Top Frontier Investment Holdings, Inc. (PSE:TFHI)

PSE:TFHI Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	345,697	295,069	261,693	320,860	300,953	347,962
Short-Term Investments	1,378	576	554	532	593	185
Trading Asset Securities	396	438	1,012	1,349	298	275
Cash & Short-Term Investments	347,471	296,083	263,259	322,741	301,844	348,422
Cash Growth	22.13%	12.47%	-18.43%	6.92%	-13.37%	21.37%
Accounts Receivable	170,223	192,525	186,331	168,982	97,740	71,990
Other Receivables	74,851	75,255	78,429	70,529	61,859	50,656
Receivables	245,074	267,780	264,760	239,511	159,599	122,646
Inventory	165,085	181,611	165,510	193,622	144,320	106,229
Prepaid Expenses	109,241	127,205	114,790	101,573	88,825	83,588
Restricted Cash	25,321	18,422	14,076	17,411	10,872	3,111
Other Current Assets	2,048	11,935	10,232	12,614	6,956	5,993
Total Current Assets	894,240	903,036	832,627	887,472	712,416	669,989
Property, Plant & Equipment	891,304	983,380	910,778	870,483	783,622	736,536
Long-Term Investments	165,311	49,756	42,714	41,603	28,711	27,044
Goodwill	174,608	174,561	173,113	173,987	120,467	120,463
Other Intangible Assets	458,251	446,583	412,829	355,617	297,656	276,250
Long-Term Deferred Tax Assets	23,620	23,151	20,721	23,632	17,427	21,262
Long-Term Deferred Charges	-	76,671	56,622	17,457	19,063	19,015
Other Long-Term Assets	176,399	170,194	160,997	173,372	184,068	154,985
Total Assets	2,849,859	2,827,332	2,610,401	2,543,623	2,163,430	2,025,544
Accounts Payable	253,147	122,706	104,671	111,649	103,292	79,613
Accrued Expenses	-	12,774	12,283	11,850	10,436	10,049
Short-Term Debt	233,924	297,998	219,524	271,052	199,690	149,475
Current Portion of Long-Term Debt	128,399	94,194	236,869	170,103	88,928	74,616
Current Portion of Leases	7,586	11,639	20,121	21,983	24,756	27,622
Current Income Taxes Payable	39,995	43,734	46,328	38,633	23,135	21,031
Current Unearned Revenue	-	77	58	58	57	65
Other Current Liabilities	5,744	159,626	111,443	108,654	96,832	78,832
Total Current Liabilities	668,795	742,748	751,297	733,982	547,126	441,303
Long-Term Debt	1,222,886	1,173,572	954,225	918,583	725,589	693,112
Long-Term Leases	29,698	31,198	37,534	55,506	73,555	94,565
Pension & Post-Retirement Benefits	-	12,399	10,669	9,557	6,863	6,753
Long-Term Deferred Tax Liabilities	72,726	78,455	73,111	69,978	71,797	70,740
Other Long-Term Liabilities	35,521	24,490	29,375	27,710	27,425	31,951
Total Liabilities	2,029,626	2,062,862	1,856,211	1,815,316	1,452,355	1,338,424
Common Stock	535	535	535	490	490	490
Additional Paid-In Capital	131,305	131,305	131,305	120,501	120,501	120,501
Retained Earnings	68,358	39,044	52,471	69,919	85,426	85,660
Treasury Stock	-28,457	-28,457	-28,457	-28,457	-28,457	-28,457
Comprehensive Income & Other	79,373	69,474	77,795	80,685	31,439	29,113
Total Common Equity	251,114	211,901	233,649	243,138	209,399	207,307
Minority Interest	617,182	600,632	568,604	533,232	549,739	527,876
Shareholders' Equity	820,233	764,470	754,190	728,307	711,075	687,120
Total Liabilities & Equity	2,849,859	2,827,332	2,610,401	2,543,623	2,163,430	2,025,544
Total Debt	1,622,493	1,608,601	1,468,273	1,437,227	1,112,518	1,039,390
Net Cash (Debt)	-1,275,022	-1,312,518	-1,205,014	-1,114,486	-810,674	-690,968
Net Cash Per Share	-3400.06	-3500.05	-3375.39	-3377.23	-2456.59	-2093.84
Filing Date Shares Outstanding	377.89	377.89	377.89	332.89	332.89	332.89
Total Common Shares Outstanding	377.89	377.89	377.89	332.89	332.89	332.89
Working Capital	225,445	160,288	81,330	153,490	165,290	228,686
Book Value Per Share	464.11	360.34	417.90	502.89	553.47	547.18
Tangible Book Value	-381,745	-409,243	-352,293	-286,466	-208,724	-189,406
Tangible Book Value Per Share	-1210.62	-1283.39	-1132.68	-1088.05	-702.59	-644.56
Land	91,360	93,878	86,720	82,259	73,087	73,165
Buildings	117,386	104,255	94,991	82,252	66,513	63,426
Machinery	831,442	861,663	678,328	628,891	540,823	511,872
Construction In Progress	136,366	192,061	198,415	194,030	144,458	99,652
Leasehold Improvements	19,539	17,192	12,784	10,074	8,683	7,689

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