Andes 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	1,047	1,420	2,083	1,890	4,098	4,005
Short-Term Investments	224.1	224.1	-	1,078	-	180
Cash & Short-Term Investments	1,271	1,644	2,083	2,968	4,098	4,185
Cash Growth	-31.11%	-21.08%	-29.83%	-27.57%	-2.08%	492.17%
Accounts Receivable	385.83	462.14	572.1	427.18	238.98	262.51
Other Receivables	18.65	17.69	30.45	47.12	16.73	0.8
Receivables	404.48	479.83	602.56	474.29	255.71	263.31
Inventory	4.67	4.61	3.87	2.15	2.2	1.14
Prepaid Expenses	55.36	-	-	156.99	66.57	45.81
Other Current Assets	-	46.68	77.5	-	-	-
Total Current Assets	1,735	2,175	2,767	3,602	4,422	4,495
Property, Plant & Equipment	1,337	1,352	216.77	204.81	160.29	119.82
Other Intangible Assets	2,827	2,695	1,970	1,136	613.61	380.11
Long-Term Deferred Tax Assets	93.58	54.48	21.74	30.7	22.55	0.71
Other Long-Term Assets	118.19	116.98	326.3	363.31	205.53	33.56
Total Assets	6,112	6,393	5,301	5,336	5,424	5,029
Accounts Payable	0.04	0	0.1	-	-	2.93
Current Portion of Leases	26.49	28.88	30.03	28.67	16.9	13.96
Current Income Taxes Payable	-	0.07	0.21	-	-	-
Current Unearned Revenue	134.49	193.65	126.5	83.46	93.34	72.02
Other Current Liabilities	130.36	191.49	208.1	286.4	210.76	86.22
Total Current Liabilities	291.38	414.1	364.94	398.54	321.01	175.14
Long-Term Debt	1,420	1,412	-	-	-	-
Long-Term Leases	28.82	34.71	58.57	81.95	70.74	82.76
Long-Term Unearned Revenue	15.71	17.35	16.28	-	-	-
Long-Term Deferred Tax Liabilities	4.5	-	40.55	44.57	43.14	-
Other Long-Term Liabilities	0.03	0.03	0.1	-	-	-
Total Liabilities	1,760	1,878	480.43	525.05	434.89	257.89
Common Stock	506.51	506.51	506.51	506.51	506.51	506.51
Additional Paid-In Capital	4,209	4,094	4,094	4,094	4,096	4,096
Retained Earnings	-374.06	-207.83	207.43	205.54	383.23	171.59
Comprehensive Income & Other	9.7	121.87	12.54	4.6	3.38	-2.85
Shareholders' Equity	4,351	4,515	4,821	4,811	4,989	4,771
Total Liabilities & Equity	6,112	6,393	5,301	5,336	5,424	5,029
Total Debt	1,475	1,476	88.6	110.62	87.64	96.72
Net Cash (Debt)	-204.26	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	-4.07	3.32	39.37	56.41	78.86	90.67
Filing Date Shares Outstanding	55.41	50.65	50.65	50.65	50.65	50.65
Total Common Shares Outstanding	55.41	50.65	50.65	50.65	50.65	50.65
Working Capital	1,444	1,761	2,402	3,203	4,101	4,320
Book Value Per Share	78.53	89.14	95.18	94.98	98.50	94.20
Tangible Book Value	1,524	1,820	2,851	3,675	4,376	4,391
Tangible Book Value Per Share	27.50	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