STARLUX Airlines 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	13,254	16,042	5,641	1,686	1,558	1,310
Short-Term Investments	354.73	613.71	-	148.61	-	-
Cash & Short-Term Investments	14,609	16,656	5,641	1,835	1,558	1,310
Cash Growth	63.19%	195.28%	207.42%	17.73%	18.97%	-39.97%
Accounts Receivable	1,524	1,208	751.89	475.38	7.72	2.56
Other Receivables	143.03	94.05	54.37	10	2.61	181.36
Receivables	1,667	1,302	806.26	485.38	10.32	183.91
Inventory	2,030	1,614	1,081	399.08	266.65	232.74
Prepaid Expenses	-	-	-	-	-	595.57
Other Current Assets	1,264	1,031	1,942	824.3	447.11	145.32
Total Current Assets	19,571	20,602	9,470	3,544	2,283	2,468
Property, Plant & Equipment	86,990	79,456	57,289	41,234	14,170	9,178
Long-Term Investments	1,108	1,067	-	840.29	0.29	-
Other Intangible Assets	172.13	177.43	264.73	356.18	431.5	400.28
Long-Term Deferred Tax Assets	2,032	2,331	1,983	1,459	-	-
Other Long-Term Assets	20,609	15,431	10,068	9,656	7,502	6,103
Total Assets	130,482	119,065	79,075	57,089	24,387	18,148
Accounts Payable	3,448	2,760	2,576	1,239	362.64	137.12
Accrued Expenses	-	0.42	-	-	-	96.01
Short-Term Debt	1,300	-	850	115.52	1,000	1,890
Current Portion of Long-Term Debt	1,688	1,853	4,741	4,286	2,335	531.33
Current Portion of Leases	3,552	3,783	3,062	2,692	890.67	627.23
Current Unearned Revenue	8,217	7,737	5,071	2,497	44.2	45.48
Other Current Liabilities	2,114	2,046	1,238	491.46	209.46	111.13
Total Current Liabilities	20,320	18,180	17,539	11,322	4,842	3,438
Long-Term Debt	48,566	36,996	18,544	9,118	5,377	3,361
Long-Term Leases	27,822	32,721	30,830	29,985	9,373	6,712
Long-Term Unearned Revenue	354.91	189.96	53.19	-	-	-
Long-Term Deferred Tax Liabilities	118.91	142.57	207.74	-	-	-
Other Long-Term Liabilities	966.56	996.86	832.5	758.55	362.59	164.09
Total Liabilities	98,149	89,226	68,007	51,183	19,954	13,675
Common Stock	30,087	30,087	20,887	18,117	11,367	8,367
Additional Paid-In Capital	2,045	9,775	2,451	550	-	-
Retained Earnings	474.64	-7,730	-11,506	-12,205	-6,934	-3,916
Comprehensive Income & Other	-273.3	-2,294	-764.29	-556	-	21.23
Shareholders' Equity	32,333	29,838	11,068	5,906	4,433	4,473
Total Liabilities & Equity	130,482	119,065	79,075	57,089	24,387	18,148
Total Debt	82,929	75,353	58,028	46,196	18,975	13,122
Net Cash (Debt)	-68,320	-58,698	-52,388	-44,361	-17,417	-11,812
Net Cash Per Share	-22.91	-23.29	-26.84	-29.21	-15.55	-14.34
Filing Date Shares Outstanding	3,009	3,009	2,089	1,812	1,537	836.74
Total Common Shares Outstanding	3,009	3,009	2,089	1,812	1,137	836.74
Working Capital	-749.31	2,422	-8,069	-7,778	-2,559	-970.77
Book Value Per Share	10.75	9.92	5.30	3.26	3.90	5.35
Tangible Book Value	32,161	29,661	10,803	5,550	4,001	4,073
Tangible Book Value Per Share	10.69	9.86	5.17	3.06	3.52	4.87
Buildings	3,419	3,406	3,398	214.33	118.71	116.32
Machinery	57,873	45,381	21,782	8,846	2,315	1,386
Leasehold Improvements	1,490	1,327	1,125	994.49	873.67	265.62

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