Zen Voce 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	612.28	638.4	745.16	591.13	533.04
Trading Asset Securities	92.56	94.57	46.97	76.4	113.75
Cash & Short-Term Investments	704.84	732.97	792.13	667.53	646.79
Cash Growth	-3.84%	-7.47%	18.67%	3.21%	42.00%
Accounts Receivable	394.91	311.54	213.42	327.64	379.71
Other Receivables	49.75	5.49	4.53	7.53	6.02
Receivables	444.65	317.03	217.95	335.17	385.73
Inventory	523.86	571.34	534.19	611.24	527.77
Prepaid Expenses	40.77	30.72	30.88	66.15	37.62
Other Current Assets	7.38	2.4	6.8	4.36	5.52
Total Current Assets	1,721	1,654	1,582	1,684	1,603
Property, Plant & Equipment	136.19	142.22	151.66	153.74	164.66
Long-Term Investments	0.48	0.44	0.81	0.07	0.07
Goodwill	-	55.68	55.68	55.68	55.68
Other Intangible Assets	64.93	11.93	15.24	0.43	0.74
Long-Term Accounts Receivable	-	2.53	3.85	1.62	-
Long-Term Deferred Tax Assets	48.51	48.73	51.58	46.68	47.82
Other Long-Term Assets	55.37	100.2	102.2	129.94	24.2
Total Assets	2,027	2,016	1,963	2,073	1,897
Accounts Payable	170	165.03	93.02	154.55	162.84
Accrued Expenses	-	126.53	112.22	122.36	128.69
Short-Term Debt	370	410	470	460	407
Current Portion of Long-Term Debt	-	10	10	10	10
Current Portion of Leases	4.21	4.43	6.26	5.75	8.19
Current Income Taxes Payable	25.77	21.74	23.81	26.11	10.29
Current Unearned Revenue	191.96	197.97	182.19	232.65	148.91
Other Current Liabilities	172.73	15.47	21.9	15.44	15.98
Total Current Liabilities	934.67	951.17	919.4	1,027	891.9
Long-Term Debt	-	9.17	20	29.17	39.17
Long-Term Leases	1.05	2.84	6.08	2.96	6.22
Long-Term Deferred Tax Liabilities	34.85	38.29	39.48	36.01	21.63
Other Long-Term Liabilities	-	-	-	0.17	0.26
Total Liabilities	970.57	1,001	984.96	1,095	959.17
Common Stock	510.06	510.06	510.06	510.06	510.06
Additional Paid-In Capital	81.29	81.29	81.29	81.29	81.29
Retained Earnings	269.17	251.81	245.27	257.44	242.8
Comprehensive Income & Other	24.12	16.57	5.25	4.47	-12.93
Total Common Equity	884.65	859.73	841.88	853.26	821.23
Minority Interest	171.76	154.99	136.11	124.19	116.19
Shareholders' Equity	1,056	1,015	977.99	977.45	937.42
Total Liabilities & Equity	2,027	2,016	1,963	2,073	1,897
Total Debt	375.26	436.44	512.34	507.88	470.58
Net Cash (Debt)	329.57	296.53	279.79	159.65	176.22
Net Cash Growth	11.14%	5.98%	75.25%	-9.40%	561.25%
Net Cash Per Share	6.50	5.81	5.49	3.13	3.45
Filing Date Shares Outstanding	49.8	51.01	51.01	51.01	51.01
Total Common Shares Outstanding	49.8	51.01	51.01	51.01	51.01
Working Capital	786.83	703.28	662.54	657.59	711.53
Book Value Per Share	17.77	16.86	16.51	16.73	16.10
Tangible Book Value	819.71	792.13	770.96	797.15	764.81
Tangible Book Value Per Share	16.46	15.53	15.12	15.63	14.99
Land	-	49.5	49.5	49.5	49.5
Buildings	-	99.25	99.25	99.25	99.25
Machinery	-	120.2	116.68	111.36	106.07

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