Italpinas Development 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	188.22	404.62	168.73	79.54	52.98
Cash & Short-Term Investments	188.22	404.62	168.73	79.54	52.98
Cash Growth	-53.48%	139.80%	112.14%	50.12%	-47.19%
Accounts Receivable	1,523	1,320	1,087	984.89	1,062
Other Receivables	45.44	25.94	11.44	3.28	1.76
Receivables	1,568	1,346	1,098	988.17	1,064
Inventory	829.22	812.95	652.98	678.01	601.1
Prepaid Expenses	17.39	17.06	51.66	31.94	43.03
Other Current Assets	243.62	341.64	397.48	231.88	181.22
Total Current Assets	2,847	2,922	2,369	2,010	1,942
Property, Plant & Equipment	21.12	11.87	8.53	10.72	4.41
Long-Term Investments	1.55	3.67	4.27	2.66	3.92
Other Intangible Assets	2.57	3.05	3.79	3.78	4.56
Long-Term Deferred Tax Assets	38.96	18.88	16.13	13.27	20.23
Long-Term Deferred Charges	100.27	0.39	20.66	23.45	23.28
Other Long-Term Assets	1,457	1,358	1,065	895.74	733.11
Total Assets	4,468	4,319	3,487	2,959	2,732
Accounts Payable	607.5	998.09	737.05	784.05	750.39
Accrued Expenses	277.69	160.12	160.76	137.38	124.75
Short-Term Debt	3.45	8.71	16	15.51	16.31
Current Portion of Long-Term Debt	350.32	570.67	431.31	317.69	350.11
Current Portion of Leases	-	-	-	1.71	-
Current Income Taxes Payable	7.35	0.02	-	0.08	-
Current Unearned Revenue	334.98	156.59	116.08	50.51	25.31
Other Current Liabilities	52.69	37.01	43.62	36.88	26.26
Total Current Liabilities	1,634	1,931	1,505	1,344	1,293
Long-Term Debt	530.82	387.29	556.23	336.31	288.3
Pension & Post-Retirement Benefits	22.76	23.18	15.35	11.04	10.72
Long-Term Deferred Tax Liabilities	328.87	269.42	211.61	204.23	195.67
Total Liabilities	2,516	2,611	2,288	1,895	1,788
Common Stock	362	362	314.78	314.78	314.78
Additional Paid-In Capital	297.84	297.84	157.13	157.13	157.13
Retained Earnings	1,301	1,051	726.35	589.16	470.59
Comprehensive Income & Other	-9.79	-3	0.82	2.67	1.64
Shareholders' Equity	1,951	1,707	1,199	1,064	944.15
Total Liabilities & Equity	4,468	4,319	3,487	2,959	2,732
Total Debt	884.6	966.68	1,004	671.22	654.72
Net Cash (Debt)	-696.38	-562.06	-834.81	-591.68	-601.74
Net Cash Per Share	-0.96	-0.88	-1.33	-0.94	-0.96
Filing Date Shares Outstanding	724	724	629.57	629.57	629.57
Total Common Shares Outstanding	724	724	629.57	629.57	629.57
Working Capital	1,213	991.24	863.99	665.72	649.33
Book Value Per Share	2.70	2.36	1.90	1.69	1.50
Tangible Book Value	1,949	1,704	1,195	1,060	939.59
Tangible Book Value Per Share	2.69	2.35	1.90	1.68	1.49
Buildings	7.32	7.32	7.32	7.32	7.32
Machinery	37.97	22.76	20.64	19.84	14.38
Leasehold Improvements	5.84	5.81	1.99	1.98	1.98

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