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	Jun '26 Jun 30, 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	184.84	187.21	225.67	171.18	174.56	94.04
Trading Asset Securities	14.68	19.62	42.53	10.36	5.92	6.48
Cash & Short-Term Investments	199.52	206.83	268.2	181.54	180.48	100.52
Cash Growth	-14.64%	-22.88%	47.73%	0.59%	79.55%	35.76%
Accounts Receivable	251.79	145.27	140.68	144.92	145.11	168.25
Other Receivables	35.6	37.66	34.55	31.67	44.54	39.78
Receivables	287.4	182.93	175.23	176.59	189.65	208.04
Inventory	39.29	34.89	23.78	24.61	32.72	52.03
Prepaid Expenses	3.13	2.84	1.72	2.24	1.55	2.82
Other Current Assets	3.76	0.71	4.15	0.6	0.29	0.27
Total Current Assets	533.09	428.2	473.08	385.58	404.69	363.68
Property, Plant & Equipment	19.93	8.56	10.08	11.55	13.84	4.77
Long-Term Investments	2.14	-	-	-	-	5.07
Goodwill	-	17.64	17.64	17.64	17.64	17.64
Other Intangible Assets	22.25	5.64	7.69	9.75	11.8	13.85
Other Long-Term Assets	21.9	22.58	20.98	21.11	21.25	21.37
Total Assets	599.3	482.62	529.48	445.63	469.22	426.38
Accounts Payable	114.1	54.95	51.08	44.55	48	65.49
Accrued Expenses	-	2.56	2.08	-	1.97	1.75
Short-Term Debt	-	-	8	8	23	8
Current Portion of Long-Term Debt	-	0.8	20.54	7.41	8.66	7.9
Current Portion of Leases	2.65	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	0.57	0.29	0.65	0.57	1.44
Other Current Liabilities	51.25	30.35	26.1	26.14	31.71	22.33
Total Current Liabilities	170.9	92.53	111.24	89.15	119.99	110.08
Long-Term Debt	3.78	2.18	57.56	13.63	20.44	29.04
Long-Term Leases	2.68	1.64	2.84	4.14	5.76	-
Long-Term Deferred Tax Liabilities	1.24	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	178.69	97.4	172.48	107.32	146.72	141.12
Common Stock	280.56	272.62	250.93	216.57	197.62	161.11
Additional Paid-In Capital	-	40.48	48.91	68.37	76.13	47.3
Retained Earnings	78.52	59.18	43.26	35.77	26.17	8.75
Comprehensive Income & Other	60.73	12.25	7.79	6.26	6.57	27.56
Total Common Equity	419.82	384.53	350.89	326.98	306.49	244.72
Minority Interest	0.79	0.69	6.1	11.33	16.01	40.54
Shareholders' Equity	420.61	385.22	356.99	338.31	322.5	285.26
Total Liabilities & Equity	599.3	482.62	529.48	445.63	469.22	426.38
Total Debt	9.1	6.54	90.8	34.7	59.62	46.19
Net Cash (Debt)	190.42	200.29	177.4	146.85	120.86	54.33
Net Cash Growth	23.96%	12.90%	20.81%	21.50%	122.45%	0.03%
Net Cash Per Share	6.69	7.48	6.85	5.92	5.06	2.37
Filing Date Shares Outstanding	28.07	27.26	26.22	24.85	23.52	18.67
Total Common Shares Outstanding	28.07	27.26	26.22	24.85	23.52	18.67
Working Capital	362.19	335.68	361.84	296.43	284.7	253.6
Book Value Per Share	14.96	14.10	13.38	13.16	13.03	13.11
Tangible Book Value	397.56	361.25	325.56	299.59	277.05	213.24
Tangible Book Value Per Share	14.17	13.25	12.42	12.05	11.78	11.42
Machinery	-	69.62	69.2	68.43	67.98	65.63
Leasehold Improvements	-	11.46	11.41	11.03	11.24	10.08