Belle 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	3,225	2,357	2,172	1,874	2,082	2,592
Trading Asset Securities	48.19	42.75	100.01	72.68	73.05	84.26
Cash & Short-Term Investments	3,273	2,400	2,272	1,947	2,155	2,676
Cash Growth	-16.25%	5.61%	16.73%	-9.69%	-19.47%	-36.95%
Accounts Receivable	3,733	3,638	3,426	3,490	3,958	5,054
Other Receivables	-	100.28	273.07	230.88	227.54	20.37
Receivables	3,733	3,738	3,699	3,721	4,186	5,075
Inventory	3,414	3,352	3,195	4,719	3,633	3,506
Prepaid Expenses	-	171.59	200.55	204.89	307.87	234.67
Other Current Assets	2,606	2,641	2,292	2,338	1,962	1,616
Total Current Assets	13,025	12,303	11,659	12,930	12,244	13,108
Property, Plant & Equipment	3,257	3,411	3,506	151.09	140.89	215.64
Long-Term Investments	11,672	13,218	10,140	9,440	7,390	4,911
Goodwill	926.01	926.01	926.01	926.01	926.01	926.01
Other Intangible Assets	3,799	3,886	4,002	4,118	4,234	4,361
Long-Term Accounts Receivable	325.75	753.78	1,053	1,197	941.12	315.9
Long-Term Deferred Tax Assets	-	0.4	3.25	-	21.4	82.42
Other Long-Term Assets	22,091	22,976	24,422	23,996	25,131	26,082
Total Assets	55,095	57,474	55,711	52,758	51,028	50,002
Accounts Payable	1,417	459.64	370.89	205.71	315.28	593.23
Accrued Expenses	-	694.66	804.44	771.71	608.05	992.65
Short-Term Debt	0.02	300.02	1,300	450.02	1,995	2,525
Current Portion of Long-Term Debt	1,544	2,130	2,088	29	15	121.11
Current Portion of Leases	463.78	423.18	392.95	403.24	345.68	148.61
Current Income Taxes Payable	-	-	-	-	-	0.01
Current Unearned Revenue	-	103.82	78.44	262.01	375.19	522.23
Other Current Liabilities	-	431.46	497.64	494.36	510.78	276.63
Total Current Liabilities	3,425	4,543	5,532	2,616	4,165	5,179
Long-Term Debt	5,208	5,313	2,438	4,909	4,870	4,446
Long-Term Leases	4,635	4,991	5,449	5,843	6,196	6,539
Long-Term Unearned Revenue	-	249.5	237.23	225.58	154	172.07
Pension & Post-Retirement Benefits	36.37	30.55	21.76	17.9	30.89	59.29
Long-Term Deferred Tax Liabilities	2,309	2,413	2,479	2,483	2,377	2,969
Other Long-Term Liabilities	401.58	137.14	138.14	150.59	224.52	203.6
Total Liabilities	16,016	17,677	16,295	16,245	18,018	19,568
Common Stock	10,561	10,561	10,561	10,561	10,561	10,561
Additional Paid-In Capital	5,504	5,504	5,504	5,504	5,504	5,504
Retained Earnings	18,169	17,325	14,985	13,501	12,175	11,581
Treasury Stock	-3,722	-3,722	-3,722	-3,722	-3,944	-3,944
Comprehensive Income & Other	8,142	9,737	9,198	8,015	5,968	3,928
Total Common Equity	38,654	39,405	36,526	33,859	30,264	27,630
Minority Interest	425.22	392.39	2,890	2,654	2,745	2,804
Shareholders' Equity	39,080	39,797	39,416	36,513	33,009	30,434
Total Liabilities & Equity	55,095	57,474	55,711	52,758	51,028	50,002
Total Debt	11,851	13,157	11,667	11,634	13,422	13,779
Net Cash (Debt)	-8,579	-10,757	-9,395	-9,687	-11,267	-11,103
Net Cash Per Share	-0.88	-1.14	-0.99	-1.03	-1.19	-1.18
Filing Date Shares Outstanding	9,696	9,696	9,696	9,696	9,763	9,763
Total Common Shares Outstanding	9,696	9,696	9,696	9,696	9,763	9,763
Working Capital	9,600	7,760	6,126	10,314	8,079	7,929
Book Value Per Share	3.99	4.06	3.77	3.49	3.10	2.83
Tangible Book Value	33,929	34,593	31,599	28,815	25,104	22,343
Tangible Book Value Per Share	3.50	3.57	3.26	2.97	2.57	2.29
Land	-	262.62	262.56	259.02	269.14	379.16
Buildings	-	250.14	253.77	248.96	245.36	245.36
Machinery	-	1,349	1,243	1,015	1,071	1,362

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.