Mabuhay Vinyl 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	914.98	1,195	680.07	596.6	642.75
Short-Term Investments	616.56	-	93.87	-	-
Cash & Short-Term Investments	1,532	1,195	773.94	596.6	642.75
Cash Growth	28.13%	54.45%	29.73%	-7.18%	-38.04%
Accounts Receivable	720.85	782.04	711.04	693.18	600.61
Other Receivables	17.67	15.44	14.75	6.27	7.95
Receivables	740.37	899.82	1,328	1,401	1,311
Inventory	494.4	495.82	325.53	449.38	315.29
Prepaid Expenses	51.44	47.94	44.28	32.5	26.9
Other Current Assets	0.21	3.35	5.42	7.79	19.45
Total Current Assets	2,818	2,642	2,477	2,488	2,315
Property, Plant & Equipment	1,261	1,327	1,546	1,178	1,055
Long-Term Investments	607.54	581.39	37.63	29.79	23.41
Other Intangible Assets	-	0.02	0.13	0.25	0.36
Long-Term Deferred Tax Assets	7.42	13.03	-	-	-
Other Long-Term Assets	53.58	21.7	269.04	254.17	54.92
Total Assets	4,749	4,588	4,334	3,956	3,452
Accounts Payable	76.36	230.39	149.63	186.47	52.35
Accrued Expenses	172.59	139.49	92.81	85.81	77.62
Current Portion of Leases	10.18	41.41	12.8	9.36	8.38
Current Income Taxes Payable	18.93	-	19.11	37.66	31.48
Current Unearned Revenue	-	-	3.16	3.16	7.4
Other Current Liabilities	66.36	64.69	80.55	65.55	56.45
Total Current Liabilities	344.41	475.99	358.06	388	233.68
Long-Term Leases	99.34	109.52	116.12	47.74	57.1
Pension & Post-Retirement Benefits	-	3.42	5.74	-	-
Long-Term Deferred Tax Liabilities	-	-	121.77	131.05	125.56
Other Long-Term Liabilities	1.79	1.79	1.79	1.79	1.79
Total Liabilities	445.55	590.72	603.48	568.59	418.13
Common Stock	661.31	661.31	661.31	661.31	661.31
Additional Paid-In Capital	176.59	176.59	176.59	176.59	176.59
Retained Earnings	3,460	3,170	2,479	2,136	1,803
Comprehensive Income & Other	5.74	-10.59	405.04	404.19	384.56
Total Common Equity	4,303	3,998	3,722	3,379	3,026
Minority Interest	-	-	8.62	8.71	8.35
Shareholders' Equity	4,303	3,998	3,730	3,387	3,034
Total Liabilities & Equity	4,749	4,588	4,334	3,956	3,452
Total Debt	109.52	150.93	128.92	57.1	65.48
Net Cash (Debt)	1,422	1,044	645.02	539.5	577.27
Net Cash Growth	36.15%	61.92%	19.56%	-6.54%	-42.97%
Net Cash Per Share	2.15	1.58	0.98	0.82	0.87
Filing Date Shares Outstanding	661.31	661.31	661.31	661.31	661.31
Total Common Shares Outstanding	661.31	661.31	661.31	661.31	661.31
Working Capital	2,474	2,166	2,119	2,100	2,081
Book Value Per Share	6.51	6.05	5.63	5.11	4.58
Tangible Book Value	4,303	3,998	3,722	3,378	3,026
Tangible Book Value Per Share	6.51	6.05	5.63	5.11	4.58
Land	43.7	43.7	606.59	606.57	548.74
Buildings	418.63	411.79	334.57	334.57	326.49
Machinery	2,915	2,901	2,305	2,273	2,170
Construction In Progress	434.36	337.81	544.39	185.72	95.74
Leasehold Improvements	23.14	23.14	23.14	23.14	22.71

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