Tex-Ray Industrial 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	5,150	5,037	4,555	6,129	6,638
Revenue Growth (YoY)	2.23%	10.58%	-25.68%	-7.66%	-22.80%
Cost of Revenue	4,161	3,976	3,786	4,828	5,312
Gross Profit	988.62	1,061	769.7	1,301	1,326
Selling, General & Admin	899.43	873.98	890.73	1,122	1,152
Research & Development	100.95	129.77	85.07	77.9	56.69
Operating Expenses	990.81	995.51	951.29	1,270	1,232
Operating Income	-2.19	65.9	-181.6	30.62	94.03
Interest Expense	-129.97	-125.87	-118.87	-99.98	-94.92
Interest & Investment Income	105.28	104.28	82.78	32.44	20.95
Currency Exchange Gain (Loss)	-17.94	99.1	47.75	83.74	-23.31
Other Non Operating Income (Expenses)	16.81	25.55	52.64	32.32	49.77
EBT Excluding Unusual Items	-28.01	168.96	-117.3	79.14	46.52
Impairment of Goodwill	-	-	-4.27	-	-
Gain (Loss) on Sale of Investments	-	-	3.53	-	0.11
Gain (Loss) on Sale of Assets	-1.68	-0.02	0.17	0.42	-0.95
Asset Writedown	-17.96	5.19	51.02	-34.25	27.99
Pretax Income	-47.65	174.14	-66.85	45.3	73.66
Income Tax Expense	72.14	95.01	98.4	86.98	116.42
Earnings From Continuing Operations	-119.79	79.13	-165.25	-41.67	-42.76
Minority Interest in Earnings	14.49	29.21	-0.51	3.29	11.87
Net Income	-105.3	108.34	-165.76	-38.38	-30.88
Net Income to Common	-105.3	108.34	-165.76	-38.38	-30.88
Shares Outstanding (Basic)	232	234	234	234	234
Shares Outstanding (Diluted)	232	234	234	234	234
Shares Change (YoY)	-0.85%	-	-	-	-0.07%
EPS (Basic)	-0.45	0.46	-0.71	-0.16	-0.13
EPS (Diluted)	-0.45	0.46	-0.71	-0.16	-0.13
Free Cash Flow	266.56	36.84	105	586.12	-529.03
Free Cash Flow Per Share	1.15	0.16	0.45	2.51	-2.26
Gross Margin	19.20%	21.07%	16.90%	21.22%	19.98%
Operating Margin	-0.04%	1.31%	-3.99%	0.50%	1.42%
Profit Margin	-2.04%	2.15%	-3.64%	-0.63%	-0.46%
Free Cash Flow Margin	5.18%	0.73%	2.31%	9.56%	-7.97%
EBITDA	165.26	228.87	-21.01	185.8	259.73
EBITDA Margin	3.21%	4.54%	-0.46%	3.03%	3.91%
D&A For EBITDA	167.45	162.97	160.58	155.18	165.7
EBIT	-2.19	65.9	-181.6	30.62	94.03
EBIT Margin	-0.04%	1.31%	-3.99%	0.50%	1.42%
Effective Tax Rate	-	54.56%	-	191.99%	158.04%

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