Italpinas Development 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	255.84	236.54	168.73	79.54	52.98	100.32
Cash & Short-Term Investments	255.84	236.54	168.73	79.54	52.98	100.32
Cash Growth	14.01%	40.19%	112.14%	50.12%	-47.19%	168.29%
Accounts Receivable	1,676	1,461	1,087	984.89	1,062	1,148
Other Receivables	64.1	25.87	11.44	3.28	1.76	-
Receivables	1,740	1,487	1,098	988.17	1,064	1,148
Inventory	1,036	572.89	652.98	678.01	601.1	414.63
Prepaid Expenses	53.48	17.06	51.66	31.94	43.03	121.43
Other Current Assets	296.5	622.65	397.48	231.88	181.22	42.75
Total Current Assets	3,382	2,936	2,369	2,010	1,942	1,827
Property, Plant & Equipment	23.43	11.2	8.53	10.72	4.41	8.15
Long-Term Investments	3.67	6.67	4.27	2.66	3.92	5.12
Other Intangible Assets	2.66	2.8	3.79	3.78	4.56	5.81
Long-Term Deferred Tax Assets	21.22	18.88	16.13	13.27	20.23	12.88
Long-Term Deferred Charges	0.39	0.39	20.66	23.45	23.28	-
Other Long-Term Assets	1,358	1,339	1,065	895.74	733.11	530.11
Total Assets	4,791	4,314	3,487	2,959	2,732	2,389
Accounts Payable	770.01	958.65	737.05	784.05	750.39	732.03
Accrued Expenses	28.3	151.33	160.76	137.38	124.75	-
Short-Term Debt	-	8.71	16	15.51	16.31	13.31
Current Portion of Long-Term Debt	316.47	570.67	431.31	317.69	350.11	316.6
Current Portion of Leases	-	-	-	1.71	-	1.8
Current Income Taxes Payable	5.2	-	-	0.08	-	-
Current Unearned Revenue	736.6	150.68	116.08	50.51	25.31	12.74
Other Current Liabilities	190.56	34.38	43.62	36.88	26.26	-
Total Current Liabilities	2,047	1,874	1,505	1,344	1,293	1,076
Long-Term Debt	717.37	387.29	556.23	336.31	288.3	288.3
Pension & Post-Retirement Benefits	23.18	23.18	15.35	11.04	10.72	11.43
Long-Term Deferred Tax Liabilities	269.42	269.42	211.61	204.23	195.67	187.36
Total Liabilities	3,057	2,554	2,288	1,895	1,788	1,564
Common Stock	362	362	314.78	314.78	314.78	217.09
Additional Paid-In Capital	297.84	297.84	157.13	157.13	157.13	157.13
Retained Earnings	1,077	1,103	726.35	589.16	470.59	451.62
Comprehensive Income & Other	-3	-3	0.82	2.67	1.64	-
Shareholders' Equity	1,734	1,760	1,199	1,064	944.15	825.84
Total Liabilities & Equity	4,791	4,314	3,487	2,959	2,732	2,389
Total Debt	1,034	966.68	1,004	671.22	654.72	620.02
Net Cash (Debt)	-778	-730.15	-834.81	-591.68	-601.74	-519.7
Net Cash Per Share	-1.22	-1.14	-1.33	-0.94	-0.96	-1.20
Filing Date Shares Outstanding	724	724	629.57	629.57	629.57	629.57
Total Common Shares Outstanding	724	724	629.57	629.57	629.57	629.57
Working Capital	1,335	1,061	863.99	665.72	649.33	750.87
Book Value Per Share	2.40	2.43	1.90	1.69	1.50	1.31
Tangible Book Value	1,732	1,757	1,195	1,060	939.59	820.03
Tangible Book Value Per Share	2.39	2.43	1.90	1.68	1.49	1.30
Buildings	7.32	7.32	7.32	7.32	7.32	7.32
Machinery	36.08	21.9	20.64	19.84	14.38	14.24
Leasehold Improvements	5.84	5.81	1.99	1.98	1.98	1.98

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