Sun Race Sturmey-Archer 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	771.04	720.68	995.16	2,197	1,888
Revenue Growth (YoY)	6.99%	-27.58%	-54.71%	16.40%	51.41%
Cost of Revenue	603.12	569.11	708.03	1,439	1,345
Gross Profit	167.92	151.58	287.13	757.83	542.14
Selling, General & Admin	201.32	200.66	237.3	270.9	176.6
Research & Development	18.15	19.18	19.14	24.88	25.73
Operating Expenses	219.47	219.84	256.45	297.86	202.33
Operating Income	-51.54	-68.27	30.68	459.97	339.81
Interest Expense	-19.67	-21.4	-19.28	-9.83	-3.36
Interest & Investment Income	3.82	4.18	5.78	1.75	0.37
Currency Exchange Gain (Loss)	24.47	14.87	22.92	40.34	-12.55
Other Non Operating Income (Expenses)	40.35	1.69	21.97	1.26	1.45
EBT Excluding Unusual Items	-2.58	-68.93	62.07	493.49	325.72
Gain (Loss) on Sale of Investments	-	-	-	-	2.45
Gain (Loss) on Sale of Assets	0.1	0.01	0.13	0.65	0.39
Pretax Income	-2.48	-68.92	62.19	494.14	328.56
Income Tax Expense	4.15	-14.21	16.69	107.53	65.62
Net Income	-6.63	-54.7	45.5	386.6	262.95
Net Income to Common	-6.63	-54.7	45.5	386.6	262.95
Net Income Growth	-	-	-88.23%	47.03%	47.46%
Shares Outstanding (Basic)	60	60	60	60	60
Shares Outstanding (Diluted)	60	60	60	60	60
Shares Change (YoY)	-	-0.07%	-0.20%	0.08%	0.08%
EPS (Basic)	-0.11	-0.91	0.76	6.44	4.38
EPS (Diluted)	-0.11	-0.91	0.76	6.43	4.37
EPS Growth	-	-	-88.21%	47.14%	47.14%
Free Cash Flow	190.17	72.16	-322.93	188.75	-168.76
Free Cash Flow Per Share	3.17	1.20	-5.38	3.14	-2.81
Dividend Per Share	-	0.600	0.600	3.400	2.600
Dividend Growth	-	-	-82.35%	30.77%	44.44%
Gross Margin	21.78%	21.03%	28.85%	34.49%	28.72%
Operating Margin	-6.69%	-9.47%	3.08%	20.94%	18.00%
Profit Margin	-0.86%	-7.59%	4.57%	17.60%	13.93%
Free Cash Flow Margin	24.66%	10.01%	-32.45%	8.59%	-8.94%
EBITDA	16.13	7.09	104.33	530.23	395.03
EBITDA Margin	2.09%	0.98%	10.48%	24.13%	20.93%
D&A For EBITDA	67.67	75.35	73.65	70.25	55.21
EBIT	-51.54	-68.27	30.68	459.97	339.81
EBIT Margin	-6.69%	-9.47%	3.08%	20.94%	18.00%
Effective Tax Rate	-	-	26.84%	21.76%	19.97%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.