Ginebra San Miguel Balance Sheet

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	17,850	15,002	11,331	9,881	5,457	2,379
Cash & Short-Term Investments	17,850	15,002	11,331	9,881	5,457	2,379
Cash Growth	21.32%	32.40%	14.67%	81.06%	129.38%	-15.62%
Accounts Receivable	1,804	2,088	1,711	676.13	962.1	781.13
Other Receivables	-	194.14	231.49	946.71	314.07	257.14
Receivables	1,804	2,282	1,942	1,623	1,276	1,038
Inventory	8,320	7,510	7,607	8,083	7,003	8,730
Prepaid Expenses	1,888	1,149	832.16	747.1	819.25	1,090
Other Current Assets	-	14.42	17.13	25.25	9.34	31.71
Total Current Assets	29,863	25,958	21,729	20,359	14,566	13,269
Property, Plant & Equipment	6,122	6,201	6,458	5,143	4,829	4,412
Long-Term Investments	1,500	1,500	1,500	1,500	1,500	-
Goodwill	126.86	126.86	126.86	126.86	126.86	126.86
Other Intangible Assets	-	17.06	30.72	27.79	28.42	37.2
Long-Term Accounts Receivable	-	0.28	0.28	-	-	-
Long-Term Deferred Tax Assets	593.33	644.1	625.09	562.78	524.96	499.57
Other Long-Term Assets	968.15	895.6	62.39	48.06	37.8	51.57
Total Assets	39,173	35,343	30,533	27,768	21,612	18,397
Accounts Payable	8,829	4,437	4,098	5,582	5,378	5,019
Accrued Expenses	-	97.13	171.95	-	-	-
Short-Term Debt	-	-	-	1,000	-	-
Current Portion of Long-Term Debt	-	-	-	-	165.43	165.42
Current Portion of Leases	20.81	26.51	32.11	25.8	32.97	56.86
Current Income Taxes Payable	2,134	2,318	1,808	1,736	719.85	590.14
Current Unearned Revenue	-	7.82	8.89	-	-	-
Other Current Liabilities	-	1,411	1,388	112.44	162.02	124.7
Total Current Liabilities	10,983	8,297	7,507	8,456	6,459	5,956
Long-Term Debt	-	-	-	-	-	165.43
Long-Term Leases	18.79	21.61	39.63	30.6	75.78	134.25
Pension & Post-Retirement Benefits	1,012	1,012	1,046	880.89	635.75	621.92
Total Liabilities	12,015	9,331	8,592	9,367	7,170	6,878
Common Stock	399.06	345.63	345.63	345.63	345.63	345.63
Additional Paid-In Capital	2,539	2,539	2,539	2,539	2,539	2,539
Retained Earnings	28,692	27,545	23,450	19,772	15,589	12,617
Treasury Stock	-3,670	-1,947	-1,947	-1,947	-1,947	-1,947
Comprehensive Income & Other	-801.9	-801.9	-777.64	-640.05	-415.73	-366.35
Total Common Equity	27,158	27,681	23,610	20,070	16,111	13,188
Shareholders' Equity	27,158	26,012	21,940	18,400	14,442	11,519
Total Liabilities & Equity	39,173	35,343	30,533	27,768	21,612	18,397
Total Debt	39.59	48.13	71.73	1,056	274.17	521.95
Net Cash (Debt)	17,811	14,954	11,259	8,825	5,183	1,857
Net Cash Growth	21.58%	32.82%	27.59%	70.26%	179.08%	-13.44%
Net Cash Per Share	62.19	52.23	39.32	30.82	18.10	6.49
Filing Date Shares Outstanding	286.46	286.33	286.33	286.33	286.33	286.33
Total Common Shares Outstanding	286.46	286.33	286.33	286.33	286.33	286.33
Working Capital	18,879	17,661	14,223	11,903	8,107	7,313
Book Value Per Share	94.81	96.68	82.46	70.09	56.27	46.06
Tangible Book Value	27,031	27,537	23,452	19,915	15,956	13,024
Tangible Book Value Per Share	94.36	96.17	81.91	69.55	55.73	45.49
Land	-	1,452	1,268	1,259	1,241	1,133
Buildings	-	3,307	2,950	2,684	2,602	2,310
Machinery	-	11,511	10,827	10,509	9,826	9,345
Construction In Progress	-	948.65	1,738	426.42	305.4	336.17
Leasehold Improvements	-	158.26	143.5	136.5	85.58	63.68

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