ZICO Holdings Inc. (SGX:40W)

ZICO Holdings Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	8.12	8.84	3.7	4.73	5.17	5.88
Short-Term Investments	-	0.4	0.42	0.85	5.21	0.81
Cash & Short-Term Investments	8.12	9.24	4.12	5.58	10.38	6.68
Cash Growth	97.13%	124.31%	-26.23%	-46.26%	55.35%	36.42%
Accounts Receivable	7.72	5	5.94	6.34	9.14	9.89
Other Receivables	0.06	2.09	1.85	2.31	4.81	3.28
Receivables	7.78	7.09	7.79	8.65	13.95	13.17
Prepaid Expenses	0.5	0.34	0.46	0.59	0.9	0.2
Restricted Cash	-	0	0	0	0	0
Other Current Assets	0	0.04	0.84	0.74	1.22	0.99
Total Current Assets	16.4	16.7	13.2	15.56	26.46	21.05
Property, Plant & Equipment	1.97	1.57	2.24	3.23	3.66	1.28
Long-Term Investments	1.23	3.66	0.93	0.69	0.52	5.28
Goodwill	7.02	7.02	7.52	7.56	7.32	7.4
Other Intangible Assets	0.97	1.01	1.2	1.42	1.76	2.42
Long-Term Accounts Receivable	10.34	8.04	10.02	9.7	10.5	11.17
Long-Term Deferred Tax Assets	1.99	1.98	2.52	2.53	3.44	2.77
Other Long-Term Assets	-	2.21	2.66	3.58	3.82	3.76
Total Assets	39.91	42.2	42.1	45.93	59.47	57.23

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.08	0.43	0.63	0.58	0.61	0.59
Accrued Expenses	0.03	1.83	1.48	1.47	1.35	0.94
Short-Term Debt	1.91	3.07	2.57	7.29	9.26	10.66
Current Portion of Long-Term Debt	3.9	4.09	6.6	1.04	1.07	0.99
Current Portion of Leases	0.99	0.94	0.93	0.78	0.45	0.59
Current Income Taxes Payable	0.94	1.04	1.16	1.04	1.03	1.46
Current Unearned Revenue	1.05	0.96	1.25	1.11	1.17	0.77
Other Current Liabilities	-	0.27	1.34	0.88	4.66	3.23
Total Current Liabilities	10.91	12.64	15.95	14.18	19.58	19.24
Long-Term Debt	0.3	0.3	0.34	1.41	2.06	3.18
Long-Term Leases	0.86	0.54	1.07	2.06	2.58	0.08
Pension & Post-Retirement Benefits	-	0.02	0.01	-	0.06	0.09
Long-Term Deferred Tax Liabilities	0.13	0.14	0.17	0.2	0.23	0.23
Other Long-Term Liabilities	0.05	0.03	0.03	0.03	0.05	0.02
Total Liabilities	12.24	13.66	17.57	17.89	24.57	22.84

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	41.76	41.76	41.73	39.67	31.56	30.84
Retained Earnings	-4.57	-5.32	-9.66	-3.84	2.28	3.01
Comprehensive Income & Other	-9.05	-7.36	-7.47	-7.91	0.47	0.18
Total Common Equity	28.14	29.09	24.6	27.92	34.31	34.03
Minority Interest	-0.48	-0.55	-0.08	0.12	0.59	0.36
Shareholders' Equity	27.66	28.54	24.53	28.05	34.9	34.39
Total Liabilities & Equity	39.91	42.2	42.1	45.93	59.47	57.23

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	7.97	8.94	11.51	12.59	15.41	15.51
Net Cash (Debt)	0.15	0.3	-7.39	-7	-5.03	-8.82
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.00	0.00	-0.02	-0.02	-0.01	-0.03
Filing Date Shares Outstanding	410.57	410.57	409.77	379.89	349.89	327.46
Total Common Shares Outstanding	410.57	410.57	409.77	379.89	349.46	327.04
Working Capital	5.49	4.07	-2.75	1.38	6.87	1.81
Book Value Per Share	0.07	0.07	0.06	0.07	0.10	0.10
Tangible Book Value	20.16	21.06	15.88	18.94	25.23	24.22
Tangible Book Value Per Share	0.05	0.05	0.04	0.05	0.07	0.07
Machinery	2.03	2.02	2.15	2.1	2.22	2.62
Leasehold Improvements	0.67	0.67	0.83	0.81	1.47	1.74

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

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:

Aug 12, 2026

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