Twinhead International 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	640.9	490.29	364.91	230.42	236.49	252.57
Cash & Short-Term Investments	644.51	490.29	364.91	230.42	236.49	252.57
Cash Growth	44.86%	34.36%	58.37%	-2.57%	-6.37%	64.58%
Accounts Receivable	64.45	76.36	52.83	90.61	70.95	63.43
Other Receivables	-	-	-	-	1.22	-
Receivables	64.45	76.36	52.83	90.61	72.17	63.43
Inventory	352.29	298.82	259.7	255.46	212.21	207.43
Prepaid Expenses	23.01	16	11.66	9.43	13.45	14.71
Total Current Assets	1,084	881.47	689.09	585.91	534.32	538.13
Property, Plant & Equipment	328.72	342.05	359.85	302.96	321.29	345.8
Long-Term Investments	0.05	0.05	0.05	0.68	1.8	6.48
Long-Term Deferred Tax Assets	35.62	35.83	37.17	43.38	43.05	43.34
Other Long-Term Assets	223.42	223.39	220.81	223.4	226.44	234.9
Total Assets	1,672	1,483	1,307	1,156	1,127	1,169
Accounts Payable	202.5	141.43	100.3	110.12	75.64	130.05
Accrued Expenses	-	10.21	9.01	8.64	8.11	8.21
Short-Term Debt	475	465	552	579	620	620
Current Portion of Leases	17.86	20.21	19.85	17.07	16.77	16.45
Current Unearned Revenue	42.04	71.36	20.05	10.57	6.88	3.99
Other Current Liabilities	127.68	119.04	97.96	87.14	82.87	85.79
Total Current Liabilities	865.07	827.25	799.17	812.54	810.27	864.48
Long-Term Leases	35	48.24	65.52	3.81	17.15	34.02
Other Long-Term Liabilities	16.54	14.43	14.07	14.24	13.87	13.73
Total Liabilities	916.61	889.92	878.75	830.59	841.29	912.22
Common Stock	523.89	402.99	309.99	247.99	247.99	1,959
Additional Paid-In Capital	0.04	0.04	0.04	0.04	-	-
Retained Earnings	231.23	187.54	124.78	82.58	28.18	-1,711
Comprehensive Income & Other	27.72	30.98	18.42	14.79	25.21	22.21
Total Common Equity	782.87	621.55	453.23	345.39	301.39	270.13
Minority Interest	-27.43	-28.69	-25.01	-19.66	-15.79	-13.79
Shareholders' Equity	755.45	592.86	428.23	325.74	285.61	256.43
Total Liabilities & Equity	1,672	1,483	1,307	1,156	1,127	1,169
Total Debt	527.86	533.45	637.37	599.88	653.92	670.47
Net Cash (Debt)	116.65	-43.16	-272.46	-369.46	-417.43	-417.9
Net Cash Per Share	2.21	-0.82	-5.19	-7.03	-7.91	-7.98
Filing Date Shares Outstanding	52.39	52.39	52.39	52.39	52.39	52.39
Total Common Shares Outstanding	52.39	52.39	52.39	52.39	52.39	52.39
Working Capital	219.19	54.22	-110.08	-226.63	-275.95	-326.35
Book Value Per Share	14.94	11.86	8.65	6.59	5.75	5.16
Tangible Book Value	782.87	621.55	453.23	345.39	301.39	270.13
Tangible Book Value Per Share	14.94	11.86	8.65	6.59	5.75	5.16
Land	-	115.67	115.67	118.43	118.43	118.43
Buildings	-	428.87	427.97	430.84	430.73	430.54
Machinery	-	248.74	249.76	298.77	295.63	294.89

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