Tung Ho Steel Enterprise Income Statement

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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	57,855	60,163	60,962	59,217	58,795
Revenue Growth (YoY)	-3.84%	-1.31%	2.95%	0.72%	37.16%
Cost of Revenue	49,278	51,772	52,316	51,767	49,321
Gross Profit	8,577	8,391	8,646	7,450	9,474
Selling, General & Admin	2,693	2,677	2,657	2,327	2,407
Other Operating Expenses	36.91	-	-	-	-
Operating Expenses	2,730	2,686	2,647	2,329	2,414
Operating Income	5,847	5,705	5,999	5,121	7,060
Interest Expense	-238.08	-343.75	-434.7	-298.02	-149.5
Interest & Investment Income	30.98	73.65	75.33	62.65	46.52
Earnings From Equity Investments	168.97	96.77	129.43	112.49	199.93
Currency Exchange Gain (Loss)	-	-47.59	-0.64	-22.97	67.83
Other Non Operating Income (Expenses)	108.62	115.69	115.71	276.88	124.93
EBT Excluding Unusual Items	5,917	5,600	5,884	5,252	7,349
Gain (Loss) on Sale of Investments	-	127.47	136.85	-	-
Gain (Loss) on Sale of Assets	-	-2.4	-18.67	-3	2.38
Asset Writedown	-	-	-	-12.33	-2.99
Other Unusual Items	-	-	-	-	2
Pretax Income	5,917	5,725	6,002	5,237	7,351
Income Tax Expense	1,159	1,199	1,293	1,293	1,429
Earnings From Continuing Operations	4,758	4,526	4,709	3,944	5,922
Earnings From Discontinued Operations	-	-	50.7	67.15	-
Net Income to Company	4,758	4,526	4,760	4,011	5,922
Minority Interest in Earnings	-37.05	-45.88	-30.47	-16.77	-15.3
Net Income	4,721	4,480	4,729	3,994	5,906
Net Income to Common	4,721	4,480	4,729	3,994	5,906
Net Income Growth	5.38%	-5.28%	18.41%	-32.38%	65.81%
Shares Outstanding (Basic)	730	730	730	730	730
Shares Outstanding (Diluted)	733	732	733	733	730
Shares Change (YoY)	0.08%	-0.02%	-0.08%	0.41%	-0.10%
EPS (Basic)	6.47	6.13	6.48	5.47	8.09
EPS (Diluted)	6.44	6.12	6.46	5.45	8.09
EPS Growth	5.23%	-5.25%	18.48%	-32.60%	65.88%
Free Cash Flow	7,443	6,327	3,939	3,739	-1,643
Free Cash Flow Per Share	10.15	8.64	5.38	5.10	-2.25
Dividend Per Share	-	4.000	4.200	3.500	6.400
Dividend Growth	-	-4.76%	20.00%	-45.31%	185.87%
Gross Margin	14.82%	13.95%	14.18%	12.58%	16.11%
Operating Margin	10.11%	9.48%	9.84%	8.65%	12.01%
Profit Margin	8.16%	7.45%	7.76%	6.74%	10.04%
Free Cash Flow Margin	12.86%	10.52%	6.46%	6.31%	-2.79%
EBITDA	7,483	7,250	7,548	6,673	8,632
EBITDA Margin	12.93%	12.05%	12.38%	11.27%	14.68%
D&A For EBITDA	1,636	1,545	1,549	1,552	1,572
EBIT	5,847	5,705	5,999	5,121	7,060
EBIT Margin	10.11%	9.48%	9.84%	8.65%	12.01%
Effective Tax Rate	19.59%	20.95%	21.54%	24.70%	19.44%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.