BaaS Innovation 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	135.1	34.41	34.82	38.8	87.03
Short-Term Investments	10.2	-	-	-	-
Trading Asset Securities	218.42	147.34	136.87	143.36	305.59
Cash & Short-Term Investments	363.72	181.75	171.69	182.17	392.61
Cash Growth	100.12%	5.86%	-5.75%	-53.60%	47.76%
Accounts Receivable	44.45	14.27	10.48	6.27	2.67
Other Receivables	17.46	27.44	38.93	48.38	57.56
Receivables	61.91	41.71	49.4	54.65	60.23
Inventory	92.05	-	0.74	6.27	3.79
Prepaid Expenses	5.18	0.9	1.3	1.17	1.52
Other Current Assets	0.33	1.02	0.21	0.23	1.08
Total Current Assets	523.2	225.39	223.34	244.48	459.24
Property, Plant & Equipment	4.75	1.93	4.92	1.08	0.78
Long-Term Investments	3.9	2.66	2.86	-	-
Goodwill	-	119.2	119.2	-	-
Other Intangible Assets	101.94	-	-	-	0.14
Other Long-Term Assets	13.6	1.59	2.11	0.68	0.71
Total Assets	647.38	350.76	352.43	246.24	460.86
Accounts Payable	17.87	0.38	0.64	4.04	0.86
Accrued Expenses	-	9.22	8.36	-	-
Short-Term Debt	30	10	110	50	140
Current Portion of Long-Term Debt	4.01	22.56	14.17	-	-
Current Portion of Leases	1.35	0.44	2.56	-	0.42
Current Income Taxes Payable	-	-	-	0.79	3.68
Current Unearned Revenue	4.44	0.05	1.24	0.06	1.19
Other Current Liabilities	21.93	8.86	10.11	9.41	17.93
Total Current Liabilities	79.61	51.51	147.08	64.3	164.08
Long-Term Debt	5	10.2	32.5	-	-
Long-Term Leases	2.46	-	0.44	-	-
Total Liabilities	87.06	61.71	180.02	64.3	164.08
Common Stock	399.99	299.99	257.63	257.63	257.63
Additional Paid-In Capital	213.39	87.39	6.9	6.9	6.9
Retained Earnings	-61.56	-105.82	-100.6	-82.27	32.96
Comprehensive Income & Other	1.11	-0.02	-0.32	-0.31	-0.71
Total Common Equity	552.92	281.53	163.61	181.95	296.79
Minority Interest	7.39	7.52	8.8	-	-
Shareholders' Equity	560.32	289.05	172.41	181.95	296.79
Total Liabilities & Equity	647.38	350.76	352.43	246.24	460.86
Total Debt	42.82	43.19	159.66	50	140.42
Net Cash (Debt)	320.9	138.56	12.03	132.17	252.2
Net Cash Growth	131.60%	1051.47%	-90.90%	-47.59%	29.50%
Net Cash Per Share	9.28	4.93	0.47	5.13	9.77
Filing Date Shares Outstanding	40.4	30	25.76	25.76	25.76
Total Common Shares Outstanding	40.4	30	25.76	25.76	25.76
Working Capital	443.59	173.88	76.26	180.18	295.16
Book Value Per Share	13.69	9.38	6.35	7.06	11.52
Tangible Book Value	450.98	162.33	44.41	181.95	296.65
Tangible Book Value Per Share	11.16	5.41	1.72	7.06	11.51

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