Paper Converting Co. Balance Sheet

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

Millions MUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	0.29	0.97	0.37	16.67
Cash & Short-Term Investments	-	0.29	0.97	0.37	16.67
Cash Growth	-	-69.98%	163.84%	-97.79%	2117.12%
Accounts Receivable	-	152.88	123.23	112.7	102.44
Other Receivables	-	34.48	38.53	63.83	39.56
Receivables	-	187.37	161.76	176.53	142
Inventory	-	76.46	89.78	77.48	61.8
Prepaid Expenses	-	0.04	2.15	3.14	1.09
Other Current Assets	200.55	-	-	-	13.47
Total Current Assets	200.55	264.16	254.67	257.52	235.03
Property, Plant & Equipment	-	417.07	382.46	179.74	176.25
Long-Term Investments	-	114.5	62.53	0.45	0.45
Other Long-Term Assets	616.79	-	-	169.3	169.3
Total Assets	817.34	795.73	699.66	607.01	581.03
Accounts Payable	-	80	52.02	77.52	57.41
Accrued Expenses	-	-	-	-	17.41
Short-Term Debt	-	146.1	111.14	88.08	67.02
Current Portion of Long-Term Debt	-	8.1	27.11	15.94	24.05
Current Portion of Leases	-	9.49	3.02	2.07	4.83
Current Income Taxes Payable	-	1.99	3.93	1.7	1.87
Other Current Liabilities	291.64	30.37	23.66	27.05	16.18
Total Current Liabilities	291.64	276.05	220.87	212.37	188.76
Long-Term Debt	-	94.43	81.32	44.3	54.55
Long-Term Leases	-	33.29	14.68	12.26	7.09
Pension & Post-Retirement Benefits	-	2.34	3.88	4.62	4.84
Long-Term Deferred Tax Liabilities	-	18.18	16.02	17.3	17.48
Other Long-Term Liabilities	140.19	-	-	-	-
Total Liabilities	431.83	424.28	336.78	290.85	272.72
Common Stock	100	100	100	50	50
Additional Paid-In Capital	14.9	14.9	14.9	14.9	14.9
Retained Earnings	183.76	171.81	165.46	155.95	147.92
Comprehensive Income & Other	86.22	84.02	82.92	95.49	95.49
Total Common Equity	384.88	370.73	363.28	316.33	308.31
Minority Interest	0.63	0.72	-0.41	-0.17	-
Shareholders' Equity	385.51	371.45	362.87	316.16	308.31
Total Liabilities & Equity	817.34	795.73	699.66	607.01	581.03
Total Debt	-	291.39	237.27	162.66	157.53
Net Cash (Debt)	-	-291.1	-236.29	-162.29	-140.86
Net Cash Per Share	-	-29.11	-23.63	-16.23	-14.09
Filing Date Shares Outstanding	10	10	10	10	10
Total Common Shares Outstanding	10	10	10	10	10
Working Capital	-91.09	-11.89	33.8	45.15	46.27
Book Value Per Share	38.49	37.07	36.33	31.63	30.83
Tangible Book Value	384.88	370.73	363.28	316.33	308.31
Tangible Book Value Per Share	38.49	37.07	36.33	31.63	30.83
Land	-	50.3	49.2	31.28	31.28
Buildings	-	292.19	291.5	118.1	118.1
Machinery	-	322.22	285.05	284.11	275.28

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