Mustang Industrial 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	54.43	44.43	85.78	141.09	165.29	111.65
Short-Term Investments	454.65	453.77	376.86	289.58	213.68	183.28
Trading Asset Securities	2	6.01	21.03	12.01	5.02	-
Cash & Short-Term Investments	511.08	504.21	483.67	442.68	383.99	294.93
Cash Growth	3.52%	4.25%	9.26%	15.28%	30.20%	-10.39%
Accounts Receivable	41.93	36.72	54.82	57.5	81.93	136.46
Other Receivables	1.52	1.71	2.1	1.85	2.02	3.5
Receivables	43.45	38.43	56.92	59.34	83.95	139.97
Inventory	20.7	21.05	19.74	29.03	39.35	53.69
Prepaid Expenses	1.66	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	576.89	567	565.53	536.65	512.83	492.67
Property, Plant & Equipment	214	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	0.63	0.56	0.11	0.26	0.43	0.51
Long-Term Deferred Tax Assets	10.61	11.47	9.01	12.89	9.1	5.17
Other Long-Term Assets	15.99	16.04	16.26	16.48	16.7	16.92
Total Assets	819.74	811.38	827.59	810.54	848.22	885.05
Accounts Payable	30.15	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	1.37	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	19.21	3.91	4.87	8.67	5.26	4.36
Total Current Liabilities	50.73	56.35	61.48	66.39	83.12	97.32
Long-Term Leases	1.97	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	23.66	23.39	22.83	22.49	23.37	23.02
Other Long-Term Liabilities	2.56	0.52	0.52	0.51	0.91	0.9
Total Liabilities	78.91	84.79	92.52	99.87	118.69	141.2
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	157.86	152.67	162.17	147.55	161.71	180.24
Comprehensive Income & Other	-18.61	-27.67	-28.61	-38.38	-33.63	-37.83
Shareholders' Equity	740.83	726.59	735.08	710.67	729.54	743.86
Total Liabilities & Equity	819.74	811.38	827.59	810.54	848.22	885.05
Total Debt	3.33	3.96	6.44	4.03	6.52	8.97
Net Cash (Debt)	507.75	500.25	477.24	438.65	377.48	285.96
Net Cash Growth	4.07%	4.82%	8.80%	16.21%	32.00%	-12.22%
Net Cash Per Share	8.64	8.51	8.12	7.46	6.42	4.73
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	526.16	510.65	504.04	470.27	429.71	395.35
Book Value Per Share	12.60	12.36	12.51	12.09	12.41	12.66
Tangible Book Value	740.2	726.03	734.97	710.42	729.11	743.35
Tangible Book Value Per Share	12.59	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