Andes Technology Income Statement

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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,479	1,382	1,058	931.82	819.78	581.01
Revenue Growth (YoY)	11.49%	30.60%	13.52%	13.67%	41.09%	17.41%
Cost of Revenue	1.02	0.65	0.82	0.73	1.47	1.18
Gross Profit	1,478	1,381	1,057	931.09	818.31	579.83
Selling, General & Admin	595.32	570.91	529.9	442	315.81	268.16
Research & Development	1,188	1,083	766.25	559.68	343.84	237.08
Operating Expenses	1,798	1,657	1,325	1,000	659.64	542.21
Operating Income	-320.39	-276.08	-268.49	-69.17	158.66	37.62
Interest Expense	-7.35	-3.04	-2.22	-1.73	-1.78	-2.04
Interest & Investment Income	48.11	105.95	153.72	62.78	4.23	3.27
Currency Exchange Gain (Loss)	-33.4	163.38	10.46	390.03	0.64	-12.02
Other Non Operating Income (Expenses)	5.95	21.32	7.46	1.85	-0.71	11.86
EBT Excluding Unusual Items	-307.08	11.54	-99.09	383.75	161.04	38.69
Other Unusual Items	-	-	-	-	16.1	-
Pretax Income	-307.38	11.54	-99.09	383.75	177.14	38.69
Income Tax Expense	-50.8	9.65	2.63	27.81	15.47	3.55
Net Income	-256.59	1.89	-101.72	355.94	161.67	35.14
Net Income to Common	-256.59	1.89	-101.72	355.94	161.67	35.14
Net Income Growth	-	-	-	120.17%	360.03%	119.32%
Shares Outstanding (Basic)	51	51	51	51	45	43
Shares Outstanding (Diluted)	51	51	51	51	45	43
Shares Change (YoY)	-	-	-0.39%	12.78%	5.69%	0.00%
EPS (Basic)	-5.07	0.04	-2.01	7.03	3.59	0.82
EPS (Diluted)	-5.07	0.04	-2.01	7.00	3.59	0.82
EPS Growth	-	-	-	95.12%	337.51%	118.27%
Free Cash Flow	131.32	367.72	-119.78	658.23	302.22	106.89
Free Cash Flow Per Share	2.59	7.26	-2.37	12.94	6.70	2.51
Dividend Per Share	-	-	-	1.500	2.849	0.742
Dividend Growth	-	-	-	-47.35%	284.18%	118.02%
Gross Margin	99.93%	99.95%	99.92%	99.92%	99.82%	99.80%
Operating Margin	-21.67%	-19.98%	-25.38%	-7.42%	19.36%	6.48%
Profit Margin	-17.35%	0.14%	-9.62%	38.20%	19.72%	6.05%
Free Cash Flow Margin	8.88%	26.62%	-11.32%	70.64%	36.86%	18.40%
EBITDA	92.24	107.13	-28.57	106.84	287.81	120.71
EBITDA Margin	6.24%	7.75%	-2.70%	11.46%	35.11%	20.78%
D&A For EBITDA	412.63	383.21	239.92	176.01	129.15	83.09
EBIT	-320.39	-276.08	-268.49	-69.17	158.66	37.62
EBIT Margin	-21.67%	-19.98%	-25.38%	-7.42%	19.36%	6.48%
Effective Tax Rate	-	83.60%	-	7.25%	8.73%	9.17%

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