Argo Yachts Development 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	161.44	335.03	401.94	1,103	1,025
Short-Term Investments	-	19.5	24.5	-	-
Trading Asset Securities	-	-	0.09	0.11	-
Cash & Short-Term Investments	161.44	354.53	426.54	1,103	1,025
Cash Growth	-54.46%	-16.88%	-61.32%	7.59%	285.86%
Accounts Receivable	15.36	30.78	12.41	7.66	8.56
Other Receivables	15.32	20.59	3.32	17.75	2.79
Receivables	30.68	51.37	15.73	25.41	11.36
Inventory	101.23	44.97	35.52	1.3	0.37
Prepaid Expenses	132.63	174.15	123.49	70.79	10.22
Other Current Assets	22.21	14.42	19.05	36.65	26.53
Total Current Assets	448.18	639.44	620.32	1,237	1,074
Property, Plant & Equipment	5,276	5,026	3,414	2,881	2,422
Long-Term Investments	134.56	36.13	26.66	19.21	8
Goodwill	2.24	2.24	2.24	2.24	2.24
Other Intangible Assets	33.62	34.86	32.64	7.71	8.47
Long-Term Accounts Receivable	124.09	63.66	-	-	-
Long-Term Deferred Tax Assets	20.73	0.09	0.03	-	-
Other Long-Term Assets	986.09	644.57	890.18	598.86	229.35
Total Assets	7,025	6,447	4,986	4,746	3,743
Accounts Payable	211.97	14.83	28.82	3.42	3.26
Accrued Expenses	-	-	-	-	22.57
Short-Term Debt	124	40	11	12.67	-
Current Portion of Long-Term Debt	61.72	98.11	91.17	48.82	9.6
Current Portion of Leases	71.38	56.07	34.26	29.7	25.03
Current Income Taxes Payable	2.08	1.07	14.75	13.78	10.88
Current Unearned Revenue	87.29	187.44	406.8	111.09	110.36
Other Current Liabilities	167.3	105.98	59.07	87.4	21.95
Total Current Liabilities	725.75	503.49	645.86	306.89	203.63
Long-Term Debt	67.85	129.55	210.13	67.08	13.2
Long-Term Leases	2,704	2,259	1,411	1,411	1,440
Long-Term Unearned Revenue	154.99	137.47	90.23	363.13	220.4
Long-Term Deferred Tax Liabilities	1.87	0.25	0.08	-	-
Other Long-Term Liabilities	7.39	7.37	4.06	3.88	4.17
Total Liabilities	3,662	3,037	2,361	2,152	1,882
Common Stock	1,398	1,396	1,088	1,033	826.08
Additional Paid-In Capital	1,830	1,827	1,307	1,352	906.19
Retained Earnings	120.02	158.01	183.96	169.46	112.71
Comprehensive Income & Other	2.74	2.96	2.45	1.77	2.79
Total Common Equity	3,350	3,385	2,582	2,556	1,848
Minority Interest	12.67	25.44	42.57	37.21	13.84
Shareholders' Equity	3,363	3,410	2,624	2,594	1,862
Total Liabilities & Equity	7,025	6,447	4,986	4,746	3,743
Total Debt	3,029	2,583	1,758	1,570	1,488
Net Cash (Debt)	-2,868	-2,228	-1,331	-466.81	-462.89
Net Cash Per Share	-20.38	-16.50	-12.00	-4.80	-7.16
Filing Date Shares Outstanding	141.71	139.63	108.83	108.45	87.03
Total Common Shares Outstanding	141.71	139.63	108.83	108.45	87.03
Working Capital	-277.57	135.95	-25.54	930.14	869.88
Book Value Per Share	23.64	24.24	23.72	23.57	21.23
Tangible Book Value	3,314	3,348	2,547	2,546	1,837
Tangible Book Value Per Share	23.39	23.98	23.40	23.48	21.11
Land	-	70.22	69.96	1.44	-
Buildings	-	846.88	243.78	92.57	89.07
Machinery	-	534.94	423.1	379.95	479.94
Construction In Progress	-	949.65	957.98	632.97	361.14
Leasehold Improvements	-	72.54	78.84	78.69	67.92

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