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 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	1,716	2,064	2,733	2,282	3,518	3,475
Short-Term Investments	-	30.75	29.71	30.29	147.17	130.42
Trading Asset Securities	2.49	2.47	2.36	2.26	2.17	15.69
Cash & Short-Term Investments	1,718	2,098	2,765	2,314	3,667	3,621
Cash Growth	-27.09%	-24.15%	19.49%	-36.88%	1.26%	-32.76%
Accounts Receivable	2,298	2,101	2,076	1,865	1,877	1,943
Other Receivables	1,182	1,040	1,045	1,045	61.19	52.75
Receivables	3,480	3,150	3,135	2,928	1,954	2,006
Inventory	-	196.9	198.06	184.79	208.51	240.35
Prepaid Expenses	1,182	374	368.87	409.75	355.25	1,600
Restricted Cash	-	90	180.33	261.65	348.76	429.52
Other Current Assets	-	641.02	520.34	541.34	1,668	1,717
Total Current Assets	6,381	6,550	7,168	6,640	8,201	9,614
Property, Plant & Equipment	3,637	3,683	4,089	4,625	4,220	4,113
Long-Term Investments	439.14	446.63	469.42	546.73	570.62	544
Goodwill	252.71	252.71	287.02	287.02	287.02	287.02
Other Intangible Assets	149.12	167.7	212.28	236.89	255.99	268.04
Long-Term Deferred Tax Assets	605.95	630.67	544.57	525.94	521.42	462.14
Other Long-Term Assets	2,491	2,395	2,406	2,437	2,444	533.7
Total Assets	13,956	14,182	15,239	15,375	16,590	15,918
Accounts Payable	3,147	1,205	1,523	1,364	1,410	1,188
Accrued Expenses	-	1,380	1,369	1,259	1,571	1,400
Short-Term Debt	-	618.93	965.58	900.47	1,166	849.43
Current Portion of Long-Term Debt	1,105	476.38	2,349	2,466	2,022	2,050
Current Portion of Leases	596.14	625.8	763.68	828.19	919.36	942.83
Current Income Taxes Payable	26.29	20.59	16.6	19.44	25.03	55.82
Current Unearned Revenue	-	303.95	248.21	393.35	507.51	331.38
Other Current Liabilities	571.1	803.31	3,592	3,000	4,448	3,900
Total Current Liabilities	5,446	5,434	10,827	10,231	12,069	10,717
Long-Term Debt	4,645	4,895	676.15	947.4	661.07	832.12
Long-Term Leases	801.9	821.25	1,074	1,370	1,344	1,478
Pension & Post-Retirement Benefits	1,009	1,017	1,005	900.66	734.48	803.74
Long-Term Deferred Tax Liabilities	-	-	-	-	-	14.98
Other Long-Term Liabilities	113.18	102.78	-	-	0.04	0.67
Total Liabilities	12,015	12,270	13,583	13,449	14,808	13,846
Common Stock	1,426	1,426	1,426	1,426	1,426	1,426
Retained Earnings	444.01	398.78	152.72	304.56	128.27	670.25
Comprehensive Income & Other	60	83.85	90.92	215.29	238.14	-45.49
Total Common Equity	1,930	1,908	1,670	1,946	1,792	2,051
Minority Interest	11.67	2.77	-13.44	-19.64	-10.3	20.87
Shareholders' Equity	1,942	1,911	1,656	1,926	1,782	2,071
Total Liabilities & Equity	13,956	14,182	15,239	15,375	16,590	15,918
Total Debt	7,148	7,437	5,829	6,512	6,112	6,152
Net Cash (Debt)	-5,429	-5,340	-3,064	-4,197	-2,445	-2,531
Net Cash Per Share	-3.74	-3.74	-2.15	-2.94	-1.72	-1.77
Filing Date Shares Outstanding	1,508	1,426	1,426	1,426	1,426	1,426
Total Common Shares Outstanding	1,508	1,426	1,426	1,426	1,426	1,426
Working Capital	935.3	1,116	-3,659	-3,591	-3,867	-1,103
Book Value Per Share	1.28	1.34	1.17	1.36	1.26	1.44
Tangible Book Value	1,528	1,488	1,170	1,422	1,249	1,496
Tangible Book Value Per Share	1.01	1.04	0.82	1.00	0.88	1.05
Land	-	1,031	1,031	1,031	1,031	1,031
Buildings	-	1,144	1,138	1,141	-	-
Machinery	-	1,247	1,316	1,937	2,093	2,299
Construction In Progress	-	17.74	19.89	9.82	492.06	47.68
Leasehold Improvements	-	523.48	1,113	1,713	1,948	2,015

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