Test Rite Retail Balance Sheet

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,011	410.8	336.52	307.32
Trading Asset Securities	42.13	41.85	41.29	40.84
Cash & Short-Term Investments	1,053	452.65	377.81	348.16
Cash Growth	202.49%	19.81%	8.52%	-
Accounts Receivable	147.11	151.97	104.3	76.17
Other Receivables	131.32	154.53	28.46	31.02
Receivables	278.44	369.15	1,301	830.3
Inventory	1,955	1,954	1,931	2,272
Prepaid Expenses	29.67	12.99	14	21.47
Other Current Assets	4.77	4.93	18.7	21.64
Total Current Assets	3,321	2,794	3,643	3,493
Property, Plant & Equipment	5,669	5,766	7,102	7,988
Long-Term Investments	5	5	8.38	8.38
Other Intangible Assets	82.74	34.64	41.35	53.5
Long-Term Accounts Receivable	332.76	356.99	-	-
Long-Term Deferred Tax Assets	72.52	111.38	115.11	110.35
Other Long-Term Assets	453.18	458.28	394.92	325.81
Total Assets	9,937	9,527	11,304	11,979
Accounts Payable	1,646	1,701	1,596	1,860
Accrued Expenses	24.72	40.36	-	-
Short-Term Debt	-	-	-	61.5
Current Portion of Long-Term Debt	200	400	100	90
Current Portion of Leases	812.89	875.97	795.22	1,077
Current Income Taxes Payable	5.95	7.44	8.59	11.6
Current Unearned Revenue	227.51	233.63	234.14	404.96
Other Current Liabilities	530.91	584.93	1,169	878.32
Total Current Liabilities	3,448	3,843	3,903	4,384
Long-Term Debt	-	230	1,610	1,760
Long-Term Leases	3,357	3,398	4,220	4,551
Long-Term Deferred Tax Liabilities	27.46	27.2	24.94	21.69
Other Long-Term Liabilities	139.96	136.11	72.02	70.22
Total Liabilities	6,973	7,634	9,830	10,788
Common Stock	960	700	1,000	1,000
Additional Paid-In Capital	856.11	126.28	127.82	127.82
Retained Earnings	1,148	1,066	960.55	1,045
Comprehensive Income & Other	-	-	0.52	0.54
Total Common Equity	2,964	1,892	2,089	2,173
Minority Interest	-	-	-614.74	-981.41
Shareholders' Equity	2,964	1,892	1,474	1,192
Total Liabilities & Equity	9,937	9,527	11,304	11,979
Total Debt	4,370	4,904	6,725	7,540
Net Cash (Debt)	-3,317	-4,452	-6,348	-7,192
Net Cash Per Share	-39.92	-48.08	-63.48	-71.88
Filing Date Shares Outstanding	96	70	100	100
Total Common Shares Outstanding	96	70	100	100
Working Capital	-126.96	-1,049	-260.23	-891.12
Book Value Per Share	30.87	27.03	20.89	21.73
Tangible Book Value	2,881	1,858	2,048	2,120
Tangible Book Value Per Share	30.01	26.54	20.48	21.20
Land	250.11	250.11	250.11	250.11
Buildings	1,848	1,848	1,848	1,848
Machinery	517.13	420.76	425.21	457.02
Leasehold Improvements	4,770	4,777	4,769	4,735

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