SM Investments 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	85,776	112,528	103,746	106,561	89,353	78,661
Short-Term Investments	791.59	794.43	747.84	534.87	547.04	599.16
Cash & Short-Term Investments	86,568	113,322	104,493	107,096	89,900	79,260
Cash Growth	-17.12%	8.45%	-2.43%	19.13%	13.42%	3.10%
Accounts Receivable	106,810	90,999	78,206	83,612	75,514	62,279
Other Receivables	10,025	18,493	14,769	15,305	16,665	-
Receivables	116,835	109,492	92,976	98,917	92,179	62,279
Inventory	124,288	121,595	119,199	107,941	87,799	72,056
Prepaid Expenses	17,721	17,359	20,540	19,881	18,482	-
Other Current Assets	26,768	22,031	22,263	27,715	18,008	43,722
Total Current Assets	372,181	383,800	359,471	361,549	306,368	257,317
Property, Plant & Equipment	109,424	106,542	101,392	92,020	90,251	72,339
Long-Term Investments	503,338	475,086	460,356	431,443	395,758	325,406
Goodwill	34,259	34,259	34,148	34,148	33,771	-
Other Intangible Assets	6,127	6,127	6,127	6,454	7,342	33,733
Long-Term Accounts Receivable	74,302	79,064	70,600	48,930	49,519	-
Long-Term Deferred Tax Assets	6,037	5,459	6,462	5,210	4,877	-
Long-Term Deferred Charges	6,976	5,569	2,779	-	-	-
Other Long-Term Assets	649,198	603,145	544,882	499,672	469,549	554,105
Total Assets	1,761,841	1,699,052	1,586,219	1,479,426	1,362,807	1,242,899
Accounts Payable	106,564	125,209	116,682	100,815	88,828	154,639
Accrued Expenses	39,280	37,408	34,516	33,457	29,232	-
Short-Term Debt	18,995	24,074	13,414	20,812	27,167	24,126
Current Portion of Long-Term Debt	126,040	104,628	113,529	87,047	63,707	60,121
Current Portion of Leases	3,367	3,196	2,977	3,153	2,590	-
Current Income Taxes Payable	3,276	4,093	3,650	3,205	2,311	2,649
Current Unearned Revenue	8,114	163.3	61.1	11,902	10,916	-
Other Current Liabilities	39,260	44,396	45,933	32,635	36,878	-
Total Current Liabilities	344,896	343,168	330,762	293,025	261,629	241,535
Long-Term Debt	366,384	371,872	374,759	397,850	381,619	338,195
Long-Term Leases	34,756	33,192	32,342	32,237	31,101	28,945
Pension & Post-Retirement Benefits	-	5,443	6,935	4,867	3,839	-
Long-Term Deferred Tax Liabilities	20,576	19,445	18,129	16,798	15,676	12,519
Other Long-Term Liabilities	68,853	59,508	51,091	42,459	45,335	48,357
Total Liabilities	835,465	832,627	814,018	787,236	739,199	669,551
Common Stock	12,332	12,261	12,261	12,261	12,046	12,046
Additional Paid-In Capital	77,672	71,752	71,837	75,839	75,827	75,824
Retained Earnings	601,015	551,901	480,289	412,464	358,338	323,298
Treasury Stock	-9,104	-66.3	-66.3	-66.3	-25.39	-25.39
Comprehensive Income & Other	-7,055	-8,544	-7,716	-3,609	1,419	1,311
Total Common Equity	674,859	627,304	556,605	496,889	447,605	412,453
Minority Interest	251,518	239,121	215,596	195,301	176,004	160,895
Shareholders' Equity	926,376	866,425	772,200	692,190	623,608	573,348
Total Liabilities & Equity	1,761,841	1,699,052	1,586,219	1,479,426	1,362,807	1,242,899
Total Debt	549,542	536,962	537,022	541,098	506,184	451,387
Net Cash (Debt)	-462,974	-423,640	-432,528	-434,002	-416,284	-372,127
Net Cash Per Share	-379.04	-346.67	-353.94	-358.13	-345.58	-308.93
Filing Date Shares Outstanding	1,225	1,222	1,222	1,222	1,205	1,204
Total Common Shares Outstanding	1,225	1,222	1,222	1,222	1,205	1,204
Working Capital	27,285	40,632	28,709	68,524	44,739	15,781
Book Value Per Share	550.75	513.33	455.48	406.61	371.58	342.44
Tangible Book Value	634,472	586,918	516,329	456,287	406,491	378,720
Tangible Book Value Per Share	517.79	480.28	422.52	373.39	337.45	314.44
Land	2,068	1,719	1,719	1,719	1,730	-
Buildings	23,881	22,825	20,773	19,893	19,822	-
Machinery	78,223	74,768	69,082	64,404	51,478	-
Construction In Progress	4,969	5,055	6,124	4,771	4,968	-
Leasehold Improvements	35,842	34,560	32,823	30,307	24,971	-

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