LBC Express Holdings 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	2,103	2,733	2,282	3,518	3,475	5,246
Short-Term Investments	28.9	29.71	30.29	147.17	130.42	124.18
Trading Asset Securities	2.44	2.36	2.26	2.17	15.69	14.94
Cash & Short-Term Investments	2,134	2,765	2,314	3,667	3,621	5,385
Cash Growth	-12.30%	19.49%	-36.88%	1.26%	-32.76%	18.02%
Accounts Receivable	2,018	2,076	1,865	1,877	1,943	1,913
Other Receivables	1,088	1,045	1,045	61.19	52.75	39.47
Receivables	3,122	3,135	2,928	1,954	2,006	1,962
Inventory	207.85	198.06	184.79	208.51	240.35	216.67
Prepaid Expenses	386.36	413.28	409.75	355.25	1,600	147.85
Restricted Cash	113.41	180.33	261.65	348.76	429.52	10.37
Other Current Assets	567.87	475.93	541.34	1,668	1,717	1,534
Total Current Assets	6,531	7,168	6,640	8,201	9,614	9,256
Property, Plant & Equipment	3,682	4,089	4,625	4,220	4,113	4,230
Long-Term Investments	453.21	469.42	546.73	570.62	544	546.41
Goodwill	287.02	287.02	287.02	287.02	287.02	286.89
Other Intangible Assets	181.35	212.28	236.89	255.99	268.04	321.69
Long-Term Deferred Tax Assets	1,172	544.57	525.94	521.42	462.14	443.56
Other Long-Term Assets	2,388	2,406	2,437	2,444	533.7	480.49
Total Assets	14,752	15,239	15,375	16,590	15,918	15,662
Accounts Payable	1,133	1,523	1,364	1,410	1,188	1,117
Accrued Expenses	1,520	1,369	1,259	1,571	1,400	1,199
Short-Term Debt	632.92	965.58	900.47	1,166	849.43	470.21
Current Portion of Long-Term Debt	582.56	2,349	2,466	2,022	2,050	2,048
Current Portion of Leases	667.14	763.68	828.19	919.36	942.83	816.98
Current Income Taxes Payable	13.22	16.6	19.44	25.03	55.82	47.62
Current Unearned Revenue	201.2	248.21	393.35	507.51	331.38	305.72
Other Current Liabilities	817.1	3,592	3,000	4,448	3,900	3,550
Total Current Liabilities	5,568	10,827	10,231	12,069	10,717	9,555
Long-Term Debt	4,907	676.15	947.4	661.07	832.12	779.71
Long-Term Leases	808.93	1,074	1,370	1,344	1,478	1,551
Pension & Post-Retirement Benefits	1,038	1,005	900.66	734.48	803.74	764.89
Long-Term Deferred Tax Liabilities	-	-	-	-	14.98	21.99
Other Long-Term Liabilities	-	-	-	0.04	0.67	17.45
Total Liabilities	12,321	13,583	13,449	14,808	13,846	12,691
Common Stock	1,426	1,426	1,426	1,426	1,426	1,426
Retained Earnings	852.5	152.72	304.56	128.27	670.25	1,536
Comprehensive Income & Other	148.69	90.92	215.29	238.14	-45.49	-4.06
Total Common Equity	2,427	1,670	1,946	1,792	2,051	2,958
Minority Interest	3.05	-13.44	-19.64	-10.3	20.87	12.82
Shareholders' Equity	2,430	1,656	1,926	1,782	2,071	2,971
Total Liabilities & Equity	14,752	15,239	15,375	16,590	15,918	15,662
Total Debt	7,598	5,829	6,512	6,112	6,152	5,666
Net Cash (Debt)	-5,464	-3,064	-4,197	-2,445	-2,531	-280.83
Net Cash Per Share	-3.83	-2.15	-2.94	-1.72	-1.77	-0.20
Filing Date Shares Outstanding	1,426	1,426	1,426	1,426	1,426	1,426
Total Common Shares Outstanding	1,426	1,426	1,426	1,426	1,426	1,426
Working Capital	963.82	-3,659	-3,591	-3,867	-1,103	-299.2
Book Value Per Share	1.70	1.17	1.36	1.26	1.44	2.07
Tangible Book Value	1,959	1,170	1,422	1,249	1,496	2,350
Tangible Book Value Per Share	1.37	0.82	1.00	0.88	1.05	1.65
Land	1,031	1,031	1,031	1,031	1,031	1,031
Buildings	1,144	1,138	1,141	-	-	-
Machinery	1,243	1,316	1,937	2,093	2,299	2,140
Construction In Progress	18.22	19.89	9.82	492.06	47.68	17.18
Leasehold Improvements	751.19	1,113	1,713	1,948	2,015	1,884

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