BaaS Innovation 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	168.36	135.1	34.41	34.82	38.8	87.03
Short-Term Investments	10	-	-	-	-	-
Trading Asset Securities	394.36	218.42	147.34	136.87	143.36	305.59
Cash & Short-Term Investments	572.72	353.52	181.75	171.69	182.17	392.61
Cash Growth	233.59%	94.51%	5.86%	-5.75%	-53.60%	47.76%
Accounts Receivable	35.39	44.45	14.27	10.48	6.27	2.67
Other Receivables	19.94	17.46	27.44	38.93	48.38	57.56
Receivables	55.34	61.91	41.71	49.4	54.65	60.23
Inventory	179.25	92.05	-	0.74	6.27	3.79
Prepaid Expenses	6.46	5.18	0.9	1.3	1.17	1.52
Other Current Assets	0.52	10.53	1.02	0.21	0.23	1.08
Total Current Assets	814.29	523.2	225.39	223.34	244.48	459.24
Property, Plant & Equipment	30.34	4.75	1.93	4.92	1.08	0.78
Long-Term Investments	1.84	1.89	2.66	2.86	-	-
Goodwill	-	100.65	119.2	119.2	-	-
Other Intangible Assets	101.83	1.29	-	-	-	0.14
Other Long-Term Assets	4.78	15.61	1.59	2.11	0.68	0.71
Total Assets	953.09	647.38	350.76	352.43	246.24	460.86
Accounts Payable	55.95	17.87	0.38	0.64	4.04	0.86
Accrued Expenses	-	12.59	9.22	8.36	-	-
Short-Term Debt	30	30	10	110	50	140
Current Portion of Long-Term Debt	4.09	3.33	22.56	14.17	-	-
Current Portion of Leases	1.92	1.35	0.44	2.56	-	0.42
Current Income Taxes Payable	-	-	-	-	0.79	3.68
Current Unearned Revenue	1.53	4.44	0.05	1.24	0.06	1.19
Other Current Liabilities	71.37	10.02	8.86	10.11	9.41	17.93
Total Current Liabilities	164.85	79.61	51.51	147.08	64.3	164.08
Long-Term Debt	4.17	5	10.2	32.5	-	-
Long-Term Leases	3	2.46	-	0.44	-	-
Total Liabilities	172.02	87.06	61.71	180.02	64.3	164.08
Common Stock	399.99	399.99	299.99	257.63	257.63	257.63
Additional Paid-In Capital	215.16	215.16	87.39	6.9	6.9	6.9
Retained Earnings	156.49	-61.56	-105.82	-100.6	-82.27	32.96
Comprehensive Income & Other	-0.65	-0.66	-0.02	-0.32	-0.31	-0.71
Total Common Equity	771	552.92	281.53	163.61	181.95	296.79
Minority Interest	10.07	7.39	7.52	8.8	-	-
Shareholders' Equity	781.06	560.32	289.05	172.41	181.95	296.79
Total Liabilities & Equity	953.09	647.38	350.76	352.43	246.24	460.86
Total Debt	43.17	42.14	43.19	159.66	50	140.42
Net Cash (Debt)	529.55	311.38	138.56	12.03	132.17	252.2
Net Cash Growth	363.67%	124.73%	1051.47%	-90.90%	-47.59%	29.50%
Net Cash Per Share	13.97	9.03	4.93	0.47	5.13	9.77
Filing Date Shares Outstanding	43.61	40	30	25.76	25.76	25.76
Total Common Shares Outstanding	43.61	40	30	25.76	25.76	25.76
Working Capital	649.43	443.59	173.88	76.26	180.18	295.16
Book Value Per Share	17.68	13.82	9.38	6.35	7.06	11.52
Tangible Book Value	669.17	450.98	162.33	44.41	181.95	296.65
Tangible Book Value Per Share	15.34	11.27	5.41	1.72	7.06	11.51

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