San Miguel Balance Sheet

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

Millions PHP. 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	343,681	293,677	261,358	318,214	300,030	347,209
Short-Term Investments	-	576	554	532	593	185
Trading Asset Securities	396	438	1,012	1,349	298	275
Cash & Short-Term Investments	344,077	294,691	262,924	320,095	300,921	347,669
Cash Growth	22.18%	12.08%	-17.86%	6.37%	-13.45%	21.20%
Accounts Receivable	149,817	181,543	175,327	160,330	87,839	61,915
Other Receivables	94,746	85,534	88,934	79,302	75,366	64,135
Receivables	244,563	267,077	264,261	239,632	163,205	126,050
Inventory	164,971	181,596	165,501	193,611	144,315	106,223
Prepaid Expenses	110,074	126,725	114,435	101,276	88,588	83,377
Restricted Cash	25,321	18,422	14,076	17,411	10,872	3,111
Other Current Assets	2,048	11,923	10,205	12,273	6,941	5,981
Total Current Assets	891,054	900,434	831,402	884,298	714,842	672,411
Property, Plant & Equipment	844,010	947,387	873,488	834,945	741,608	691,986
Long-Term Investments	165,442	50,036	43,128	42,032	64,639	63,032
Goodwill	185,626	184,994	182,791	184,100	130,081	129,733
Other Intangible Assets	352,242	340,496	306,638	249,321	190,979	169,532
Long-Term Accounts Receivable	66,126	56,028	39,138	-	-	-
Long-Term Deferred Tax Assets	22,514	22,045	19,633	22,554	17,141	20,946
Long-Term Deferred Charges	-	20,643	17,484	17,457	46,362	42,172
Other Long-Term Assets	173,730	154,867	145,663	157,118	146,001	122,395
Total Assets	2,700,744	2,676,930	2,459,365	2,391,825	2,051,653	1,912,207
Accounts Payable	251,991	122,128	104,272	110,745	91,636	68,601
Accrued Expenses	-	12,490	11,999	11,569	10,146	9,761
Short-Term Debt	229,347	293,230	214,881	267,704	190,779	140,645
Current Portion of Long-Term Debt	128,347	94,142	236,817	170,051	88,876	74,521
Current Portion of Leases	7,357	11,736	19,631	21,020	23,423	25,759
Current Income Taxes Payable	39,932	43,628	46,254	37,694	23,102	20,998
Current Unearned Revenue	-	77	58	60	57	65
Other Current Liabilities	6,260	159,484	111,312	108,770	97,017	79,034
Total Current Liabilities	663,234	736,915	745,224	727,613	525,036	419,384
Long-Term Debt	1,223,127	1,173,572	954,225	918,583	725,558	693,354
Long-Term Leases	29,546	30,809	36,941	54,455	71,569	91,278
Pension & Post-Retirement Benefits	-	12,380	10,652	9,539	6,843	6,734
Long-Term Deferred Tax Liabilities	29,333	34,861	29,503	26,297	28,742	27,749
Other Long-Term Liabilities	22,983	11,952	17,654	16,186	12,666	18,620
Total Liabilities	1,968,223	2,000,489	1,794,199	1,752,673	1,370,414	1,257,119
Common Stock	16,443	16,443	16,443	16,443	16,443	16,443
Additional Paid-In Capital	177,442	177,442	177,468	177,719	177,719	177,719
Retained Earnings	215,939	169,262	190,321	200,243	224,337	222,359
Treasury Stock	-126,413	-109,763	-109,763	-156,763	-144,363	-110,146
Comprehensive Income & Other	11,706	18,936	31,565	36,964	42,307	38,302
Total Common Equity	295,117	272,320	306,034	274,606	316,443	344,677
Minority Interest	427,217	393,934	348,945	354,359	354,609	300,224
Shareholders' Equity	732,521	676,441	665,166	639,152	681,239	655,088
Total Liabilities & Equity	2,700,744	2,676,930	2,459,365	2,391,825	2,051,653	1,912,207
Total Debt	1,617,724	1,603,489	1,462,495	1,431,813	1,100,205	1,025,557
Net Cash (Debt)	-1,273,647	-1,308,798	-1,199,571	-1,111,718	-799,284	-677,888
Net Cash Per Share	-534.25	-548.99	-503.18	-466.32	-335.27	-284.35
Filing Date Shares Outstanding	2,384	2,384	2,384	2,384	2,384	2,384
Total Common Shares Outstanding	2,384	2,384	2,384	2,384	2,384	2,384
Working Capital	227,820	163,519	86,178	156,685	189,806	253,027
Book Value Per Share	123.80	114.23	128.38	115.19	132.74	144.59
Tangible Book Value	-242,751	-253,170	-183,395	-158,815	-4,617	45,412
Tangible Book Value Per Share	-101.83	-106.20	-76.93	-66.62	-1.94	19.05
Land	62,964	65,482	58,324	50,446	43,857	41,964
Buildings	112,544	99,413	90,149	80,797	61,641	58,554
Machinery	820,723	849,719	689,309	640,510	552,393	523,137
Construction In Progress	136,292	192,015	198,352	194,022	144,461	99,655
Leasehold Improvements	19,410	17,063	12,655	9,945	8,554	7,560

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