Morn Sun Feed Mill 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	Jun '26 Jun 30, 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	128.63	156.31	70.93	75.19	55.53	76.81
Short-Term Investments	163.1	155.11	187.4	296.93	298.3	272.45
Trading Asset Securities	126.68	120.16	120.35	41.45	20.26	23.56
Cash & Short-Term Investments	418.41	431.57	378.68	413.57	374.09	372.82
Cash Growth	33.91%	13.97%	-8.44%	10.55%	0.34%	8.33%
Accounts Receivable	593.22	507.34	533.38	540.73	554.22	500.8
Other Receivables	3.86	1	1.78	1.59	1.39	0.36
Receivables	597.09	508.34	535.17	542.32	555.61	501.16
Inventory	162.52	153.45	166.16	214.7	291.65	222
Prepaid Expenses	-	3.08	4.77	2.82	2.75	8.35
Other Current Assets	107.93	86.35	91.74	77.13	107.89	90.71
Total Current Assets	1,286	1,183	1,177	1,251	1,332	1,195
Property, Plant & Equipment	451.76	455.04	454.37	445.43	453.75	475.36
Long-Term Investments	496.73	499.27	430.9	409.89	361.37	402.38
Other Intangible Assets	0.38	0.5	0.11	0.21	0.26	0.31
Long-Term Deferred Tax Assets	17.74	17.07	15.89	16.43	17.28	17.5
Other Long-Term Assets	62.57	67.98	63.47	60.91	49.61	41.61
Total Assets	2,315	2,223	2,141	2,183	2,214	2,132
Accounts Payable	203.79	199.52	178.31	232.53	285.08	255.73
Accrued Expenses	-	73.78	64.63	57.79	34.96	56.06
Short-Term Debt	251.22	296.89	283.38	394.83	521.88	332.05
Current Portion of Long-Term Debt	4.92	3.66	-	-	-	-
Current Portion of Leases	9.71	8.63	5.97	4.79	6.72	7.92
Current Income Taxes Payable	18.33	1.6	21.35	29.08	-	18.46
Current Unearned Revenue	2.62	3.34	0.71	0.75	3.24	7.35
Other Current Liabilities	211.63	20.33	22.36	17.26	12.68	16.97
Total Current Liabilities	702.22	607.74	576.7	737.04	864.56	694.54
Long-Term Debt	8.87	11.34	35	-	-	20
Long-Term Leases	18.82	18.1	13.95	11.33	12.4	17.97
Long-Term Deferred Tax Liabilities	23.12	20.99	20.59	20.02	19.34	19.06
Other Long-Term Liabilities	0.51	0.73	1.03	0.2	0.2	0.2
Total Liabilities	753.54	658.91	647.27	768.59	896.5	751.77
Common Stock	442.32	442.32	413.39	393.7	385.98	367.6
Additional Paid-In Capital	144.28	144.28	145.21	145.21	145.21	145.21
Retained Earnings	795.29	821.81	743.14	568.98	451.86	534.2
Comprehensive Income & Other	118.11	94.07	144.49	246.03	247.4	221.55
Total Common Equity	1,500	1,502	1,446	1,354	1,230	1,269
Minority Interest	61.58	61.26	47.75	60.89	87.31	111.86
Shareholders' Equity	1,562	1,564	1,494	1,415	1,318	1,380
Total Liabilities & Equity	2,315	2,223	2,141	2,183	2,214	2,132
Total Debt	293.54	338.61	338.29	410.95	541	377.94
Net Cash (Debt)	124.87	92.96	40.39	2.63	-166.91	-5.13
Net Cash Growth	61.59%	130.16%	1438.04%	-	-	-
Net Cash Per Share	2.81	2.09	0.91	0.06	-3.77	-0.12
Filing Date Shares Outstanding	44.28	44.23	44.23	44.23	44.23	44.23
Total Common Shares Outstanding	44.28	44.23	44.23	44.23	44.23	44.23
Working Capital	583.73	575.05	599.81	513.5	467.43	500.49
Book Value Per Share	33.87	33.97	32.70	30.61	27.82	28.68
Tangible Book Value	1,500	1,502	1,446	1,354	1,230	1,268
Tangible Book Value Per Share	33.86	33.96	32.69	30.60	27.81	28.67
Land	-	110.01	110.01	110.01	110.01	110.01
Buildings	-	323.72	321.95	320.05	308.58	298.76
Machinery	-	237.69	245.06	215.49	195.29	185.43
Construction In Progress	-	1.7	-	-	13.76	23.23
Leasehold Improvements	-	1.5	1.39	1.39	0.91	0.91