Lopez 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	63,868	53,380	65,919	57,128	48,084	52,444
Short-Term Investments	-	200	3,857	572	2,010	9,707
Trading Asset Securities	-	173	243	1,575	6,613	2,647
Accounts Receivable	32,836	42,227	38,386	46,292	39,455	40,053
Other Receivables	-	1,628	2,311	1,099	1,284	2,382
Inventory	51,523	51,755	42,768	34,744	31,311	24,503
Prepaid Expenses	21,305	2,785	2,944	2,056	1,023	761
Restricted Cash	-	52	147	250	9	15
Other Current Assets	-	10,405	11,176	8,893	8,342	8,477
Total Current Assets	169,532	162,605	167,751	152,609	138,131	140,989
Property, Plant & Equipment	200,076	207,562	174,859	152,362	144,715	135,544
Goodwill	-	48,483	48,460	48,374	48,318	48,279
Other Intangible Assets	67,277	19,137	924	1,095	1,309	1,737
Long-Term Investments	31,446	30,803	29,150	30,296	27,729	29,030
Long-Term Deferred Tax Assets	2,057	2,107	2,121	1,620	1,823	2,113
Long-Term Deferred Charges	-	53	150	-	104	-
Long-Term Accounts Receivable	10,850	9,379	6,111	3,745	2,243	1,810
Other Long-Term Assets	64,371	47,520	43,521	38,325	37,128	38,468
Total Assets	545,609	527,649	473,047	428,426	401,500	397,970
Accounts Payable	55,751	32,078	30,097	25,457	25,944	21,035
Accrued Expenses	-	18,195	19,961	16,300	12,038	10,951
Short-Term Debt	1,700	3,889	8,666	1,762	1,310	1,845
Current Portion of Long-Term Debt	26,527	22,795	22,701	24,031	25,969	31,343
Current Unearned Revenue	-	4,829	2,868	1,082	1,209	1,647
Current Portion of Leases	-	3,048	3,111	352	283	273
Current Income Taxes Payable	1,085	1,162	1,013	646	574	1,103
Other Current Liabilities	-	8,588	7,840	8,120	7,096	9,951
Total Current Liabilities	85,063	94,584	96,257	77,750	74,423	78,148
Long-Term Debt	147,701	134,318	100,765	104,664	100,716	101,884
Long-Term Leases	-	8,780	10,135	1,086	1,218	1,301
Long-Term Unearned Revenue	-	1,287	315	1,006	474	653
Pension & Post-Retirement Benefits	5,075	5,078	5,013	4,944	5,536	5,134
Long-Term Deferred Tax Liabilities	3,293	2,884	3,367	3,852	3,663	3,865
Other Long-Term Liabilities	18,788	9,337	11,707	10,944	8,238	5,962
Total Liabilities	259,920	256,268	227,559	204,246	194,268	196,947
Common Stock	4,630	4,630	4,630	4,630	4,630	4,630
Additional Paid-In Capital	248	248	248	248	248	248
Retained Earnings	86,325	79,286	73,621	72,564	66,946	65,509
Treasury Stock	-3,176	-3,176	-3,110	-3,110	-3,110	-354
Comprehensive Income & Other	18,868	11,183	7,874	4,444	-3,643	-5,885
Total Common Equity	106,895	92,171	83,263	78,776	65,071	64,148
Minority Interest	178,794	179,210	162,225	145,404	142,161	136,875
Shareholders' Equity	285,689	271,381	245,488	224,180	207,232	201,023
Total Liabilities & Equity	545,609	527,649	473,047	428,426	401,500	397,970
Total Debt	175,928	172,830	145,378	131,895	129,496	136,646
Net Cash (Debt)	-112,060	-119,077	-75,359	-72,620	-72,789	-71,848
Net Cash Per Share	-29.43	-31.14	-19.68	-18.96	-18.16	-15.81
Filing Date Shares Outstanding	3,807	3,807	3,830	4,542	4,542	4,542
Total Common Shares Outstanding	3,807	3,807	3,830	4,542	4,542	4,542
Working Capital	84,469	68,021	71,494	74,859	63,708	62,841
Book Value Per Share	28.08	24.21	21.74	17.34	14.33	14.12
Tangible Book Value	39,618	24,551	33,879	29,307	15,444	14,132
Tangible Book Value Per Share	10.41	6.45	8.85	6.45	3.40	3.11
Land	-	5,087	4,881	4,222	4,237	3,785
Machinery	-	97,249	81,545	96,213	92,446	109,180
Construction In Progress	-	48,500	43,123	28,582	22,149	13,550

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