Zen Voce Balance Sheet

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	599.59	638.4	745.16	591.13	533.04	386.74
Trading Asset Securities	76.8	94.57	46.97	76.4	113.75	68.75
Cash & Short-Term Investments	676.39	732.97	792.13	667.53	646.79	455.49
Cash Growth	1.69%	-7.47%	18.67%	3.21%	42.00%	-2.78%
Accounts Receivable	368.42	311.54	213.42	327.64	379.71	450.09
Other Receivables	5.85	5.49	4.53	7.53	6.02	130.01
Receivables	374.28	317.03	217.95	335.17	385.73	580.11
Inventory	618.53	571.34	534.19	611.24	527.77	308.02
Prepaid Expenses	11	30.72	30.88	66.15	37.62	26.06
Other Current Assets	7.59	2.4	6.8	4.36	5.52	4.66
Total Current Assets	1,688	1,654	1,582	1,684	1,603	1,374
Property, Plant & Equipment	134.42	142.22	151.66	153.74	164.66	159.07
Long-Term Investments	0.18	0.44	0.81	0.07	0.07	0.07
Goodwill	55.68	55.68	55.68	55.68	55.68	55.68
Other Intangible Assets	10.12	11.93	15.24	0.43	0.74	0.95
Long-Term Accounts Receivable	1.51	2.53	3.85	1.62	-	-
Long-Term Deferred Tax Assets	48.97	48.73	51.58	46.68	47.82	42.53
Other Long-Term Assets	24.52	100.2	102.2	129.94	24.2	27.94
Total Assets	1,963	2,016	1,963	2,073	1,897	1,661
Accounts Payable	173.67	165.03	93.02	154.55	162.84	113.72
Accrued Expenses	111.68	126.53	112.22	122.36	128.69	112.3
Short-Term Debt	360	410	470	460	407	357
Current Portion of Long-Term Debt	10	10	10	10	10	10
Current Portion of Leases	4.83	4.43	6.26	5.75	8.19	7.42
Current Income Taxes Payable	15.94	21.74	23.81	26.11	10.29	35.8
Current Unearned Revenue	236.71	197.97	182.19	232.65	148.91	43.13
Other Current Liabilities	18.03	15.47	21.9	15.44	15.98	15.84
Total Current Liabilities	930.86	951.17	919.4	1,027	891.9	695.22
Long-Term Debt	1.67	9.17	20	29.17	39.17	49.17
Long-Term Leases	1.1	2.84	6.08	2.96	6.22	5.26
Long-Term Deferred Tax Liabilities	34.69	38.29	39.48	36.01	21.63	14.25
Other Long-Term Liabilities	-	-	-	0.17	0.26	0.26
Total Liabilities	968.32	1,001	984.96	1,095	959.17	764.15
Common Stock	510.06	510.06	510.06	510.06	510.06	510.06
Additional Paid-In Capital	81.29	81.29	81.29	81.29	81.29	81.29
Retained Earnings	233.13	251.81	245.27	257.44	242.8	185.09
Comprehensive Income & Other	12.92	16.57	5.25	4.47	-12.93	-11.24
Total Common Equity	837.41	859.73	841.88	853.26	821.23	765.2
Minority Interest	157.46	154.99	136.11	124.19	116.19	131.21
Shareholders' Equity	994.86	1,015	977.99	977.45	937.42	896.42
Total Liabilities & Equity	1,963	2,016	1,963	2,073	1,897	1,661
Total Debt	377.6	436.44	512.34	507.88	470.58	428.84
Net Cash (Debt)	298.79	296.53	279.79	159.65	176.22	26.65
Net Cash Growth	33.12%	5.98%	75.25%	-9.40%	561.25%	-46.19%
Net Cash Per Share	5.86	5.81	5.49	3.13	3.45	0.52
Filing Date Shares Outstanding	51.01	51.01	51.01	51.01	51.01	51.01
Total Common Shares Outstanding	51.01	51.01	51.01	51.01	51.01	51.01
Working Capital	756.92	703.28	662.54	657.59	711.53	679.12
Book Value Per Share	16.42	16.86	16.51	16.73	16.10	15.00
Tangible Book Value	771.61	792.13	770.96	797.15	764.81	708.58
Tangible Book Value Per Share	15.13	15.53	15.12	15.63	14.99	13.89
Land	49.5	49.5	49.5	49.5	49.5	49.5
Buildings	99.25	99.25	99.25	99.25	99.25	99.25
Machinery	114.93	120.2	116.68	111.36	106.07	105.63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.