Alpha Networks Inc.TWSE: 3380

2025Q2 Consolidated BS, IS and CF (English Version)

· Issued by Alpha Networks Inc.
ALPHA NETWORKS INC. AND SUBSIDIARIES Consolidated Balance Sheet June 30, 2025, December 31 and June 30, 2024 (Expressed in thousands of New Taiwan dollars)

2025/6/30 2024/12/31 2024/6/30 2025/6/30 2024/12/31 2024/6/30

Assets

Amount % Amount % Amount %

Liabilities and Equity

Amount

%

Amount

%

Amount

%

Current assets :

Current liabilities :

Cash and cash equivalents

$ 5,167,861

23

$ 3,957,279

17

$ 5,424,298

23

Current borrowings

$ 2,815,363

13

$ 1,615,357

7

$ 1,993,422

8

Current financial assets at fair value

Current financial liabilities at fair value

through profit or loss

21,754

-

5,192

-

10,594

-

through profit or loss

362

-

23,758

-

11,861

-

Current financial assets at amortised

cost

12,391

-

73,355

-

3,258

-

Current contract liabilities

937,780

4

1,339,841

5

933,087

4

Accounts payable(including related

Notes and accounts receivable, net

3,585,822

16

3,969,144

17

3,552,850

15

parties)

3,483,633

15

3,460,727

15

3,562,957

15

Accounts receivable due from related

parties, net

-

-

1,568

-

-

-

Accrued expenses

422,926

2

549,804

2

503,626

2

Dividends payable, non-cash assets

Inventories

6,272,142

27

6,929,471

30

6,922,552

29

distributions

741,337

3

-

-

743,260

3

Other current assets

811,780 3 767,495 4 814,015 3

Current tax liabilities

88,290

-

187,745

1

337,767

1

15,871,750 69 15,703,504 68 16,727,567 70

Current provisions

216,418

1

231,771

1

275,735

1

Non-current assets :

Long-term borrowings, current portion

160,000

1

80,000

-

-

-

Non-current financial assets at fair

value through profit or loss

89,315

-

52,620

-

-

-

Other current liabilities, others

671,841

3

850,904

5

824,636

4

Non-current financial assets at fair

value through other comprehensive

income

96,119

1

110,711

-

178,781

1

9,537,950

42

8,339,907

36

9,186,351

38

Non-current financial assets at

amortised cost

189,548

1

214,057

1

180,765

1

Non-current liabilities :

Property, plant and equipment

3,693,174

16

4,565,191

20

4,210,633

17

Bonds payable

-

-

-

-

130,701

1

Non-current portion of non-current

Right-of-use assets

516,774

2

650,114

3

650,339

3

borrowings

420,000

2

375,000

2

575,000

3

Investment property, net

548,686

3

-

-

-

-

Non-current lease liabilities

290,809

1

287,479

1

287,591

1

Net defined benefit liability, non-

Intangible assets

1,589,748

7

1,672,821

7

1,118,875

5

current

53,366

-

55,398

-

84,932

-

Deferred tax assets

237,858

1

234,268

1

501,710

2

Other non-current liabilities

164,663

1

204,031

1

348,006

1

Other non-current assets, others

45,971 - 41,230 - 420,845 1

928,838

4

921,908

4

1,426,230

6

7,007,193 31 7,541,012 32 7,261,948 30

Total liabilities

10,466,788

46

9,261,815

40

10,612,581

44

Equity :

Ordinary share

5,417,185

24

5,417,185

23

5,417,185

22

Capital surplus

2,348,207

10

2,614,277

11

2,608,527

11

Retained earnings :

Legal reserve

1,346,461

7

1,321,375

6

1,321,375

6

Special reserve

87,993

-

267,982

1

267,982

1

Unappropriated retained earnings

56,045

-

382,082

1

461,081

2

1,490,499

7

1,971,439

8

2,050,438

9

Other equity interest

(580,092)

(3)

(87,993)

-

(38,962)

