Paper Converting Co. Balance Sheet

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

Millions MUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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	-	0.29	0.97	0.37	16.67	0.75
Cash & Short-Term Investments	-	0.29	0.97	0.37	16.67	0.75
Cash Growth	-	-69.98%	163.84%	-97.79%	2117.12%	-94.64%
Accounts Receivable	-	152.88	123.23	112.7	102.44	97.67
Other Receivables	-	34.48	38.53	63.83	39.56	48.82
Receivables	-	187.37	161.76	176.53	142	146.49
Inventory	-	76.46	89.78	77.48	61.8	45.08
Prepaid Expenses	-	0.04	2.15	3.14	1.09	1.1
Other Current Assets	228.17	-	-	-	13.47	-
Total Current Assets	228.17	264.16	254.67	257.52	235.03	193.42
Property, Plant & Equipment	-	417.07	382.46	179.74	176.25	190.24
Long-Term Investments	-	114.5	62.53	0.45	0.45	0.74
Other Long-Term Assets	649.21	-	-	169.3	169.3	169.3
Total Assets	877.38	795.73	699.66	607.01	581.03	553.7
Accounts Payable	-	80	52.02	77.52	57.41	45.45
Accrued Expenses	-	-	-	-	17.41	29.82
Short-Term Debt	-	146.1	111.14	88.08	67.02	71.27
Current Portion of Long-Term Debt	-	8.1	27.11	15.94	24.05	13.92
Current Portion of Leases	-	9.49	3.02	2.07	4.83	3.98
Current Income Taxes Payable	-	1.99	3.93	1.7	1.87	0.97
Other Current Liabilities	323.91	30.37	23.66	27.05	16.18	10.16
Total Current Liabilities	323.91	276.05	220.87	212.37	188.76	175.56
Long-Term Debt	-	94.43	81.32	44.3	54.55	48.5
Long-Term Leases	-	33.29	14.68	12.26	7.09	3.95
Pension & Post-Retirement Benefits	-	2.34	3.88	4.62	4.84	3.35
Long-Term Deferred Tax Liabilities	-	18.18	16.02	17.3	17.48	17.21
Other Long-Term Liabilities	147.02	-	-	-	-	-
Total Liabilities	470.93	424.28	336.78	290.85	272.72	248.58
Common Stock	406.45	100	100	50	50	50
Additional Paid-In Capital	-	14.9	14.9	14.9	14.9	14.9
Retained Earnings	-	171.81	165.46	155.95	147.92	144.84
Comprehensive Income & Other	-	84.02	82.92	95.49	95.49	95.49
Total Common Equity	406.45	370.73	363.28	316.33	308.31	305.23
Minority Interest	-	0.72	-0.41	-0.17	-	-0.1
Shareholders' Equity	406.45	371.45	362.87	316.16	308.31	305.12
Total Liabilities & Equity	877.38	795.73	699.66	607.01	581.03	553.7
Total Debt	-	291.39	237.27	162.66	157.53	141.62
Net Cash (Debt)	-	-291.1	-236.29	-162.29	-140.86	-140.87
Net Cash Per Share	-	-29.11	-23.63	-16.23	-14.09	-14.09
Filing Date Shares Outstanding	10	10	10	10	10	10
Total Common Shares Outstanding	10	10	10	10	10	10
Working Capital	-95.74	-11.89	33.8	45.15	46.27	17.85
Book Value Per Share	40.65	37.07	36.33	31.63	30.83	30.52
Tangible Book Value	406.45	370.73	363.28	316.33	308.31	305.23
Tangible Book Value Per Share	40.65	37.07	36.33	31.63	30.83	30.52
Land	-	50.3	49.2	31.28	31.28	31.28
Buildings	-	292.19	291.5	118.1	118.1	118.1
Machinery	-	322.22	285.05	284.11	275.28	280.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.