Sun Race Sturmey-Archer Balance Sheet

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

Millions TWD. 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	321.82	424.31	306.83	342.7	413.27	708.57
Short-Term Investments	77	-	-	-	-	-
Cash & Short-Term Investments	398.82	424.31	306.83	342.7	413.27	708.57
Cash Growth	14.72%	38.29%	-10.47%	-17.08%	-41.68%	61.17%
Accounts Receivable	61.45	41.47	66.69	36.67	147.26	423.56
Other Receivables	14.04	18.06	24.81	10.04	17.56	20.54
Receivables	75.5	59.53	91.51	46.7	164.82	444.09
Inventory	903.02	967.01	1,139	1,327	1,435	943.11
Prepaid Expenses	13.22	12.82	14.13	16.07	6.55	5.14
Other Current Assets	0	-	-	10.37	46	96.6
Total Current Assets	1,391	1,464	1,552	1,743	2,065	2,198
Property, Plant & Equipment	633.33	632.54	669.56	858.33	765.49	567.53
Other Intangible Assets	2.56	3.02	4.74	2.26	1.55	1.73
Long-Term Deferred Tax Assets	82.99	77.67	72.75	63.08	58.22	42.89
Other Long-Term Assets	150.98	151.03	145.56	6.69	13.79	19.38
Total Assets	2,260	2,328	2,444	2,673	2,904	2,829
Accounts Payable	65.46	82.67	92.83	72.99	326.73	415.62
Accrued Expenses	4.61	7.81	8.27	7.47	9.83	6.58
Short-Term Debt	47.14	76.01	90.96	75.56	294.56	414.83
Current Portion of Long-Term Debt	569.24	504.34	11.1	11.07	5.33	-
Current Portion of Leases	3.47	0.99	3.42	2.82	4.71	5.29
Current Income Taxes Payable	4.24	4.24	-	36.05	120.48	73.17
Current Unearned Revenue	37.34	34.04	81.4	90.31	220.65	138.53
Other Current Liabilities	31.14	38.04	40.22	97.75	140.76	213.37
Total Current Liabilities	762.63	748.14	328.19	394	1,123	1,267
Long-Term Debt	137.06	202.49	754.58	874.2	332.51	260
Long-Term Leases	5.81	0.25	0.59	0.75	3.18	3.97
Pension & Post-Retirement Benefits	3.02	3.03	2.76	4.72	7.52	9.04
Long-Term Deferred Tax Liabilities	10.19	9.78	3.49	3.25	7.32	-
Other Long-Term Liabilities	1.27	1.27	1.18	-	-	-
Total Liabilities	919.98	964.97	1,091	1,277	1,474	1,540
Common Stock	600	600	600	600	600	600
Additional Paid-In Capital	95.12	95.12	95.12	95.12	47.59	47.59
Retained Earnings	619.23	645.76	651.14	702.2	788.52	658.43
Comprehensive Income & Other	26.09	22.07	7.08	-1.16	-5.28	-17.38
Shareholders' Equity	1,340	1,363	1,353	1,396	1,431	1,289
Total Liabilities & Equity	2,260	2,328	2,444	2,673	2,904	2,829
Total Debt	762.71	784.08	860.66	964.4	640.28	684.09
Net Cash (Debt)	-363.9	-359.77	-553.83	-621.7	-227.01	24.49
Net Cash Growth	-	-	-	-	-	-92.25%
Net Cash Per Share	-6.06	-6.00	-9.23	-10.35	-3.77	0.41
Filing Date Shares Outstanding	60	60	60	60	60	60
Total Common Shares Outstanding	60	60	60	60	60	60
Working Capital	627.93	715.53	1,223	1,349	942.3	930.12
Book Value Per Share	22.34	22.72	22.56	23.27	23.85	21.48
Tangible Book Value	1,338	1,360	1,349	1,394	1,429	1,287
Tangible Book Value Per Share	22.30	22.67	22.48	23.23	23.82	21.45
Land	180.69	180.73	179.85	190.52	189.72	169.1
Buildings	483.28	481.68	471.16	506.7	501.83	347.94
Machinery	538.27	639.65	625.05	708.3	557.21	456.25