Ipal S.A. Balance Sheet

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

Millions CLP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	22,624	10,278	16,443	13,958	13,684	11,450
Short-Term Investments	2.1	2.1	2.1	2.1	2.1	2.1
Cash & Short-Term Investments	22,626	10,280	16,445	13,960	13,686	11,452
Cash Growth	50.24%	-37.49%	17.80%	2.00%	19.51%	37.40%
Accounts Receivable	12,320	25,805	10,572	9,527	4,454	4,889
Other Receivables	2,492	10,541	13,676	2,965	1,602	2,545
Receivables	14,812	36,346	24,248	12,493	6,056	7,434
Inventory	8,158	7,033	6,937	6,142	6,671	5,586
Prepaid Expenses	44.05	4.42	12.23	15.26	24.87	4.05
Other Current Assets	4,594	3,346	2,134	1,039	970.16	660.45
Total Current Assets	50,235	57,010	49,776	33,649	27,408	25,135
Property, Plant & Equipment	17,880	18,443	19,246	21,129	22,713	23,526
Long-Term Investments	6,948	6,948	6,948	6,948	6,948	11,122
Goodwill	142.84	142.84	142.84	142.84	142.84	142.84
Other Intangible Assets	2,320	2,443	2,650	3,417	1,874	2,033
Long-Term Accounts Receivable	1,387	1,375	1,299	-	-	-
Long-Term Deferred Tax Assets	13,592	12,619	12,647	12,295	11,044	3,724
Other Long-Term Assets	49.91	112.11	121.74	112.71	81.37	99.85
Total Assets	92,555	99,092	92,830	77,694	70,211	65,783
Accounts Payable	7,344	7,735	7,175	6,547	6,138	3,712
Accrued Expenses	1,605	8,575	12,500	7,618	5,215	6,070
Current Portion of Long-Term Debt	2,962	4,645	443.57	428.82	613.25	2,178
Current Portion of Leases	702.83	747.09	111.34	9.8	9.8	-
Current Income Taxes Payable	2,665	1,460	2,759	653.61	284.05	117.96
Other Current Liabilities	9,193	11,112	12,084	5,992	3,567	2,523
Total Current Liabilities	24,471	34,275	35,074	21,249	15,828	14,602
Long-Term Debt	9,587	9,595	9,789	20,968	20,053	17,642
Long-Term Leases	21.12	160.05	167.02	7.09	13.86	-
Pension & Post-Retirement Benefits	7,157	6,230	3,020	1,507	2,133	690.7
Long-Term Deferred Tax Liabilities	4,890	4,677	4,984	5,280	5,381	8.39
Other Long-Term Liabilities	2,662	2,404	1,854	1,886	818.2	849.23
Total Liabilities	48,788	57,341	54,888	50,898	44,227	33,791
Common Stock	3,657	3,657	3,657	3,657	3,657	3,657
Retained Earnings	37,146	36,194	33,278	25,466	24,480	30,200
Comprehensive Income & Other	-851.05	-851.05	-851.05	-851.05	-851.05	-851.05
Total Common Equity	39,953	39,000	36,084	28,272	27,287	33,006
Minority Interest	3,815	2,751	1,858	-1,475	-1,303	-1,014
Shareholders' Equity	43,768	41,752	37,943	26,796	25,984	31,992
Total Liabilities & Equity	92,555	99,092	92,830	77,694	70,211	65,783
Total Debt	13,273	15,148	10,511	21,414	20,690	19,820
Net Cash (Debt)	9,354	-4,868	5,934	-7,454	-7,004	-8,368
Net Cash Growth	107.83%	-	-	-	-	-
Net Cash Per Share	850.85	-442.79	539.75	-678.04	-637.15	-761.18
Filing Date Shares Outstanding	10.99	10.99	10.99	10.99	10.99	10.99
Total Common Shares Outstanding	10.99	10.99	10.99	10.99	10.99	10.99
Working Capital	25,764	22,735	14,702	12,400	11,580	10,534
Book Value Per Share	3634.28	3547.67	3282.42	2571.74	2482.12	3002.37
Tangible Book Value	37,489	36,414	33,292	24,712	25,270	30,829
Tangible Book Value Per Share	3410.23	3312.44	3028.41	2247.94	2298.70	2804.40
Land	3,719	3,719	3,719	3,719	3,719	3,719
Buildings	15,910	15,910	14,572	14,635	14,634	14,634
Machinery	17,284	17,182	17,469	15,004	15,525	14,515
Construction In Progress	415.56	274.29	114.49	114.16	515.95	457.64