Dawushan Farm 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	133.12	187.9	403.87	263.07	174.14	127.89
Short-Term Investments	0.74	2.9	3.9	100	-	-
Cash & Short-Term Investments	133.86	190.8	407.77	363.07	174.14	127.89
Cash Growth	-70.39%	-53.21%	12.31%	108.49%	36.17%	-28.92%
Accounts Receivable	365.08	368.75	302.53	239.43	216.54	148.54
Other Receivables	3.47	3.93	1.59	2.9	0.51	0.89
Receivables	368.55	372.67	304.12	242.33	217.05	149.43
Inventory	109.71	107.74	91.28	44.9	50.97	40.17
Prepaid Expenses	54.7	47.09	23.02	9.65	9.09	5.14
Other Current Assets	-	0.74	5.85	0.43	-	-
Total Current Assets	666.82	719.04	832.03	660.38	451.24	322.62
Property, Plant & Equipment	2,860	2,858	2,532	1,466	1,376	1,196
Goodwill	-	129.2	145.96	21.5	21.5	21.5
Other Intangible Assets	129.92	1.02	31.61	33.27	35.2	36.2
Long-Term Deferred Tax Assets	21	26.21	3.57	4.18	4.48	3.19
Other Long-Term Assets	92.82	99.75	125.89	77.3	93.59	3.19
Total Assets	3,770	3,833	3,672	2,263	1,982	1,583
Accounts Payable	182.26	178.76	187.74	110.72	113.4	101.51
Accrued Expenses	-	103.71	122.53	64.99	67.06	41.66
Short-Term Debt	355	405	-	66	6	87
Current Portion of Long-Term Debt	-	336.26	49.75	98.59	62.78	29.33
Current Portion of Leases	15.11	20.88	15.44	2.7	3.01	3.29
Current Income Taxes Payable	-	-	27.75	28.7	40.85	9.58
Current Unearned Revenue	0.48	0.61	3.17	0.12	2.48	0.67
Other Current Liabilities	546.6	89.86	54.64	19.16	15.8	160.97
Total Current Liabilities	1,099	1,135	461.02	390.99	311.38	434.01
Long-Term Debt	864.18	853.25	698.98	524.4	596.45	224.98
Long-Term Leases	15.02	72.83	31.09	2.87	4.39	6.42
Long-Term Deferred Tax Liabilities	0.76	0.67	0.27	0.29	0.34	0.14
Total Liabilities	1,979	2,062	1,191	918.55	912.57	665.55
Common Stock	683.45	683.45	683.45	607.5	550	400
Additional Paid-In Capital	467.11	467.11	585.29	230.35	50	200
Retained Earnings	347.99	326.67	475.4	448.95	459.37	302.83
Treasury Stock	-49.01	-49.01	-36.51	-	-	-
Comprehensive Income & Other	-	-	403.92	-	-	-
Total Common Equity	1,450	1,428	2,112	1,287	1,059	902.83
Minority Interest	341.52	343.2	368.63	57.27	10.3	14.36
Shareholders' Equity	1,791	1,771	2,480	1,344	1,070	917.19
Total Liabilities & Equity	3,770	3,833	3,672	2,263	1,982	1,583
Total Debt	1,249	1,688	795.26	694.57	672.63	351.02
Net Cash (Debt)	-1,115	-1,497	-387.49	-331.49	-498.49	-223.13
Net Cash Per Share	-16.56	-22.23	-5.96	-5.63	-8.60	-5.30
Filing Date Shares Outstanding	67.35	67.35	67.35	60.75	57.75	42
Total Common Shares Outstanding	67.35	67.35	67.6	60.75	57.75	42
Working Capital	-432.63	-416.04	371.01	269.4	139.86	-111.39
Book Value Per Share	21.52	21.21	31.24	21.18	18.34	21.50
Tangible Book Value	1,320	1,298	1,934	1,232	1,003	845.14
Tangible Book Value Per Share	19.59	19.27	28.61	20.28	17.36	20.12
Land	-	521.94	470.88	270.52	224.52	103.55
Buildings	-	1,271	887.09	848.86	844.09	654.57
Machinery	-	1,225	1,063	914.5	808.35	728.11
Construction In Progress	-	528.11	833.8	28.37	7.92	75.79
Leasehold Improvements	-	18.1	18.1	18.55	18.55	18.55

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