Papago 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	23.85	19.09	69.65	75.15	72.89
Short-Term Investments	4.22	-	-	-	-
Cash & Short-Term Investments	28.07	19.09	69.65	75.15	72.89
Cash Growth	47.07%	-72.60%	-7.33%	3.11%	-18.78%
Accounts Receivable	23	42.03	50.16	50.08	29.8
Other Receivables	0.27	0.53	0.63	0.51	0.86
Receivables	23.27	42.56	50.8	50.59	30.66
Inventory	30.18	26.56	31.57	35.25	27.65
Prepaid Expenses	14.2	8.47	8.07	9.02	16.58
Other Current Assets	0.3	0.57	0.24	0.47	35.73
Total Current Assets	96.02	97.24	160.32	170.48	183.5
Property, Plant & Equipment	101.47	101.64	93.24	88.97	109.28
Long-Term Investments	59.65	59.86	49.75	49.01	55.26
Other Intangible Assets	0.76	-	-	-	-
Long-Term Deferred Tax Assets	55.56	56.77	56.83	56.34	57.92
Other Long-Term Assets	11.28	13.31	17.45	21.61	16.24
Total Assets	324.74	328.82	377.59	386.4	422.2
Accounts Payable	4.2	9.41	7.71	11.11	10.59
Accrued Expenses	-	12.75	10.98	11.45	12.5
Short-Term Debt	14	-	20	23.41	21
Current Portion of Long-Term Debt	-	3.95	9.22	11.02	12.79
Current Portion of Leases	15.38	12.76	10.68	11.63	13.44
Current Income Taxes Payable	2.09	0.22	0.45	0.13	1.17
Current Unearned Revenue	21.11	12.93	16.9	15.83	16.37
Other Current Liabilities	36.58	19.91	27.49	25.9	61.05
Total Current Liabilities	93.36	71.93	103.42	110.48	148.91
Long-Term Debt	57.71	59.99	66.05	78.03	75.29
Long-Term Leases	23.23	27.72	15.88	10.03	21.87
Pension & Post-Retirement Benefits	-	-	-	-	0.38
Long-Term Deferred Tax Liabilities	0.07	-	-	-	0.14
Other Long-Term Liabilities	16.03	19.97	19.21	19.44	1.56
Total Liabilities	190.4	179.61	204.56	217.99	248.15
Common Stock	408.9	408.9	408.9	408.9	408.9
Additional Paid-In Capital	-	1.81	1.85	1.81	1.78
Retained Earnings	-260.27	-244.56	-231.27	-233.45	-236.52
Comprehensive Income & Other	-28.68	-30.67	-31.47	-31.23	-31.81
Total Common Equity	119.94	135.48	148	146.03	142.35
Minority Interest	14.4	13.74	25.03	22.39	31.7
Shareholders' Equity	134.34	149.21	173.03	168.42	174.05
Total Liabilities & Equity	324.74	328.82	377.59	386.4	422.2
Total Debt	110.32	104.43	121.83	134.12	144.39
Net Cash (Debt)	-82.25	-85.34	-52.18	-58.96	-71.5
Net Cash Per Share	-2.00	-2.09	-1.28	-1.44	-1.75
Filing Date Shares Outstanding	41.42	40.89	40.89	40.89	40.89
Total Common Shares Outstanding	41.42	40.89	40.89	40.89	40.89
Working Capital	2.66	25.31	56.89	60	34.59
Book Value Per Share	2.90	3.31	3.62	3.57	3.48
Tangible Book Value	119.19	135.48	148	146.03	142.35
Tangible Book Value Per Share	2.88	3.31	3.62	3.57	3.48
Land	-	35.4	35.4	35.4	35.4
Buildings	-	25.42	25.42	25.42	25.42
Machinery	-	50.53	74.77	78.21	76.97
Leasehold Improvements	-	10.69	19.97	20.87	28.85

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