Sincere Navigation 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	4,877	4,066	3,098	1,974	3,794	5,423
Short-Term Investments	4,326	315.64	5.41	293.41	1.32	1.26
Cash & Short-Term Investments	9,204	4,382	3,104	2,268	3,796	5,425
Cash Growth	163.36%	41.18%	36.87%	-40.26%	-30.03%	16.23%
Accounts Receivable	346.19	368.76	467.77	560.6	690.87	414.93
Other Receivables	70.37	10.98	185.08	183.99	48.01	123.52
Receivables	416.56	379.74	652.85	744.59	738.89	538.45
Inventory	72.02	10.01	50.99	70.39	156.09	209.32
Prepaid Expenses	115.6	106.54	39.11	31.05	43.26	32.23
Other Current Assets	-	3,886	3,335	2,276	776.65	371.37
Total Current Assets	9,808	8,764	7,182	5,389	5,511	6,576
Property, Plant & Equipment	13,109	13,236	15,158	14,263	14,573	13,401
Long-Term Deferred Tax Assets	5.36	5.34	7.13	7.75	7.84	5.03
Other Long-Term Assets	12.09	8.96	17.28	1,456	1,575	1,553
Total Assets	22,935	22,014	22,365	21,116	21,666	21,535
Short-Term Debt	4,114	4,056	3,315	3,055	1,595	850
Current Portion of Long-Term Debt	-	-	137.72	271.78	379.27	1,245
Current Portion of Leases	6.83	6.67	4.71	5.97	4.47	5.56
Current Income Taxes Payable	254.63	106.04	27.82	48.29	7.17	92.04
Current Unearned Revenue	34.85	74.21	45.54	52.94	39.46	72.95
Other Current Liabilities	847.83	291.98	331.9	478.92	250.15	230.63
Total Current Liabilities	5,258	4,535	3,863	3,913	2,276	2,496
Long-Term Debt	-	-	206.58	1,286	1,907	2,624
Long-Term Leases	0.86	2.57	4.81	9.46	1.22	488.81
Pension & Post-Retirement Benefits	10.45	10.43	33.55	21.09	12.41	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	35.66
Other Long-Term Liabilities	0.1	0.08	-	-	-	23.6
Total Liabilities	5,270	4,548	4,108	5,230	4,197	5,668
Common Stock	5,854	5,854	5,854	5,854	5,854	5,854
Additional Paid-In Capital	165.89	165.89	165.58	165.59	243.79	243.2
Retained Earnings	11,722	11,920	11,834	10,771	10,627	11,012
Comprehensive Income & Other	-76.45	-473.65	403.86	-904.75	-898.41	-2,684
Total Common Equity	17,665	17,466	18,257	15,886	15,825	14,425
Minority Interest	-	-	-	-	1,644	1,442
Shareholders' Equity	17,665	17,466	18,257	15,886	17,469	15,867
Total Liabilities & Equity	22,935	22,014	22,365	21,116	21,666	21,535
Total Debt	4,122	4,065	3,669	4,629	3,887	5,213
Net Cash (Debt)	5,082	316.37	-565.31	-2,361	-91.62	211.54
Net Cash Per Share	8.95	0.54	-0.96	-4.03	-0.16	0.36
Filing Date Shares Outstanding	586.91	585.35	585.35	585.35	585.35	585.35
Total Common Shares Outstanding	586.91	585.35	585.35	585.35	585.35	585.35
Working Capital	4,550	4,229	3,319	1,476	3,235	4,080
Book Value Per Share	30.10	29.84	31.19	27.14	27.04	24.64
Tangible Book Value	17,665	17,466	18,257	15,886	15,825	14,425
Tangible Book Value Per Share	30.10	29.84	31.19	27.14	27.04	24.64
Land	-	90.22	90.22	90.22	90.22	90.22
Buildings	-	31.75	30.82	30.82	28.95	28.19
Machinery	-	28,487	29,706	27,630	27,550	24,155
Construction In Progress	-	16.79	4.35	2.14	2.14	-
Leasehold Improvements	-	1.1	1.1	1.03	-	-