Papago Balance Sheet

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	19.22	23.85	19.09	69.65	75.15	72.89
Short-Term Investments	0.8	-	-	-	-	-
Cash & Short-Term Investments	20.02	23.85	19.09	69.65	75.15	72.89
Cash Growth	9.16%	24.96%	-72.60%	-7.33%	3.11%	-18.78%
Accounts Receivable	25.91	23	42.03	50.16	50.08	29.8
Other Receivables	0.27	0.27	0.53	0.63	0.51	0.86
Receivables	26.19	23.27	42.56	50.8	50.59	30.66
Inventory	33.12	30.18	26.56	31.57	35.25	27.65
Prepaid Expenses	15.9	14.2	8.47	8.07	9.02	16.58
Other Current Assets	0.61	4.52	0.57	0.24	0.47	35.73
Total Current Assets	95.84	96.02	97.24	160.32	170.48	183.5
Property, Plant & Equipment	92.41	101.47	101.64	93.24	88.97	109.28
Long-Term Investments	57.32	59.65	59.86	49.75	49.01	55.26
Other Intangible Assets	0.68	0.76	-	-	-	-
Long-Term Deferred Tax Assets	55.18	55.56	56.77	56.83	56.34	57.92
Other Long-Term Assets	13.14	11.28	13.31	17.45	21.61	16.24
Total Assets	314.56	324.74	328.82	377.59	386.4	422.2
Accounts Payable	1.96	4.2	9.41	7.71	11.11	10.59
Accrued Expenses	-	13.85	12.75	10.98	11.45	12.5
Short-Term Debt	15.17	14	-	20	23.41	21
Current Portion of Long-Term Debt	-	5.87	3.95	9.22	11.02	12.79
Current Portion of Leases	14.43	15.38	12.76	10.68	11.63	13.44
Current Income Taxes Payable	3.07	2.09	0.22	0.45	0.13	1.17
Current Unearned Revenue	18.58	21.11	12.93	16.9	15.83	16.37
Other Current Liabilities	32.28	16.86	19.91	27.49	25.9	61.05
Total Current Liabilities	85.48	93.36	71.93	103.42	110.48	148.91
Long-Term Debt	61.39	57.71	59.99	66.05	78.03	75.29
Long-Term Leases	15.64	23.23	27.72	15.88	10.03	21.87
Pension & Post-Retirement Benefits	-	-	-	-	-	0.38
Long-Term Deferred Tax Liabilities	0.1	0.07	-	-	-	0.14
Other Long-Term Liabilities	15.08	16.03	19.97	19.21	19.44	1.56
Total Liabilities	177.68	190.4	179.61	204.56	217.99	248.15
Common Stock	408.9	408.9	408.9	408.9	408.9	408.9
Additional Paid-In Capital	-	1.81	1.81	1.85	1.81	1.78
Retained Earnings	-257.77	-260.27	-244.56	-231.27	-233.45	-236.52
Comprehensive Income & Other	-29.09	-30.49	-30.67	-31.47	-31.23	-31.81
Total Common Equity	122.04	119.94	135.48	148	146.03	142.35
Minority Interest	14.84	14.4	13.74	25.03	22.39	31.7
Shareholders' Equity	136.88	134.34	149.21	173.03	168.42	174.05
Total Liabilities & Equity	314.56	324.74	328.82	377.59	386.4	422.2
Total Debt	106.62	116.19	104.43	121.83	134.12	144.39
Net Cash (Debt)	-86.6	-92.34	-85.34	-52.18	-58.96	-71.5
Net Cash Per Share	-2.12	-2.26	-2.09	-1.28	-1.44	-1.75
Filing Date Shares Outstanding	40.89	40.89	40.89	40.89	40.89	40.89
Total Common Shares Outstanding	40.89	40.89	40.89	40.89	40.89	40.89
Working Capital	10.35	2.66	25.31	56.89	60	34.59
Book Value Per Share	2.98	2.93	3.31	3.62	3.57	3.48
Tangible Book Value	121.37	119.19	135.48	148	146.03	142.35
Tangible Book Value Per Share	2.97	2.91	3.31	3.62	3.57	3.48
Land	-	35.4	35.4	35.4	35.4	35.4
Buildings	-	25.77	25.42	25.42	25.42	25.42
Machinery	-	53.88	50.53	74.77	78.21	76.97
Leasehold Improvements	-	10.8	10.69	19.97	20.87	28.85

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