Semirara Mining and Power Corporation 17-Q

Financial Statements

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION June 30, 2026 December 31, 2025 Unaudited Audited ASSETS Current Assets Cash and cash equivalents P=18,336,680,127 P=4,363,886,635 Receivables 9,699,242,237 6,681,116,337 Inventories 17,883,207,079 17,270,701,024 Other current assets 1,078,282,032 1,344,596,033 Total Current Assets 46,997,411,475 29,660,300,029 Noncurrent Assets Investment in associate 1,263,411,378 1,347,880,980 Property, plant and equipment 30,936,137,523 34,429,322,477 Deferred tax assets – net 643,394,431 643,394,431 Other noncurrent assets 529,966,152 412,313,029 Total Noncurrent Assets 33,372,909,484 36,832,910,917 P=80,370,320,959 P=66,493,210,946 LIABILITIES AND EQUITY Current Liabilities Trade and other payables P=9,561,987,099 P=8,823,525,654 Current portion of long-term debt 526,680,533 939,711,246 Current portion of lease liabilities 4,959,844 7,274,653 Total Current Liabilities 10,093,627,476 9,770,511,553 Noncurrent Liabilities Long-term debt – net of current portion 4,999,602,377 56,983,543 Lease liabilities – net of current portion 22,366,787 25,393,843 Provision for decommissioning and site rehabilitation costs 398,757,408 398,757,408 Pension liabilities 465,955,089 423,923,188 Other noncurrent liabilities 32,942,505 35,892,580 Total Noncurrent Liabilities 5,919,624,166 940,950,562 Total Liabilities P=16,013,251,642 P=10,711,462,115 Equity Capital stock 4,264,609,290 4,264,609,290 Additional paid-in capital 6,675,527,411 6,675,527,411 Retained earnings 54,299,114,966 45,723,794,480 Net remeasurement losses on pension plan (142,655,672) (142,655,672) Treasury shares (739,526,678) (739,526,678) Total Equity 64,357,069,317 55,781,748,831 P=80,370,320,959 P=66,493,210,946 4 SEMIRARA MINING AND POWER CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) For the period For the quarter Jan to Jun 2026 Jan to Jun 2025 Apr to Jun 2026 Apr to Jun 2025 REVENUES Coal P=19,219,630,928 P=18,363,908,640 P=9,148,494,022 8,341,722,020 Power 14,800,426,658 12,966,931,982 9,446,375,427 6,480,332,543 34,020,057,586 31,330,840,622 18,594,869,449 14,822,054,563 COSTS OF SALES Coal 14,019,066,738 11,589,611,942 7,726,276,501 5,241,874,007 Power 5,666,223,518 5,955,123,678 3,041,663,188 2,950,942,619 19,685,290,256 17,544,735,620 10,767,939,689 8,192,816,626 GROSS PROFIT 14,334,767,330 13,786,105,002 7,826,929,760 6,62