Upson International Balance Sheet

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	873.23	889.35	1,361	801.41	1,101	680.84
Cash & Short-Term Investments	873.23	889.35	1,361	801.41	1,101	680.84
Cash Growth	-33.98%	-34.65%	69.81%	-27.20%	61.68%	155.00%
Accounts Receivable	260.36	284.74	134.94	55.31	19.68	68.94
Other Receivables	-	2.07	9.26	-	-	-
Receivables	260.36	286.81	144.19	55.31	19.68	68.94
Inventory	4,865	4,482	3,354	2,674	2,026	1,501
Prepaid Expenses	-	4.47	3.69	18.56	1.26	1.31
Other Current Assets	362.73	199.77	190.19	138.28	163.62	1,238
Total Current Assets	6,361	5,862	5,053	3,688	3,311	3,491
Property, Plant & Equipment	1,617	1,325	1,095	940.81	836.41	882.43
Long-Term Deferred Tax Assets	23.67	17.93	19.06	20.4	16.08	36.78
Other Long-Term Assets	30.86	77.83	59.72	40.14	-	-
Total Assets	8,032	7,283	6,227	4,689	4,164	4,410
Accounts Payable	1,701	1,143	1,256	1,180	1,588	1,118
Accrued Expenses	47.88	33.73	35.42	46.88	156.64	41.51
Short-Term Debt	1,434	1,286	850.95	1,093	837.27	1,396
Current Portion of Long-Term Debt	1,275	1,217	916.67	641.67	409.17	939.17
Current Portion of Leases	180.06	301.61	147.32	154.97	121.68	90.4
Current Income Taxes Payable	30.8	36.71	17.18	86.72	37.74	16.93
Other Current Liabilities	9.69	11.29	31.01	308.77	43.36	20.17
Total Current Liabilities	4,679	4,029	3,255	3,512	3,194	3,622
Long-Term Debt	-	-	-	-	-	150
Long-Term Leases	69.74	97.66	127.87	95.64	40.28	40.53
Pension & Post-Retirement Benefits	53.67	48.62	41.87	33.44	31.81	25.18
Total Liabilities	4,803	4,175	3,425	3,641	3,266	3,838
Common Stock	625	625	625	500	500	267.5
Additional Paid-In Capital	1,305	1,305	1,305	-	-	-
Retained Earnings	1,287	1,171	878.51	552.32	404.46	307.82
Comprehensive Income & Other	-7.49	-7.49	-6.81	-4.25	-6.25	-3.48
Total Common Equity	3,210	3,094	2,802	1,048	898.22	571.85
Minority Interest	19.37	13.46	-	-	-	-
Shareholders' Equity	3,230	3,107	2,802	1,048	898.22	571.85
Total Liabilities & Equity	8,032	7,283	6,227	4,689	4,164	4,410
Total Debt	2,959	2,902	2,043	1,985	1,408	2,616
Net Cash (Debt)	-2,086	-2,013	-681.93	-1,184	-307.6	-1,935
Net Cash Per Share	-0.67	-0.64	-0.23	-0.47	-0.23	-1.45
Filing Date Shares Outstanding	3,125	3,125	3,125	3,125	2,500	1,338
Total Common Shares Outstanding	3,125	3,125	3,125	2,500	2,500	1,338
Working Capital	1,682	1,833	1,798	175.79	117.82	-131.66
Book Value Per Share	1.03	0.99	0.90	0.42	0.36	0.43
Tangible Book Value	3,210	3,094	2,802	1,048	898.22	571.85
Tangible Book Value Per Share	1.03	0.99	0.90	0.42	0.36	0.43
Land	594.08	201.03	201.03	201.03	201.03	201.03
Buildings	257.58	208.47	208.47	208.47	29.19	29.19
Machinery	479.05	440.65	386.7	339.7	306.53	291.49
Construction In Progress	212.96	238.77	179.32	78.96	214.38	175.27
Leasehold Improvements	776.32	681.42	609.48	526.27	494.07	489.4

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