Asia Cement Corporation (TPE:1102)

Asia Cement Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	76,392	76,297	80,183	90,341	90,333	78,241
Revenue Growth (YoY)	-1.40%	-4.85%	-11.24%	0.01%	15.45%	-12.43%
Cost of Revenue	64,670	65,190	69,746	78,585	69,152	54,911
Gross Profit	11,722	11,107	10,437	11,755	21,181	23,329
Selling, General & Admin	2,957	2,974	2,999	3,071	2,549	2,623
Operating Expenses	3,186	3,143	2,977	3,184	3,495	3,659
Operating Income	8,536	7,964	7,460	8,571	17,686	19,670
Interest Expense	-1,604	-1,667	-1,772	-1,295	-894.33	-1,164
Interest & Investment Income	2,151	2,196	2,246	1,358	1,146	1,419
Earnings From Equity Investments	4,279	4,374	2,493	4,311	6,319	4,640
Currency Exchange Gain (Loss)	304.88	566.09	-29.29	604.3	-161.96	-162.37
Other Non Operating Income (Expenses)	-1,838	-11.96	-382.28	77.91	-1,726	-424.8
EBT Excluding Unusual Items	11,830	13,421	10,015	13,627	22,368	23,978
Gain (Loss) on Sale of Investments	1,854	1,854	2,552	1,243	-488.19	-
Gain (Loss) on Sale of Assets	-43.06	-	-	-	-	-58.87
Asset Writedown	493.42	729.99	521.79	327.08	54.32	224.64
Other Unusual Items	-	-	847.56	-	-	-
Pretax Income	14,134	16,005	13,936	15,197	21,934	24,144
Income Tax Expense	2,910	3,352	2,852	2,600	4,406	5,370
Earnings From Continuing Operations	11,224	12,653	11,084	12,597	17,528	18,774
Minority Interest in Earnings	81.81	236.45	-201.28	-580.74	-2,460	-4,063
Net Income	11,306	12,890	10,883	12,016	15,068	14,710
Net Income to Common	11,306	12,890	10,883	12,016	15,068	14,710
Net Income Growth	1.46%	18.44%	-9.43%	-20.25%	2.43%	-15.75%
Shares Outstanding (Basic)	3,346	3,340	3,316	3,313	3,204	3,129
Shares Outstanding (Diluted)	3,350	3,345	3,320	3,318	3,315	3,314
Shares Change (YoY)	0.86%	0.74%	0.06%	0.09%	0.04%	0.04%
EPS (Basic)	3.38	3.86	3.28	3.63	4.70	4.70
EPS (Diluted)	3.37	3.85	3.28	3.62	4.57	4.41
EPS Growth	0.35%	17.38%	-9.43%	-20.82%	3.65%	-16.02%
Free Cash Flow	19,941	20,804	3,187	12,642	5,347	13,330
Free Cash Flow Per Share	5.95	6.22	0.96	3.81	1.61	4.02
Dividend Per Share	2.200	2.200	2.100	2.300	3.400	3.550
Dividend Growth	4.76%	4.76%	-8.68%	-32.37%	-4.23%	18.33%
Gross Margin	15.35%	14.56%	13.02%	13.01%	23.45%	29.82%
Operating Margin	11.17%	10.44%	9.30%	9.49%	19.58%	25.14%
Profit Margin	14.80%	16.89%	13.57%	13.30%	16.68%	18.80%
Free Cash Flow Margin	26.10%	27.27%	3.98%	13.99%	5.92%	17.04%
EBITDA	13,061	12,531	12,200	12,916	22,201	24,222
EBITDA Margin	17.10%	16.42%	15.21%	14.30%	24.58%	30.96%
D&A For EBITDA	4,525	4,568	4,740	4,345	4,515	4,552
EBIT	8,536	7,964	7,460	8,571	17,686	19,670
EBIT Margin	11.17%	10.44%	9.30%	9.49%	19.58%	25.14%
Effective Tax Rate	20.59%	20.94%	20.47%	17.11%	20.09%	22.24%

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.