Max's Group 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	626.55	969.18	1,060	1,498	1,700	1,081
Cash & Short-Term Investments	626.55	969.18	1,060	1,498	1,700	1,081
Cash Growth	-11.48%	-8.54%	-29.23%	-11.90%	57.30%	22.46%
Accounts Receivable	1,249	161.99	215.65	94.65	126.65	63.59
Other Receivables	-	1,170	1,333	1,042	1,037	1,140
Receivables	1,249	1,332	1,549	1,137	1,163	1,203
Inventory	648.62	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	476.05	60.64	149.4	170.41	221.8	210.64
Total Current Assets	3,001	3,259	3,636	3,726	4,059	3,206
Property, Plant & Equipment	4,135	4,445	4,142	4,056	4,325	4,800
Goodwill	-	1,964	1,964	1,964	1,964	1,964
Other Intangible Assets	4,740	2,762	2,795	2,831	2,865	2,911
Long-Term Deferred Tax Assets	58.92	150.67	162.16	675.5	668.75	787.78
Other Long-Term Assets	758.83	826.19	790.34	945.24	1,131	1,042
Total Assets	12,693	13,407	13,490	14,199	15,014	14,710
Accounts Payable	1,756	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	374.11	505.03	100	690.64	330	576.5
Current Portion of Leases	221.19	283.68	296.53	421.27	219.27	529.84
Current Income Taxes Payable	72.47	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	126	467.95	788.27	618.23	718.89	826.48
Total Current Liabilities	2,550	2,990	3,376	3,712	3,544	4,986
Long-Term Debt	3,408	3,433	3,489	3,593	4,143	3,089
Long-Term Leases	528.54	765.03	602.03	518.56	1,133	1,089
Long-Term Unearned Revenue	24.35	24.51	31.37	33.64	58.34	64.32
Pension & Post-Retirement Benefits	361.9	366.14	319.44	352.98	304.99	313.64
Long-Term Deferred Tax Liabilities	-	-	-	636.84	727.65	717.94
Total Liabilities	6,873	7,579	7,819	8,847	9,910	10,259
Common Stock	1,112	1,087	1,087	1,087	1,087	1,087
Additional Paid-In Capital	5,353	5,353	5,353	5,353	5,353	5,353
Retained Earnings	2,380	2,447	2,229	1,985	1,699	1,081
Treasury Stock	-2,622	-2,622	-2,622	-2,622	-2,618	-2,618
Comprehensive Income & Other	-350.83	-384.31	-323.13	-398.91	-365.72	-396.83
Total Common Equity	5,873	5,881	5,724	5,404	5,156	4,506
Minority Interest	-52.4	-53.82	-52.04	-52.36	-52.54	-56.12
Shareholders' Equity	5,820	5,827	5,672	5,352	5,103	4,450
Total Liabilities & Equity	12,693	13,407	13,490	14,199	15,014	14,710
Total Debt	4,532	4,987	4,938	5,223	5,825	6,115
Net Cash (Debt)	-3,906	-4,018	-3,878	-3,726	-4,125	-5,034
Net Cash Per Share	-4.99	-5.15	-4.98	-4.79	-5.29	-6.46
Filing Date Shares Outstanding	739.48	778.54	778.54	778.54	779.41	779.41
Total Common Shares Outstanding	739.48	778.54	778.54	778.54	779.41	779.41
Working Capital	450.64	268.33	259.92	14.49	515.48	-1,780
Book Value Per Share	7.94	7.55	7.35	6.94	6.61	5.78
Tangible Book Value	1,133	1,155	964.55	608.81	326.18	-368.49
Tangible Book Value Per Share	1.53	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

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