Universal 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	7,920	7,954	7,802	7,056	6,079
Revenue Growth (YoY)	-0.42%	1.94%	10.58%	16.07%	12.03%
Cost of Revenue	6,081	6,356	6,260	5,689	4,947
Gross Profit	1,839	1,598	1,542	1,366	1,132
Selling, General & Admin	496.39	470.95	503.15	418.94	346.14
Research & Development	122.22	71.82	72.62	92.36	78.68
Operating Expenses	620.91	540.6	567.73	525.21	421.62
Operating Income	1,218	1,057	974.41	841.09	710.2
Interest Expense	-54.61	-42.93	-55.67	-41.67	-29.29
Interest & Investment Income	294.95	242.7	241.85	229.59	161.61
Earnings From Equity Investments	522.92	475.86	840.84	823.44	372.9
Currency Exchange Gain (Loss)	-0.76	1.5	0.94	3.46	-0.54
Other Non Operating Income (Expenses)	53.85	48.4	40.95	33.12	26.61
EBT Excluding Unusual Items	2,035	1,783	2,043	1,889	1,241
Gain (Loss) on Sale of Investments	-3.14	2.7	42.76	361.3	-4.2
Gain (Loss) on Sale of Assets	13.82	9.95	612.62	407.17	2.97
Asset Writedown	-	-	-116.11	-274.16	-
Legal Settlements	-	11.46	-	-	-
Pretax Income	2,045	1,807	2,583	2,383	1,240
Income Tax Expense	243.35	276.76	235.34	199.84	126.04
Earnings From Continuing Operations	1,802	1,530	2,347	2,183	1,114
Minority Interest in Earnings	-45.62	-48.05	-239.49	-142.1	-26.15
Net Income	1,756	1,482	2,108	2,041	1,088
Net Income to Common	1,756	1,482	2,108	2,041	1,088
Net Income Growth	18.50%	-29.68%	3.25%	87.61%	-12.76%
Shares Outstanding (Basic)	687	687	687	687	687
Shares Outstanding (Diluted)	690	689	688	688	688
Shares Change (YoY)	0.14%	0.06%	0.00%	0.08%	-0.02%
EPS (Basic)	2.56	2.16	3.07	2.97	1.58
EPS (Diluted)	2.55	2.15	3.06	2.96	1.58
EPS Growth	18.61%	-29.74%	3.35%	87.39%	-12.63%
Free Cash Flow	1,127	1,730	1,353	692.86	1,178
Free Cash Flow Per Share	1.63	2.51	1.97	1.01	1.71
Dividend Per Share	1.850	1.700	1.765	1.428	0.952
Dividend Growth	8.82%	-3.67%	23.60%	50.01%	-9.09%
Gross Margin	23.22%	20.09%	19.77%	19.36%	18.62%
Operating Margin	15.38%	13.30%	12.49%	11.92%	11.68%
Profit Margin	22.18%	18.64%	27.01%	28.93%	17.90%
Free Cash Flow Margin	14.22%	21.75%	17.34%	9.82%	19.38%
EBITDA	1,392	1,222	1,105	965.68	825.38
EBITDA Margin	17.57%	15.37%	14.16%	13.69%	13.58%
D&A For EBITDA	173.56	164.73	130.77	124.59	115.18
EBIT	1,218	1,057	974.41	841.09	710.2
EBIT Margin	15.38%	13.30%	12.49%	11.92%	11.68%
Effective Tax Rate	11.90%	15.32%	9.11%	8.38%	10.16%

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