I-Hwa Industrial Co.,Ltd 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	828.99	1,042	1,685	617.25	2,363
Revenue Growth (YoY)	-20.46%	-38.14%	172.97%	-73.88%	229.85%
Cost of Revenue	506.12	688.9	1,122	442.85	1,711
Gross Profit	322.87	353.38	562.68	174.4	651.97
Selling, General & Admin	123.31	140.56	183.05	107.36	212.53
Other Operating Expenses	-448.99	-	-	-	-
Operating Expenses	-325.67	140.6	183.02	107.27	211.4
Operating Income	648.54	212.78	379.66	67.14	440.57
Interest Expense	-289.76	-284	-320.31	-176.56	-115.06
Interest & Investment Income	2.54	2.65	2.71	0.69	0.23
Earnings From Equity Investments	-2.01	-26.2	-17.31	-8.02	-2.75
Currency Exchange Gain (Loss)	-	-	-	-0.01	-0.01
Other Non Operating Income (Expenses)	1.79	-43.41	-39.6	-27.18	-9.75
EBT Excluding Unusual Items	361.1	-138.18	5.14	-143.94	313.24
Gain (Loss) on Sale of Investments	-	0.39	-0.93	0.64	-0.17
Gain (Loss) on Sale of Assets	-	0.51	1.91	3.95	-0.07
Asset Writedown	-	270.4	18	50.7	143.8
Other Unusual Items	-	-	-5.57	14.1	-
Pretax Income	361.1	133.12	18.55	-74.56	456.8
Income Tax Expense	41.73	29.53	13.46	0.9	2.37
Net Income	319.37	103.59	5.08	-75.46	454.43
Net Income to Common	319.37	103.59	5.08	-75.46	454.43
Net Income Growth	208.29%	1937.63%	-	-	567.65%
Shares Outstanding (Basic)	94	94	94	94	94
Shares Outstanding (Diluted)	94	94	94	94	94
Shares Change (YoY)	0.18%	0.04%	0.01%	-0.12%	0.09%
EPS (Basic)	3.41	1.11	0.05	-0.81	4.85
EPS (Diluted)	3.40	1.10	0.05	-0.81	4.84
EPS Growth	209.09%	2100.00%	-	-	566.44%
Free Cash Flow	-463.29	-423.13	-974.69	-3,682	172.09
Free Cash Flow Per Share	-4.93	-4.51	-10.40	-39.29	1.83
Dividend Per Share	-	-	0.200	-	-
Gross Margin	38.95%	33.90%	33.40%	28.26%	27.59%
Operating Margin	78.23%	20.41%	22.53%	10.88%	18.64%
Profit Margin	38.52%	9.94%	0.30%	-12.23%	19.23%
Free Cash Flow Margin	-55.89%	-40.60%	-57.85%	-596.49%	7.28%
EBITDA	661.01	227.78	394.84	82.6	454.46
EBITDA Margin	79.74%	21.85%	23.43%	13.38%	19.23%
D&A For EBITDA	12.48	15	15.18	15.47	13.88
EBIT	648.54	212.78	379.66	67.14	440.57
EBIT Margin	78.23%	20.41%	22.53%	10.88%	18.64%
Effective Tax Rate	11.56%	22.18%	72.59%	-	0.52%

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