Andes Technology 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	1,420	2,083	1,890	4,098	4,005
Short-Term Investments	224.1	-	1,078	-	180
Cash & Short-Term Investments	1,644	2,083	2,968	4,098	4,185
Cash Growth	-21.08%	-29.83%	-27.57%	-2.08%	492.17%
Accounts Receivable	462.14	572.1	427.18	238.98	262.51
Other Receivables	17.69	30.45	47.12	16.73	0.8
Receivables	479.83	602.56	474.29	255.71	263.31
Inventory	4.61	3.87	2.15	2.2	1.14
Prepaid Expenses	-	-	156.99	66.57	45.81
Other Current Assets	46.68	77.5	-	-	-
Total Current Assets	2,175	2,767	3,602	4,422	4,495
Property, Plant & Equipment	1,352	216.77	204.81	160.29	119.82
Other Intangible Assets	2,695	1,970	1,136	613.61	380.11
Long-Term Deferred Tax Assets	54.48	21.74	30.7	22.55	0.71
Other Long-Term Assets	116.98	326.3	363.31	205.53	33.56
Total Assets	6,393	5,301	5,336	5,424	5,029
Accounts Payable	0	0.1	-	-	2.93
Current Portion of Leases	28.88	30.03	28.67	16.9	13.96
Current Income Taxes Payable	0.07	0.21	-	-	-
Current Unearned Revenue	193.65	126.5	83.46	93.34	72.02
Other Current Liabilities	191.49	208.1	286.4	210.76	86.22
Total Current Liabilities	414.1	364.94	398.54	321.01	175.14
Long-Term Debt	1,412	-	-	-	-
Long-Term Leases	34.71	58.57	81.95	70.74	82.76
Long-Term Unearned Revenue	17.35	16.28	-	-	-
Long-Term Deferred Tax Liabilities	-	40.55	44.57	43.14	-
Other Long-Term Liabilities	0.03	0.1	-	-	-
Total Liabilities	1,878	480.43	525.05	434.89	257.89
Common Stock	506.51	506.51	506.51	506.51	506.51
Additional Paid-In Capital	4,094	4,094	4,094	4,096	4,096
Retained Earnings	-207.83	207.43	205.54	383.23	171.59
Comprehensive Income & Other	121.87	12.54	4.6	3.38	-2.85
Shareholders' Equity	4,515	4,821	4,811	4,989	4,771
Total Liabilities & Equity	6,393	5,301	5,336	5,424	5,029
Total Debt	1,476	88.6	110.62	87.64	96.72
Net Cash (Debt)	168.08	1,994	2,857	4,010	4,088
Net Cash Growth	-91.57%	-30.21%	-28.74%	-1.91%	584.45%
Net Cash Per Share	3.32	39.37	56.41	78.86	90.67
Filing Date Shares Outstanding	50.65	50.65	50.65	50.65	50.65
Total Common Shares Outstanding	50.65	50.65	50.65	50.65	50.65
Working Capital	1,761	2,402	3,203	4,101	4,320
Book Value Per Share	89.14	95.18	94.98	98.50	94.20
Tangible Book Value	1,820	2,851	3,675	4,376	4,391
Tangible Book Value Per Share	35.93	56.29	72.56	86.39	86.70
Land	717.33	-	-	-	-
Buildings	476.21	-	-	-	-
Machinery	195.38	186.56	116.74	81.95	24.77
Leasehold Improvements	20.85	25.4	25.88	18.61	16.9

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