Manila Electric Company 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	88,220	84,480	82,789	55,832	55,007	50,912
Short-Term Investments	1,498	8,826	7,544	17,997	17,565	8,019
Accounts Receivable	56,519	55,800	42,019	48,927	41,156	53,950
Other Receivables	31,283	8,897	6,251	5,756	3,857	4,170
Inventory	10,852	11,422	11,130	10,629	9,817	5,484
Prepaid Expenses	1,891	3,194	3,178	7,676	5,612	3,746
Other Current Assets	13,108	6,997	9,711	7,470	5,140	2,101
Total Current Assets	203,371	179,616	162,622	154,287	138,154	128,382
Property, Plant & Equipment	354,670	289,376	273,335	244,296	225,891	163,788
Goodwill	-	-	-	-	35	35
Other Intangible Assets	40,682	41,559	53,634	21,691	15,054	2,233
Long-Term Investments	141,814	53,011	52,621	55,531	56,124	48,741
Long-Term Deferred Tax Assets	27,819	26,382	24,628	22,657	27,143	28,943
Other Long-Term Assets	23,336	28,014	21,594	20,799	21,214	18,145
Total Assets	791,692	617,958	588,434	519,261	483,615	390,267
Accounts Payable	73,232	69,177	63,977	65,960	54,489	47,805
Accrued Expenses	27,183	28,115	33,871	33,319	24,906	21,398
Short-Term Debt	34,402	34,287	27,583	29,491	28,834	23,373
Current Portion of Long-Term Debt	9,284	5,692	9,591	5,585	9,114	1,962
Current Unearned Revenue	12,134	11,268	6,339	6,594	7,692	7,002
Current Portion of Leases	84	102	2,679	483	-	-
Current Income Taxes Payable	2,080	2,070	1,550	92	1,637	3,056
Other Current Liabilities	92,910	85,663	88,134	64,201	34,909	38,005
Total Current Liabilities	251,309	236,374	233,724	205,725	161,581	142,601
Long-Term Debt	169,744	54,797	62,272	68,757	52,720	14,809
Pension & Post-Retirement Benefits	18,508	16,263	10,263	2,893	10,257	15,327
Long-Term Deferred Tax Liabilities	8,548	8,769	9,845	5,427	5,959	316
Other Long-Term Liabilities	121,263	115,873	104,227	112,350	147,770	136,483
Total Liabilities	569,372	432,076	420,331	395,152	378,287	309,536
Common Stock	11,273	11,273	11,273	11,273	11,273	11,273
Additional Paid-In Capital	4,111	4,111	4,111	4,111	4,111	4,111
Retained Earnings	131,911	123,339	101,746	85,755	75,394	66,414
Treasury Stock	-13	-13	-11	-11	-11	-11
Comprehensive Income & Other	18,275	5,889	5,176	8,536	4,437	-2,550
Total Common Equity	165,557	144,599	122,295	109,664	95,204	79,237
Minority Interest	56,763	41,283	45,808	14,445	10,124	1,494
Shareholders' Equity	222,320	185,882	168,103	124,109	105,328	80,731
Total Liabilities & Equity	791,692	617,958	588,434	519,261	483,615	390,267
Total Debt	213,514	94,878	102,125	104,316	90,668	40,144
Net Cash (Debt)	-123,796	-1,572	-11,792	-30,487	-18,096	18,787
Net Cash Growth	-	-	-	-	-	-37.63%
Net Cash Per Share	-109.85	-1.39	-10.46	-27.05	-16.06	16.67
Filing Date Shares Outstanding	1,127	1,127	1,127	1,127	1,127	1,127
Total Common Shares Outstanding	1,127	1,127	1,127	1,127	1,127	1,127
Working Capital	-47,938	-56,758	-71,102	-51,438	-23,427	-14,219
Book Value Per Share	146.89	128.29	108.50	97.30	84.47	70.30
Tangible Book Value	124,875	103,040	68,661	87,973	80,115	76,969
Tangible Book Value Per Share	110.79	91.42	60.92	78.05	71.08	68.29
Land	35,828	31,601	31,242	18,807	17,699	15,752
Buildings	14,649	-	-	15,707	12,946	7,401
Machinery	339,754	337,078	319,689	279,225	271,385	208,184
Construction In Progress	96,057	43,700	37,362	33,907	25,166	25,822

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