Mustang Industrial 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	44.31	85.78	141.09	165.29	111.65	298.6
Short-Term Investments	426.19	376.86	289.58	213.68	183.28	-
Trading Asset Securities	16.54	21.03	12.01	5.02	-	30.52
Cash & Short-Term Investments	487.04	483.67	442.68	383.99	294.93	329.11
Cash Growth	6.31%	9.26%	15.28%	30.20%	-10.39%	30.64%
Accounts Receivable	26.75	54.82	57.5	81.93	136.46	133.83
Other Receivables	1.99	2.1	1.85	2.02	3.5	11.08
Receivables	28.74	56.92	59.34	83.95	139.97	144.9
Inventory	21.3	19.74	29.03	39.35	53.69	118.29
Prepaid Expenses	0.65	0.71	0.8	0.74	1.21	2.72
Other Current Assets	4.28	4.48	4.79	4.79	2.88	3.72
Total Current Assets	542.02	565.53	536.65	512.83	492.67	598.74
Property, Plant & Equipment	217.43	235.16	241.07	306.31	366.19	322.44
Long-Term Investments	1.53	1.53	3.19	2.86	3.59	3.19
Other Intangible Assets	0.15	0.11	0.26	0.43	0.51	0.79
Long-Term Deferred Tax Assets	11.91	9.01	12.89	9.1	5.17	7.87
Other Long-Term Assets	16.1	16.26	16.48	16.7	16.92	17.27
Total Assets	789.14	827.59	810.54	848.22	885.05	950.29
Accounts Payable	23.37	26.42	32.4	41.89	58.73	75.49
Accrued Expenses	16.56	24.76	21	28.48	29.26	33.02
Current Portion of Leases	1.98	2.48	2.36	2.49	2.45	1.62
Current Income Taxes Payable	0.5	-	-	2	1.07	2.14
Current Unearned Revenue	2.86	2.95	1.96	3.01	1.46	1.1
Other Current Liabilities	3.59	4.87	8.67	5.26	4.36	4.91
Total Current Liabilities	48.87	61.48	66.39	83.12	97.32	118.27
Long-Term Leases	2.6	3.96	1.67	4.03	6.52	1.71
Pension & Post-Retirement Benefits	3.27	3.73	8.82	7.27	13.44	23.44
Long-Term Deferred Tax Liabilities	23.28	22.83	22.49	23.37	23.02	28.81
Other Long-Term Liabilities	0.5	0.52	0.51	0.91	0.9	0.9
Total Liabilities	78.52	92.52	99.87	118.69	141.2	173.12
Common Stock	587.78	587.78	587.78	587.78	587.78	612.27
Additional Paid-In Capital	13.74	13.74	13.71	13.68	13.67	13.66
Retained Earnings	150.51	162.17	147.55	161.71	180.24	190.28
Comprehensive Income & Other	-41.41	-28.61	-38.38	-33.63	-37.83	-39.02
Shareholders' Equity	710.62	735.08	710.67	729.54	743.86	777.18
Total Liabilities & Equity	789.14	827.59	810.54	848.22	885.05	950.29
Total Debt	4.58	6.44	4.03	6.52	8.97	3.33
Net Cash (Debt)	482.46	477.24	438.65	377.48	285.96	325.79
Net Cash Growth	5.80%	8.80%	16.21%	32.00%	-12.22%	32.37%
Net Cash Per Share	8.21	8.12	7.46	6.42	4.73	5.53
Filing Date Shares Outstanding	58.78	58.78	58.78	58.78	58.78	58.78
Total Common Shares Outstanding	58.78	58.78	58.78	58.78	58.78	58.78
Working Capital	493.15	504.04	470.27	429.71	395.35	480.47
Book Value Per Share	12.09	12.51	12.09	12.41	12.66	13.22
Tangible Book Value	710.47	734.97	710.42	729.11	743.35	776.39
Tangible Book Value Per Share	12.09	12.50	12.09	12.40	12.65	13.21
Land	108.53	108.53	108.53	108.53	108.53	108.53
Buildings	202.87	211.37	204.35	207.85	204.9	204.22
Machinery	322.91	353.35	375.36	448.38	482.61	432.38
Leasehold Improvements	0.64	0.64	0.64	0.64	0.64	0.64

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