Kaulin Mfg. 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	1,491	1,638	1,421	2,102	2,947
Revenue Growth (YoY)	-8.94%	15.29%	-32.41%	-28.68%	83.05%
Cost of Revenue	1,191	1,340	1,217	1,696	2,416
Gross Profit	300.8	297.61	203.25	405.71	530.98
Selling, General & Admin	295.13	259.6	246.21	272.24	289.24
Research & Development	57.48	48.37	39.75	45.47	43.79
Operating Expenses	342.84	314.46	308.56	311.13	315.1
Operating Income	-42.03	-16.85	-105.32	94.58	215.88
Interest Expense	-2.75	-2.29	-4.06	-8.09	-2.08
Interest & Investment Income	40.44	32.94	29.99	16.94	23.3
Currency Exchange Gain (Loss)	-	64.33	8.98	127.57	-22.66
Other Non Operating Income (Expenses)	-10.08	28.41	27.22	27.92	26.05
EBT Excluding Unusual Items	-14.42	106.54	-43.19	258.91	240.49
Gain (Loss) on Sale of Assets	-	0.63	1.31	0.49	2.49
Pretax Income	-14.42	107.16	-41.87	259.4	242.98
Income Tax Expense	6.88	22.61	7.54	73	71.52
Earnings From Continuing Operations	-21.3	84.55	-49.41	186.4	171.46
Earnings From Discontinued Operations	-	1.13	63.43	0.06	-
Net Income	-21.3	85.68	14.03	186.46	171.46
Net Income to Common	-21.3	85.68	14.03	186.46	171.46
Net Income Growth	-	510.90%	-92.48%	8.75%	-
Shares Outstanding (Basic)	177	182	182	182	183
Shares Outstanding (Diluted)	177	182	182	183	183
Shares Change (YoY)	-2.72%	0.02%	-0.24%	-0.09%	-0.64%
EPS (Basic)	-0.12	0.47	0.08	1.02	0.94
EPS (Diluted)	-0.12	0.47	0.08	1.02	0.94
EPS Growth	-	505.33%	-92.45%	8.61%	-
Free Cash Flow	352.51	452.77	276.57	139.27	-258.89
Free Cash Flow Per Share	1.99	2.48	1.52	0.76	-1.42
Dividend Per Share	-	0.400	0.200	0.800	0.700
Dividend Growth	-	100.00%	-75.00%	14.29%	250.00%
Gross Margin	20.17%	18.17%	14.31%	19.30%	18.02%
Operating Margin	-2.82%	-1.03%	-7.41%	4.50%	7.32%
Profit Margin	-1.43%	5.23%	0.99%	8.87%	5.82%
Free Cash Flow Margin	23.64%	27.64%	19.47%	6.63%	-8.79%
EBITDA	40.58	49.82	-39.23	160.37	280.44
EBITDA Margin	2.72%	3.04%	-2.76%	7.63%	9.52%
D&A For EBITDA	82.61	66.67	66.09	65.79	64.56
EBIT	-42.03	-16.85	-105.32	94.58	215.88
EBIT Margin	-2.82%	-1.03%	-7.41%	4.50%	7.32%
Effective Tax Rate	-	21.10%	-	28.14%	29.44%

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