Taiwan Fertilizer 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	3,148	1,950	4,088	4,329	2,700	2,535
Short-Term Investments	78.55	670.33	686.77	667.52	573.53	127.06
Trading Asset Securities	895.87	1,016	415.24	80.03	80	60.01
Cash & Short-Term Investments	4,122	3,636	5,190	5,076	3,353	2,722
Cash Growth	-17.92%	-29.95%	2.24%	51.38%	23.20%	-50.88%
Accounts Receivable	1,617	1,036	921.28	835.87	1,032	1,935
Other Receivables	253.42	206.59	181.64	782.74	1,351	11.33
Receivables	1,870	1,243	1,103	1,619	2,383	1,946
Inventory	2,467	3,150	2,832	2,585	3,182	2,711
Prepaid Expenses	515.71	457.53	61.17	530.69	869.24	207.55
Other Current Assets	876.8	26.8	28.43	16.38	13.06	249.34
Total Current Assets	9,853	8,513	9,214	9,827	9,801	7,836
Property, Plant & Equipment	12,881	13,081	13,614	13,516	14,454	15,244
Long-Term Investments	14,200	13,804	13,947	13,172	12,831	14,264
Goodwill	-	-	-	75.02	75.02	75.02
Other Intangible Assets	6.99	7.85	40.5	43.4	46.05	49.58
Long-Term Accounts Receivable	-	20.82	23.3	57.22	65.56	84.13
Long-Term Deferred Tax Assets	383.89	384.13	275.42	347.96	247.95	391.92
Other Long-Term Assets	45,981	45,713	43,992	44,488	43,232	41,399
Total Assets	83,305	81,525	81,107	81,526	80,752	79,343
Accounts Payable	342.29	321.26	290.54	393.23	890.87	2,318
Short-Term Debt	-	-	-	-	-	20
Current Portion of Leases	25.09	35.32	43.57	39.64	38.86	38.63
Current Income Taxes Payable	243.37	242.84	117.51	605.31	703.39	133.12
Current Unearned Revenue	119.09	560.85	550.79	549.68	619.75	553.62
Other Current Liabilities	1,743	1,515	773.17	1,143	917.97	864.32
Total Current Liabilities	2,472	2,676	1,776	2,730	3,171	3,928
Long-Term Debt	2,015	500	-	-	-	-
Long-Term Leases	1.11	1.37	38.44	74.77	114.41	153.27
Long-Term Unearned Revenue	-	16,193	15,659	16,078	16,497	14,257
Pension & Post-Retirement Benefits	-	40.86	87.37	107.61	112.66	136.61
Long-Term Deferred Tax Liabilities	7,016	6,954	6,896	6,794	6,969	7,450
Other Long-Term Liabilities	16,947	885.24	960.91	1,001	828.26	790.77
Total Liabilities	28,451	27,250	25,418	26,786	27,691	26,715
Common Stock	9,800	9,800	9,800	9,800	9,800	9,800
Additional Paid-In Capital	2,246	2,246	2,245	2,245	2,245	2,245
Retained Earnings	38,348	38,163	39,194	39,756	38,304	38,367
Comprehensive Income & Other	4,460	4,065	4,450	2,938	2,712	2,216
Shareholders' Equity	54,854	54,275	55,689	54,740	53,061	52,628
Total Liabilities & Equity	83,305	81,525	81,107	81,526	80,752	79,343
Total Debt	2,041	536.69	82.01	114.41	153.27	211.89
Net Cash (Debt)	2,081	3,099	5,108	4,962	3,200	2,510
Net Cash Growth	-57.97%	-39.33%	2.95%	55.06%	27.50%	-52.89%
Net Cash Per Share	2.12	3.16	5.21	5.05	3.26	2.56
Filing Date Shares Outstanding	980	980	980	980	980	980
Total Common Shares Outstanding	980	980	980	980	980	980
Working Capital	7,380	5,838	7,439	7,096	6,630	3,908
Book Value Per Share	55.97	55.38	56.83	55.86	54.14	53.70
Tangible Book Value	54,847	54,267	55,649	54,621	52,940	52,503
Tangible Book Value Per Share	55.97	55.37	56.78	55.74	54.02	53.57
Land	-	3,638	3,638	3,638	3,638	3,639
Buildings	-	5,169	5,112	4,694	4,925	4,953
Machinery	-	13,051	12,639	12,306	12,375	12,252
Construction In Progress	-	1,037	1,102	963.58	334.08	308.09

Source: S&P Global Market Intelligence. Standard template. Financial Sources.