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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	55.71	110.17	97.47	104.24	82.78	93.7
Short-Term Investments	8.25	10.92	5.93	-	-	-
Cash & Short-Term Investments	63.96	121.09	103.4	104.24	82.78	93.7
Cash Growth	-33.74%	17.11%	-0.80%	25.92%	-11.65%	29.98%
Accounts Receivable	77.72	73.2	85.06	82.98	97.65	112.59
Receivables	77.72	73.2	85.06	82.98	97.65	112.59
Inventory	24.18	24.59	22.1	21.25	27.67	42.68
Total Current Assets	165.86	218.88	210.56	208.46	208.11	248.98
Property, Plant & Equipment	85.68	86.52	87.38	93.06	95.03	87.31
Long-Term Investments	17.22	22.29	26.53	16.16	-	-
Goodwill	1.03	1.01	1.03	1.02	1.07	1.17
Long-Term Accounts Receivable	0.2	0.2	0.22	0.21	0.02	0.04
Long-Term Deferred Tax Assets	1.05	2.17	2.79	2.98	3.66	3.64
Total Assets	271.04	331.07	328.5	321.89	307.88	341.13
Accounts Payable	36.2	19.88	21.63	20.46	23.84	31.49
Accrued Expenses	-	10.7	12.71	12.84	14.4	16.14
Short-Term Debt	22.61	31.04	28.89	35.13	43.18	48.67
Current Portion of Long-Term Debt	30.42	26.3	31.78	33.76	12.76	31.54
Current Portion of Leases	0.55	0.52	0.52	0.45	0.41	1.01
Current Income Taxes Payable	0.86	0.84	1.65	0.81	0.71	1.21
Current Unearned Revenue	0.22	0.22	0.25	0.27	0.28	0.3
Other Current Liabilities	-	5.97	6.79	4.18	4.59	5.41
Total Current Liabilities	90.85	95.46	104.23	107.89	100.16	135.77
Long-Term Debt	-	3.35	-	-	-	3.82
Long-Term Leases	5.94	6.11	6.36	6.38	6.53	0.51
Long-Term Unearned Revenue	0.62	0.71	0.94	1.19	1.3	1.72
Long-Term Deferred Tax Liabilities	2.46	2.86	3.49	3.6	2.9	3.31
Total Liabilities	99.86	108.49	115.02	119.07	110.89	145.12
Common Stock	31.44	31.44	31.44	31.44	31.44	31.44
Retained Earnings	135.98	191.54	180.94	169.97	158.99	144.61
Comprehensive Income & Other	-8.16	-11.41	-9.97	-9.96	-5.23	7.32
Total Common Equity	159.26	211.56	202.41	191.46	185.2	183.36
Minority Interest	11.91	11.02	11.07	11.36	11.79	12.65
Shareholders' Equity	171.18	222.59	213.47	202.82	196.99	196.01
Total Liabilities & Equity	271.04	331.07	328.5	321.89	307.88	341.13
Total Debt	59.51	67.3	67.55	75.73	62.87	85.53
Net Cash (Debt)	4.44	53.79	35.85	28.52	19.91	8.17
Net Cash Growth	-87.10%	50.04%	25.72%	43.19%	143.78%	22.00%
Net Cash Per Share	0.03	0.34	0.23	0.18	0.13	0.05
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	75.01	123.42	106.33	100.57	107.95	113.21
Book Value Per Share	1.01	1.35	1.29	1.22	1.18	1.17
Tangible Book Value	158.23	210.55	201.38	190.43	184.14	182.2
Tangible Book Value Per Share	1.01	1.34	1.28	1.21	1.17	1.16
Land	-	74.25	75.06	65	67.73	59.89
Machinery	-	105.96	104.78	103.34	104.31	109.12
Construction In Progress	-	1.36	0.29	10.22	5.06	5.09