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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-	0.26	0.29	0.97	0.37	16.67
Cash & Short-Term Investments	-	0.26	0.29	0.97	0.37	16.67
Cash Growth	-	-12.34%	-69.98%	163.84%	-97.79%	2117.12%
Accounts Receivable	-	65.89	152.88	123.23	112.7	102.44
Other Receivables	-	66.89	34.48	38.53	63.83	39.56
Receivables	-	132.78	187.37	161.76	176.53	142
Inventory	-	67.47	76.46	89.78	77.48	61.8
Prepaid Expenses	-	0.04	0.04	2.15	3.14	1.09
Other Current Assets	203.1	-	-	-	-	13.47
Total Current Assets	203.1	200.55	264.16	254.67	257.52	235.03
Property, Plant & Equipment	-	410.34	417.07	382.46	179.74	176.25
Long-Term Investments	-	206.45	114.5	62.53	0.45	0.45
Other Long-Term Assets	648.69	-	-	-	169.3	169.3
Total Assets	851.79	817.34	795.73	699.66	607.01	581.03
Accounts Payable	-	116.44	80	52.02	77.52	57.41
Accrued Expenses	-	-	-	-	-	17.41
Short-Term Debt	-	149.58	146.1	111.14	88.08	67.02
Current Portion of Long-Term Debt	-	14.14	8.1	27.11	15.94	24.05
Current Portion of Leases	-	8.45	9.49	3.02	2.07	4.83
Current Income Taxes Payable	-	2.71	1.99	3.93	1.7	1.87
Other Current Liabilities	289.88	0.32	30.37	23.66	27.05	16.18
Total Current Liabilities	289.88	291.64	276.05	220.87	212.37	188.76
Long-Term Debt	-	97.27	94.43	81.32	44.3	54.55
Long-Term Leases	-	21.78	33.29	14.68	12.26	7.09
Pension & Post-Retirement Benefits	-	1.37	2.34	3.88	4.62	4.84
Long-Term Deferred Tax Liabilities	-	19.78	18.18	16.02	17.3	17.48
Other Long-Term Liabilities	145.27	-	-	-	-	-
Total Liabilities	435.14	431.83	424.28	336.78	290.85	272.72
Common Stock	100	100	100	100	50	50
Additional Paid-In Capital	14.9	14.9	14.9	14.9	14.9	14.9
Retained Earnings	215.52	183.76	171.81	165.46	155.95	147.92
Comprehensive Income & Other	86.22	86.22	84.02	82.92	95.49	95.49
Total Common Equity	416.65	384.88	370.73	363.28	316.33	308.31
Minority Interest	-	0.63	0.72	-0.41	-0.17	-
Shareholders' Equity	416.65	385.51	371.45	362.87	316.16	308.31
Total Liabilities & Equity	851.79	817.34	795.73	699.66	607.01	581.03
Total Debt	-	291.21	291.39	237.27	162.66	157.53
Net Cash (Debt)	-	-290.96	-291.1	-236.29	-162.29	-140.86
Net Cash Per Share	-	-29.10	-29.11	-23.63	-16.23	-14.09
Filing Date Shares Outstanding	10	10	10	10	10	10
Total Common Shares Outstanding	10	10	10	10	10	10
Working Capital	-86.78	-91.09	-11.89	33.8	45.15	46.27
Book Value Per Share	41.66	38.49	37.07	36.33	31.63	30.83
Tangible Book Value	416.65	384.88	370.73	363.28	316.33	308.31
Tangible Book Value Per Share	41.66	38.49	37.07	36.33	31.63	30.83
Land	-	52.8	50.3	49.2	31.28	31.28
Buildings	-	292.19	292.19	291.5	118.1	118.1
Machinery	-	286.7	293.4	285.05	284.11	275.28