V-TAC 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	211.22	165.57	134.75	148.89	235.88	219.17
Short-Term Investments	21.2	23.9	38.31	32.53	110.39	-
Cash & Short-Term Investments	232.42	189.47	173.05	181.43	346.27	219.17
Cash Growth	-15.48%	9.49%	-4.62%	-47.60%	57.99%	3.33%
Accounts Receivable	473.88	382.13	323.73	297.98	410.07	173.1
Other Receivables	12.27	10.62	15.81	21.63	8.54	4.51
Receivables	486.15	392.75	339.54	319.61	418.61	177.61
Inventory	142.03	109.96	62.49	182.59	180.88	92.69
Other Current Assets	298.78	302.42	151.97	121.04	143.75	142.58
Total Current Assets	1,159	994.6	727.06	804.67	1,090	632.04
Property, Plant & Equipment	76.01	79.37	97.28	104.96	103.57	52.71
Long-Term Investments	316.02	350.46	340.43	309.03	252.73	209.81
Goodwill	-	-	-	-	-	3.88
Other Intangible Assets	-	-	0.01	0.41	4.83	0.34
Long-Term Deferred Tax Assets	8.79	8.97	9.27	9.58	8.85	9.92
Other Long-Term Assets	72.73	75.13	62.82	81.67	78.7	26.57
Total Assets	1,633	1,509	1,237	1,310	1,538	935.26
Accounts Payable	429.1	314.79	236.18	234.17	385.6	266.29
Accrued Expenses	-	-	-	23.37	51.84	30.45
Short-Term Debt	394.76	248.39	210.28	222.26	225.15	76.22
Current Portion of Long-Term Debt	2.51	6.11	2.43	2.37	2.59	-
Current Portion of Leases	0.97	0.65	0.78	6.73	5.57	5.43
Current Income Taxes Payable	10.58	19.82	24.29	21.03	11.19	7.74
Current Unearned Revenue	11.43	13.93	9.91	22.07	33.33	16.61
Other Current Liabilities	30.14	44.5	34.07	31.53	23.57	16.63
Total Current Liabilities	879.49	648.2	517.94	563.53	738.85	419.37
Long-Term Debt	28.14	61.38	32.48	34.91	39.18	-
Long-Term Leases	0.08	0.19	0.23	0.08	3	1.92
Long-Term Deferred Tax Liabilities	48.31	48.75	46.72	54.89	54.43	27.76
Other Long-Term Liabilities	1.32	1.08	0.25	0.3	0.25	0.05
Total Liabilities	957.34	759.59	597.62	653.71	835.72	449.1
Common Stock	403.61	403.61	356.41	356.41	356.41	356.41
Additional Paid-In Capital	73.37	73.37	10.54	10.54	10.54	10.54
Retained Earnings	182.29	222.46	205.99	248.99	258.08	124.66
Comprehensive Income & Other	16.33	49.51	66.31	40.67	77.44	-5.45
Shareholders' Equity	675.59	748.94	639.25	656.61	702.47	486.17
Total Liabilities & Equity	1,633	1,509	1,237	1,310	1,538	935.26
Total Debt	426.46	316.73	246.2	266.35	275.49	83.57
Net Cash (Debt)	-194.04	-127.26	-73.15	-84.92	70.77	135.6
Net Cash Growth	-	-	-	-	-47.81%	-18.07%
Net Cash Per Share	-4.92	-3.54	-2.05	-2.35	1.97	3.77
Filing Date Shares Outstanding	40.36	40.36	35.64	35.64	35.64	35.64
Total Common Shares Outstanding	40.36	40.36	35.64	35.64	35.64	35.64
Working Capital	279.89	346.41	209.12	241.14	350.66	212.67
Book Value Per Share	16.74	18.56	17.94	18.42	19.71	13.64
Tangible Book Value	675.59	748.94	639.24	656.21	697.64	481.95
Tangible Book Value Per Share	16.74	18.56	17.94	18.41	19.57	13.52
Land	-	9.57	21.21	21.21	21.21	11.64
Buildings	-	53.5	63.96	63.96	60.41	18.63
Machinery	-	11.57	12.95	11.94	17.93	18.14

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