Asia Cement 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	71,039	76,297	80,183	90,341	90,333
Revenue Growth (YoY)	-6.89%	-4.85%	-11.24%	0.01%	15.45%
Cost of Revenue	59,800	65,190	69,746	78,585	69,152
Gross Profit	11,239	11,107	10,437	11,755	21,181
Selling, General & Admin	2,824	2,974	2,999	3,071	2,549
Amortization of Goodwill & Intangibles	17.08	14.22	12.22	8.87	70.51
Operating Expenses	2,833	3,143	2,977	3,184	3,495
Operating Income	8,406	7,964	7,460	8,571	17,686
Interest Expense	-1,510	-1,667	-1,772	-1,295	-894.33
Interest & Investment Income	1,683	2,196	2,246	1,358	1,146
Earnings From Equity Investments	2,243	4,374	2,493	4,311	6,319
Currency Exchange Gain (Loss)	-296.93	566.09	-29.29	604.3	-161.96
Other Non Operating Income (Expenses)	739.15	72.7	-382.28	77.91	-1,726
EBT Excluding Unusual Items	11,264	13,506	10,015	13,627	22,368
Gain (Loss) on Sale of Investments	798.99	1,854	2,552	1,243	-488.19
Gain (Loss) on Sale of Assets	-76.06	-84.66	-	-	-
Asset Writedown	526.37	729.99	521.79	327.08	54.32
Other Unusual Items	-	-	847.56	-	-
Pretax Income	12,513	16,005	13,936	15,197	21,934
Income Tax Expense	2,298	3,352	2,852	2,600	4,406
Earnings From Continuing Operations	10,215	12,653	11,084	12,597	17,528
Minority Interest in Earnings	-185.29	236.45	-201.28	-580.74	-2,460
Net Income	10,030	12,890	10,883	12,016	15,068
Net Income to Common	10,030	12,890	10,883	12,016	15,068
Net Income Growth	-22.19%	18.44%	-9.43%	-20.25%	2.43%
Shares Outstanding (Basic)	3,346	3,340	3,316	3,313	3,204
Shares Outstanding (Diluted)	3,351	3,345	3,320	3,318	3,315
Shares Change (YoY)	0.18%	0.74%	0.06%	0.09%	0.04%
EPS (Basic)	3.00	3.86	3.28	3.63	4.70
EPS (Diluted)	2.99	3.85	3.28	3.62	4.57
EPS Growth	-22.34%	17.38%	-9.43%	-20.82%	3.65%
Free Cash Flow	12,801	20,804	3,187	12,642	5,347
Free Cash Flow Per Share	3.82	6.22	0.96	3.81	1.61
Dividend Per Share	2.300	2.200	2.100	2.300	3.400
Dividend Growth	4.54%	4.76%	-8.68%	-32.37%	-4.23%
Gross Margin	15.82%	14.56%	13.02%	13.01%	23.45%
Operating Margin	11.83%	10.44%	9.30%	9.49%	19.58%
Profit Margin	14.12%	16.89%	13.57%	13.30%	16.68%
Free Cash Flow Margin	18.02%	27.27%	3.98%	13.99%	5.92%
EBITDA	12,173	12,136	11,791	12,916	22,201
EBITDA Margin	17.14%	15.91%	14.70%	14.30%	24.58%
D&A For EBITDA	3,767	4,172	4,331	4,345	4,515
EBIT	8,406	7,964	7,460	8,571	17,686
EBIT Margin	11.83%	10.44%	9.30%	9.49%	19.58%
Effective Tax Rate	18.37%	20.94%	20.47%	17.11%	20.09%

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