QNAP Systems 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	2,946	1,367	1,289	996.65
Short-Term Investments	62.33	15.01	35.9	4.85
Trading Asset Securities	117	398.62	1.88	114.09
Cash & Short-Term Investments	3,126	1,781	1,326	1,116
Cash Growth	75.52%	34.27%	18.89%	-
Accounts Receivable	767.25	777.58	947.85	848.83
Other Receivables	-	-	0.66	0.2
Receivables	767.25	777.58	948.51	849.04
Inventory	1,366	1,026	900.2	891.66
Other Current Assets	365.49	194.16	163.14	142.52
Total Current Assets	5,624	3,778	3,338	2,999
Property, Plant & Equipment	2,709	2,548	3,000	2,837
Long-Term Investments	1,042	1,230	2,153	1,849
Other Intangible Assets	11.6	22.14	16.9	23.01
Long-Term Deferred Tax Assets	173.39	212.16	146.12	283.06
Other Long-Term Assets	305.28	364.52	2,411	2,345
Total Assets	9,864	8,156	11,064	10,336
Accounts Payable	592.69	598.51	461.35	334.58
Short-Term Debt	201	-	-	-
Current Portion of Leases	22.99	17.6	12.06	16.4
Current Income Taxes Payable	174.25	255.74	309.57	485.79
Current Unearned Revenue	93.8	106.77	161.5	157.34
Other Current Liabilities	747.88	1,095	1,077	777.71
Total Current Liabilities	1,833	2,074	2,022	1,772
Long-Term Leases	36.26	41.22	33.93	46
Long-Term Deferred Tax Liabilities	100.91	92.51	93.6	85.86
Other Long-Term Liabilities	5.05	15.37	14.01	12.26
Total Liabilities	1,975	2,223	2,163	1,916
Common Stock	331.25	300.05	1,391	1,391
Additional Paid-In Capital	2,373	399.19	2.86	-
Retained Earnings	5,161	5,008	7,046	6,886
Treasury Stock	-	-	-29.01	-21.39
Comprehensive Income & Other	24.23	225.38	490.29	164.67
Total Common Equity	7,890	5,933	8,901	8,420
Minority Interest	-	-	-	-0.7
Shareholders' Equity	7,890	5,933	8,901	8,420
Total Liabilities & Equity	9,864	8,156	11,064	10,336
Total Debt	260.25	58.82	45.99	62.4
Net Cash (Debt)	2,865	1,722	1,280	1,053
Net Cash Growth	66.40%	34.50%	21.57%	-
Net Cash Per Share	93.75	57.39	43.87	36.78
Filing Date Shares Outstanding	33.13	30.01	27.75	27.77
Total Common Shares Outstanding	33.13	30.01	27.75	27.77
Working Capital	3,792	1,704	1,317	1,227
Book Value Per Share	238.18	197.72	320.75	303.20
Tangible Book Value	7,878	5,911	8,884	8,397
Tangible Book Value Per Share	237.83	196.99	320.14	302.38
Land	1,173	1,113	1,231	1,094
Buildings	1,645	1,442	1,871	1,786
Machinery	749.96	757.63	738.13	668.96
Construction In Progress	26.18	73.32	1.31	4.51
Leasehold Improvements	94.08	94.78	94.78	92.2

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