Chang-Ho Fibre 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	827.41	1,078	1,053	1,412	1,140
Revenue Growth (YoY)	-23.26%	2.41%	-25.46%	23.93%	18.51%
Cost of Revenue	721.4	902.36	976.06	1,394	1,010
Gross Profit	106.01	175.89	76.83	18.18	129.66
Selling, General & Admin	107.36	106.69	124.18	122.58	128.97
Research & Development	4.61	3.95	3.57	3.01	5.47
Operating Expenses	108.29	134.29	135.52	122.18	131.72
Operating Income	-2.28	41.6	-58.69	-104	-2.06
Interest Expense	-12.83	-22.87	-29.94	-22.67	-23.37
Interest & Investment Income	18.74	10.15	9.51	2.91	2.46
Earnings From Equity Investments	0.14	0.03	0.28	-0.79	3.62
Currency Exchange Gain (Loss)	3.84	9.53	5.72	9.62	-13.68
Other Non Operating Income (Expenses)	45.95	45.17	119.28	88.11	36.12
EBT Excluding Unusual Items	53.56	83.62	46.16	-26.81	3.1
Gain (Loss) on Sale of Investments	-8.5	91.08	24.32	64.56	-
Gain (Loss) on Sale of Assets	0.89	29.71	-0.25	-1.85	19.97
Pretax Income	45.96	204.4	70.22	35.9	23.07
Income Tax Expense	18.25	35.49	14.24	0.08	9.05
Earnings From Continuing Operations	27.7	168.9	55.98	35.82	14.02
Minority Interest in Earnings	6.03	-17.59	-28.75	1.21	-4.37
Net Income	33.73	151.32	27.24	37.03	9.65
Net Income to Common	33.73	151.32	27.24	37.03	9.65
Net Income Growth	-77.71%	455.59%	-26.45%	283.85%	-76.77%
Shares Outstanding (Basic)	160	160	160	160	160
Shares Outstanding (Diluted)	160	160	160	160	160
EPS (Basic)	0.21	0.94	0.17	0.23	0.06
EPS (Diluted)	0.21	0.94	0.17	0.23	0.06
EPS Growth	-77.66%	453.63%	-26.18%	283.33%	-76.82%
Free Cash Flow	144.73	71.5	-80.53	262.58	-505.25
Free Cash Flow Per Share	0.90	0.45	-0.50	1.64	-3.15
Gross Margin	12.81%	16.31%	7.30%	1.29%	11.38%
Operating Margin	-0.27%	3.86%	-5.57%	-7.36%	-0.18%
Profit Margin	4.08%	14.03%	2.59%	2.62%	0.85%
Free Cash Flow Margin	17.49%	6.63%	-7.65%	18.59%	-44.33%
EBITDA	31.93	78.04	-24.33	-74.72	25.31
EBITDA Margin	3.86%	7.24%	-2.31%	-5.29%	2.22%
D&A For EBITDA	34.21	36.44	34.36	29.27	27.37
EBIT	-2.28	41.6	-58.69	-104	-2.06
EBIT Margin	-0.27%	3.86%	-5.57%	-7.36%	-0.18%
Effective Tax Rate	39.72%	17.36%	20.28%	0.23%	39.22%

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