Nickel Asia 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	11,915	17,574	12,935	15,482	10,809	10,827
Short-Term Investments	408.29	406.6	529.19	504.91	803.16	3,297
Trading Asset Securities	127.15	1,532	1,422	1,291	3,361	5,266
Cash & Short-Term Investments	12,450	19,513	14,886	17,279	14,973	19,390
Cash Growth	-4.76%	31.08%	-13.85%	15.40%	-22.78%	11.88%
Accounts Receivable	1,865	1,199	825.48	1,088	2,264	1,245
Other Receivables	-	856.83	264.64	213.1	194.17	474.06
Receivables	1,865	2,056	1,090	1,301	2,463	1,922
Inventory	3,475	2,647	3,356	3,038	2,432	2,243
Prepaid Expenses	1,595	577.55	514.76	405.69	210.11	195.22
Other Current Assets	-	814.4	3,989	1,465	876.39	260.89
Total Current Assets	19,385	25,607	23,836	23,489	20,955	24,011
Property, Plant & Equipment	34,233	35,793	28,991	21,264	16,164	20,342
Long-Term Investments	4,637	4,631	4,699	6,828	8,316	5,044
Other Intangible Assets	-	318.05	114.41	79.99	13.77	62.39
Long-Term Deferred Tax Assets	253.49	270.36	554.61	439.6	400.61	309.75
Long-Term Deferred Charges	-	110.38	158.72	268.38	21.71	26.76
Other Long-Term Assets	7,144	3,437	3,298	5,557	3,887	1,841
Total Assets	65,653	70,168	61,651	57,927	49,759	51,701
Accounts Payable	4,012	1,242	2,080	1,326	1,036	693.24
Accrued Expenses	-	1,150	997.49	950.28	814.83	847.75
Short-Term Debt	2,100	5,048	6,986	5,848	1,498	1,493
Current Portion of Long-Term Debt	498.61	454.83	372.15	345.76	97.57	89.25
Current Portion of Leases	87.39	111.91	95.69	54.35	7.62	35.75
Current Income Taxes Payable	779.04	590.77	401.53	321.99	625.32	773.45
Current Unearned Revenue	-	39.94	167.23	5.22	4.19	7.25
Other Current Liabilities	800.72	2,260	1,652	1,138	689.54	7,985
Total Current Liabilities	8,278	10,897	12,752	9,990	4,773	11,925
Long-Term Debt	8,806	8,906	2,060	2,342	2,119	867.11
Long-Term Leases	1,114	1,083	877.44	779.08	603.55	578.19
Long-Term Unearned Revenue	24.09	25.14	29.33	33.52	37.71	41.9
Pension & Post-Retirement Benefits	93.29	72.18	84.96	388.72	435.44	624.11
Long-Term Deferred Tax Liabilities	423.74	411.31	505.87	378.92	468.26	511.43
Other Long-Term Liabilities	945.65	944.46	927.4	909.55	791.06	823.96
Total Liabilities	19,684	22,339	17,238	14,822	9,228	15,372
Common Stock	7,000	6,993	6,993	6,993	6,843	6,843
Additional Paid-In Capital	9,206	9,206	9,206	9,206	8,272	8,272
Retained Earnings	21,054	22,632	18,895	19,135	18,754	16,845
Treasury Stock	-134.01	-134.01	-134.01	-134.01	-134.01	-134.01
Comprehensive Income & Other	1,078	1,015	1,660	1,052	1,947	1,107
Total Common Equity	38,203	39,712	36,619	36,252	35,681	32,933
Minority Interest	7,766	8,110	7,787	6,846	4,842	3,389
Shareholders' Equity	45,969	47,829	44,413	43,105	40,531	36,329
Total Liabilities & Equity	65,653	70,168	61,651	57,927	49,759	51,701
Total Debt	12,606	15,604	10,391	9,369	4,326	3,063
Net Cash (Debt)	-155.37	3,909	4,495	7,910	10,647	16,327
Net Cash Growth	-	-13.04%	-43.18%	-25.71%	-34.79%	14.62%
Net Cash Per Share	-0.01	0.28	0.32	0.57	0.78	1.20
Filing Date Shares Outstanding	12,392	13,931	13,931	13,931	13,631	13,631
Total Common Shares Outstanding	12,392	13,931	13,931	13,931	13,631	13,631
Working Capital	11,108	14,710	11,084	13,498	16,182	12,086
Book Value Per Share	3.08	2.85	2.63	2.60	2.62	2.42
Tangible Book Value	38,203	39,394	36,505	36,172	35,668	32,870
Tangible Book Value Per Share	3.08	2.83	2.62	2.60	2.62	2.41
Land	-	1,983	841.08	292.21	292.89	292.89
Buildings	-	6,153	5,486	4,582	4,649	4,567
Machinery	-	22,853	20,151	20,063	17,274	16,472
Construction In Progress	-	13,418	10,299	4,046	2,416	6,054

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