Taiwan Thick-Film Ind. 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	459.78	334.77	329.06	337.94	187.7
Short-Term Investments	-	64.76	61.28	-	-
Trading Asset Securities	3.4	5.53	6.19	4.01	4.5
Cash & Short-Term Investments	463.18	405.05	396.53	341.95	192.19
Cash Growth	14.35%	2.15%	15.96%	77.92%	8.15%
Accounts Receivable	527.98	564.22	515.07	571.99	618.33
Other Receivables	33.05	3.35	31.49	31.88	31.04
Receivables	561.03	567.57	546.56	603.86	649.37
Inventory	152.98	166.47	158.22	272.66	285.14
Other Current Assets	17.08	32.7	23.91	32.25	30.37
Total Current Assets	1,194	1,172	1,125	1,251	1,157
Property, Plant & Equipment	98.14	100.26	112.78	129.14	108.33
Long-Term Investments	-	-	-	0.97	1.01
Other Intangible Assets	2.02	1	0.8	0.94	0.59
Other Long-Term Assets	21.71	25.43	10.8	8.49	12.51
Total Assets	1,316	1,298	1,250	1,390	1,280
Accounts Payable	480.28	484.04	449.94	456.87	471.15
Accrued Expenses	0.89	0.88	0.87	0.88	0.87
Short-Term Debt	222.36	226.51	205.41	284.32	211.69
Current Portion of Long-Term Debt	-	110.21	101.73	104.16	103.88
Current Portion of Leases	3.58	3.56	4.17	3.13	1.99
Other Current Liabilities	175.58	68.63	54.99	78.41	65.3
Total Current Liabilities	882.68	893.82	817.11	927.76	854.88
Long-Term Debt	2.4	10.86	6.25	9.67	15.51
Long-Term Leases	2.57	5.18	9.28	10.41	-
Other Long-Term Liabilities	0.19	0.19	0.18	0.18	0.18
Total Liabilities	887.83	910.05	832.82	948.02	870.56
Common Stock	378.51	378.51	378.51	371.09	371.09
Additional Paid-In Capital	21.43	21.43	21.43	21.43	21.43
Retained Earnings	43.52	0.24	50.26	75.85	54.55
Comprehensive Income & Other	-15.17	-11.76	-33.42	-26.14	-38.13
Shareholders' Equity	428.3	388.42	416.78	442.23	408.94
Total Liabilities & Equity	1,316	1,298	1,250	1,390	1,280
Total Debt	230.91	356.31	326.84	411.68	333.06
Net Cash (Debt)	232.27	48.74	69.7	-69.73	-140.87
Net Cash Growth	376.55%	-30.07%	-	-	-
Net Cash Per Share	6.12	1.29	1.84	-1.84	-3.91
Filing Date Shares Outstanding	38.3	37.85	37.85	37.85	37.85
Total Common Shares Outstanding	38.3	37.85	37.85	37.85	37.85
Working Capital	311.58	277.97	308.11	322.95	302.19
Book Value Per Share	11.18	10.26	11.01	11.68	10.80
Tangible Book Value	426.28	387.43	415.98	441.29	408.36
Tangible Book Value Per Share	11.13	10.24	10.99	11.66	10.79
Buildings	-	144.91	144.53	152.78	185.66
Machinery	-	276.27	317.41	321.16	302.79

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