Ares International 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	694.24	600.36	553.76	574.01	552.77
Short-Term Investments	262.46	270.5	393.5	312.48	276.94
Cash & Short-Term Investments	956.7	870.86	947.26	886.49	829.71
Cash Growth	9.86%	-8.06%	6.86%	6.84%	-7.80%
Accounts Receivable	231.58	233.82	217.5	222.97	239.3
Other Receivables	3.47	3.49	3.84	2.44	1.85
Receivables	235.05	237.31	221.34	225.41	241.15
Prepaid Expenses	2.81	1.68	1.56	1.86	3.3
Other Current Assets	101.25	101.76	93.14	94.65	88.94
Total Current Assets	1,296	1,212	1,263	1,208	1,163
Property, Plant & Equipment	80.28	65.03	20.68	11.47	25.93
Long-Term Investments	139.66	139.1	136.19	146.76	110.32
Other Intangible Assets	0.21	0.46	0.77	0.2	0.54
Long-Term Deferred Tax Assets	15.91	21.5	30.91	32.7	27.6
Other Long-Term Assets	11	10.2	7.64	7.64	7.66
Total Assets	1,543	1,448	1,459	1,407	1,335
Accounts Payable	14.04	31.78	27.12	15.35	12.06
Accrued Expenses	162.13	145.74	151.31	146.06	135.26
Current Portion of Leases	19.17	6.24	14.94	4.82	16.23
Current Income Taxes Payable	16.46	11.43	16.68	33.37	18.78
Current Unearned Revenue	262.36	198.34	175.27	156.7	141.86
Other Current Liabilities	48.41	42.86	45.42	42.74	55.54
Total Current Liabilities	522.57	436.39	430.73	399.04	379.72
Long-Term Leases	2.93	5.28	1.72	2.15	4.73
Pension & Post-Retirement Benefits	69.2	82.87	113.05	128.84	131.82
Total Liabilities	594.7	524.54	545.5	530.03	516.27
Common Stock	472.54	472.54	472.54	472.54	472.54
Additional Paid-In Capital	156.5	160.8	156.96	158.76	142.88
Retained Earnings	319.4	291.07	284.73	246.32	207.07
Comprehensive Income & Other	-3.99	-4.89	-3.94	-4.15	-7.34
Total Common Equity	944.45	919.53	910.29	873.47	815.14
Minority Interest	3.71	3.83	3.69	3.67	3.74
Shareholders' Equity	948.16	923.36	913.98	877.15	818.88
Total Liabilities & Equity	1,543	1,448	1,459	1,407	1,335
Total Debt	22.1	11.52	16.66	6.97	20.96
Net Cash (Debt)	934.6	859.34	930.6	879.52	808.75
Net Cash Growth	8.76%	-7.66%	5.81%	8.75%	-9.73%
Net Cash Per Share	19.51	17.98	19.53	18.35	16.91
Filing Date Shares Outstanding	47.25	47.25	47.25	47.25	47.25
Total Common Shares Outstanding	47.25	47.25	47.25	47.25	47.25
Working Capital	773.24	775.22	832.57	809.37	783.38
Book Value Per Share	19.99	19.46	19.26	18.48	17.25
Tangible Book Value	944.24	919.07	909.52	873.27	814.6
Tangible Book Value Per Share	19.98	19.45	19.25	18.48	17.24
Land	30.39	30.39	-	-	-
Buildings	21.11	18.1	-	-	-
Machinery	24.52	19.62	27.39	25.77	24.05
Leasehold Improvements	6.14	5.81	4.68	4.68	5.72

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