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 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	451.62	460.32	558.37	534.63	464.26	279.1
Trading Asset Securities	-	-	-	-	-	69.79
Cash & Short-Term Investments	451.62	460.32	558.37	534.63	464.26	348.89
Cash Growth	-10.58%	-17.56%	4.44%	15.16%	33.07%	-14.12%
Accounts Receivable	354.26	364.86	366.27	346.96	354.03	333.9
Other Receivables	56.74	57.22	34.42	11.94	6.68	29.6
Receivables	411	422.07	400.7	358.9	360.71	363.5
Inventory	563.35	568.16	526.93	538.1	545.65	528.53
Prepaid Expenses	22.37	14.69	22.94	36.25	22.7	30.5
Other Current Assets	1.1	1.59	1.52	8.77	5.97	3.12
Total Current Assets	1,449	1,467	1,510	1,477	1,399	1,275
Property, Plant & Equipment	1,698	1,693	1,614	1,635	1,555	1,521
Long-Term Investments	5.71	5.75	33.38	67.54	75.1	84.03
Goodwill	4.39	4.31	4.49	4.21	4.21	3.79
Other Intangible Assets	9.78	10.09	3.56	7.66	11.76	15.85
Long-Term Deferred Tax Assets	25.58	25.58	25.17	24.58	21.12	21.26
Other Long-Term Assets	20.55	21.42	17.05	20.03	26.68	32.28
Total Assets	3,213	3,227	3,208	3,235	3,094	2,953
Accounts Payable	152.45	162.55	153.28	133.46	125.27	130.23
Accrued Expenses	0.75	0.63	0.75	0.75	0.64	0.73
Short-Term Debt	410	420	500	535	395	265
Current Portion of Long-Term Debt	49.85	49.56	39.54	15.34	-	36.53
Current Portion of Leases	19.59	20.23	11.95	29.87	29.63	33.19
Current Income Taxes Payable	1.63	1.51	1.96	4.65	27.16	5.41
Other Current Liabilities	494.94	355.29	319.98	331.78	343.88	269.41
Total Current Liabilities	1,129	1,010	1,027	1,051	921.58	740.49
Long-Term Debt	144.59	155.62	169.43	156.73	39.52	127.75
Long-Term Leases	24.54	27.33	8.23	22.21	34.8	51.77
Pension & Post-Retirement Benefits	0.42	0.42	2.21	10.5	11.12	17.48
Long-Term Deferred Tax Liabilities	74.95	74.95	74.32	73.1	73.1	73.92
Other Long-Term Liabilities	3.83	3.93	4.17	10.72	6.3	8.67
Total Liabilities	1,378	1,272	1,286	1,324	1,086	1,020
Common Stock	857.39	857.39	857.39	857.39	857.39	857.39
Additional Paid-In Capital	753.71	770.86	806.87	866.89	871.17	903.76
Retained Earnings	245.06	347.65	273.36	210.87	300.39	209.24
Comprehensive Income & Other	-20.6	-21.23	-15.44	-24.07	-21.84	-37.37
Shareholders' Equity	1,836	1,955	1,922	1,911	2,007	1,933
Total Liabilities & Equity	3,213	3,227	3,208	3,235	3,094	2,953
Total Debt	648.57	672.74	729.15	759.14	498.96	514.24
Net Cash (Debt)	-196.95	-212.42	-170.78	-224.52	-34.7	-165.35
Net Cash Per Share	-2.29	-2.47	-1.99	-2.62	-0.40	-2.09
Filing Date Shares Outstanding	85.74	85.74	85.74	85.74	85.74	85.74
Total Common Shares Outstanding	85.74	85.74	85.74	85.74	85.74	85.74
Working Capital	320.23	457.05	482.99	425.79	477.71	534.04
Book Value Per Share	21.41	22.80	22.42	22.29	23.41	22.55
Tangible Book Value	1,821	1,940	1,914	1,899	1,991	1,913
Tangible Book Value Per Share	21.24	22.63	22.32	22.15	23.22	22.32
Land	784.44	784.44	784.44	784.44	784.44	798.98
Buildings	416.06	412.46	401.62	396.32	335.79	375.78
Machinery	886.98	832.78	867.21	858.1	834.7	1,102
Construction In Progress	233.08	250.7	217.31	150.96	105.74	81.46