BaaS Innovation Ratios and Metrics

Market cap in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 5, 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
Market Capitalization	4,920	3,392	1,003	827	739	1,050
Market Cap Growth	387.37%	238.02%	21.34%	11.85%	-29.57%	-15.14%
Enterprise Value	4,606	3,136	894	863	592	763
Last Close Price	123.00	84.80	33.45	32.10	28.70	40.52
PE Ratio	96.09	76.64	-	-	-	43.67
PS Ratio	17.42	12.01	15.44	12.64	31.83	56.00
PB Ratio	8.78	6.05	3.47	4.80	4.06	3.54
P/TBV Ratio	10.91	7.52	6.18	18.62	4.06	3.54
P/FCF Ratio	-	-	-	78.78	17.02	-
P/OCF Ratio	-	-	-	78.78	16.61	-
EV/Sales Ratio	16.31	11.10	13.76	13.19	25.49	40.70
EV/FCF Ratio	-43.98	-	-	82.21	13.63	-
Debt / Equity Ratio	0.08	0.08	0.15	0.93	0.28	0.47
Debt / FCF Ratio	-	-	-	15.21	1.15	-
Net Debt / Equity Ratio	-0.57	-0.57	-0.48	-0.07	-0.73	-0.85
Net Debt / EBITDA Ratio	14.16	14.16	5.25	0.58	4.13	6.83
Net Debt / FCF Ratio	3.06	3.06	18.25	-1.15	-3.04	9.15
Asset Turnover	0.57	0.57	0.19	0.22	0.07	0.05
Inventory Turnover	-	-	-	14.32	3.17	4.17
Quick Ratio	5.35	5.35	4.34	1.50	3.68	2.76
Current Ratio	6.57	6.57	4.38	1.52	3.80	2.80
Return on Equity (ROE)	8.53%	8.53%	-2.82%	-10.36%	-45.99%	8.44%
Return on Assets (ROA)	-3.04%	-3.04%	-4.77%	-4.42%	-5.74%	-5.76%
Return on Invested Capital (ROIC)	-10.25%	-12.45%	-17.28%	-20.16%	-68.77%	-53.13%
Return on Capital Employed (ROCE)	-4.30%	-4.30%	-9.00%	-10.30%	-17.80%	-12.70%
Earnings Yield	0.90%	1.31%	-0.52%	-2.22%	-14.89%	2.29%
FCF Yield	-2.13%	-3.09%	-0.76%	1.27%	5.88%	-2.63%
Dividend Yield	-	-	-	-	-	0.49%
Buyback Yield / Dilution	-22.92%	-22.92%	-9.19%	-	0.19%	-0.19%
Total Shareholder Return	-22.92%	-22.92%	-9.19%	-	0.19%	0.30%

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