Serial System Ltd (SGX:S69)

Serial System Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	36.61	37.47	38.31	37.08	35.98	50.96
Short-Term Investments	-	0.61	0.62	1.35	3.1	2.54
Trading Asset Securities	15.48	5.03	9.68	7.66	9.81	10.72
Cash & Short-Term Investments	52.09	43.11	48.61	46.08	48.88	64.22
Cash Growth	19.60%	-11.31%	5.47%	-5.73%	-23.88%	-22.94%
Accounts Receivable	185.66	182.75	162.46	153.12	169.9	159.14
Other Receivables	16.37	17.03	11.55	6.94	8.45	7.14
Receivables	202.03	199.78	174.01	160.06	178.35	169.65
Inventory	144.67	130.15	122.26	126.59	162.97	133.69
Prepaid Expenses	7	1.92	0.77	2.06	1.79	1.69
Other Current Assets	2.82	4.1	4.01	6.87	6.32	4.38
Total Current Assets	408.61	379.06	349.65	341.66	398.32	373.62
Property, Plant & Equipment	23.82	24.42	27.09	29.07	30.42	33.98
Long-Term Investments	24.29	24.94	23.13	15.15	15.8	16.22
Goodwill	3.06	3.06	3.12	3.16	3.14	3.13
Other Intangible Assets	0.27	0.33	0.3	0.42	0.38	0.35
Long-Term Accounts Receivable	8.53	11.93	-	-	-	-
Long-Term Deferred Tax Assets	1.77	1.87	1.52	1.71	0.87	1
Other Long-Term Assets	10.9	10.69	7.32	8.32	8.6	9.51
Total Assets	481.25	456.3	412.13	399.48	457.52	437.8

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	113.6	79.07	84.16	45.68	70.75	66.06
Short-Term Debt	1.04	137.6	122.69	140.34	148.98	125.38
Current Portion of Long-Term Debt	171.13	38.87	46.33	41.87	47.4	41.53
Current Portion of Leases	1.46	7.24	0.91	1.09	1.55	1.53
Current Income Taxes Payable	1.99	1.16	0.59	1.03	1.39	1.38
Current Unearned Revenue	10.65	5.5	3.61	8.18	9.83	5.9
Other Current Liabilities	23.8	23.23	15.65	15.97	20.29	16.42
Total Current Liabilities	323.66	292.68	273.95	254.16	300.19	258.2
Long-Term Debt	-	9.88	1.85	10.94	6.4	14.76
Long-Term Leases	13.49	12.43	1.18	1.05	0.87	2.02
Pension & Post-Retirement Benefits	0.47	0.37	0.21	0.3	0.2	0.4
Long-Term Deferred Tax Liabilities	1.67	1.67	1.55	1.2	1.23	1.03
Total Liabilities	339.28	317.03	278.74	267.65	308.89	276.4

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	72.65	72.65	72.65	72.65	72.65	72.65
Retained Earnings	54.17	52.37	50.08	49.56	64.39	72
Treasury Stock	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07
Comprehensive Income & Other	8.35	7.97	4.64	2.6	2.01	6.2
Total Common Equity	135.1	132.92	127.3	124.74	138.98	150.77
Minority Interest	6.86	6.35	6.09	7.1	9.65	10.62
Shareholders' Equity	141.97	139.27	133.39	131.83	148.63	161.4
Total Liabilities & Equity	481.25	456.3	412.13	399.48	457.52	437.8

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	187.11	206.02	172.97	195.29	205.19	185.21
Net Cash (Debt)	-135.02	-162.91	-124.36	-149.21	-156.31	-121
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.15	-0.18	-0.14	-0.16	-0.17	-0.13
Filing Date Shares Outstanding	904.84	904.84	904.84	904.84	904.84	904.84
Total Common Shares Outstanding	904.84	904.84	904.84	904.84	904.84	904.84
Working Capital	84.96	86.38	75.7	87.5	98.12	115.42
Book Value Per Share	0.15	0.15	0.14	0.14	0.15	0.17
Tangible Book Value	131.77	129.53	123.88	121.15	135.46	147.3
Tangible Book Value Per Share	0.15	0.14	0.14	0.13	0.15	0.16
Land	-	3.15	3.03	3.28	3.28	3.29
Buildings	-	30.69	32.39	36.25	35.64	45.78
Machinery	-	10.61	10.18	10.1	10.01	9.86

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 3, 2026

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