Andes Technology 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	984.29	2,083	1,890	4,098	4,005	526.68
Short-Term Investments	674.1	-	1,078	-	180	180
Cash & Short-Term Investments	1,658	2,083	2,968	4,098	4,185	706.68
Cash Growth	-25.02%	-29.83%	-27.57%	-2.08%	492.17%	-11.37%
Accounts Receivable	576.54	572.1	427.18	238.98	262.51	245.79
Other Receivables	35.53	30.45	47.12	16.73	0.8	0.14
Receivables	612.07	602.56	474.29	255.71	263.31	245.93
Inventory	4.69	3.87	2.15	2.2	1.14	2
Prepaid Expenses	95.09	77.5	156.99	66.57	45.81	22.49
Total Current Assets	2,370	2,767	3,602	4,422	4,495	977.1
Property, Plant & Equipment	1,365	216.77	204.81	160.29	119.82	129.36
Other Intangible Assets	2,511	1,970	1,136	613.61	380.11	290.44
Long-Term Deferred Tax Assets	55.13	21.74	30.7	22.55	0.71	0.41
Other Long-Term Assets	29.68	326.3	363.31	205.53	33.56	5.59
Total Assets	6,334	5,301	5,336	5,424	5,029	1,403
Accounts Payable	0.53	0.1	-	-	2.93	0.26
Current Portion of Leases	32.25	30.03	28.67	16.9	13.96	17.08
Current Income Taxes Payable	-	0.21	-	-	-	-
Current Unearned Revenue	110.15	126.5	83.46	93.34	72.02	28.84
Other Current Liabilities	174.12	208.1	286.4	210.76	86.22	69
Total Current Liabilities	317.05	364.94	398.54	321.01	175.14	115.18
Long-Term Leases	41.17	58.57	81.95	70.74	82.76	92.33
Long-Term Unearned Revenue	15.62	16.28	-	-	-	-
Long-Term Deferred Tax Liabilities	-	40.55	44.57	43.14	-	-
Other Long-Term Liabilities	0.06	0.1	-	-	-	-
Total Liabilities	1,778	480.43	525.05	434.89	257.89	207.51
Common Stock	506.51	506.51	506.51	506.51	506.51	426.51
Additional Paid-In Capital	4,094	4,094	4,094	4,096	4,096	728.97
Retained Earnings	-181.51	207.43	205.54	383.23	171.59	41.55
Comprehensive Income & Other	137.24	12.54	4.6	3.38	-2.85	-1.65
Shareholders' Equity	4,557	4,821	4,811	4,989	4,771	1,195
Total Liabilities & Equity	6,334	5,301	5,336	5,424	5,029	1,403
Total Debt	1,477	88.6	110.62	87.64	96.72	109.41
Net Cash (Debt)	181	1,994	2,857	4,010	4,088	597.27
Net Cash Growth	-91.44%	-30.21%	-28.74%	-1.91%	584.45%	-10.88%
Net Cash Per Share	3.57	39.37	56.41	78.86	90.67	14.00
Filing Date Shares Outstanding	50.65	50.65	50.65	50.65	50.65	42.65
Total Common Shares Outstanding	50.65	50.65	50.65	50.65	50.65	42.65
Working Capital	2,053	2,402	3,203	4,101	4,320	861.92
Book Value Per Share	89.96	95.18	94.98	98.50	94.20	28.03
Tangible Book Value	2,045	2,851	3,675	4,376	4,391	904.95
Tangible Book Value Per Share	40.38	56.29	72.56	86.39	86.70	21.22
Machinery	191.54	186.56	116.74	81.95	24.77	19.89
Leasehold Improvements	25.4	25.4	25.88	18.61	16.9	15.38

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