-

Total equity attributable to owners

of parent

8,675,799

38

9,914,908

42

10,037,188

42

Non-controlling interests

3,736,356

16

4,067,793

18

3,339,746

14

Total equity

12,412,155

54

13,982,701

60

13,376,934

56

Total assets

$22,878,943 100 $23,244,516 100 $23,989,515 100

Total liabilities and equity

$ 22,878,943

100

$ 23,244,516

100

$ 23,989,515

100

ALPHA NETWORKS INC. AND SUBSIDIARIES Consolidated Statements of Comprehensive Income For the three-month periods from April 1 to June 30, 2025 and 2024, and the six-month periods from January 1 to June 30, 2025 and 2024 (Expressed in thousands of New Taiwan dollars, except for earnings per share)

2025/4/1~2025/6/30

2024/4/1~2024/6/30

2025/1/1~2025/6/30

2024/1/1~2024/6/30

Amount

%

Amount

%

Amount

%

Amount

%

$ 5,694,008

100

5,684,460

100

10,218,166

100

10,864,660

100

4,825,669

85

4,759,784

84

8,519,423

83

8,932,099

82

868,339

15

924,676

16

1,698,743

17

1,932,561

18

257,666

5

271,682

5

525,145

5

532,673

5

239,668

4

290,473

5

473,149

5

533,165

5

472,544

8

461,461

8

910,761

9

859,936

8

27,342

-

(4,066)

-

27,286

-

4,608

-

997,220

17

1,019,550

18

1,936,341

19

1,930,382

18

(128,881)

(2)

(94,874)

(2)

(237,598)

(2)

2,179

-

11,125

-

11,551

-

36,073

-

45,322

-

(46,119)

(1)

457,941

8

(86,405)

(1)

450,010

4

(32,578)

-

(43,076)

(1)

(61,218)

-

(75,847)

-

21,704

-

35,915

1

42,890

-

48,793

-

(45,868)

(1)

462,331

8

(68,660)

(1)

468,278

4

(174,749)

(3)

367,457

6

(306,258)

(3)

470,457

4

(35,665)

(1)

75,762

1

(59,381)

(1)

99,003

1

(139,084)

(2)

291,695

5

(246,877)

(2)

371,454

3

Operating revenue Operating costs

Gross profit from operations Operating expenses :

Selling expenses Administrative expenses

Research and development expenses

Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9

Total operating expenses

Net operating income (loss)

Non-operating income and expenses :

Other income

Other gains and losses Finance costs

Interest income

Total non-operating income and expenses

Profit (loss) before tax Tax expenses

Profit (loss)

Other comprehensive income:

Components of other comprehensive income that will not be reclassified to profit or loss

Gains (losses) on remeasurements of defined benefit

plans 461 - - - 874 - 648 -

Unrealised gains (losses) from investments in equity instruments measured at fair value through other

comprehensive income (18,019) - (12,550) - (14,592) - (12,550) -

Income tax related to components of other comprehensive

income that will not be reclassified to profit or loss - - - - (83) - - -

Components of other comprehensive income that

will not be reclassified to profit or loss

(17,558)

-

(12,550)

-

(13,801)

-

(11,902)

-

Components of other comprehensive income that will

be reclassified to profit or loss

Exchange differences on translation

(674,837)

(12)

66,982

1

(583,168)

(6)

294,804

3

Toral Components of other comprehensive income

that will be reclassified to profit or loss

(674,837)

(12)

66,982

1

(583,168)

(6)

294,804

3

Other comprehensive income, net

(692,395)

(12)

54,432

1

(596,969)

(6)

282,902

3

Total comprehensive income

Profit (loss), attributable to:

$ (831,479)

(14)

346,127

6

(843,846)

(8)

654,356

6

Profit (loss), attributable to owners of parent

$ (104,709)

(1)

262,948

4

(210,747)

(2)

329,456

3

Profit (loss), attributable to non-controlling interests

(34,375)

(1)

28,747

1

(36,130)

-

41,998

-

Comprehensive income attributable to:

$ (139,084)

(2)

291,695

5

(246,877)

(2)

371,454

3

Comprehensive income, attributable to owners of

parent

$

(676,626)

(12)

