Belle Balance Sheet

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

Millions PHP. 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	2,605	2,357	2,172	1,874	2,082
Trading Asset Securities	43.46	42.75	100.01	72.68	73.05
Cash & Short-Term Investments	2,649	2,400	2,272	1,947	2,155
Cash Growth	10.38%	5.61%	16.73%	-9.69%	-19.47%
Accounts Receivable	3,281	3,638	3,426	3,490	3,958
Other Receivables	123.75	209.33	273.07	230.88	227.54
Receivables	3,404	3,848	3,699	3,721	4,186
Inventory	3,401	3,352	3,195	4,719	3,633
Prepaid Expenses	166.87	171.59	200.55	204.89	307.87
Other Current Assets	2,497	2,532	2,292	2,338	1,962
Total Current Assets	12,118	12,303	11,659	12,930	12,244
Property, Plant & Equipment	3,225	3,411	3,506	151.09	140.89
Long-Term Investments	11,653	13,218	10,140	9,440	7,390
Goodwill	926.01	926.01	926.01	926.01	926.01
Other Intangible Assets	3,770	3,886	4,002	4,118	4,234
Long-Term Accounts Receivable	694.99	753.78	1,053	1,197	941.12
Long-Term Deferred Tax Assets	-	0.4	3.25	-	21.4
Other Long-Term Assets	22,031	22,976	24,422	23,996	25,131
Total Assets	54,417	57,474	55,711	52,758	51,028
Accounts Payable	333.69	459.64	370.89	205.71	315.28
Accrued Expenses	485.38	694.66	804.44	771.71	608.05
Short-Term Debt	-	300.02	1,300	450.02	1,995
Current Portion of Long-Term Debt	69.49	2,130	2,088	29	15
Current Portion of Leases	508.81	423.18	392.95	403.24	345.68
Current Unearned Revenue	198.92	103.82	78.44	262.01	375.19
Other Current Liabilities	355.11	431.46	497.64	494.36	510.78
Total Current Liabilities	1,951	4,543	5,532	2,616	4,165
Long-Term Debt	5,208	5,313	2,438	4,909	4,870
Long-Term Leases	4,718	4,991	5,449	5,843	6,196
Long-Term Unearned Revenue	132.11	137.12	237.23	225.58	154
Pension & Post-Retirement Benefits	24.55	30.55	21.76	17.9	30.89
Long-Term Deferred Tax Liabilities	2,243	2,413	2,479	2,483	2,377
Other Long-Term Liabilities	267.7	249.52	138.14	150.59	224.52
Total Liabilities	14,545	17,677	16,295	16,245	18,018
Common Stock	10,561	10,561	10,561	10,561	10,561
Additional Paid-In Capital	5,504	5,504	5,504	5,504	5,504
Retained Earnings	18,977	17,325	14,985	13,501	12,175
Treasury Stock	-3,722	-3,722	-3,722	-3,722	-3,944
Comprehensive Income & Other	8,155	9,737	9,198	8,015	5,968
Total Common Equity	39,475	39,405	36,526	33,859	30,264
Minority Interest	396.93	392.39	2,890	2,654	2,745
Shareholders' Equity	39,872	39,797	39,416	36,513	33,009
Total Liabilities & Equity	54,417	57,474	55,711	52,758	51,028
Total Debt	10,505	13,157	11,667	11,634	13,422
Net Cash (Debt)	-7,856	-10,757	-9,395	-9,687	-11,267
Net Cash Per Share	-0.83	-1.14	-0.99	-1.03	-1.19
Filing Date Shares Outstanding	9,696	9,696	9,696	9,696	9,763
Total Common Shares Outstanding	9,696	9,696	9,696	9,696	9,763
Working Capital	10,166	7,760	6,126	10,314	8,079
Book Value Per Share	4.07	4.06	3.77	3.49	3.10
Tangible Book Value	34,779	34,593	31,599	28,815	25,104
Tangible Book Value Per Share	3.59	3.57	3.26	2.97	2.57
Land	275.74	262.62	262.56	259.02	269.14
Buildings	249.5	250.14	253.77	248.96	245.36
Machinery	1,384	1,349	1,243	1,015	1,071

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.