Zen Voce Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	615.14	612.28	638.4	745.16	591.13	533.04
Trading Asset Securities	155.31	92.56	94.57	46.97	76.4	113.75
Cash & Short-Term Investments	770.45	704.84	732.97	792.13	667.53	646.79
Cash Growth	13.91%	-3.84%	-7.47%	18.67%	3.21%	42.00%
Accounts Receivable	413.23	394.91	311.54	213.42	327.64	379.71
Other Receivables	17.16	50.25	9.93	4.53	7.53	6.02
Receivables	430.39	445.16	321.46	217.95	335.17	385.73
Inventory	794.34	555.77	597.08	534.19	611.24	527.77
Prepaid Expenses	101.98	8.27	8.63	30.88	66.15	37.62
Other Current Assets	9.96	7.46	2.4	6.8	4.36	5.52
Total Current Assets	2,107	1,721	1,663	1,582	1,684	1,603
Property, Plant & Equipment	142.37	136.19	142.22	151.66	153.74	164.66
Long-Term Investments	0.77	0.14	0.44	0.81	0.07	0.07
Goodwill	-	55.68	55.68	55.68	55.68	55.68
Other Intangible Assets	62.38	9.26	11.93	15.24	0.43	0.74
Long-Term Accounts Receivable	-	-	2.53	3.85	1.62	-
Long-Term Deferred Tax Assets	44.56	48.51	48.73	51.58	46.68	47.82
Other Long-Term Assets	75.54	55.71	100.2	102.2	129.94	24.2
Total Assets	2,433	2,027	2,024	1,963	2,073	1,897

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	186.02	170	165.03	93.02	154.55	162.84
Accrued Expenses	-	144.71	126.29	112.22	122.36	128.69
Short-Term Debt	500	370	410	470	460	407
Current Portion of Long-Term Debt	4.15	9.17	10	10	10	10
Current Portion of Leases	4.53	4.21	4.43	6.26	5.75	8.19
Current Income Taxes Payable	10.17	25.77	21.74	23.81	26.11	10.29
Current Unearned Revenue	418.6	191.96	206.12	182.19	232.65	148.91
Other Current Liabilities	146.25	18.85	15.65	21.9	15.44	15.98
Total Current Liabilities	1,270	934.67	959.26	919.4	1,027	891.9
Long-Term Debt	-	-	9.17	20	29.17	39.17
Long-Term Leases	2.14	1.05	2.84	6.08	2.96	6.22
Long-Term Deferred Tax Liabilities	31.04	34.85	38.29	39.48	36.01	21.63
Other Long-Term Liabilities	-	-	-	-	0.17	0.26
Total Liabilities	1,303	970.57	1,010	984.96	1,095	959.17

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
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	334.07	269.17	251.81	245.27	257.44	242.8
Comprehensive Income & Other	30.59	24.12	16.57	5.25	4.47	-12.93
Total Common Equity	956.01	884.65	859.73	841.88	853.26	821.23
Minority Interest	173.82	171.76	154.99	136.11	124.19	116.19
Shareholders' Equity	1,130	1,056	1,015	977.99	977.45	937.42
Total Liabilities & Equity	2,433	2,027	2,024	1,963	2,073	1,897

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	510.82	384.43	436.44	512.34	507.88	470.58
Net Cash (Debt)	259.64	320.41	296.53	279.79	159.65	176.22
Net Cash Growth	-13.10%	8.05%	5.98%	75.25%	-9.40%	561.25%
Net Cash Per Share	5.20	6.28	5.81	5.49	3.13	3.45
Filing Date Shares Outstanding	50.83	51.01	51.01	51.01	51.01	51.01
Total Common Shares Outstanding	50.83	51.01	51.01	51.01	51.01	51.01
Working Capital	837.4	786.83	703.28	662.54	657.59	711.53
Book Value Per Share	18.81	17.34	16.86	16.51	16.73	16.10
Tangible Book Value	893.63	819.71	792.13	770.96	797.15	764.81
Tangible Book Value Per Share	17.58	16.07	15.53	15.12	15.63	14.99
Land	-	49.5	49.5	49.5	49.5	49.5
Buildings	-	99.25	99.25	99.25	99.25	99.25
Machinery	-	119.1	120.2	116.68	111.36	106.07