Test Rite Retail 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	766.72	410.8	336.52	307.32
Short-Term Investments	302.17	-	-	-
Trading Asset Securities	42.41	41.85	41.29	40.84
Cash & Short-Term Investments	1,111	452.65	377.81	348.16
Cash Growth	145.51%	19.81%	8.52%	-
Accounts Receivable	111.75	151.97	104.3	76.17
Other Receivables	64.46	154.53	28.46	31.02
Receivables	176.21	369.15	1,301	830.3
Inventory	2,051	1,954	1,931	2,272
Prepaid Expenses	25.2	12.99	14	21.47
Other Current Assets	4.47	4.93	18.7	21.64
Total Current Assets	3,369	2,794	3,643	3,493
Property, Plant & Equipment	6,246	5,766	7,102	7,988
Long-Term Investments	5	5	8.38	8.38
Other Intangible Assets	78.51	34.64	41.35	53.5
Long-Term Accounts Receivable	299.91	356.99	-	-
Long-Term Deferred Tax Assets	70.36	111.38	115.11	110.35
Other Long-Term Assets	403.14	458.28	394.92	325.81
Total Assets	10,472	9,527	11,304	11,979
Accounts Payable	1,723	1,701	1,596	1,860
Accrued Expenses	-	40.36	-	-
Short-Term Debt	-	-	-	61.5
Current Portion of Long-Term Debt	-	400	100	90
Current Portion of Leases	722.95	875.97	795.22	1,077
Current Income Taxes Payable	7.97	7.44	8.59	11.6
Current Unearned Revenue	258.37	233.63	234.14	404.96
Other Current Liabilities	502.66	584.93	1,169	878.32
Total Current Liabilities	3,215	3,843	3,903	4,384
Long-Term Debt	-	230	1,610	1,760
Long-Term Leases	4,085	3,398	4,220	4,551
Long-Term Deferred Tax Liabilities	28.38	27.2	24.94	21.69
Other Long-Term Liabilities	142.39	136.11	72.02	70.22
Total Liabilities	7,470	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	1,185	1,066	960.55	1,045
Comprehensive Income & Other	-	-	0.52	0.54
Total Common Equity	3,002	1,892	2,089	2,173
Minority Interest	-	-	-614.74	-981.41
Shareholders' Equity	3,002	1,892	1,474	1,192
Total Liabilities & Equity	10,472	9,527	11,304	11,979
Total Debt	4,808	4,904	6,725	7,540
Net Cash (Debt)	-3,696	-4,452	-6,348	-7,192
Net Cash Per Share	-41.66	-48.08	-63.48	-71.88
Filing Date Shares Outstanding	95.81	70	100	100
Total Common Shares Outstanding	95.81	70	100	100
Working Capital	153.64	-1,049	-260.23	-891.12
Book Value Per Share	31.33	27.03	20.89	21.73
Tangible Book Value	2,923	1,858	2,048	2,120
Tangible Book Value Per Share	30.51	26.54	20.48	21.20
Land	-	250.11	250.11	250.11
Buildings	-	1,848	1,848	1,848
Machinery	-	420.76	425.21	457.02
Leasehold Improvements	-	4,777	4,769	4,735

Source: S&P Capital IQ. Standard template. Financial Sources.