Taro Shareholder Value Creation and Strategic Overview

20 20 Balance Sheet Highlights Strong Balance Sheet - Cash ($1.3 billion), No Debt (In thousands) ASSETS CURRENT ASSETS: TARO Sept 30, 2023 March 31, 2023 March 31, 2022 March 31, 2021 Cash and cash equivalents 269,011 154,495 S 251,134 605,177 TRANSPARENCY Accounts receivable and other: ACCOUNTABILITY RESPONSIBILITY OPENNESS Trade, net TOTAL CURRENT ASSETS Goodwill Other assets Short-term and current maturities of long-term bank deposits Marketable securities 119,980 119,980 47,586 518,058 575,814 522,028 418,480 181,064 202,260 246,973 213,539 Other receivables and prepaid expenses Inventories 46,254 57,210 59,726 53,347 208,188 226,669 210,439 180,292 1,342,555 1,336,428 1,337,886 1,470,835 Marketable securities Property, plant and equipment, net Deferred income taxes 388,370 404,896 435,189 557,209 189,893 190,139 199,692 205,508 100,807 103,672 124,882 142,007 17,231 17.231 11,820 7,191 80,617 83,147 66,892 24,123 TOTAL ASSETS $ 2,119,473 $ 2,135,513 $ 2,176,361 $ 2,406,873 Dedicated to maintaining the highest standards of quality, safety, and excellence. LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES: Trade payables Other current liabilities TOTAL CURRENT LIABILITIES Deferred taxes and other long-term liabilities TOTAL LIABILITIES S 43,059 S 68,485 S 68,232 S 61,166 318,429 317,064 363,887 615,135 361,488 385,549 432,119 676,301 10,429 19,106 32,799 371,917 404,655 464,918 35.115 711,416 Taro shareholders' equity 1,747,556 1,730,858 1,711,443 1,703,649 Non-controlling interest (8.192) TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 2,119,473 $ 2,135,513 $ 2,176,361 $ 2,406,873

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