QES Group Berhad (KLSE:QES)

QES Group Berhad Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	87.87	78.7	80.77	71.35	25.51	55
Short-Term Investments	22.21	0.54	0.42	5.32	17.97	3.74
Trading Asset Securities	-	-	-	-	40.1	34.23
Cash & Short-Term Investments	110.08	79.25	81.19	76.67	83.57	92.97
Cash Growth	22.19%	-2.40%	5.90%	-8.26%	-10.10%	82.58%
Accounts Receivable	66.99	79.36	61.09	59.96	52.59	32.67
Other Receivables	1.21	2.61	4.35	4.84	2.25	2.66
Receivables	68.2	81.97	65.45	64.79	54.84	35.32
Inventory	35.18	30.66	35.2	27.26	20.74	18.85
Prepaid Expenses	-	1.82	1.16	1.4	2.16	1.92
Other Current Assets	0.35	24.39	25.86	22.33	23.33	18.95
Total Current Assets	213.81	218.09	208.87	192.45	184.64	168.01
Property, Plant & Equipment	92.91	82.52	53.44	46.43	35.85	15.28
Long-Term Investments	1.78	2.11	1.96	1.9	1.03	-
Goodwill	-	3.38	3.38	3.38	3.38	3.38
Other Intangible Assets	9.32	0.04	0.03	0.03	0.03	0.03
Long-Term Deferred Tax Assets	2.25	1.15	1.06	0.58	0.99	1.14
Long-Term Deferred Charges	-	6.83	7.06	6.13	4.23	3.51
Total Assets	320.07	314.11	275.79	250.89	230.14	191.34
Accounts Payable	42.15	25.77	20.62	24.01	26.57	17.51
Accrued Expenses	-	19.13	20.39	22.06	17.09	10.34
Short-Term Debt	17.64	16.48	15.94	6.37	9.6	10.9
Current Portion of Long-Term Debt	2.16	1.5	0.72	0.64	0.66	0.59
Current Portion of Leases	0.91	0.83	0.94	0.88	0.74	1.41
Current Income Taxes Payable	2.31	1.73	2.02	2.06	1.3	0.88
Current Unearned Revenue	13.61	14.32	12.56	10.47	15.19	8.16
Other Current Liabilities	0.43	6.65	2.28	2.28	2.01	1.38
Total Current Liabilities	79.2	86.4	75.47	68.76	73.16	51.18
Long-Term Debt	42.27	34.09	17.72	16.04	16.66	17.26
Long-Term Leases	3.09	2.55	1.22	1.06	0.67	3.1
Pension & Post-Retirement Benefits	2.25	2.01	1.91	1.46	1.3	1.07
Long-Term Deferred Tax Liabilities	0.41	1.04	1.1	0.93	0.47	0.03
Total Liabilities	127.22	126.09	97.42	88.26	92.26	72.64
Common Stock	80.78	80.78	80.78	80.78	80.78	80.78
Retained Earnings	131.37	124.84	113.72	99.45	76.35	57.67
Comprehensive Income & Other	-22.51	-21.49	-20.42	-21.25	-21.42	-21.16
Total Common Equity	189.34	184.13	174.07	158.98	135.71	117.28
Minority Interest	3.52	3.9	4.29	3.66	2.17	1.42
Shareholders' Equity	192.86	188.02	178.36	162.63	137.88	118.7
Total Liabilities & Equity	320.07	314.11	275.79	250.89	230.14	191.34
Total Debt	66.07	55.45	36.54	24.99	28.33	33.26
Net Cash (Debt)	44.01	23.8	44.66	51.69	55.25	59.71
Net Cash Growth	-11.25%	-46.71%	-13.60%	-6.44%	-7.47%	75.83%
Net Cash Per Share	0.05	0.03	0.05	0.06	0.07	0.08
Filing Date Shares Outstanding	833.32	834.14	834.14	834.14	834.14	834.14
Total Common Shares Outstanding	833.32	834.14	834.14	834.14	834.14	834.14
Working Capital	134.61	131.68	133.4	123.69	111.48	116.82
Book Value Per Share	0.23	0.22	0.21	0.19	0.16	0.14
Tangible Book Value	180.01	180.7	170.67	155.57	132.3	113.87
Tangible Book Value Per Share	0.22	0.22	0.20	0.19	0.16	0.14
Land	-	16.28	15.56	15.56	-	-
Buildings	-	35.29	10.22	10.13	-	-
Machinery	-	51.78	39.67	34.79	32.17	29.99
Construction In Progress	-	-	-	-	22.97	-

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