Bull Will 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	180.31	187.21	225.67	171.18	174.56	94.04
Trading Asset Securities	24.06	19.62	42.53	10.36	5.92	6.48
Cash & Short-Term Investments	204.37	206.83	268.2	181.54	180.48	100.52
Cash Growth	-18.63%	-22.88%	47.73%	0.59%	79.55%	35.76%
Accounts Receivable	207.16	145.27	140.68	144.92	145.11	168.25
Other Receivables	33.25	37.66	34.55	31.67	44.54	39.78
Receivables	240.4	182.93	175.23	176.59	189.65	208.04
Inventory	48	34.89	23.78	24.61	32.72	52.03
Prepaid Expenses	3.4	2.84	1.72	2.24	1.55	2.82
Other Current Assets	0.71	0.71	4.15	0.6	0.29	0.27
Total Current Assets	496.88	428.2	473.08	385.58	404.69	363.68
Property, Plant & Equipment	10.85	8.56	10.08	11.55	13.84	4.77
Long-Term Investments	-	-	-	-	-	5.07
Goodwill	17.64	17.64	17.64	17.64	17.64	17.64
Other Intangible Assets	5.13	5.64	7.69	9.75	11.8	13.85
Other Long-Term Assets	22.12	22.58	20.98	21.11	21.25	21.37
Total Assets	552.62	482.62	529.48	445.63	469.22	426.38
Accounts Payable	95.44	54.95	51.08	44.55	48	65.49
Accrued Expenses	2.58	2.56	2.08	-	1.97	1.75
Short-Term Debt	-	-	8	8	23	8
Current Portion of Long-Term Debt	0.81	0.8	20.54	7.41	8.66	7.9
Current Portion of Leases	2.61	1.91	1.86	1.52	1.76	1.25
Current Income Taxes Payable	1.9	1.38	1.3	0.88	4.32	1.92
Current Unearned Revenue	1.11	0.57	0.29	0.65	0.57	1.44
Other Current Liabilities	31.02	30.35	26.1	26.14	31.71	22.33
Total Current Liabilities	135.47	92.53	111.24	89.15	119.99	110.08
Long-Term Debt	1.98	2.18	57.56	13.63	20.44	29.04
Long-Term Leases	3.34	1.64	2.84	4.14	5.76	-
Long-Term Deferred Tax Liabilities	2.31	0.95	0.65	0.27	0.34	1.9
Other Long-Term Liabilities	0.1	0.1	0.19	0.14	0.18	0.1
Total Liabilities	143.2	97.4	172.48	107.32	146.72	141.12
Common Stock	279.56	272.62	250.93	216.57	197.62	161.11
Additional Paid-In Capital	41.94	40.48	48.91	68.37	76.13	47.3
Retained Earnings	71.19	59.18	43.26	35.77	26.17	8.75
Comprehensive Income & Other	16.06	12.25	7.79	6.26	6.57	27.56
Total Common Equity	408.75	384.53	350.89	326.98	306.49	244.72
Minority Interest	0.67	0.69	6.1	11.33	16.01	40.54
Shareholders' Equity	409.42	385.22	356.99	338.31	322.5	285.26
Total Liabilities & Equity	552.62	482.62	529.48	445.63	469.22	426.38
Total Debt	8.74	6.54	90.8	34.7	59.62	46.19
Net Cash (Debt)	195.63	200.29	177.4	146.85	120.86	54.33
Net Cash Growth	17.73%	12.90%	20.81%	21.50%	122.45%	0.03%
Net Cash Per Share	7.21	7.48	6.85	5.92	5.06	2.37
Filing Date Shares Outstanding	27.96	27.26	26.22	24.85	23.52	18.67
Total Common Shares Outstanding	27.96	27.26	26.22	24.85	23.52	18.67
Working Capital	361.41	335.68	361.84	296.43	284.7	253.6
Book Value Per Share	14.62	14.10	13.38	13.16	13.03	13.11
Tangible Book Value	385.98	361.25	325.56	299.59	277.05	213.24
Tangible Book Value Per Share	13.81	13.25	12.42	12.05	11.78	11.42
Machinery	70.24	69.62	69.2	68.43	67.98	65.63
Leasehold Improvements	11.8	11.46	11.41	11.03	11.24	10.08