PAL Holdings 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	25,973	23,268	24,272	18,384	24,155
Short-Term Investments	5,243	5,262	20,972	13,391	3,076
Cash & Short-Term Investments	31,215	28,530	45,245	31,775	27,230
Cash Growth	9.41%	-36.94%	42.39%	16.69%	489.39%
Accounts Receivable	5,474	17,765	22,717	26,497	23,036
Other Receivables	624.6	3,638	4,288	5,578	4,470
Receivables	6,098	21,403	27,005	32,075	27,506
Inventory	6,648	5,951	4,967	3,618	3,098
Other Current Assets	3,284	4,800	4,226	4,907	1,488
Total Current Assets	47,246	60,685	81,442	72,376	59,323
Property, Plant & Equipment	159,724	132,701	120,191	113,018	114,753
Long-Term Investments	3,908	875.34	694.85	794.44	836.99
Long-Term Deferred Tax Assets	4,250	4,698	5,306	4,927	4,478
Other Long-Term Assets	15,493	14,302	12,098	14,922	14,456
Total Assets	230,620	213,261	219,732	206,037	193,847
Accounts Payable	12,011	9,382	13,145	15,123	13,119
Accrued Expenses	19,968	23,592	24,922	23,527	26,246
Short-Term Debt	-	-	-	-	1,387
Current Portion of Long-Term Debt	9,952	9,208	8,825	6,191	6,054
Current Portion of Leases	16,112	15,955	17,113	14,415	11,525
Current Income Taxes Payable	714.48	681.72	1,288	1,256	232.18
Current Unearned Revenue	25,027	28,069	27,531	22,116	11,904
Total Current Liabilities	83,784	86,889	92,825	82,629	70,465
Long-Term Debt	8,857	14,485	21,551	37,514	40,594
Long-Term Leases	64,199	40,572	48,942	54,511	65,172
Long-Term Unearned Revenue	6,963	8,287	6,742	5,037	3,978
Pension & Post-Retirement Benefits	17,446	16,807	15,053	13,062	11,912
Long-Term Deferred Tax Liabilities	-	-	-	-	0.09
Other Long-Term Liabilities	3,880	3,341	1,315	461.21	34.27
Total Liabilities	185,129	170,379	186,428	193,214	192,157
Common Stock	25,965	25,041	9,800	9,800	9,800
Additional Paid-In Capital	2,558	2,558	3.01	3.01	3.01
Retained Earnings	13,447	2,538	-4,623	-21,551	-29,788
Treasury Stock	-0.03	-0.03	-0.03	-0.03	-0.03
Comprehensive Income & Other	2,015	1,511	12,817	13,497	12,953
Total Common Equity	43,984	31,648	17,997	1,749	-7,033
Minority Interest	1,507	11,233	15,306	11,074	8,722
Shareholders' Equity	45,491	42,881	33,304	12,823	1,690
Total Liabilities & Equity	230,620	213,261	219,732	206,037	193,847
Total Debt	99,120	80,220	96,431	112,632	124,732
Net Cash (Debt)	-67,905	-51,690	-51,187	-80,856	-97,502
Net Cash Per Share	-2.53	-2.31	-4.41	-6.96	-8.40
Filing Date Shares Outstanding	26,852	26,852	11,611	11,611	11,611
Total Common Shares Outstanding	26,852	26,852	11,611	11,611	11,611
Working Capital	-36,538	-26,204	-11,384	-10,252	-11,143
Book Value Per Share	1.64	1.18	1.55	0.15	-0.61
Tangible Book Value	43,984	31,648	17,997	1,749	-7,033
Tangible Book Value Per Share	1.64	1.18	1.55	0.15	-0.61
Buildings	1,407	1,371	1,205	1,213	1,098
Machinery	3,748	282.03	1,635	8,399	8,101
Construction In Progress	29,911	22,751	14,492	5,872	5,283

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.