Formosa Taffeta 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
Period Ending	Sep '25 Sep 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
Revenue	28,272	28,716	28,502	34,723	32,799	28,783
Revenue Growth (YoY)	-0.31%	0.75%	-17.92%	5.87%	13.95%	-21.46%
Cost of Revenue	25,115	25,644	25,971	30,954	28,625	25,771
Gross Profit	3,157	3,072	2,530	3,769	4,174	3,013
Selling, General & Admin	2,355	2,411	2,270	2,499	2,623	2,436
Operating Expenses	2,355	2,411	2,250	2,499	2,623	2,436
Operating Income	801.61	660.58	280.64	1,270	1,550	576.35
Interest Expense	-282.37	-335.4	-348.88	-221.69	-154.41	-150.81
Interest & Investment Income	413.72	871.65	618.04	1,565	290.23	1,170
Earnings From Equity Investments	-190.86	118.87	-131.02	632.19	610.76	509.37
Currency Exchange Gain (Loss)	-212.45	126.66	9.41	361.93	-80.06	-
Other Non Operating Income (Expenses)	234.51	115.14	117.55	102.57	176	157.64
EBT Excluding Unusual Items	764.15	1,558	545.73	3,710	2,393	2,263
Gain (Loss) on Sale of Investments	-	-	-	6.2	-	-
Gain (Loss) on Sale of Assets	19.96	18.75	5.23	-9.56	-5.34	-
Asset Writedown	-	77.32	-	-	-	-
Pretax Income	784.11	1,654	550.96	3,706	2,387	2,263
Income Tax Expense	193.8	163.38	106.4	301.23	244.19	166.77
Earnings From Continuing Operations	590.31	1,490	444.55	3,405	2,143	2,096
Earnings From Discontinued Operations	-	-	-	-	-	-0.48
Net Income to Company	590.31	1,490	444.55	3,405	2,143	2,095
Minority Interest in Earnings	-	-	-	-	-	0.24
Net Income	590.31	1,490	444.55	3,405	2,143	2,096
Net Income to Common	590.31	1,490	444.55	3,405	2,143	2,096
Net Income Growth	-52.05%	235.21%	-86.94%	58.88%	2.27%	-59.61%
Shares Outstanding (Basic)	1,682	1,682	1,682	1,682	1,682	1,682
Shares Outstanding (Diluted)	1,682	1,682	1,682	1,682	1,682	1,682
Shares Change (YoY)	-	-	-	-	-	0.00%
EPS (Basic)	0.35	0.89	0.26	2.02	1.27	1.25
EPS (Diluted)	0.35	0.89	0.26	2.02	1.27	1.25
EPS Growth	-52.05%	235.21%	-86.94%	58.88%	2.27%	-59.61%
Free Cash Flow	2,316	2,716	3,405	2,772	1,963	3,236
Free Cash Flow Per Share	1.38	1.61	2.02	1.65	1.17	1.92
Dividend Per Share	0.800	0.800	0.500	1.500	1.000	1.000
Dividend Growth	60.00%	60.00%	-66.67%	50.00%	-	-60.00%
Gross Margin	11.16%	10.70%	8.88%	10.85%	12.72%	10.47%
Operating Margin	2.83%	2.30%	0.98%	3.66%	4.73%	2.00%
Profit Margin	2.09%	5.19%	1.56%	9.81%	6.53%	7.28%
Free Cash Flow Margin	8.19%	9.46%	11.95%	7.98%	5.99%	11.24%
EBITDA	1,976	1,882	1,496	2,493	2,748	1,770
EBITDA Margin	6.99%	6.55%	5.25%	7.18%	8.38%	6.15%
D&A For EBITDA	1,174	1,221	1,215	1,223	1,198	1,193
EBIT	801.61	660.58	280.64	1,270	1,550	576.35
EBIT Margin	2.83%	2.30%	0.98%	3.66%	4.73%	2.00%
Effective Tax Rate	24.72%	9.88%	19.31%	8.13%	10.23%	7.37%

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