STARLUX Airlines 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	15,340	16,042	5,641	1,686	1,558
Short-Term Investments	311.95	613.71	-	148.61	-
Trading Asset Securities	1,004	-	-	-	-
Cash & Short-Term Investments	16,656	16,656	5,641	1,835	1,558
Cash Growth	0.00%	195.28%	207.42%	17.73%	18.97%
Accounts Receivable	1,640	1,208	751.89	475.38	7.72
Other Receivables	174.25	94.05	54.37	10	2.61
Receivables	1,815	1,302	806.26	485.38	10.32
Inventory	2,684	1,614	1,081	399.08	266.65
Other Current Assets	1,175	1,031	1,942	824.3	447.11
Total Current Assets	22,330	20,602	9,470	3,544	2,283
Property, Plant & Equipment	88,983	79,456	57,289	41,234	14,170
Long-Term Investments	1,107	1,067	-	840.29	0.29
Other Intangible Assets	175.01	177.43	264.73	356.18	431.5
Long-Term Deferred Tax Assets	2,220	2,331	1,983	1,459	-
Other Long-Term Assets	22,481	15,431	10,068	9,656	7,502
Total Assets	137,298	119,065	79,075	57,089	24,387
Accounts Payable	3,469	2,760	2,576	1,239	362.64
Accrued Expenses	0.48	0.42	-	-	-
Short-Term Debt	-	-	850	115.52	1,000
Current Portion of Long-Term Debt	1,587	1,853	4,741	4,286	2,335
Current Portion of Leases	3,946	3,783	3,062	2,692	890.67
Current Unearned Revenue	8,686	7,737	5,071	2,497	44.2
Other Current Liabilities	2,480	2,046	1,238	491.46	209.46
Total Current Liabilities	20,169	18,180	17,539	11,322	4,842
Long-Term Debt	52,859	36,996	18,544	9,118	5,377
Long-Term Leases	31,306	32,721	30,830	29,985	9,373
Long-Term Unearned Revenue	427.65	189.96	53.19	-	-
Long-Term Deferred Tax Liabilities	120.92	142.57	207.74	-	-
Other Long-Term Liabilities	1,020	996.86	832.5	758.55	362.59
Total Liabilities	105,901	89,226	68,007	51,183	19,954
Common Stock	30,087	30,087	20,887	18,117	11,367
Additional Paid-In Capital	2,045	9,775	2,451	550	-
Retained Earnings	272.61	-7,730	-11,506	-12,205	-6,934
Comprehensive Income & Other	-1,008	-2,294	-764.29	-556	-
Shareholders' Equity	31,396	29,838	11,068	5,906	4,433
Total Liabilities & Equity	137,298	119,065	79,075	57,089	24,387
Total Debt	89,698	75,353	58,028	46,196	18,975
Net Cash (Debt)	-73,041	-58,698	-52,388	-44,361	-17,417
Net Cash Per Share	-24.27	-23.29	-26.84	-29.21	-15.55
Filing Date Shares Outstanding	3,009	3,009	2,089	1,812	1,537
Total Common Shares Outstanding	3,009	3,009	2,089	1,812	1,137
Working Capital	2,162	2,422	-8,069	-7,778	-2,559
Book Value Per Share	10.44	9.92	5.30	3.26	3.90
Tangible Book Value	31,221	29,661	10,803	5,550	4,001
Tangible Book Value Per Share	10.38	9.86	5.17	3.06	3.52
Buildings	3,421	3,406	3,398	214.33	118.71
Machinery	57,695	45,381	21,782	8,846	2,315
Leasehold Improvements	1,500	1,327	1,125	994.49	873.67

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.