Desiccant Technology 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	1,387	952.33	1,630	1,163	772.62	351.15
Short-Term Investments	-	1,301	-	-	-	14.46
Trading Asset Securities	229.76	228.95	226.68	224.07	75.25	29.05
Cash & Short-Term Investments	1,617	2,482	1,857	1,387	847.87	394.65
Cash Growth	-12.83%	33.68%	33.86%	63.59%	114.84%	3.71%
Accounts Receivable	765.87	1,033	752.28	723.75	633.91	543.59
Other Receivables	7.42	5.92	15.56	1.72	1.37	0.64
Receivables	773.29	1,039	767.84	725.48	635.29	544.22
Inventory	297.15	311.85	249.04	165.75	292.14	216.38
Prepaid Expenses	20.41	15.84	24.26	26.33	68.04	6.07
Other Current Assets	1,139	1.86	1.85	1.82	11.97	16.6
Total Current Assets	3,847	3,851	2,900	2,306	1,855	1,178
Property, Plant & Equipment	368.74	372.09	382.99	374.16	357.96	360.64
Long-Term Investments	-	0.42	0.42	0.42	0.42	0.42
Other Intangible Assets	0.02	0.03	0.15	2.82	8.37	14.28
Long-Term Accounts Receivable	9.86	6.86	10.56	19.76	0.08	1.22
Long-Term Deferred Tax Assets	27.73	27.81	11.43	11.59	10.46	12.05
Other Long-Term Assets	56.11	56.16	64.92	42.59	45.63	57.17
Total Assets	4,309	4,314	3,370	2,758	2,278	1,624
Accounts Payable	471.56	527.2	498.84	314.49	382.33	305.8
Accrued Expenses	-	118.37	102.05	91.67	90.15	56.9
Short-Term Debt	35.45	65.23	71.66	21.63	36.84	71.76
Current Portion of Leases	1.39	1.35	-	-	-	-
Current Income Taxes Payable	112.06	81.67	55.62	51.62	36.51	29.58
Current Unearned Revenue	1,444	1,497	864.6	746.91	733.53	431.1
Other Current Liabilities	371.99	39.09	37.65	34.92	39.82	37.01
Total Current Liabilities	2,436	2,330	1,630	1,261	1,319	932.15
Long-Term Leases	0.24	0.47	-	-	-	-
Pension & Post-Retirement Benefits	13.92	13.85	13.57	13.81	14.1	17.27
Long-Term Deferred Tax Liabilities	51.46	46.23	41.91	28.15	17.62	11.22
Other Long-Term Liabilities	0.15	0.15	0.15	0.14	0.43	0.35
Total Liabilities	2,502	2,391	1,686	1,303	1,351	960.98
Common Stock	421.08	421.08	382.8	348	308	268
Additional Paid-In Capital	335.47	335.47	335.47	335.47	58.01	9.99
Retained Earnings	1,063	1,186	978.25	791.91	578.93	404.14
Comprehensive Income & Other	-12.69	-19.34	-12.5	-20.99	-18.04	-19.42
Shareholders' Equity	1,807	1,923	1,684	1,454	926.9	662.71
Total Liabilities & Equity	4,309	4,314	3,370	2,758	2,278	1,624
Total Debt	37.07	67.05	71.66	21.63	36.84	71.76
Net Cash (Debt)	1,580	2,415	1,785	1,365	811.03	322.89
Net Cash Growth	-11.48%	35.30%	30.73%	68.35%	151.18%	-1.01%
Net Cash Per Share	37.31	57.04	42.16	35.79	21.65	9.00
Filing Date Shares Outstanding	42.17	42.11	42.11	42.11	37.27	35.67
Total Common Shares Outstanding	42.17	42.11	42.11	42.11	37.27	35.67
Working Capital	1,410	1,521	1,269	1,045	536.13	245.77
Book Value Per Share	42.85	45.67	39.99	34.54	24.87	18.58
Tangible Book Value	1,807	1,923	1,684	1,452	918.53	648.44
Tangible Book Value Per Share	42.85	45.67	39.99	34.47	24.65	18.18
Land	-	193.19	193.19	158.89	131.52	131.52
Buildings	-	251.31	244.66	268.7	259.2	258.48
Machinery	-	62.47	65.18	57.86	65.23	51.08
Construction In Progress	-	0.48	-	-	-	-