Cathay Chemical Works 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	460.04	527.97	476.39	571.46	624.6
Revenue Growth (YoY)	-12.87%	10.83%	-16.64%	-8.51%	31.32%
Cost of Revenue	439.19	464.03	438.32	508.24	537.39
Gross Profit	20.85	63.94	38.07	63.22	87.21
Selling, General & Admin	100.18	162.6	74.77	70.81	60.82
Other Operating Expenses	-	0.45	-	-	-
Operating Expenses	100.09	162.97	75.04	70.55	60.94
Operating Income	-79.24	-99.03	-36.97	-7.34	26.27
Interest Expense	-0.14	-0.1	-0.12	-0.03	-
Interest & Investment Income	14.81	13.49	8.93	10.73	19.2
Earnings From Equity Investments	648.34	493.86	380.72	286.06	107.96
Currency Exchange Gain (Loss)	-	5.67	0.76	4.4	0.85
Other Non Operating Income (Expenses)	17.14	-0.51	-5.09	-9.64	-10.7
EBT Excluding Unusual Items	600.92	413.4	348.24	284.18	143.59
Gain (Loss) on Sale of Investments	-	28.62	-	-	16.62
Gain (Loss) on Sale of Assets	-	1,107	-	-	0.57
Other Unusual Items	-	-0.13	-0.03	0.41	-0.31
Pretax Income	600.92	1,549	348.21	284.59	160.46
Income Tax Expense	17.08	-7.22	-2.15	-1.32	2.97
Net Income	583.84	1,556	350.37	285.91	157.49
Net Income to Common	583.84	1,556	350.37	285.91	157.49
Net Income Growth	-62.48%	344.10%	22.55%	81.54%	72.24%
Shares Outstanding (Basic)	151	151	151	151	151
Shares Outstanding (Diluted)	152	153	151	152	151
Shares Change (YoY)	-0.72%	0.88%	-0.09%	0.17%	0.07%
EPS (Basic)	3.87	10.31	2.32	1.89	1.04
EPS (Diluted)	3.85	10.19	2.31	1.89	1.04
EPS Growth	-62.22%	341.13%	22.22%	81.73%	73.33%
Free Cash Flow	101.3	151.15	99.67	99.6	-82.45
Free Cash Flow Per Share	0.67	0.99	0.66	0.66	-0.55
Dividend Per Share	-	7.500	1.400	1.000	0.850
Dividend Growth	-	435.71%	40.00%	17.65%	28.79%
Gross Margin	4.53%	12.11%	7.99%	11.06%	13.96%
Operating Margin	-17.22%	-18.76%	-7.76%	-1.28%	4.21%
Profit Margin	126.91%	294.71%	73.55%	50.03%	25.21%
Free Cash Flow Margin	22.02%	28.63%	20.92%	17.43%	-13.20%
EBITDA	-62.78	-84.63	-22.64	6.71	40.21
EBITDA Margin	-13.64%	-16.03%	-4.75%	1.17%	6.44%
D&A For EBITDA	16.47	14.41	14.33	14.05	13.94
EBIT	-79.24	-99.03	-36.97	-7.34	26.27
EBIT Margin	-17.22%	-18.76%	-7.76%	-1.28%	4.21%
Effective Tax Rate	2.84%	-	-	-	1.85%

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