QAF Limited 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	214.06	209.4	215.68	216.79	88.71
Cash & Short-Term Investments	214.06	209.4	215.68	216.79	88.71
Cash Growth	2.22%	-2.91%	-0.51%	144.40%	9.03%
Accounts Receivable	92.19	89.61	93.68	78.51	79.45
Other Receivables	15.2	13.48	14.48	16.13	24.68
Receivables	107.39	103.09	108.17	94.65	104.13
Inventory	57.58	58.23	54.01	54.33	50.9
Prepaid Expenses	2.9	3.35	2.65	6.99	7.19
Other Current Assets	2.06	5.91	7.58	1.71	307.93
Total Current Assets	383.99	379.98	388.08	374.47	558.86
Property, Plant & Equipment	218.63	231.52	230.36	222.61	239.81
Long-Term Investments	59.66	48.17	46.61	64.31	75.05
Other Intangible Assets	0.1	0.11	0.15	0.17	0.17
Long-Term Deferred Tax Assets	6.25	4.49	3.96	3.2	4.28
Total Assets	668.63	664.28	669.16	664.76	878.16
Accounts Payable	65.12	61.09	56.3	57.54	61.7
Accrued Expenses	34.2	37.67	39.52	37.17	36.42
Short-Term Debt	3.2	5.19	17.56	0.68	2.94
Current Portion of Long-Term Debt	1.56	4.72	6.03	6.02	4.53
Current Portion of Leases	2.34	3.68	2.18	3.37	3.33
Current Income Taxes Payable	4.81	4.51	4.63	2.6	3.24
Current Unearned Revenue	0.67	0.67	0.69	0.91	0.68
Other Current Liabilities	12.22	11.62	14.95	11.1	172.7
Total Current Liabilities	124.13	129.15	141.84	119.38	285.53
Long-Term Debt	-	1.7	6.42	14.15	25.57
Long-Term Leases	16.06	16.68	16.74	17.53	20.59
Long-Term Unearned Revenue	0.86	1.55	2.25	3.04	3.7
Pension & Post-Retirement Benefits	7.85	7.03	6.98	5.64	5.44
Long-Term Deferred Tax Liabilities	7.43	7.13	6.44	5.56	5
Total Liabilities	156.33	163.24	180.68	165.3	345.83
Common Stock	277.04	277.04	277.04	277.04	277.04
Retained Earnings	259.94	249.03	243.19	245.41	267.66
Comprehensive Income & Other	-26.7	-26.39	-33.38	-24.74	-14.15
Total Common Equity	510.29	499.68	486.85	497.71	530.55
Minority Interest	2.02	1.36	1.63	1.75	1.77
Shareholders' Equity	512.3	501.04	488.48	499.46	532.33
Total Liabilities & Equity	668.63	664.28	669.16	664.76	878.16
Total Debt	23.16	31.97	48.92	41.75	56.96
Net Cash (Debt)	190.9	177.44	166.75	175.04	31.75
Net Cash Growth	7.59%	6.41%	-4.73%	451.31%	216.46%
Net Cash Per Share	0.33	0.31	0.29	0.30	0.06
Filing Date Shares Outstanding	575.27	575.27	575.27	575.27	575.27
Total Common Shares Outstanding	575.27	575.27	575.27	575.27	575.27
Working Capital	259.86	250.84	246.24	255.08	273.33
Book Value Per Share	0.89	0.87	0.85	0.87	0.92
Tangible Book Value	510.19	499.57	486.7	497.54	530.39
Tangible Book Value Per Share	0.89	0.87	0.85	0.86	0.92
Land	14.87	15.29	15.36	15.62	17.13
Buildings	8.77	8.58	8.81	9.04	9.7
Machinery	330.85	328.62	333.76	306.59	324.4
Construction In Progress	1.36	2.95	1.57	14.05	6.95
Leasehold Improvements	44.93	43.35	42.81	40.26	38.55

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.