Sun Race Sturmey-Archer Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	424.31	306.83	342.7	413.27	708.57
Cash & Short-Term Investments	424.31	306.83	342.7	413.27	708.57
Cash Growth	38.29%	-10.47%	-17.08%	-41.68%	61.17%
Accounts Receivable	41.47	66.69	36.67	147.26	423.56
Other Receivables	18.06	24.81	10.04	17.56	20.54
Receivables	59.53	91.51	46.7	164.82	444.09
Inventory	967.01	1,139	1,327	1,435	943.11
Prepaid Expenses	12.82	14.13	16.07	6.55	5.14
Other Current Assets	-	-	10.37	46	96.6
Total Current Assets	1,464	1,552	1,743	2,065	2,198
Property, Plant & Equipment	632.54	669.56	858.33	765.49	567.53
Other Intangible Assets	3.02	4.74	2.26	1.55	1.73
Long-Term Deferred Tax Assets	77.67	72.75	63.08	58.22	42.89
Other Long-Term Assets	151.03	145.56	6.69	13.79	19.38
Total Assets	2,328	2,444	2,673	2,904	2,829
Accounts Payable	82.67	92.83	72.99	326.73	415.62
Accrued Expenses	7.81	8.27	7.47	9.83	6.58
Short-Term Debt	76.01	90.96	75.56	294.56	414.83
Current Portion of Long-Term Debt	504.34	11.1	11.07	5.33	-
Current Portion of Leases	0.99	3.42	2.82	4.71	5.29
Current Income Taxes Payable	4.24	-	36.05	120.48	73.17
Current Unearned Revenue	34.04	81.4	90.31	220.65	138.53
Other Current Liabilities	38.04	40.22	97.75	140.76	213.37
Total Current Liabilities	748.14	328.19	394	1,123	1,267
Long-Term Debt	202.49	754.58	874.2	332.51	260
Long-Term Leases	0.25	0.59	0.75	3.18	3.97
Pension & Post-Retirement Benefits	3.03	2.76	4.72	7.52	9.04
Long-Term Deferred Tax Liabilities	9.78	3.49	3.25	7.32	-
Other Long-Term Liabilities	1.27	1.18	-	-	-
Total Liabilities	964.97	1,091	1,277	1,474	1,540
Common Stock	600	600	600	600	600
Additional Paid-In Capital	95.12	95.12	95.12	47.59	47.59
Retained Earnings	645.76	651.14	702.2	788.52	658.43
Comprehensive Income & Other	22.07	7.08	-1.16	-5.28	-17.38
Shareholders' Equity	1,363	1,353	1,396	1,431	1,289
Total Liabilities & Equity	2,328	2,444	2,673	2,904	2,829
Total Debt	784.08	860.66	964.4	640.28	684.09
Net Cash (Debt)	-359.77	-553.83	-621.7	-227.01	24.49
Net Cash Growth	-	-	-	-	-92.25%
Net Cash Per Share	-6.00	-9.23	-10.35	-3.77	0.41
Filing Date Shares Outstanding	60	60	60	60	60
Total Common Shares Outstanding	60	60	60	60	60
Working Capital	715.53	1,223	1,349	942.3	930.12
Book Value Per Share	22.72	22.56	23.27	23.85	21.48
Tangible Book Value	1,360	1,349	1,394	1,429	1,287
Tangible Book Value Per Share	22.67	22.48	23.23	23.82	21.45
Land	180.73	179.85	190.52	189.72	169.1
Buildings	481.68	471.16	506.7	501.83	347.94
Machinery	639.65	625.05	708.3	557.21	456.25

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.