Panion & Bf Biotech 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	460.32	558.37	534.63	464.26	279.1
Trading Asset Securities	-	-	-	-	69.79
Cash & Short-Term Investments	460.32	558.37	534.63	464.26	348.89
Cash Growth	-17.56%	4.44%	15.16%	33.07%	-14.12%
Accounts Receivable	364.86	366.27	346.96	354.03	333.9
Other Receivables	57.22	34.42	11.94	6.68	29.6
Receivables	422.07	400.7	358.9	360.71	363.5
Inventory	568.16	526.93	538.1	545.65	528.53
Prepaid Expenses	14.69	22.94	36.25	22.7	30.5
Other Current Assets	1.59	1.52	8.77	5.97	3.12
Total Current Assets	1,467	1,510	1,477	1,399	1,275
Property, Plant & Equipment	1,693	1,614	1,635	1,555	1,521
Long-Term Investments	5.75	33.38	67.54	75.1	84.03
Goodwill	-	4.49	4.21	4.21	3.79
Other Intangible Assets	14.39	3.56	7.66	11.76	15.85
Long-Term Deferred Tax Assets	25.58	25.17	24.58	21.12	21.26
Other Long-Term Assets	21.42	17.05	20.03	26.68	32.28
Total Assets	3,227	3,208	3,235	3,094	2,953
Accounts Payable	162.55	153.28	133.46	125.27	130.23
Accrued Expenses	-	0.75	0.75	0.64	0.73
Short-Term Debt	420	500	535	395	265
Current Portion of Long-Term Debt	-	39.54	15.34	-	36.53
Current Portion of Leases	20.23	11.95	29.87	29.63	33.19
Current Income Taxes Payable	1.51	1.96	4.65	27.16	5.41
Other Current Liabilities	405.48	319.98	331.78	343.88	269.41
Total Current Liabilities	1,010	1,027	1,051	921.58	740.49
Long-Term Debt	159.97	169.43	156.73	39.52	127.75
Long-Term Leases	27.33	8.23	22.21	34.8	51.77
Pension & Post-Retirement Benefits	-	2.21	10.5	11.12	17.48
Long-Term Deferred Tax Liabilities	74.95	74.32	73.1	73.1	73.92
Other Long-Term Liabilities	-	4.17	10.72	6.3	8.67
Total Liabilities	1,272	1,286	1,324	1,086	1,020
Common Stock	857.39	857.39	857.39	857.39	857.39
Additional Paid-In Capital	770.86	806.87	866.89	871.17	903.76
Retained Earnings	347.65	273.36	210.87	300.39	209.24
Comprehensive Income & Other	-21.23	-15.44	-24.07	-21.84	-37.37
Shareholders' Equity	1,955	1,922	1,911	2,007	1,933
Total Liabilities & Equity	3,227	3,208	3,235	3,094	2,953
Total Debt	627.54	729.15	759.14	498.96	514.24
Net Cash (Debt)	-167.22	-170.78	-224.52	-34.7	-165.35
Net Cash Per Share	-1.94	-1.99	-2.62	-0.40	-2.09
Filing Date Shares Outstanding	85.43	85.74	85.74	85.74	85.74
Total Common Shares Outstanding	85.43	85.74	85.74	85.74	85.74
Working Capital	457.05	482.99	425.79	477.71	534.04
Book Value Per Share	22.88	22.42	22.29	23.41	22.55
Tangible Book Value	1,940	1,914	1,899	1,991	1,913
Tangible Book Value Per Share	22.71	22.32	22.15	23.22	22.32
Land	-	784.44	784.44	784.44	798.98
Buildings	-	401.62	396.32	335.79	375.78
Machinery	-	867.21	858.1	834.7	1,102
Construction In Progress	-	217.31	150.96	105.74	81.46

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