Harbor Star Shipping Services, Inc. (PSE:TUGS)

PSE:TUGS 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	327.42	383.03	285.19	266.46	263.96	272.48
Cash & Short-Term Investments	327.42	383.03	285.19	266.46	263.96	272.48
Cash Growth	-18.64%	34.31%	7.03%	0.95%	-3.13%	173.99%
Accounts Receivable	1,286	1,192	1,089	1,067	806.41	555.14
Other Receivables	-	18.81	2.56	0.76	4.05	2.97
Receivables	1,286	1,211	1,091	1,068	810.47	558.12
Prepaid Expenses	613.33	98.07	80.59	120.29	108.76	53.78
Other Current Assets	28.91	528.26	533.18	416.27	345.73	429.15
Total Current Assets	2,256	2,220	1,990	1,871	1,529	1,314
Property, Plant & Equipment	4,676	4,636	4,600	4,427	3,964	3,845
Long-Term Investments	147.46	148.27	207.44	195	209.09	198.84
Goodwill	-	-	-	-	154.21	154.21
Other Intangible Assets	9.09	24.74	23.55	47.64	56.44	62.22
Long-Term Deferred Tax Assets	-	-	-	-	-	33.78
Other Long-Term Assets	336.76	307.38	312.27	311.21	296.32	305.94
Total Assets	7,425	7,337	7,133	6,851	6,209	5,914
Accounts Payable	1,383	612.18	444.72	399.96	333.36	255.83
Accrued Expenses	-	533.52	471.31	399.79	223.19	163.49
Short-Term Debt	-	-	-	22.73	522.27	498
Current Portion of Long-Term Debt	795.2	938.34	257.79	281.28	259.27	2,292
Current Portion of Leases	3.03	7.25	9.07	6.18	6.77	5.04
Current Income Taxes Payable	1.05	35.97	6	8.25	0.3	0.32
Current Unearned Revenue	-	-	9.37	11.77	10.96	7.19
Other Current Liabilities	-	96.44	105.5	93.82	79.78	56.22
Total Current Liabilities	2,182	2,224	1,304	1,224	1,436	3,278
Long-Term Debt	2,332	2,371	3,293	3,509	3,312	1,300
Long-Term Leases	39.21	38.97	41.43	27	31.83	35.59
Pension & Post-Retirement Benefits	179.06	178.03	164.52	142.23	105.99	124.46
Long-Term Deferred Tax Liabilities	263.54	236.83	243.38	170.36	49.45	-
Other Long-Term Liabilities	9.3	9.3	-	7.11	15.25	11.73
Total Liabilities	5,005	5,058	5,046	5,080	4,950	4,751
Common Stock	907.86	907.86	907.86	907.86	907.86	907.86
Additional Paid-In Capital	121.63	121.63	121.63	121.63	121.63	121.63
Retained Earnings	392.08	248.06	52.27	-7.69	-32.19	93.97
Treasury Stock	-37.61	-37.61	-37.61	-37.61	-37.61	-37.61
Comprehensive Income & Other	939.13	942.6	1,025	758.2	278.71	64.16
Total Common Equity	2,323	2,183	2,069	1,742	1,238	1,150
Minority Interest	96.39	96.39	18.11	28.98	20.53	13.37
Shareholders' Equity	2,419	2,279	2,087	1,771	1,259	1,163
Total Liabilities & Equity	7,425	7,337	7,133	6,851	6,209	5,914
Total Debt	3,169	3,356	3,601	3,847	4,132	4,131
Net Cash (Debt)	-2,842	-2,973	-3,316	-3,580	-3,868	-3,859
Net Cash Per Share	-3.18	-3.32	-3.71	-4.00	-4.32	-4.31
Filing Date Shares Outstanding	894.59	894.59	894.59	894.59	894.59	894.59
Total Common Shares Outstanding	894.59	894.59	894.59	894.59	894.59	894.59
Working Capital	73.29	-3.23	686.68	646.89	93.02	-1,965
Book Value Per Share	2.60	2.44	2.31	1.95	1.38	1.29
Tangible Book Value	2,314	2,158	2,046	1,695	1,028	933.58
Tangible Book Value Per Share	2.59	2.41	2.29	1.89	1.15	1.04
Land	-	39.56	39.56	39.56	39.56	39.56
Buildings	-	2,044	2,038	-	2,016	2,016
Machinery	-	1,372	1,334	3,217	1,112	1,123
Construction In Progress	-	65.56	23.26	23.01	18.14	18.14

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