Mustang Industrial 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	44.43	85.78	141.09	165.29	111.65
Short-Term Investments	456.02	376.86	289.58	213.68	183.28
Trading Asset Securities	6.01	21.03	12.01	5.02	-
Cash & Short-Term Investments	506.46	483.67	442.68	383.99	294.93
Cash Growth	4.71%	9.26%	15.28%	30.20%	-10.39%
Accounts Receivable	36.72	54.82	57.5	81.93	136.46
Other Receivables	1.71	2.1	1.85	2.02	3.5
Receivables	38.43	56.92	59.34	83.95	139.97
Inventory	21.05	19.74	29.03	39.35	53.69
Prepaid Expenses	1.06	0.71	0.8	0.74	1.21
Other Current Assets	-	4.48	4.79	4.79	2.88
Total Current Assets	567	565.53	536.65	512.83	492.67
Property, Plant & Equipment	214.69	235.16	241.07	306.31	366.19
Long-Term Investments	1.62	1.53	3.19	2.86	3.59
Other Intangible Assets	0.56	0.11	0.26	0.43	0.51
Long-Term Deferred Tax Assets	11.47	9.01	12.89	9.1	5.17
Other Long-Term Assets	16.04	16.26	16.48	16.7	16.92
Total Assets	811.38	827.59	810.54	848.22	885.05
Accounts Payable	27.81	26.42	32.4	41.89	58.73
Accrued Expenses	-	24.76	21	28.48	29.26
Current Portion of Leases	1.67	2.48	2.36	2.49	2.45
Current Income Taxes Payable	-	-	-	2	1.07
Current Unearned Revenue	-	2.95	1.96	3.01	1.46
Other Current Liabilities	26.86	4.87	8.67	5.26	4.36
Total Current Liabilities	56.35	61.48	66.39	83.12	97.32
Long-Term Leases	2.29	3.96	1.67	4.03	6.52
Pension & Post-Retirement Benefits	-	3.73	8.82	7.27	13.44
Long-Term Deferred Tax Liabilities	23.39	22.83	22.49	23.37	23.02
Other Long-Term Liabilities	2.76	0.52	0.51	0.91	0.9
Total Liabilities	84.79	92.52	99.87	118.69	141.2
Common Stock	587.78	587.78	587.78	587.78	587.78
Additional Paid-In Capital	13.8	13.74	13.71	13.68	13.67
Retained Earnings	152.67	162.17	147.55	161.71	180.24
Comprehensive Income & Other	-27.67	-28.61	-38.38	-33.63	-37.83
Shareholders' Equity	726.59	735.08	710.67	729.54	743.86
Total Liabilities & Equity	811.38	827.59	810.54	848.22	885.05
Total Debt	3.96	6.44	4.03	6.52	8.97
Net Cash (Debt)	502.5	477.24	438.65	377.48	285.96
Net Cash Growth	5.29%	8.80%	16.21%	32.00%	-12.22%
Net Cash Per Share	8.35	8.12	7.46	6.42	4.73
Filing Date Shares Outstanding	64.49	58.78	58.78	58.78	58.78
Total Common Shares Outstanding	64.49	58.78	58.78	58.78	58.78
Working Capital	510.65	504.04	470.27	429.71	395.35
Book Value Per Share	11.27	12.51	12.09	12.41	12.66
Tangible Book Value	726.03	734.97	710.42	729.11	743.35
Tangible Book Value Per Share	11.26	12.50	12.09	12.40	12.65
Land	-	108.53	108.53	108.53	108.53
Buildings	-	211.37	204.35	207.85	204.9
Machinery	-	353.35	375.36	448.38	482.61
Leasehold Improvements	-	0.64	0.64	0.64	0.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.