Cathay Consolidated 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	2,861	2,511	2,565	2,589	2,068
Revenue Growth (YoY)	13.91%	-2.08%	-0.94%	25.18%	35.07%
Cost of Revenue	2,089	1,754	1,731	1,838	1,583
Gross Profit	771.51	757.69	833.49	750.87	485.81
Selling, General & Admin	156.14	156.75	159.21	149.54	133.37
Research & Development	86.57	76.69	58.92	48.94	37.76
Other Operating Expenses	-	-	-	-	-0.36
Operating Expenses	242.71	233.44	218.13	198.47	169.8
Operating Income	528.79	524.25	615.36	552.4	316.01
Interest Expense	-7.18	-3.66	-2.76	-6.4	-2.4
Interest & Investment Income	5.67	8.06	7.7	1.73	0.84
Currency Exchange Gain (Loss)	-16.41	40	2.79	44.97	-5.2
Other Non Operating Income (Expenses)	34.47	30.11	33.49	21.86	18.04
EBT Excluding Unusual Items	545.35	598.76	656.58	614.55	327.29
Gain (Loss) on Sale of Investments	-	-0.05	-0.15	0.71	-
Gain (Loss) on Sale of Assets	0.03	0.01	-0.4	-0.54	0.21
Pretax Income	545.38	598.73	656.04	614.73	327.5
Income Tax Expense	102.59	109.15	126.25	115.21	61.28
Net Income	442.79	489.58	529.79	499.51	266.22
Net Income to Common	442.79	489.58	529.79	499.51	266.22
Net Income Growth	-9.56%	-7.59%	6.06%	87.63%	35.67%
Shares Outstanding (Basic)	79	78	78	75	75
Shares Outstanding (Diluted)	79	79	79	76	75
Shares Change (YoY)	-0.04%	0.40%	3.90%	1.37%	8.98%
EPS (Basic)	5.62	6.27	6.83	6.67	3.57
EPS (Diluted)	5.59	6.18	6.72	6.59	3.55
EPS Growth	-9.61%	-8.06%	1.98%	85.98%	24.21%
Free Cash Flow	332.57	257.08	284.61	347.36	-109.35
Free Cash Flow Per Share	4.20	3.24	3.60	4.57	-1.46
Dividend Per Share	6.000	4.800	4.545	4.909	2.727
Dividend Growth	25.00%	5.60%	-7.41%	80.00%	20.00%
Gross Margin	26.97%	30.17%	32.50%	29.00%	23.49%
Operating Margin	18.48%	20.88%	23.99%	21.34%	15.28%
Profit Margin	15.48%	19.49%	20.66%	19.29%	12.87%
Free Cash Flow Margin	11.63%	10.24%	11.10%	13.42%	-5.29%
EBITDA	627.08	600.94	687.55	620.85	378.57
EBITDA Margin	21.92%	23.93%	26.81%	23.98%	18.30%
D&A For EBITDA	98.28	76.69	72.18	68.45	62.56
EBIT	528.79	524.25	615.36	552.4	316.01
EBIT Margin	18.48%	20.88%	23.99%	21.34%	15.28%
Effective Tax Rate	18.81%	18.23%	19.24%	18.74%	18.71%

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