RAC Electric Vehicles 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	78.74	56.16	127.98	137.48	377.86
Cash & Short-Term Investments	78.74	56.16	127.98	137.48	377.86
Cash Growth	40.21%	-56.12%	-6.92%	-63.62%	174.17%
Accounts Receivable	2,111	1,233	846.9	602.95	299.76
Other Receivables	5.85	13.25	31.47	23.31	29.6
Receivables	2,117	1,246	878.36	626.25	329.37
Inventory	547.67	342.19	549.14	371.35	278.69
Prepaid Expenses	35.6	28.57	32.58	43.16	11.01
Other Current Assets	117.81	138.65	38.44	54.19	13.34
Total Current Assets	2,897	1,812	1,627	1,232	1,010
Property, Plant & Equipment	464.13	522.73	518.95	519.76	448.38
Long-Term Investments	51.39	34.41	25.14	25	-
Goodwill	6.18	6.18	30.28	30.28	-
Other Intangible Assets	26.47	32.39	31.88	34.27	7.76
Long-Term Accounts Receivable	57.93	121.96	235.15	158.98	60.33
Long-Term Deferred Tax Assets	-	-	0.52	0.52	-
Other Long-Term Assets	59.22	33.64	59.22	92.6	99.35
Total Assets	3,562	2,563	2,528	2,094	1,626
Accounts Payable	647.11	298.72	206.96	371.39	159.67
Accrued Expenses	44.43	31.09	30.55	26.73	16.95
Short-Term Debt	238.6	224.03	438.49	75.93	29.09
Current Portion of Long-Term Debt	753.44	358.19	463.11	47.5	35.91
Current Portion of Leases	44.08	40.24	38.95	38.45	37.57
Current Unearned Revenue	206.05	49.88	29.2	112.28	12.8
Other Current Liabilities	94.48	66.74	52.88	59.09	35.88
Total Current Liabilities	2,028	1,069	1,260	731.38	327.87
Long-Term Debt	100.15	188.63	486.49	394.3	152.67
Long-Term Leases	134.1	173.2	173.25	212.09	249.28
Long-Term Unearned Revenue	4.44	6.67	8.13	11.07	6.18
Long-Term Deferred Tax Liabilities	-	4.44	4.74	5.36	-
Other Long-Term Liabilities	71.68	57.85	56.97	37.29	9.56
Total Liabilities	2,339	1,500	1,990	1,391	745.55
Common Stock	1,218	1,208	1,006	1,008	1,009
Additional Paid-In Capital	17.09	533.13	2.9	2.31	392.62
Retained Earnings	28.24	-651.1	-451.96	-288.98	-485.27
Comprehensive Income & Other	-39.16	-26.69	-28.68	-31.71	-35.85
Total Common Equity	1,224	1,064	528.33	689.56	880.54
Minority Interest	-	-	9.61	12.8	-
Shareholders' Equity	1,224	1,064	537.94	702.36	880.54
Total Liabilities & Equity	3,562	2,563	2,528	2,094	1,626
Total Debt	1,270	984.28	1,600	768.27	504.52
Net Cash (Debt)	-1,192	-928.12	-1,472	-630.79	-126.66
Net Cash Per Share	-9.84	-7.96	-14.73	-6.31	-1.41
Filing Date Shares Outstanding	121.77	120.83	100.61	100.79	100.9
Total Common Shares Outstanding	121.77	120.83	100.61	100.79	100.9
Working Capital	868.96	743.11	366.38	501.06	682.39
Book Value Per Share	10.05	8.80	5.25	6.84	8.73
Tangible Book Value	1,191	1,025	466.17	625	872.77
Tangible Book Value Per Share	9.78	8.48	4.63	6.20	8.65
Buildings	83.69	83.61	83.61	73.98	-
Machinery	272.2	254.39	236.92	94.95	60.28
Construction In Progress	0.25	3.49	14.26	96.74	123.68
Leasehold Improvements	103.28	100.64	71.66	62.68	12.61

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.