SM Investments Balance Sheet

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	73,759	101,847	112,528	103,746	106,561	89,353
Short-Term Investments	683	717	794	747.84	534.87	547.04
Cash & Short-Term Investments	74,442	102,564	113,322	104,493	107,096	89,900
Cash Growth	-15.32%	-9.49%	8.45%	-2.43%	19.13%	13.42%
Accounts Receivable	90,239	93,657	90,999	78,206	83,612	75,514
Other Receivables	8,295	7,914	10,189	14,769	15,305	16,665
Receivables	98,534	101,571	101,188	92,976	98,917	92,179
Inventory	127,355	121,152	121,595	119,199	107,941	87,799
Prepaid Expenses	10,582	11,307	17,359	20,540	19,881	18,482
Other Current Assets	20,507	24,808	30,336	22,263	27,715	18,008
Total Current Assets	331,420	361,402	383,800	359,471	361,549	306,368
Property, Plant & Equipment	112,880	111,348	106,542	101,392	92,020	90,251
Long-Term Investments	522,404	512,189	475,086	460,356	431,443	395,758
Goodwill	34,248	34,259	34,259	34,148	34,148	33,771
Other Intangible Assets	6,126	6,127	6,127	6,127	6,454	7,342
Long-Term Accounts Receivable	93,874	94,302	79,064	70,600	48,930	49,519
Long-Term Deferred Tax Assets	5,853	5,413	5,459	6,462	5,210	4,877
Long-Term Deferred Charges	7,836	7,242	5,569	2,779	-	-
Other Long-Term Assets	709,039	679,519	603,146	544,882	499,672	469,549
Total Assets	1,823,680	1,811,801	1,699,052	1,586,219	1,479,426	1,362,807

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	110,566	125,481	125,209	116,682	100,815	88,828
Accrued Expenses	44,848	37,250	37,407	34,516	33,457	29,232
Short-Term Debt	49,996	20,223	24,074	13,414	20,812	27,167
Current Portion of Long-Term Debt	59,343	100,397	104,628	113,529	87,047	63,707
Current Portion of Leases	3,396	3,377	3,196	2,977	3,153	2,590
Current Income Taxes Payable	3,660	3,550	4,093	3,650	3,205	2,311
Current Unearned Revenue	6,880	7,234	9,154	7,054	11,902	10,916
Other Current Liabilities	38,959	39,742	35,407	38,940	32,635	36,878
Total Current Liabilities	317,648	337,254	343,168	330,762	293,025	261,629
Long-Term Debt	401,766	390,839	371,872	374,759	397,850	381,619
Long-Term Leases	35,398	35,172	33,192	32,342	32,237	31,101
Pension & Post-Retirement Benefits	5,078	5,052	5,443	6,935	4,867	3,839
Long-Term Deferred Tax Liabilities	20,555	21,138	19,445	18,129	16,798	15,676
Other Long-Term Liabilities	67,237	66,711	59,507	51,091	42,459	45,335
Total Liabilities	847,682	856,166	832,627	814,018	787,236	739,199

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	12,331	12,331	12,261	12,261	12,261	12,046
Additional Paid-In Capital	74,597	76,667	71,752	71,837	75,839	75,827
Retained Earnings	652,553	627,230	551,901	480,289	412,464	358,338
Treasury Stock	-15,227	-11,400	-66	-66.3	-66.3	-25.39
Comprehensive Income & Other	-14,279	-9,570	-8,544	-7,716	-3,609	1,419
Total Common Equity	709,975	695,258	627,304	556,605	496,889	447,605
Minority Interest	266,023	260,377	239,121	215,596	195,301	176,004
Shareholders' Equity	975,998	955,635	866,425	772,200	692,190	623,608
Total Liabilities & Equity	1,823,680	1,811,801	1,699,052	1,586,219	1,479,426	1,362,807

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	549,899	550,008	536,962	537,022	541,098	506,184
Net Cash (Debt)	-475,457	-447,444	-423,640	-432,528	-434,002	-416,284
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-391.32	-366.76	-346.68	-353.95	-358.13	-345.58
Filing Date Shares Outstanding	1,215	1,221	1,222	1,222	1,222	1,205
Total Common Shares Outstanding	1,216	1,222	1,222	1,222	1,222	1,205
Working Capital	13,772	24,148	40,632	28,709	68,524	44,739
Book Value Per Share	583.84	568.89	513.33	455.48	406.61	371.58
Tangible Book Value	669,601	654,872	586,918	516,329	456,287	406,491
Tangible Book Value Per Share	550.63	535.85	480.28	422.52	373.39	337.45
Land	2,151	2,151	1,719	1,719	1,719	1,730
Buildings	23,994	24,160	22,825	20,773	19,893	19,822
Machinery	82,296	79,339	74,767	69,082	64,404	51,478
Construction In Progress	4,122	5,561	5,055	6,124	4,771	4,968
Leasehold Improvements	38,678	36,539	34,560	32,823	30,307	24,971