BFS-021 · Financial Statement & Forecast

Three-Year Financial Statement
Year 1 Actuals, Year 2–3 Forecast

Farm: Paombong, Bulacan Basis: Box B, 65,000 stocked, Path B harvest (420g) Prepared: Jul 26, 2026 · Updated: Aug 4, 2026
Year 2–3 = flat baseline, unconfirmed
Headline

Year 1 breaks even at ₱111.30/kg — below every price scenario tested, but the margin above the below-median floor is now much thinner.

Updated Year 1 total cost is ₱2,582,800 — up from the prior ₱1,886,000 estimate, driven by the two lease payments (₱600,000, treated as a Year 1 lump sum per your instruction) and reconciling in the ₱376,272 farm expense ledger (Expenses.ods, cross-checked against the Rainier Bautista chat) to close the gap between your listed categories and your stated total. Production basis is unchanged at 23,205 kg (Path B, 420g harvest). The farm still clears break-even at all three price points — below-median ₱120/kg, median ₱140/kg, ceiling ₱160/kg — but margin at the below-median floor has dropped from 32.3% to 7.2%. Year 2 and Year 3 exclude the lease lump sum (it's a one-time Year 1 payment, not a recurring cost) and otherwise repeat Year 1's recurring cost and output scale flat — not a growth forecast. See Section 8 before treating Y2/Y3 as final.

₱111.30/kg
Year 1 break-even price
23,205 kg
Year 1 production (Path B, 420g)
₱665,900
Year 1 net profit @ median ₱140/kg
₱4,590,000
3-yr cumulative net @ ceiling ₱160/kg

1 Year 1 Cost Breakdown

Figures as given — the eight cost categories for the current cycle, including the reconciled expense ledger line that closes the gap to your stated ₱2,582,800 total:

CategoryAmount% of Total
Feeds₱1,246,52848.3%
Lease — 1st & 2nd year₱400,00015.5%
Reconciled ledger — other farm expenses (Expenses.ods)₱376,27214.6%
Lease installment — 3rd year (paid Yr 1)₱200,0007.7%
Potential labor₱135,0005.2%
Other expense₱100,0003.9%
Salary A₱85,0003.3%
Salary B₱40,0001.5%
Total Year 1 cost₱2,582,800100%
Feed cost cross-check: ₱1,246,528 feed cost matches BFS-020's modeled Path B (grow to ~420g) feed cost exactly for the 65,000 fingerlings stocked Jun 24, 2026. That's the basis used for production and revenue in this document (Section 2).
Lease treated as a Year 1 lump sum: both lease entries (₱400,000 + ₱200,000 = ₱600,000) are posted entirely to Year 1 per your instruction, even though the second entry is labeled "3rd year installment." Years 2–3 in this document exclude the ₱600,000 lease from their flat baseline so it isn't paid three times over — see Section 8.

2 Production Basis (Year 1)

Stocked: 65,000 fingerlings (Jun 24, 2026)
Survival: 85% → 55,250 survivors
Harvest weight: ~420g (Path B, matches feed cost given)
Total production: 55,250 × 0.420 kg = 23,205 kg

If actual survival or harvest weight comes in different from this (confirm with a Day 30–40 weigh-sample per BFS-020 Section 9), production and every revenue figure below scales directly — re-run with the real number once known.

3 Break-Even Price — Individual by Year

YearTotal CostProductionBreak-Even Price
Year 1 (incl. ₱600,000 lease)₱2,582,80023,205 kg₱111.30/kg
Year 2 (flat baseline, ex-lease)₱1,982,80023,205 kg₱85.45/kg
Year 3 (flat baseline, ex-lease)₱1,982,80023,205 kg₱85.45/kg
3-Year Cumulative₱6,548,40069,615 kg₱94.07/kg

Year 1 break-even is higher than Year 2/3 because it carries the one-time ₱600,000 lease lump sum. Years 2 and 3 repeat Year 1's recurring costs flat (feeds, salaries, labor, other expenses) with the lease removed — see Section 8.

4 Year 1 — Profit & Loss by Price Scenario

ScenarioPrice/kgRevenueTotal CostNet ProfitMargin
Break-even₱111.30₱2,582,800₱2,582,800₱00%
Below-median₱120.00₱2,784,600₱2,582,800₱201,8007.2%
Median₱140.00₱3,248,700₱2,582,800₱665,90020.5%
Ceiling (farm-gate)₱160.00₱3,712,800₱2,582,800₱1,130,00030.4%

5 Year 2 — Profit & Loss (Flat Baseline, Ex-Lease)

Assumption flag: this repeats Year 1's recurring costs flat (₱1,982,800 — Year 1 total minus the ₱600,000 one-time lease) and the same production scale. It does not account for Box A (3.4 ha) coming online, additional cycles/year, inflation, or a new lease term. Treat as a floor scenario, not a growth plan — see Section 8.
ScenarioPrice/kgRevenueTotal CostNet ProfitMargin
Break-even₱85.45₱1,982,800₱1,982,800₱00%
Below-median₱120.00₱2,784,600₱1,982,800₱801,80028.8%
Median₱140.00₱3,248,700₱1,982,800₱1,265,90039.0%
Ceiling (farm-gate)₱160.00₱3,712,800₱1,982,800₱1,730,00046.6%

6 Year 3 — Profit & Loss (Flat Baseline, Ex-Lease)

Same assumption as Year 2. No compounding growth, no scale-up, no inflation, no new lease term applied.
ScenarioPrice/kgRevenueTotal CostNet ProfitMargin
Break-even₱85.45₱1,982,800₱1,982,800₱00%
Below-median₱120.00₱2,784,600₱1,982,800₱801,80028.8%
Median₱140.00₱3,248,700₱1,982,800₱1,265,90039.0%
Ceiling (farm-gate)₱160.00₱3,712,800₱1,982,800₱1,730,00046.6%

7 3-Year Cumulative Summary

ScenarioPrice/kg3-Yr Revenue3-Yr Cost3-Yr Net ProfitMargin
Below-median₱120.00₱8,353,800₱6,548,400₱1,805,40021.6%
Median₱140.00₱9,746,100₱6,548,400₱3,197,70032.8%
Ceiling (farm-gate)₱160.00₱11,138,400₱6,548,400₱4,590,00041.2%
69,615 kg
3-year total production
₱6,548,400
3-year total cost (incl. one-time lease)
₱3,197,700
3-year net profit @ median ₱140/kg

8 Assumptions to Confirm