trading Asset Securities	-	-	-	-	0.1	291.78
Cash & Short-Term Investments	1,140	779.72	1,038	269.62	362.84	1,426
Cash Growth	28.05%	-24.85%	284.82%	-25.69%	-74.55%	36.26%
Accounts Receivable	5,656	5,346	3,255	1,919	1,799	905.74
Other Receivables	815.46	834.57	530.09	290.19	731.3	154.45
Receivables	6,625	6,325	3,896	2,253	2,530	1,060
Inventory	24.39	10.77	32.31	32.77	11.56	10.63
Other Current Assets	-	-	25.74	-	-	-
Total Current Assets	7,789	7,115	4,992	2,555	2,904	2,497
Property, Plant & Equipment	5,129	5,414	5,132	5,653	4,444	4,313
Long-Term Investments	922.47	904.32	979.51	985.03	899.6	720.23
Other Intangible Assets	0.42	0.75	1.2	-	66.84	0.39
Long-Term Deferred Tax Assets	23.97	24.1	22.42	21.29	1.91	1.62
Other Long-Term Assets	697.76	670.72	1,077	860.43	291.22	293.43
Total Assets	14,563	14,129	12,203	10,075	8,643	7,825
Accounts Payable	3,309	3,548	2,615	1,847	1,408	674.12
Accrued Expenses	87.82	179.73	47.33	25.99	20.92	-
Short-Term Debt	441.44	443.85	498.43	138.25	-	-
Current Portion of Long-Term Debt	2,269	2,481	1,195	663.91	575.12	406.82
Current Portion of Leases	125.9	341.95	315.23	300.11	4.11	6.19
Current Income Taxes Payable	58.14	88.44	71.7	77.35	28.81	15.29
Total Current Liabilities	6,291	7,084	4,743	3,052	2,037	1,102
Long-Term Debt	676.02	551.08	1,087	631.63	1,152	1,318
Long-Term Leases	48.8	91.09	422.76	730.27	2.61	6.67
Pension & Post-Retirement Benefits	144.06	122.39	111.53	97.47	81.44	72.42
Long-Term Deferred Tax Liabilities	-	-	0.03	0.66	-	-
Total Liabilities	7,160	7,848	6,365	4,512	3,274	2,499
Common Stock	1,891	1,413	1,413	1,413	1,413	1,413
Additional Paid-In Capital	3,337	12,272	12,272	12,272	12,272	12,272
Retained Earnings	1,634	-8,231	-8,709	-9,052	-9,065	-8,571
Comprehensive Income & Other	513.05	805.72	855.53	925.25	764.03	225.89
Total Common Equity	7,375	6,260	5,831	5,558	5,384	5,340
Minority Interest	27.34	21.12	7.12	4.61	-14.75	-14.18
Shareholders' Equity	7,402	6,281	5,839	5,562	5,370	5,326
Total Liabilities & Equity	14,563	14,129	12,203	10,075	8,643	7,825
Total Debt	3,562	3,909	3,519	2,464	1,734	1,737
Net Cash (Debt)	-2,422	-3,130	-2,481	-2,195	-1,371	-311.52
Net Cash Per Share	-1.58	-2.21	-1.76	-1.55	-0.97	-0.22
Filing Date Shares Outstanding	1,891	1,413	1,413	1,413	1,413	1,413
Total Common Shares Outstanding	1,891	1,413	1,413	1,413	1,413	1,413
Working Capital	1,498	31.75	248.6	-496.94	867.05	1,394
Book Value Per Share	3.90	4.43	4.13	3.93	3.81	3.78
Tangible Book Value	7,375	6,259	5,830	5,558	5,318	5,339
Tangible Book Value Per Share	3.90	4.43	4.13	3.93	3.76	3.78
Land	-	20.05	20.19	20.39	19.72	17.72
Buildings	-	190.13	192.06	193.96	161.38	145.02
Machinery	-	12,383	11,373	11,592	10,864	10,008
Construction In Progress	-	7.41	183.23	39.26	23.39	-

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