V-TAC Technology 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	159.32	165.57	134.75	148.89	235.88
Short-Term Investments	17.91	23.9	38.31	32.53	110.39
Cash & Short-Term Investments	177.22	189.47	173.05	181.43	346.27
Cash Growth	-6.46%	9.49%	-4.62%	-47.60%	57.99%
Accounts Receivable	241.81	258.42	323.73	297.98	410.07
Other Receivables	222.12	134.33	15.81	21.63	8.54
Receivables	463.93	392.75	339.54	319.61	418.61
Inventory	164.24	109.96	62.49	182.59	180.88
Other Current Assets	367.71	302.42	151.97	121.04	143.75
Total Current Assets	1,173	994.6	727.06	804.67	1,090
Property, Plant & Equipment	85.56	79.37	97.28	104.96	103.57
Long-Term Investments	337.58	350.46	340.43	309.03	252.73
Other Intangible Assets	-	-	0.01	0.41	4.83
Long-Term Deferred Tax Assets	8.22	8.97	9.27	9.58	8.85
Other Long-Term Assets	72.34	75.13	62.82	81.67	78.7
Total Assets	1,677	1,509	1,237	1,310	1,538
Accounts Payable	363.4	314.79	236.18	234.17	385.6
Accrued Expenses	-	-	-	23.37	51.84
Short-Term Debt	466.6	248.39	210.28	222.26	225.15
Current Portion of Long-Term Debt	2.52	6.11	2.43	2.37	2.59
Current Portion of Leases	3.39	0.65	0.78	6.73	5.57
Current Income Taxes Payable	6.43	19.82	24.29	21.03	11.19
Current Unearned Revenue	6.72	13.93	9.91	22.07	33.33
Other Current Liabilities	46.99	44.5	34.07	31.53	23.57
Total Current Liabilities	896.05	648.2	517.94	563.53	738.85
Long-Term Debt	27.51	61.38	32.48	34.91	39.18
Long-Term Leases	6.25	0.19	0.23	0.08	3
Long-Term Deferred Tax Liabilities	47.01	48.75	46.72	54.89	54.43
Other Long-Term Liabilities	1.4	1.08	0.25	0.3	0.25
Total Liabilities	978.22	759.59	597.62	653.71	835.72
Common Stock	403.61	403.61	356.41	356.41	356.41
Additional Paid-In Capital	73.54	73.37	10.54	10.54	10.54
Retained Earnings	185.17	222.46	205.99	248.99	258.08
Comprehensive Income & Other	36.27	49.51	66.31	40.67	77.44
Shareholders' Equity	698.59	748.94	639.25	656.61	702.47
Total Liabilities & Equity	1,677	1,509	1,237	1,310	1,538
Total Debt	506.27	316.73	246.2	266.35	275.49
Net Cash (Debt)	-329.05	-127.26	-73.15	-84.92	70.77
Net Cash Growth	-	-	-	-	-47.81%
Net Cash Per Share	-8.15	-3.54	-2.05	-2.35	1.97
Filing Date Shares Outstanding	40.36	40.36	35.64	35.64	35.64
Total Common Shares Outstanding	40.36	40.36	35.64	35.64	35.64
Working Capital	277.06	346.41	209.12	241.14	350.66
Book Value Per Share	17.31	18.56	17.94	18.42	19.71
Tangible Book Value	698.59	748.94	639.24	656.21	697.64
Tangible Book Value Per Share	17.31	18.56	17.94	18.41	19.57
Land	9.57	9.57	21.21	21.21	21.21
Buildings	53.07	53.5	63.96	63.96	60.41
Machinery	9.15	11.57	12.95	11.94	17.93

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