Max Echo Technology 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	36.95	51.68	67.74	85.56	99.03	32.98
Cash & Short-Term Investments	36.95	51.68	67.74	85.56	99.03	32.98
Cash Growth	-33.04%	-23.70%	-20.83%	-13.60%	200.27%	-26.41%
Accounts Receivable	84.35	73.24	63.98	115.92	131.8	108.32
Other Receivables	4.4	7.97	0.43	4.14	4.65	2.6
Receivables	88.75	81.21	64.42	120.06	136.45	110.92
Inventory	98.35	95.61	119.61	169.76	125.45	118.22
Prepaid Expenses	-	1.56	1.56	1.31	1.25	1.29
Other Current Assets	2.41	0.67	0.45	1.34	6.43	6.62
Total Current Assets	226.46	230.73	253.79	378.03	368.61	270.03
Property, Plant & Equipment	786.79	809.93	853.72	863.25	873.73	831.79
Long-Term Investments	3.74	3.52	2.86	2.59	2.16	2.66
Other Intangible Assets	0.19	0.47	1.12	1.17	1.7	-
Long-Term Deferred Tax Assets	21.49	22.57	24.82	14.96	13.98	12.99
Other Long-Term Assets	84.72	84.71	84.82	87.31	86.79	87.57
Total Assets	1,123	1,152	1,221	1,347	1,347	1,205
Accounts Payable	47.64	43.54	19.57	75.19	73.77	60.61
Accrued Expenses	29.97	21.14	24.33	51.56	47.33	33.74
Short-Term Debt	20	-	100	20	105	30
Current Portion of Long-Term Debt	39.86	39.86	55.67	55.23	48.68	54.68
Current Income Taxes Payable	-	-	-	7.79	7.56	-
Current Unearned Revenue	0.8	0.16	0.78	0.47	0.94	0.37
Other Current Liabilities	27.46	25.22	23.7	32.12	61.18	24.22
Total Current Liabilities	165.73	129.92	224.05	242.37	344.46	203.62
Long-Term Debt	467.23	497.13	391.61	411.7	439.09	487.77
Pension & Post-Retirement Benefits	3.74	3.74	8.37	9.04	-	-
Long-Term Deferred Tax Liabilities	3.51	3.53	3.49	3.83	3.33	3.19
Other Long-Term Liabilities	-	-	-	-	12.87	13.41
Total Liabilities	640.2	634.32	627.52	666.94	799.74	707.98
Common Stock	380.56	380.56	380.56	380.56	335.79	335.79
Additional Paid-In Capital	71.66	71.66	71.66	71.66	19.45	19.45
Retained Earnings	27.94	62.58	139.23	226.27	190.54	139.85
Comprehensive Income & Other	3.03	2.81	2.15	1.88	1.46	1.96
Shareholders' Equity	483.19	517.61	593.6	680.37	547.24	497.06
Total Liabilities & Equity	1,123	1,152	1,221	1,347	1,347	1,205
Total Debt	527.09	536.99	547.29	486.94	592.77	572.45
Net Cash (Debt)	-490.14	-485.3	-479.55	-401.37	-493.74	-539.47
Net Cash Per Share	-12.88	-12.75	-12.60	-10.92	-14.59	-16.03
Filing Date Shares Outstanding	38.06	38.06	38.06	38.06	33.58	33.58
Total Common Shares Outstanding	38.06	38.06	38.06	38.06	33.58	33.58
Working Capital	60.74	100.81	29.73	135.67	24.15	66.41
Book Value Per Share	12.70	13.60	15.60	17.88	16.30	14.80
Tangible Book Value	483	517.14	592.48	679.2	545.54	497.06
Tangible Book Value Per Share	12.69	13.59	15.57	17.85	16.25	14.80
Land	452.48	452.3	452.07	451.84	451.61	451.38
Buildings	284.46	283.86	294.43	294.05	288.96	291.22
Machinery	245.55	291.77	358.2	332.17	262.58	235.67
Construction In Progress	1.22	-	1.56	0.41	49.49	-

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