Universal Cement 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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Revenue	7,851	7,954	7,802	7,056	6,079	5,426	Upgrade
Revenue Growth (YoY)	-2.46%	1.94%	10.58%	16.07%	12.03%	8.40%	Upgrade
Cost of Revenue	6,241	6,356	6,260	5,689	4,947	4,519	Upgrade
Gross Profit	1,609	1,598	1,542	1,366	1,132	907.03	Upgrade
Selling, General & Admin	453.19	470.95	503.15	418.94	346.14	343.71	Upgrade
Research & Development	78.73	71.82	72.62	92.36	78.68	69.2	Upgrade
Operating Expenses	531.79	540.6	567.73	525.21	421.62	413.89	Upgrade
Operating Income	1,078	1,057	974.41	841.09	710.2	493.14	Upgrade
Interest Expense	-45.09	-42.93	-55.67	-41.67	-29.29	-31.4	Upgrade
Interest & Investment Income	244.48	242.7	241.85	229.59	161.61	173.92	Upgrade
Earnings From Equity Investments	456.64	475.86	840.84	823.44	372.9	707.79	Upgrade
Currency Exchange Gain (Loss)	-1.53	1.5	0.94	3.46	-0.54	-1.07	Upgrade
Other Non Operating Income (Expenses)	46.56	48.4	40.95	33.12	26.61	48.83	Upgrade
EBT Excluding Unusual Items	1,779	1,783	2,043	1,889	1,241	1,391	Upgrade
Gain (Loss) on Sale of Investments	4.24	2.7	42.76	361.3	-4.2	-0.02	Upgrade
Gain (Loss) on Sale of Assets	12.22	9.95	612.62	407.17	2.97	9.34	Upgrade
Asset Writedown	-	-	-116.11	-274.16	-	-103.01	Upgrade
Legal Settlements	-	11.46	-	-	-	-	Upgrade
Pretax Income	1,795	1,807	2,583	2,383	1,240	1,298	Upgrade
Income Tax Expense	221.01	276.76	235.34	199.84	126.04	37.72	Upgrade
Earnings From Continuing Operations	1,574	1,530	2,347	2,183	1,114	1,260	Upgrade
Minority Interest in Earnings	-47.73	-48.05	-239.49	-142.1	-26.15	-12.54	Upgrade
Net Income	1,526	1,482	2,108	2,041	1,088	1,247	Upgrade
Net Income to Common	1,526	1,482	2,108	2,041	1,088	1,247	Upgrade
Net Income Growth	-25.46%	-29.68%	3.25%	87.61%	-12.76%	9.84%	Upgrade
Shares Outstanding (Basic)	687	687	687	687	687	687	Upgrade
Shares Outstanding (Diluted)	689	689	688	688	688	688	Upgrade
Shares Change (YoY)	0.12%	0.06%	0.00%	0.08%	-0.02%	-	Upgrade
EPS (Basic)	2.22	2.16	3.07	2.97	1.58	1.82	Upgrade
EPS (Diluted)	2.21	2.15	3.06	2.96	1.58	1.81	Upgrade
EPS Growth	-25.85%	-29.74%	3.35%	87.39%	-12.63%	9.83%	Upgrade
Free Cash Flow	1,569	1,730	1,353	692.86	1,178	845.35	Upgrade
Free Cash Flow Per Share	2.28	2.51	1.97	1.01	1.71	1.23	Upgrade
Dividend Per Share	1.700	1.700	1.765	1.428	0.952	1.047	Upgrade
Dividend Growth	-3.67%	-3.67%	23.60%	50.01%	-9.09%	10.00%	Upgrade
Gross Margin	20.50%	20.09%	19.77%	19.36%	18.62%	16.72%	Upgrade
Operating Margin	13.73%	13.30%	12.49%	11.92%	11.68%	9.09%	Upgrade
Profit Margin	19.44%	18.64%	27.01%	28.93%	17.90%	22.99%	Upgrade
Free Cash Flow Margin	19.99%	21.75%	17.34%	9.82%	19.38%	15.58%	Upgrade
EBITDA	1,252	1,222	1,105	965.68	825.38	578.48	Upgrade
EBITDA Margin	15.95%	15.37%	14.16%	13.69%	13.58%	10.66%	Upgrade
D&A For EBITDA	174.41	164.73	130.77	124.59	115.18	85.34	Upgrade
EBIT	1,078	1,057	974.41	841.09	710.2	493.14	Upgrade
EBIT Margin	13.73%	13.30%	12.49%	11.92%	11.68%	9.09%	Upgrade
Effective Tax Rate	12.31%	15.32%	9.11%	8.38%	10.16%	2.91%	Upgrade

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