Panion & Bf Biotech Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	379.98	558.37	534.63	464.26	279.1	310.11
Trading Asset Securities	-	-	-	-	69.79	96.13
Cash & Short-Term Investments	379.98	558.37	534.63	464.26	348.89	406.24
Cash Growth	-14.17%	4.44%	15.16%	33.07%	-14.12%	-12.67%
Accounts Receivable	356.38	366.27	346.96	354.03	333.9	368.93
Other Receivables	56.6	34.42	11.94	6.68	29.6	81.07
Receivables	412.98	400.7	358.9	360.71	363.5	450
Inventory	561.98	526.93	538.1	545.65	528.53	560.66
Prepaid Expenses	26.73	22.94	36.25	22.7	30.5	36.99
Other Current Assets	2.26	1.52	8.77	5.97	3.12	0.49
Total Current Assets	1,384	1,510	1,477	1,399	1,275	1,454
Property, Plant & Equipment	1,686	1,614	1,635	1,555	1,521	1,412
Long-Term Investments	5.64	33.38	67.54	75.1	84.03	82.66
Goodwill	4.17	4.49	4.21	4.21	3.79	3.85
Other Intangible Assets	0.79	3.56	7.66	11.76	15.85	19.95
Long-Term Deferred Tax Assets	25.17	25.17	24.58	21.12	21.26	16.47
Other Long-Term Assets	18.71	17.05	20.03	26.68	32.28	85.14
Total Assets	3,125	3,208	3,235	3,094	2,953	3,074
Accounts Payable	161.51	153.28	133.46	125.27	130.23	162.26
Accrued Expenses	0.51	0.75	0.75	0.64	0.73	0.69
Short-Term Debt	440	500	535	395	265	465
Current Portion of Long-Term Debt	48.52	39.54	15.34	-	36.53	30.95
Current Portion of Leases	19.28	11.95	29.87	29.63	33.19	30.1
Current Income Taxes Payable	1.38	1.96	4.65	27.16	5.41	-
Other Current Liabilities	311.64	319.98	331.78	343.88	269.41	257.01
Total Current Liabilities	982.84	1,027	1,051	921.58	740.49	946.01
Long-Term Debt	108.08	169.43	156.73	39.52	127.75	712.14
Long-Term Leases	28.11	8.23	22.21	34.8	51.77	74.64
Pension & Post-Retirement Benefits	2.21	2.21	10.5	11.12	17.48	20.62
Long-Term Deferred Tax Liabilities	74.32	74.32	73.1	73.1	73.92	73.92
Other Long-Term Liabilities	27.14	4.17	10.72	6.3	8.67	6.66
Total Liabilities	1,223	1,286	1,324	1,086	1,020	1,834
Common Stock	857.39	857.39	857.39	857.39	857.39	767.39
Additional Paid-In Capital	770.86	806.87	866.89	871.17	903.76	391.98
Retained Earnings	296.59	273.36	210.87	300.39	209.24	117.88
Comprehensive Income & Other	-22.85	-15.44	-24.07	-21.84	-37.37	-37.28
Shareholders' Equity	1,902	1,922	1,911	2,007	1,933	1,240
Total Liabilities & Equity	3,125	3,208	3,235	3,094	2,953	3,074
Total Debt	643.99	729.15	759.14	498.96	514.24	1,313
Net Cash (Debt)	-264.01	-170.78	-224.52	-34.7	-165.35	-906.58
Net Cash Per Share	-3.08	-1.99	-2.62	-0.40	-2.09	-11.81
Filing Date Shares Outstanding	85.74	85.74	85.74	85.74	85.74	76.74
Total Common Shares Outstanding	85.74	85.74	85.74	85.74	85.74	76.74
Working Capital	401.09	482.99	425.79	477.71	534.04	508.36
Book Value Per Share	22.18	22.42	22.29	23.41	22.55	16.16
Tangible Book Value	1,897	1,914	1,899	1,991	1,913	1,216
Tangible Book Value Per Share	22.13	22.32	22.15	23.22	22.32	15.85
Land	784.44	784.44	784.44	784.44	798.98	798.98
Buildings	382.56	401.62	396.32	335.79	375.78	377.82
Machinery	779.27	867.21	858.1	834.7	1,102	950.08
Construction In Progress	309.21	217.31	150.96	105.74	81.46	29.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.