Max's Group Balance Sheet

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	969.18	1,060	1,498	1,700	1,081
Cash & Short-Term Investments	969.18	1,060	1,498	1,700	1,081
Cash Growth	-8.54%	-29.23%	-11.90%	57.30%	22.46%
Accounts Receivable	161.99	215.65	94.65	126.65	63.59
Other Receivables	1,170	1,333	1,042	1,037	1,140
Receivables	1,332	1,549	1,137	1,163	1,203
Inventory	820.65	793.69	836.77	890.59	667.69
Prepaid Expenses	75.84	84.43	84.5	84.02	43.4
Other Current Assets	60.64	149.4	170.41	221.8	210.64
Total Current Assets	3,259	3,636	3,726	4,059	3,206
Property, Plant & Equipment	4,445	4,142	4,056	4,325	4,800
Goodwill	1,964	1,964	1,964	1,964	1,964
Other Intangible Assets	2,762	2,795	2,831	2,865	2,911
Long-Term Deferred Tax Assets	150.67	162.16	675.5	668.75	787.78
Other Long-Term Assets	826.19	790.34	945.24	1,131	1,042
Total Assets	13,407	13,490	14,199	15,014	14,710
Accounts Payable	814	689.8	320.12	605.64	751.18
Accrued Expenses	735.22	864.15	1,504	1,395	1,284
Short-Term Debt	-	450	-	-	830.36
Current Portion of Long-Term Debt	505.03	100	690.64	330	576.5
Current Portion of Leases	283.68	296.53	421.27	219.27	529.84
Current Income Taxes Payable	34.17	39.01	14.69	22.07	2.43
Current Unearned Revenue	150.21	148.6	142.56	252.82	185.2
Other Current Liabilities	467.95	788.27	618.23	718.89	826.48
Total Current Liabilities	2,990	3,376	3,712	3,544	4,986
Long-Term Debt	3,433	3,489	3,593	4,143	3,089
Long-Term Leases	765.03	602.03	518.56	1,133	1,089
Long-Term Unearned Revenue	24.51	31.37	33.64	58.34	64.32
Pension & Post-Retirement Benefits	366.14	319.44	352.98	304.99	313.64
Long-Term Deferred Tax Liabilities	-	-	636.84	727.65	717.94
Total Liabilities	7,579	7,819	8,847	9,910	10,259
Common Stock	1,087	1,087	1,087	1,087	1,087
Additional Paid-In Capital	5,353	5,353	5,353	5,353	5,353
Retained Earnings	2,447	2,229	1,985	1,699	1,081
Treasury Stock	-2,622	-2,622	-2,622	-2,618	-2,618
Comprehensive Income & Other	-384.31	-323.13	-398.91	-365.72	-396.83
Total Common Equity	5,881	5,724	5,404	5,156	4,506
Minority Interest	-53.82	-52.04	-52.36	-52.54	-56.12
Shareholders' Equity	5,827	5,672	5,352	5,103	4,450
Total Liabilities & Equity	13,407	13,490	14,199	15,014	14,710
Total Debt	4,987	4,938	5,223	5,825	6,115
Net Cash (Debt)	-4,018	-3,878	-3,726	-4,125	-5,034
Net Cash Per Share	-5.15	-4.98	-4.79	-5.29	-6.46
Filing Date Shares Outstanding	778.54	778.54	778.54	779.41	779.41
Total Common Shares Outstanding	778.54	778.54	778.54	779.41	779.41
Working Capital	268.33	259.92	14.49	515.48	-1,780
Book Value Per Share	7.55	7.35	6.94	6.61	5.78
Tangible Book Value	1,155	964.55	608.81	326.18	-368.49
Tangible Book Value Per Share	1.48	1.24	0.78	0.42	-0.47
Land	191.23	191.23	191.23	194.07	194.07
Buildings	1,449	1,440	1,427	1,470	1,463
Machinery	3,659	3,390	3,215	3,008	3,121
Construction In Progress	260.47	186.91	125.02	59.07	40.54
Leasehold Improvements	4,036	3,887	3,705	3,598	3,752

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.