Tat Seng Packaging Group Balance Sheet

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	90.76	97.47	104.24	82.78	93.7	72.09
Short-Term Investments	5.76	5.93	-	-	-	-
Cash & Short-Term Investments	96.52	103.4	104.24	82.78	93.7	72.09
Cash Growth	-1.11%	-0.80%	25.92%	-11.65%	29.98%	39.05%
Accounts Receivable	76.57	85.06	82.98	97.65	112.59	103.2
Receivables	76.57	85.06	82.98	97.65	112.59	103.2
Inventory	20.68	22.1	21.25	27.67	42.68	29.07
Total Current Assets	193.77	210.56	208.46	208.11	248.98	204.36
Property, Plant & Equipment	82.93	87.38	93.06	95.03	87.31	86.46
Long-Term Investments	29.56	26.53	16.16	-	-	-
Goodwill	0.98	1.03	1.02	1.07	1.17	1.12
Long-Term Accounts Receivable	0.21	0.22	0.21	0.02	0.04	0.15
Long-Term Deferred Tax Assets	2.64	2.79	2.98	3.66	3.64	3.34
Total Assets	310.09	328.5	321.89	307.88	341.13	295.42
Accounts Payable	31.04	21.63	20.46	23.84	31.49	31.35
Accrued Expenses	-	12.71	12.84	14.4	16.14	16.56
Short-Term Debt	-	60.68	35.13	43.18	48.67	38.32
Current Portion of Long-Term Debt	55.42	-	33.76	12.76	31.54	13.52
Current Portion of Leases	0.52	0.52	0.45	0.41	1.01	1.92
Current Income Taxes Payable	1.21	1.65	0.81	0.71	1.21	0.87
Current Unearned Revenue	0.23	0.25	0.27	0.28	0.3	0.42
Other Current Liabilities	-	6.79	4.18	4.59	5.41	5.31
Total Current Liabilities	88.41	104.23	107.89	100.16	135.77	108.25
Long-Term Debt	-	6.36	6.38	-	3.82	10.24
Long-Term Leases	6.14	-	-	6.53	0.51	1.4
Long-Term Unearned Revenue	0.8	0.94	1.19	1.3	1.72	1.93
Long-Term Deferred Tax Liabilities	3.26	3.49	3.6	2.9	3.31	3
Total Liabilities	98.6	115.02	119.07	110.89	145.12	124.82
Common Stock	31.44	31.44	31.44	31.44	31.44	31.44
Retained Earnings	183.32	180.94	169.97	158.99	144.61	126.8
Comprehensive Income & Other	-14.25	-9.97	-9.96	-5.23	7.32	1.62
Total Common Equity	200.51	202.41	191.46	185.2	183.36	159.85
Minority Interest	10.98	11.07	11.36	11.79	12.65	10.75
Shareholders' Equity	211.49	213.47	202.82	196.99	196.01	170.6
Total Liabilities & Equity	310.09	328.5	321.89	307.88	341.13	295.42
Total Debt	62.07	67.55	75.73	62.87	85.53	65.39
Net Cash (Debt)	34.45	35.85	28.52	19.91	8.17	6.7
Net Cash Growth	60.04%	25.72%	43.19%	143.78%	22.00%	-
Net Cash Per Share	0.22	0.23	0.18	0.13	0.05	0.04
Filing Date Shares Outstanding	157.2	157.2	157.2	157.2	157.2	157.2
Total Common Shares Outstanding	157.2	157.2	157.2	157.2	157.2	157.2
Working Capital	105.36	106.33	100.57	107.95	113.21	96.11
Book Value Per Share	1.28	1.29	1.22	1.18	1.17	1.02
Tangible Book Value	199.53	201.38	190.43	184.14	182.2	158.74
Tangible Book Value Per Share	1.27	1.28	1.21	1.17	1.16	1.01
Land	-	75.06	65	67.73	59.89	56.53
Machinery	-	104.78	103.34	104.31	109.12	101.12
Construction In Progress	-	0.29	10.22	5.06	5.09	3.7

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