Test Research 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	1,784	1,293	873.59	859.92	1,149	1,226
Short-Term Investments	315.94	285.64	444.14	490.28	285.09	196.79
Cash & Short-Term Investments	2,100	1,578	1,318	1,350	1,434	1,423
Cash Growth	-8.75%	19.77%	-2.40%	-5.83%	0.74%	-20.60%
Accounts Receivable	4,645	4,255	3,146	2,306	3,027	2,370
Other Receivables	45.12	33.41	30.51	34.98	37.87	32.14
Receivables	4,690	4,289	3,176	2,341	3,065	2,403
Inventory	2,145	1,834	1,407	1,262	1,466	1,747
Other Current Assets	58.55	35.28	40.27	33.48	33.62	35.52
Total Current Assets	8,994	7,736	5,942	4,986	5,998	5,608
Property, Plant & Equipment	4,223	4,226	4,017	3,781	3,063	2,284
Long-Term Investments	37.58	42.37	41.96	-	-	-
Other Intangible Assets	26.97	21.42	27.26	28.24	23.99	26.77
Long-Term Deferred Tax Assets	108.31	111.79	103.52	99.38	74.46	80.72
Other Long-Term Assets	21.22	18.79	11.4	11.18	12.68	10.08
Total Assets	13,410	12,156	10,143	8,906	9,173	8,010
Accounts Payable	1,495	1,138	693.02	527.02	500.15	946.9
Accrued Expenses	-	557.74	406.77	291.95	403	255.53
Current Portion of Leases	20.4	20.1	16.23	27.86	18.65	25.04
Current Income Taxes Payable	506.49	342.27	302.96	375.98	345.44	179.87
Current Unearned Revenue	67.27	74.83	76.01	60.86	55.57	76.58
Other Current Liabilities	529.13	109.24	93.15	163.93	276.69	107.1
Total Current Liabilities	2,618	2,242	1,588	1,448	1,600	1,591
Long-Term Leases	21.35	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	269.02	248.66	223.75	205.95	224.3	194.17
Other Long-Term Liabilities	40.14	29.66	18.18	13.53	15.74	39.92
Total Liabilities	2,948	2,552	1,862	1,720	1,906	1,914
Common Stock	2,362	2,362	2,362	2,362	2,362	2,362
Additional Paid-In Capital	70.74	70.74	53.29	53.29	53.29	53.29
Retained Earnings	8,026	7,199	5,899	4,838	4,900	3,749
Comprehensive Income & Other	3.46	-28.06	-33.76	-67.55	-48.7	-68.36
Shareholders' Equity	10,462	9,604	8,281	7,186	7,267	6,096
Total Liabilities & Equity	13,410	12,156	10,143	8,906	9,173	8,010
Total Debt	41.75	42.68	29.71	48.63	45.19	56.7
Net Cash (Debt)	2,059	1,536	1,288	1,302	1,389	1,366
Net Cash Growth	-9.50%	19.22%	-1.04%	-6.26%	1.62%	-21.86%
Net Cash Per Share	8.83	6.49	5.44	5.50	5.86	5.77
Filing Date Shares Outstanding	275.49	236.22	236.22	236.22	236.22	236.22
Total Common Shares Outstanding	275.49	236.22	236.22	236.22	236.22	236.22
Working Capital	6,376	5,494	4,353	3,538	4,399	4,017
Book Value Per Share	37.98	40.66	35.06	30.42	30.76	25.81
Tangible Book Value	10,435	9,582	8,254	7,157	7,243	6,070
Tangible Book Value Per Share	37.88	40.57	34.94	30.30	30.66	25.69
Land	-	1,201	1,166	1,166	1,166	1,166
Buildings	-	2,819	2,799	921.54	921.54	921.54
Machinery	-	1,240	1,166	1,002	947.07	868.8
Construction In Progress	-	197.72	-	1,643	907.4	100.67

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