Ten Ren Tea 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	2,161	2,196	2,110	1,836	1,773
Revenue Growth (YoY)	-1.62%	4.08%	14.96%	3.53%	-6.99%
Cost of Revenue	869.48	907.17	888.05	807.69	782.24
Gross Profit	1,291	1,289	1,222	1,028	990.76
Selling, General & Admin	1,214	1,201	1,116	1,004	967.34
Research & Development	6.63	6.15	5.88	5.61	5.64
Operating Expenses	1,221	1,207	1,120	1,008	975.93
Operating Income	70.72	82.52	101.92	19.72	14.84
Interest Expense	-6.81	-6.87	-6.94	-6.83	-6.05
Interest & Investment Income	1.34	14.85	16.19	18.34	16.62
Earnings From Equity Investments	0.17	0.39	-0.39	0.07	0.74
Currency Exchange Gain (Loss)	-	6.19	-1.88	19.86	-6.53
Other Non Operating Income (Expenses)	19.9	9.78	9.7	6.37	7.03
EBT Excluding Unusual Items	85.32	106.87	118.61	57.53	26.64
Gain (Loss) on Sale of Assets	-	-0.09	0.31	-0.03	26.23
Other Unusual Items	-	0.83	0.04	-	0.07
Pretax Income	85.32	107.61	118.95	57.5	52.94
Income Tax Expense	17.59	20.03	23.09	5.91	9.51
Earnings From Continuing Operations	67.73	87.57	95.87	51.59	43.43
Minority Interest in Earnings	0.19	0.65	-0.19	-0.36	-0.3
Net Income	67.92	88.22	95.68	51.23	43.13
Net Income to Common	67.92	88.22	95.68	51.23	43.13
Net Income Growth	-23.01%	-7.79%	86.76%	18.78%	-24.41%
Shares Outstanding (Basic)	91	91	91	91	91
Shares Outstanding (Diluted)	91	91	91	91	91
Shares Change (YoY)	-0.13%	0.02%	0.06%	0.02%	-0.02%
EPS (Basic)	0.75	0.97	1.06	0.57	0.48
EPS (Diluted)	0.75	0.97	1.06	0.57	0.48
EPS Growth	-22.68%	-8.20%	86.76%	18.78%	-24.40%
Free Cash Flow	170.16	192.89	224.9	142.6	82.54
Free Cash Flow Per Share	1.88	2.13	2.48	1.57	0.91
Dividend Per Share	-	0.950	0.900	0.850	0.800
Dividend Growth	-	5.56%	5.88%	6.25%	-
Gross Margin	59.76%	58.70%	57.92%	56.00%	55.88%
Operating Margin	3.27%	3.76%	4.83%	1.07%	0.84%
Profit Margin	3.14%	4.02%	4.53%	2.79%	2.43%
Free Cash Flow Margin	7.88%	8.78%	10.66%	7.77%	4.66%
EBITDA	243.38	136.2	157.77	71.98	69.69
EBITDA Margin	11.26%	6.20%	7.48%	3.92%	3.93%
D&A For EBITDA	172.66	53.68	55.85	52.26	54.85
EBIT	70.72	82.52	101.92	19.72	14.84
EBIT Margin	3.27%	3.76%	4.83%	1.07%	0.84%
Effective Tax Rate	20.61%	18.62%	19.41%	10.27%	17.96%

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