Test Research 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	1,293	873.59	859.92	1,149	1,226
Short-Term Investments	285.64	444.14	490.28	285.09	196.79
Cash & Short-Term Investments	1,578	1,318	1,350	1,434	1,423
Cash Growth	19.77%	-2.40%	-5.83%	0.74%	-20.60%
Accounts Receivable	4,255	3,146	2,306	3,027	2,370
Other Receivables	33.41	30.51	34.98	37.87	32.14
Receivables	4,289	3,176	2,341	3,065	2,403
Inventory	1,834	1,407	1,262	1,466	1,747
Other Current Assets	35.28	40.27	33.48	33.62	35.52
Total Current Assets	7,736	5,942	4,986	5,998	5,608
Property, Plant & Equipment	4,226	4,017	3,781	3,063	2,284
Long-Term Investments	42.37	41.96	-	-	-
Other Intangible Assets	21.42	27.26	28.24	23.99	26.77
Long-Term Deferred Tax Assets	111.79	103.52	99.38	74.46	80.72
Other Long-Term Assets	18.79	11.4	11.18	12.68	10.08
Total Assets	12,156	10,143	8,906	9,173	8,010
Accounts Payable	1,138	693.02	527.02	500.15	946.9
Accrued Expenses	-	406.77	291.95	403	255.53
Current Portion of Leases	20.1	16.23	27.86	18.65	25.04
Current Income Taxes Payable	342.27	302.96	375.98	345.44	179.87
Current Unearned Revenue	74.83	76.01	60.86	55.57	76.58
Other Current Liabilities	666.98	93.15	163.93	276.69	107.1
Total Current Liabilities	2,242	1,588	1,448	1,600	1,591
Long-Term Leases	22.58	13.47	20.77	26.54	31.66
Pension & Post-Retirement Benefits	9.49	18.31	32.46	39.58	56.93
Long-Term Deferred Tax Liabilities	248.66	223.75	205.95	224.3	194.17
Other Long-Term Liabilities	29.66	18.18	13.53	15.74	39.92
Total Liabilities	2,552	1,862	1,720	1,906	1,914
Common Stock	2,362	2,362	2,362	2,362	2,362
Additional Paid-In Capital	70.74	53.29	53.29	53.29	53.29
Retained Earnings	7,199	5,899	4,838	4,900	3,749
Comprehensive Income & Other	-28.06	-33.76	-67.55	-48.7	-68.36
Shareholders' Equity	9,604	8,281	7,186	7,267	6,096
Total Liabilities & Equity	12,156	10,143	8,906	9,173	8,010
Total Debt	42.68	29.71	48.63	45.19	56.7
Net Cash (Debt)	1,536	1,288	1,302	1,389	1,366
Net Cash Growth	19.22%	-1.04%	-6.26%	1.62%	-21.86%
Net Cash Per Share	6.49	5.44	5.50	5.86	5.77
Filing Date Shares Outstanding	236.51	236.22	236.22	236.22	236.22
Total Common Shares Outstanding	236.51	236.22	236.22	236.22	236.22
Working Capital	5,494	4,353	3,538	4,399	4,017
Book Value Per Share	40.61	35.06	30.42	30.76	25.81
Tangible Book Value	9,582	8,254	7,157	7,243	6,070
Tangible Book Value Per Share	40.52	34.94	30.30	30.66	25.69
Land	-	1,166	1,166	1,166	1,166
Buildings	-	2,799	921.54	921.54	921.54
Machinery	-	1,166	1,002	947.07	868.8
Construction In Progress	-	-	1,643	907.4	100.67

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