307,786

5

(702,180)

(7)

558,880

5

Comprehensive income, attributable to non-controlling

interests

(154,853)

(2)

38,341

1

(141,666)

(1)

95,476

1

$ (831,479)

(14)

346,127

6

(843,846)

(8)

654,356

6

Earnings per share(in New Taiwan dollars)

Basic earnings per share

$

(0.19)

0.49

(0.39)

0.61

Diluted earnings per share

$ (0.19) 0.48 (0.39) 0.61 ALPHA NETWORKS INC. AND SUBSIDIARIES Consolidated Statements of Cash Flows For the six-month periods from January 1 to June 30, 2025 and 2024 (Expressed in thousands of New Taiwan dollars)

2025/1/1~2025/6/30

2024/1/1~2024/6/30

Cash flows from (used in) operating activities:

Profit before tax

$ (306,258)

470,457

Adjustments

Adjustments to reconcile profit (loss)

Depreciation expenses

265,442

254,306

Amortization expenses

122,348

106,104

Expected credit loss

27,286

4,608

Net (gain) loss on financial assets or liabilities at fair value through profit or loss

(4,054)

7,312

Interest expense

61,218

75,847

Interest income

(42,890)

(48,793)

Dividend income

(85)

-

Loss (gain) on disposal of property, plant and equipment

(3,825)

585

Provision for inventory obsolescence and devaluation loss

3,927

82,132

Gain on disposal of non-current assets classified as held for sale

-

(466,786)

Oth er adjustments to reconcile profit (loss)

4,612

-

Total adjustments to reconcile profit (loss)

433,979

15,315

Changes in operating assets and liabilities:

Notes and accounts receivable (including related parties)

177,815

1,374,707

Financial assets mandatorily at fair value through profit or loss

290

30,309

Inventories

354,983

583,095

Other current assets

(68,782)

(54,879)

Financial liabilities held for trading

(23,758)

(778)

Accounts payable (including related parties)

262,934

(749,448)

Other payable to related parties

529

3,100

Other current liabilities

(752,367)

(701,307)

Net defined benefit liability

(1,241)

(19,663)

Other non-current liabilities

(17,402)

2,068

Total changes in operating assets and liabilities

(66,999)

467,204

Total adjustments

366,980

482,519

Cash flows generated from (used in) operations

60,722

952,976

Interest received

43,191

48,478

Dividends received

85

-

Interest paid

(60,578)

(75,384)

Income taxes paid

(19,043)

(150,812)

Net cash flows used in operating activities

24,377

775,258

Cash flows from (used in) investing activities

Acquisition of financial assets at amortised cost

-

(3,258)

Proceeds from repayments of financial assets at amortised cost

60,963

41,000

Acquisition of financial asset at fair value through profit or loss

(49,131)

-

Proceeds from disposal of non-current assets classified as held for sale

-

536,388

Acquisition of property, plant and equipment

(58,805)

(61,312)

Proceeds from disposal of property, plant and equipment

13,357

16,297

Decrease (Increase) in refundable deposits

18,364

(28,167)

Acquisition of intangible assets

(39,831)

(38,800)

Acquisition of use-of-right assets

(43,370)

-

Increase in other non-current assets

(986)

(55,025)

Net cash flows from (used in) investing activities

(99,439)

407,123

Cash flows from (used in) financing activities:

Increase in short-term loans

4,254,568

5,159,841

Decrease in short-term loans

(2,827,860)

(4,102,234)

Proceeds from long-term borrowings

125,000

25,000

Repayments of long-term borrowings

-

(150,000)

Decrease in guarantee deposits received

(5)

(164)

Payments of lease liabilities

(18,901)

(22,516)

Due to donation assets received

11

10

Net cash flows from (used in) financing activities

1,532,813

909,937

Effect of exchange rate changes on cash and cash equivalents

(247,169)

131,305

Net decrease in cash and cash equivalents

1,210,582

2,223,623

Cash and cash equivalents at beginning of period

3,957,279

3,200,675

Cash and cash equivalents at end of period

$ 5,167,861

5,424,298