Italpinas Development 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	120.59	188.22	404.62	168.73	79.54	52.98
Cash & Short-Term Investments	120.59	188.22	404.62	168.73	79.54	52.98
Cash Growth	-66.10%	-53.48%	139.80%	112.14%	50.12%	-47.19%
Accounts Receivable	1,719	1,523	1,320	1,087	984.89	1,062
Other Receivables	33.56	45.44	25.94	11.44	3.28	1.76
Receivables	1,752	1,568	1,346	1,098	988.17	1,064
Inventory	886.43	829.22	812.95	652.98	678.01	601.1
Prepaid Expenses	29.47	17.39	17.06	51.66	31.94	43.03
Other Current Assets	252.58	243.62	341.64	397.48	231.88	181.22
Total Current Assets	3,041	2,847	2,922	2,369	2,010	1,942
Property, Plant & Equipment	23.46	21.12	11.87	8.53	10.72	4.41
Long-Term Investments	1.55	1.55	3.67	4.27	2.66	3.92
Other Intangible Assets	2.44	2.57	3.05	3.79	3.78	4.56
Long-Term Deferred Tax Assets	38.96	38.96	18.88	16.13	13.27	20.23
Long-Term Deferred Charges	100.27	100.27	0.39	20.66	23.45	23.28
Other Long-Term Assets	1,455	1,457	1,358	1,065	895.74	733.11
Total Assets	4,663	4,468	4,319	3,487	2,959	2,732
Accounts Payable	807.79	607.5	998.09	737.05	784.05	750.39
Accrued Expenses	259.87	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	349.74	350.32	570.67	431.31	317.69	350.11
Current Portion of Leases	-	-	-	-	1.71	-
Current Income Taxes Payable	14.64	7.35	0.02	-	0.08	-
Current Unearned Revenue	357.32	334.98	156.59	116.08	50.51	25.31
Other Current Liabilities	43.54	52.69	37.01	43.62	36.88	26.26
Total Current Liabilities	1,833	1,634	1,931	1,505	1,344	1,293
Long-Term Debt	504.18	530.82	387.29	556.23	336.31	288.3
Pension & Post-Retirement Benefits	23.66	22.76	23.18	15.35	11.04	10.72
Long-Term Deferred Tax Liabilities	328.87	328.87	269.42	211.61	204.23	195.67
Total Liabilities	2,690	2,516	2,611	2,288	1,895	1,788
Common Stock	362	362	362	314.78	314.78	314.78
Additional Paid-In Capital	297.84	297.84	297.84	157.13	157.13	157.13
Retained Earnings	1,323	1,301	1,051	726.35	589.16	470.59
Comprehensive Income & Other	-9.79	-9.79	-3	0.82	2.67	1.64
Shareholders' Equity	1,973	1,951	1,707	1,199	1,064	944.15
Total Liabilities & Equity	4,663	4,468	4,319	3,487	2,959	2,732
Total Debt	853.92	884.6	966.68	1,004	671.22	654.72
Net Cash (Debt)	-733.33	-696.38	-562.06	-834.81	-591.68	-601.74
Net Cash Per Share	-0.98	-0.96	-0.88	-1.33	-0.94	-0.96
Filing Date Shares Outstanding	724	724	724	629.57	629.57	629.57
Total Common Shares Outstanding	724	724	724	629.57	629.57	629.57
Working Capital	1,208	1,213	991.24	863.99	665.72	649.33
Book Value Per Share	2.73	2.70	2.36	1.90	1.69	1.50
Tangible Book Value	1,971	1,949	1,704	1,195	1,060	939.59
Tangible Book Value Per Share	2.72	2.69	2.35	1.90	1.68	1.49
Buildings	7.32	7.32	7.32	7.32	7.32	7.32
Machinery	41.54	37.97	22.76	20.64	19.84	14.38
Leasehold Improvements	5.84	5.84	5.81	1.99	1.98	1.98