Ares 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	567.12	600.36	553.76	574.01	552.77	618.31
Short-Term Investments	260.36	270.5	393.5	312.48	276.94	281.64
Cash & Short-Term Investments	827.48	870.86	947.26	886.49	829.71	899.94
Cash Growth	2.01%	-8.06%	6.86%	6.84%	-7.80%	8.87%
Accounts Receivable	242.79	233.82	217.5	222.97	239.3	189.87
Other Receivables	4.86	3.49	3.84	2.44	1.85	1.4
Receivables	247.65	237.31	221.34	225.41	241.15	191.26
Prepaid Expenses	4.87	1.68	1.56	1.86	3.3	3.2
Other Current Assets	108.85	101.76	93.14	94.65	88.94	71.27
Total Current Assets	1,189	1,212	1,263	1,208	1,163	1,166
Property, Plant & Equipment	84.56	65.03	20.68	11.47	25.93	9.72
Long-Term Investments	132.81	139.1	136.19	146.76	110.32	86.8
Other Intangible Assets	0.15	0.46	0.77	0.2	0.54	0.53
Long-Term Deferred Tax Assets	21.86	21.5	30.91	32.7	27.6	32.52
Other Long-Term Assets	10.97	10.2	7.64	7.64	7.66	7.45
Total Assets	1,439	1,448	1,459	1,407	1,335	1,303
Accounts Payable	18.47	31.78	27.12	15.35	12.06	12.89
Accrued Expenses	116.08	145.74	151.31	146.06	135.26	131.91
Current Portion of Leases	19.3	6.24	14.94	4.82	16.23	3.24
Current Income Taxes Payable	2.43	11.43	16.68	33.37	18.78	14.36
Current Unearned Revenue	314.02	198.34	175.27	156.7	141.86	175.21
Other Current Liabilities	36.24	42.86	45.42	42.74	55.54	46.15
Total Current Liabilities	506.54	436.39	430.73	399.04	379.72	383.76
Long-Term Leases	7.57	5.28	1.72	2.15	4.73	0.76
Pension & Post-Retirement Benefits	70.27	82.87	113.05	128.84	131.82	146.42
Total Liabilities	584.38	524.54	545.5	530.03	516.27	530.94
Common Stock	472.54	472.54	472.54	472.54	472.54	472.54
Additional Paid-In Capital	158.44	160.8	156.96	158.76	142.88	142.97
Retained Earnings	227.11	291.07	284.73	246.32	207.07	159.02
Comprehensive Income & Other	-6.79	-4.89	-3.94	-4.15	-7.34	-6.34
Total Common Equity	851.31	919.53	910.29	873.47	815.14	768.19
Minority Interest	3.51	3.83	3.69	3.67	3.74	3.59
Shareholders' Equity	854.82	923.36	913.98	877.15	818.88	771.77
Total Liabilities & Equity	1,439	1,448	1,459	1,407	1,335	1,303
Total Debt	26.87	11.52	16.66	6.97	20.96	4
Net Cash (Debt)	800.61	859.34	930.6	879.52	808.75	895.94
Net Cash Growth	0.43%	-7.66%	5.81%	8.75%	-9.73%	10.87%
Net Cash Per Share	16.75	17.98	19.53	18.35	16.91	18.78
Filing Date Shares Outstanding	47.25	47.25	47.25	47.25	47.25	47.25
Total Common Shares Outstanding	47.25	47.25	47.25	47.25	47.25	47.25
Working Capital	682.31	775.22	832.57	809.37	783.38	781.92
Book Value Per Share	18.02	19.46	19.26	18.48	17.25	16.26
Tangible Book Value	851.15	919.07	909.52	873.27	814.6	767.65
Tangible Book Value Per Share	18.01	19.45	19.25	18.48	17.24	16.25
Land	30.39	30.39	-	-	-	-
Buildings	21.11	18.1	-	-	-	-
Machinery	23.01	19.62	27.39	25.77	24.05	22.51
Leasehold Improvements	6.09	5.81	4.68	4.68	5.72	5.34

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