ValueMax 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	46.53	16.81	15.47	10.99	14.6	11.82
Short-Term Investments	-	0.39	0.56	0.78	0.5	0.53
Cash & Short-Term Investments	46.53	17.2	16.03	11.76	15.1	12.35
Cash Growth	133.11%	7.25%	36.30%	-22.07%	22.27%	25.83%
Accounts Receivable	826.05	735.8	733.96	644.45	365.01	303.52
Other Receivables	-	2.79	2.02	1.82	2.08	2
Receivables	826.05	738.59	740.42	657.81	377.17	313.47
Inventory	117.28	114.96	115.43	98.63	78.23	74.08
Prepaid Expenses	3.54	3.61	3.08	2.11	1.46	0.88
Total Current Assets	993.4	874.35	874.97	770.31	471.96	400.77
Property, Plant & Equipment	56.04	51.46	38.78	35.53	36.09	34.78
Long-Term Investments	53.8	49.84	31.69	28.91	26.74	24.08
Other Intangible Assets	0.31	0.31	0.31	0.31	0.31	0.04
Long-Term Accounts Receivable	262.73	269.68	129.58	174.13	262.72	130.08
Long-Term Deferred Charges	-	-	-	-	0.13	0.28
Other Long-Term Assets	-	1.46	1.26	1.19	1.19	1.07
Total Assets	1,366	1,247	1,077	1,010	799.12	591.1
Accounts Payable	6.11	0.09	0.09	0.4	0.42	0.35
Accrued Expenses	-	9.63	8.05	5.65	5.24	4.46
Short-Term Debt	-	124.1	92.91	64.75	24.97	5.52
Current Portion of Long-Term Debt	699.37	519.49	474.48	515.33	381.65	264.49
Current Portion of Leases	5.4	5.13	4.4	4.75	4.36	3.81
Current Income Taxes Payable	15.94	14.42	9.74	8.2	7.38	6.97
Current Unearned Revenue	-	-	-	-	-	0.4
Other Current Liabilities	9.18	1.34	1.89	2.14	2.05	1.71
Total Current Liabilities	736.01	674.19	591.56	601.22	426.06	287.71
Long-Term Debt	57.99	46.34	49.39	33.3	39.06	41.92
Long-Term Leases	6.1	5.9	3.62	3.71	3.56	3.68
Long-Term Deferred Tax Liabilities	2.33	2.27	2.51	2.54	2.49	2.35
Other Long-Term Liabilities	0.6	0.61	0.59	0.6	0.55	0.47
Total Liabilities	803.04	729.31	647.67	641.37	471.72	336.11
Common Stock	215.65	191.57	168.33	145.09	133.75	91.97
Retained Earnings	351.63	328.66	264.92	226.7	195.41	164.37
Treasury Stock	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03
Comprehensive Income & Other	-9.64	-8.14	-9.79	-7.88	-6.81	-6.58
Total Common Equity	557.61	512.06	423.44	363.89	322.32	249.74
Minority Interest	5.64	5.73	5.48	5.12	5.08	5.25
Shareholders' Equity	563.25	517.79	428.92	369.01	327.41	254.99
Total Liabilities & Equity	1,366	1,247	1,077	1,010	799.12	591.1
Total Debt	768.87	700.95	624.81	621.84	453.6	319.41
Net Cash (Debt)	-722.35	-683.76	-608.78	-610.08	-438.5	-307.06
Net Cash Per Share	-0.76	-0.74	-0.81	-0.85	-0.67	-0.54
Filing Date Shares Outstanding	935.1	869.24	803.66	731.59	698.41	582.01
Total Common Shares Outstanding	935.1	868.21	803.66	731.59	698.41	582.01
Working Capital	257.39	200.16	283.4	169.09	45.9	113.06
Book Value Per Share	0.60	0.59	0.53	0.50	0.46	0.43
Tangible Book Value	557.3	511.75	423.13	363.58	322.01	249.7
Tangible Book Value Per Share	0.60	0.59	0.53	0.50	0.46	0.43
Machinery	-	7.48	7.36	6.78	6.42	5.57

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