Mustang Industrial Corp. (TPEX:5460)

Mustang Industrial Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	29.7	44.43	85.78	141.09	165.29	111.65
Short-Term Investments	489.3	453.77	376.86	289.58	213.68	183.28
Trading Asset Securities	-	6.01	21.03	12.01	5.02	-
Cash & Short-Term Investments	519	504.21	483.67	442.68	383.99	294.93
Cash Growth	11.62%	4.25%	9.26%	15.28%	30.20%	-10.39%
Accounts Receivable	41.03	36.72	54.82	57.5	81.93	136.46
Other Receivables	1.74	1.71	2.1	1.85	2.02	3.5
Receivables	42.77	38.43	56.92	59.34	83.95	139.97
Inventory	23.65	21.05	19.74	29.03	39.35	53.69
Prepaid Expenses	0.69	1.06	0.71	0.8	0.74	1.21
Other Current Assets	-	2.25	4.48	4.79	4.79	2.88
Total Current Assets	586.09	567	565.53	536.65	512.83	492.67
Property, Plant & Equipment	208.5	214.69	235.16	241.07	306.31	366.19
Long-Term Investments	1.62	1.62	1.53	3.19	2.86	3.59
Other Intangible Assets	0.6	0.56	0.11	0.26	0.43	0.51
Long-Term Deferred Tax Assets	10.43	11.47	9.01	12.89	9.1	5.17
Other Long-Term Assets	15.93	16.04	16.26	16.48	16.7	16.92
Total Assets	823.16	811.38	827.59	810.54	848.22	885.05

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	29.91	27.81	26.42	32.4	41.89	58.73
Accrued Expenses	-	19.88	24.76	21	28.48	29.26
Current Portion of Leases	1.27	1.67	2.48	2.36	2.49	2.45
Current Income Taxes Payable	-	-	-	-	2	1.07
Current Unearned Revenue	-	3.06	2.95	1.96	3.01	1.46
Other Current Liabilities	20.23	3.91	4.87	8.67	5.26	4.36
Total Current Liabilities	51.41	56.35	61.48	66.39	83.12	97.32
Long-Term Leases	1.65	2.29	3.96	1.67	4.03	6.52
Pension & Post-Retirement Benefits	-	2.24	3.73	8.82	7.27	13.44
Long-Term Deferred Tax Liabilities	23.25	23.39	22.83	22.49	23.37	23.02
Other Long-Term Liabilities	2.44	0.52	0.52	0.51	0.91	0.9
Total Liabilities	78.74	84.79	92.52	99.87	118.69	141.2

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	587.78	587.78	587.78	587.78	587.78	587.78
Additional Paid-In Capital	13.8	13.8	13.74	13.71	13.68	13.67
Retained Earnings	158.53	152.67	162.17	147.55	161.71	180.24
Comprehensive Income & Other	-15.69	-27.67	-28.61	-38.38	-33.63	-37.83
Shareholders' Equity	744.43	726.59	735.08	710.67	729.54	743.86
Total Liabilities & Equity	823.16	811.38	827.59	810.54	848.22	885.05

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2.92	3.96	6.44	4.03	6.52	8.97
Net Cash (Debt)	516.08	500.25	477.24	438.65	377.48	285.96
Net Cash Growth	12.25%	4.82%	8.80%	16.21%	32.00%	-12.22%
Net Cash Per Share	8.76	8.51	8.12	7.46	6.42	4.73
Filing Date Shares Outstanding	67.4	58.78	58.78	58.78	58.78	58.78
Total Common Shares Outstanding	67.4	58.78	58.78	58.78	58.78	58.78
Working Capital	534.69	510.65	504.04	470.27	429.71	395.35
Book Value Per Share	11.04	12.36	12.51	12.09	12.41	12.66
Tangible Book Value	743.83	726.03	734.97	710.42	729.11	743.35
Tangible Book Value Per Share	11.04	12.35	12.50	12.09	12.40	12.65
Land	-	108.53	108.53	108.53	108.53	108.53
Buildings	-	215	211.37	204.35	207.85	204.9
Machinery	-	335.1	353.35	375.36	448.38	482.61
Leasehold Improvements	-	0.64	0.64	0.64	0.64	0.64

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 23, 2026

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