Nickel Asia 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	18,921	12,935	15,482	10,809	10,827	11,835
Short-Term Investments	423.36	529.19	504.91	803.16	3,297	2,649
Trading Asset Securities	133.67	1,422	1,291	3,361	5,266	2,847
Cash & Short-Term Investments	19,478	14,886	17,279	14,973	19,390	17,331
Cash Growth	29.72%	-13.85%	15.40%	-22.78%	11.88%	4.60%
Accounts Receivable	1,328	825.48	1,088	2,264	1,245	991.82
Other Receivables	154.67	264.64	213.1	194.17	474.06	157.3
Receivables	1,483	1,090	1,301	2,463	1,922	1,405
Inventory	2,526	3,356	3,038	2,432	2,243	2,930
Prepaid Expenses	1,937	514.76	405.69	210.11	195.22	151.1
Other Current Assets	330.97	3,989	1,465	876.39	260.89	195.21
Total Current Assets	25,755	23,836	23,489	20,955	24,011	22,012
Property, Plant & Equipment	27,477	26,869	21,264	16,164	20,342	19,914
Long-Term Investments	4,383	4,699	6,828	8,316	5,044	4,251
Other Intangible Assets	-	114.41	79.99	13.77	62.39	36.08
Long-Term Deferred Tax Assets	333.96	554.61	439.6	400.61	309.75	607.26
Long-Term Deferred Charges	-	137.74	268.38	21.71	26.76	118.29
Other Long-Term Assets	9,658	5,440	5,557	3,887	1,841	1,669
Total Assets	67,607	61,651	57,927	49,759	51,701	48,913
Accounts Payable	3,924	2,080	1,326	1,036	693.24	912.63
Accrued Expenses	16.11	997.49	950.28	814.83	847.75	854.14
Short-Term Debt	6,270	6,986	5,848	1,498	1,493	1,493
Current Portion of Long-Term Debt	316.73	372.15	345.76	97.57	89.25	84.04
Current Portion of Leases	41.93	95.69	54.35	7.62	35.75	30.98
Current Income Taxes Payable	1,472	401.53	321.99	625.32	773.45	1,034
Current Unearned Revenue	-	167.23	5.22	4.19	7.25	26.8
Other Current Liabilities	760.72	1,652	1,138	689.54	7,985	6,509
Total Current Liabilities	12,802	12,752	9,990	4,773	11,925	10,944
Long-Term Debt	3,806	2,060	2,342	2,119	867.11	893.41
Long-Term Leases	930.19	877.44	779.08	603.55	578.19	584.92
Long-Term Unearned Revenue	26.19	29.33	33.52	37.71	41.9	46.09
Pension & Post-Retirement Benefits	102.63	84.96	388.72	435.44	624.11	676.09
Long-Term Deferred Tax Liabilities	379.11	505.87	378.92	468.26	511.43	501.2
Other Long-Term Liabilities	946.31	927.4	909.55	791.06	823.96	670.47
Total Liabilities	18,992	17,238	14,822	9,228	15,372	14,317
Common Stock	6,993	6,993	6,993	6,843	6,843	6,843
Additional Paid-In Capital	9,206	9,206	9,206	8,272	8,272	8,272
Retained Earnings	22,556	18,895	19,135	18,754	16,845	15,142
Treasury Stock	-134.01	-134.01	-134.01	-134.01	-134.01	-134.01
Comprehensive Income & Other	908.69	1,660	1,052	1,947	1,107	912.3
Total Common Equity	39,529	36,619	36,252	35,681	32,933	31,035
Minority Interest	9,079	7,787	6,846	4,842	3,389	3,554
Shareholders' Equity	48,615	44,413	43,105	40,531	36,329	34,597
Total Liabilities & Equity	67,607	61,651	57,927	49,759	51,701	48,913
Total Debt	11,365	10,391	9,369	4,326	3,063	3,086
Net Cash (Debt)	8,113	4,495	7,910	10,647	16,327	14,245
Net Cash Growth	73.03%	-43.18%	-25.71%	-34.79%	14.62%	5.90%
Net Cash Per Share	0.58	0.32	0.57	0.78	1.20	1.04
Filing Date Shares Outstanding	13,931	13,931	13,931	13,631	13,631	13,631
Total Common Shares Outstanding	13,931	13,931	13,931	13,631	13,631	13,631
Working Capital	12,953	11,084	13,498	16,182	12,086	11,068
Book Value Per Share	2.84	2.63	2.60	2.62	2.42	2.28
Tangible Book Value	39,529	36,505	36,172	35,668	32,870	30,999
Tangible Book Value Per Share	2.84	2.62	2.60	2.62	2.41	2.27
Land	-	841.08	292.21	292.89	292.89	292.89
Buildings	-	5,486	4,582	4,649	4,567	4,140
Machinery	-	20,151	20,063	17,274	16,472	15,482
Construction In Progress	-	10,299	4,046	2,416	6,054	7,394

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