Sincere Security Corp. 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	299.08	401.25	394.57	389.19	305.54	247.67
Cash & Short-Term Investments	299.08	401.25	394.57	389.19	305.54	247.67
Cash Growth	16.86%	1.69%	1.38%	27.38%	23.36%	-2.25%
Accounts Receivable	685.76	624.27	526.57	471.09	473.39	334.79
Receivables	685.76	624.27	526.57	471.09	473.39	334.79
Prepaid Expenses	13.14	10.88	11.31	9.29	8.1	7.41
Other Current Assets	23.79	30.56	19.74	115.9	66.25	62.94
Total Current Assets	1,022	1,067	952.18	985.47	853.28	652.81
Property, Plant & Equipment	136.04	137.68	138.92	133.8	127.35	128.74
Long-Term Accounts Receivable	-	14.24	-	1.83	6.8	12.68
Long-Term Deferred Tax Assets	-	1.78	0.54	0.39	0.19	1.45
Other Long-Term Assets	37.19	18.62	38.41	20.12	33.49	64.08
Total Assets	1,195	1,239	1,130	1,142	1,021	859.77
Accounts Payable	36.1	50.12	46.54	62.42	57.37	51.68
Accrued Expenses	-	415.53	380.28	335.58	294.97	253.15
Short-Term Debt	90	30	-	80	20	20
Current Portion of Long-Term Debt	-	2.7	2.7	2.7	22.5	3.5
Current Portion of Leases	3.04	3.22	2.6	1.47	2.75	4.53
Current Income Taxes Payable	22.2	15.06	15.73	11.81	2.83	12.31
Other Current Liabilities	307.65	23.6	15.47	21.59	12.35	13.15
Total Current Liabilities	458.99	540.23	463.31	515.58	412.77	358.3
Long-Term Debt	37.8	38.48	41.18	43.88	46.58	69.08
Long-Term Leases	0.4	1.05	3.29	0.22	0.82	0.95
Other Long-Term Liabilities	0.02	0.02	-	-	-	-
Total Liabilities	497.21	579.77	507.78	559.68	460.17	428.32
Common Stock	225	225	225	225	225	200
Additional Paid-In Capital	178.63	178.63	178.63	178.63	178.63	60.89
Retained Earnings	289.27	255.87	218.64	178.3	157.32	170.56
Shareholders' Equity	697.78	659.5	622.27	581.92	560.94	431.45
Total Liabilities & Equity	1,195	1,239	1,130	1,142	1,021	859.77
Total Debt	131.25	75.44	49.76	128.27	92.65	98.05
Net Cash (Debt)	167.83	325.81	344.8	260.92	212.9	149.62
Net Cash Growth	1.11%	-5.51%	32.15%	22.56%	42.29%	-14.46%
Net Cash Per Share	7.24	14.47	15.31	11.59	9.80	7.48
Filing Date Shares Outstanding	33.4	22.5	22.5	22.5	22.5	20
Total Common Shares Outstanding	33.4	22.5	22.5	22.5	22.5	20
Working Capital	562.78	526.72	488.87	469.89	440.51	294.51
Book Value Per Share	20.75	29.31	27.66	25.86	24.93	21.57
Tangible Book Value	692.9	659.5	622.27	581.92	560.94	431.45
Tangible Book Value Per Share	20.75	29.31	27.66	25.86	24.93	21.57
Land	-	48.53	45.08	45.08	45.08	45.08
Buildings	-	51.48	50.66	50.66	50.66	50.66
Machinery	-	80.73	80.36	68.52	56.12	50.78