Belle Balance Sheet

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

Millions PHP. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	2,852	2,605	2,357	2,172	1,874	2,082
Trading Asset Securities	41.66	43.46	42.75	100.01	72.68	73.05
Cash & Short-Term Investments	2,893	2,649	2,400	2,272	1,947	2,155
Cash Growth	-6.59%	10.38%	5.61%	16.73%	-9.69%	-19.47%
Accounts Receivable	3,452	3,281	3,638	3,426	3,490	3,958
Other Receivables	-	123.75	209.33	273.07	230.88	227.54
Receivables	3,452	3,404	3,848	3,699	3,721	4,186
Inventory	3,318	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	2,574	2,497	2,532	2,292	2,338	1,962
Total Current Assets	12,237	12,118	12,303	11,659	12,930	12,244
Property, Plant & Equipment	3,090	3,225	3,411	3,506	151.09	140.89
Long-Term Investments	11,113	11,653	13,218	10,140	9,440	7,390
Goodwill	926.01	926.01	926.01	926.01	926.01	926.01
Other Intangible Assets	3,712	3,770	3,886	4,002	4,118	4,234
Long-Term Accounts Receivable	326.08	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	21,562	22,031	22,976	24,422	23,996	25,131
Total Assets	52,966	54,417	57,474	55,711	52,758	51,028

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,283	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	208.47	69.49	2,130	2,088	29	15
Current Portion of Leases	508.99	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	2,001	1,951	4,543	5,532	2,616	4,165
Long-Term Debt	4,000	5,208	5,313	2,438	4,909	4,870
Long-Term Leases	4,469	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	25.69	24.55	30.55	21.76	17.9	30.89
Long-Term Deferred Tax Liabilities	2,142	2,243	2,413	2,479	2,483	2,377
Other Long-Term Liabilities	402.18	267.7	249.52	138.14	150.59	224.52
Total Liabilities	13,040	14,545	17,677	16,295	16,245	18,018

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	10,561	10,561	10,561	10,561	10,561	10,561
Additional Paid-In Capital	5,190	5,504	5,504	5,504	5,504	5,504
Retained Earnings	19,357	18,977	17,325	14,985	13,501	12,175
Treasury Stock	-3,409	-3,722	-3,722	-3,722	-3,722	-3,944
Comprehensive Income & Other	7,803	8,155	9,737	9,198	8,015	5,968
Total Common Equity	39,502	39,475	39,405	36,526	33,859	30,264
Minority Interest	424.36	396.93	392.39	2,890	2,654	2,745
Shareholders' Equity	39,926	39,872	39,797	39,416	36,513	33,009
Total Liabilities & Equity	52,966	54,417	57,474	55,711	52,758	51,028

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	9,187	10,505	13,157	11,667	11,634	13,422
Net Cash (Debt)	-6,293	-7,856	-10,757	-9,395	-9,687	-11,267
Net Cash Growth	-	-	-	-	-	-
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	10,236	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	34,864	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