VSO Electronics 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	348.7	320.79	523.02	536.36	292.01
Short-Term Investments	378.44	338.21	85.89	15.35	13.34
Trading Asset Securities	5.13	5.06	23.85	22.09	97.54
Cash & Short-Term Investments	732.28	664.06	632.75	573.8	402.89
Cash Growth	10.27%	4.95%	10.27%	42.42%	26.84%
Accounts Receivable	936.33	812.03	550.49	654.95	540.52
Other Receivables	11.43	13.51	6.91	84.15	16.04
Receivables	947.75	825.55	557.4	739.1	556.56
Inventory	292.16	242.63	157.41	201.56	199.17
Prepaid Expenses	10.22	7.91	4.47	1.78	1.38
Other Current Assets	0.01	0.04	0.41	0.92	0.03
Total Current Assets	1,982	1,740	1,352	1,517	1,160
Property, Plant & Equipment	822.91	537.49	400.25	374.81	330.97
Long-Term Investments	50.02	48.5	46.48	48.34	-
Other Intangible Assets	25.96	23.3	20.11	13.49	1.99
Long-Term Deferred Tax Assets	11.76	9.05	9.59	7.82	2.37
Other Long-Term Assets	13.6	42.08	48.74	24.26	19.65
Total Assets	2,907	2,401	1,878	1,986	1,515
Accounts Payable	419.74	373.98	266.17	287.71	322.12
Accrued Expenses	230.3	215.14	192.78	220.74	194.1
Short-Term Debt	228.78	34.75	183.31	74.95	76.31
Current Portion of Long-Term Debt	-	-	-	7.22	10.03
Current Portion of Leases	10.98	7.62	8.54	9.58	10.52
Current Income Taxes Payable	34.77	14.15	38.96	76.2	31.32
Current Unearned Revenue	1.45	1.33	0.37	0.73	1.63
Other Current Liabilities	118.92	78.21	49.25	51.54	54.38
Total Current Liabilities	1,045	725.18	739.38	728.65	700.41
Long-Term Debt	124.29	9.85	-	35.48	45.6
Long-Term Leases	7.39	8.87	14.11	16.58	7.65
Pension & Post-Retirement Benefits	-	-	-	9.09	0.74
Long-Term Deferred Tax Liabilities	78.25	74.32	54.15	73.33	55.06
Other Long-Term Liabilities	0.96	0.11	-	-	-
Total Liabilities	1,256	818.33	807.65	863.13	809.46
Common Stock	438.49	417.17	375.3	339.97	280
Additional Paid-In Capital	569.55	565.51	227.84	225	159.66
Retained Earnings	626.47	541.21	431.69	504.08	219.44
Treasury Stock	-28.97	-	-	-	-
Comprehensive Income & Other	-51.71	-34.45	-52.48	-40.67	-50.83
Total Common Equity	1,554	1,489	982.36	1,028	608.27
Minority Interest	97	92.83	87.59	94.35	97.25
Shareholders' Equity	1,651	1,582	1,070	1,123	705.52
Total Liabilities & Equity	2,907	2,401	1,878	1,986	1,515
Total Debt	371.44	61.09	205.96	143.8	150.11
Net Cash (Debt)	360.84	602.97	426.79	429.99	252.78
Net Cash Growth	-40.16%	41.28%	-0.75%	70.11%	33.92%
Net Cash Per Share	8.24	14.67	10.70	10.99	7.06
Filing Date Shares Outstanding	43.58	43.81	39.42	39.28	35.58
Total Common Shares Outstanding	43.58	43.81	39.42	39.28	35.58
Working Capital	937.48	1,015	613.05	788.49	459.61
Book Value Per Share	35.65	34.00	24.92	26.18	17.09
Tangible Book Value	1,528	1,466	962.25	1,015	606.28
Tangible Book Value Per Share	35.06	33.46	24.41	25.84	17.04
Land	97.58	65.71	65.71	65.71	41.59
Buildings	184.67	171.39	165.47	181.66	181.38
Machinery	544.04	405.94	332.92	257.91	254.51
Construction In Progress	160.74	2.71	2.54	0.27	-
Leasehold Improvements	-	-	-	-	34.27

Source: S&P Global Market Intelligence. Standard template. Financial Sources.