Lorenzo Shipping 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	158.97	102.8	99.13	62.53	131.88	156.15
Cash & Short-Term Investments	158.97	102.8	99.13	62.53	131.88	156.15
Cash Growth	77.82%	3.70%	58.54%	-52.59%	-15.54%	-23.80%
Accounts Receivable	324.08	406.2	568.07	681.93	725.64	738.62
Other Receivables	87.82	92.87	83.28	71.25	55.56	50.97
Receivables	411.91	499.07	651.34	753.18	781.2	789.59
Inventory	49.22	49.22	61.47	78.45	63.35	27.95
Prepaid Expenses	21.42	12.03	12.39	10.48	7.22	6.52
Other Current Assets	209.79	136.7	191.15	124.51	31.17	40.2
Total Current Assets	851.3	799.81	1,015	1,029	1,015	1,020
Property, Plant & Equipment	896.67	1,168	1,417	1,287	1,290	1,427
Other Intangible Assets	1.49	2.16	3.06	3.96	-	-
Long-Term Deferred Tax Assets	6.72	6.72	7	-	-	-
Other Long-Term Assets	732.87	732.6	651.29	610.34	548.15	452.94
Total Assets	2,489	2,710	3,093	2,930	2,853	2,901
Accounts Payable	1,024	1,051	1,088	1,176	1,155	1,161
Accrued Expenses	183.44	169.64	223.28	151.27	248.09	335.01
Short-Term Debt	396.26	413.91	341.96	320.64	368.27	337.67
Current Portion of Long-Term Debt	89.12	122.91	91.94	101.58	93.59	86.21
Current Portion of Leases	4.65	51.45	65.25	33.83	44.69	81.71
Current Income Taxes Payable	4.66	5.56	8.2	8.97	13.74	18.53
Other Current Liabilities	284.53	255.93	265.98	313.12	40.98	2.78
Total Current Liabilities	1,986	2,071	2,085	2,106	1,964	2,023
Long-Term Debt	149.21	149.21	272.12	288.53	237.25	277.58
Long-Term Leases	167.54	182.54	164.3	53.8	59.33	87.52
Pension & Post-Retirement Benefits	110.82	106.65	105.61	76.55	85.88	69.53
Long-Term Deferred Tax Liabilities	-	-	-	24.21	19.55	27.64
Other Long-Term Liabilities	0	-	-	-	150.31	-
Total Liabilities	2,414	2,509	2,627	2,549	2,517	2,485
Common Stock	991.18	825.65	555.65	555.65	555.65	555.65
Additional Paid-In Capital	459.79	459.79	459.79	459.79	459.79	459.79
Retained Earnings	-1,634	-1,132	-589.82	-685.61	-704.21	-619.62
Treasury Stock	-3.13	-3.13	-3.13	-3.13	-3.13	-3.13
Comprehensive Income & Other	261.7	49.89	44.04	54.79	28.74	22.56
Shareholders' Equity	75.28	200.6	466.54	381.5	336.85	415.25
Total Liabilities & Equity	2,489	2,710	3,093	2,930	2,853	2,901
Total Debt	806.79	920.03	935.57	798.38	803.13	870.7
Net Cash (Debt)	-647.82	-817.23	-836.44	-735.86	-671.25	-714.55
Net Cash Per Share	-0.56	-0.99	-1.51	-1.33	-1.21	-1.29
Filing Date Shares Outstanding	990.17	824.64	554.64	554.64	554.64	554.64
Total Common Shares Outstanding	990.17	824.64	554.64	554.64	554.64	554.64
Working Capital	-1,135	-1,271	-1,069	-1,077	-949.38	-1,003
Book Value Per Share	0.08	0.24	0.84	0.69	0.61	0.75
Tangible Book Value	73.79	198.43	463.47	377.55	336.85	415.25
Tangible Book Value Per Share	0.07	0.24	0.84	0.68	0.61	0.75
Land	182.18	182.18	175.9	175.9	157.05	157.05
Buildings	19.01	19.01	18.74	15.26	14.45	14.45
Machinery	2,620	3,083	3,510	3,367	3,266	3,195
Construction In Progress	0.27	8.48	-	14.55	-	0.84
Leasehold Improvements	65.17	65.17	65.17	65.02	64.67	63.67

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