Taiwan Fertilizer 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	12,088	11,873	15,015	15,052	13,659
Revenue Growth (YoY)	1.81%	-20.92%	-0.25%	10.20%	34.31%
Cost of Revenue	10,505	10,089	10,897	13,760	11,520
Gross Profit	1,583	1,784	4,118	1,292	2,139
Selling, General & Admin	1,185	1,195	1,316	1,737	1,570
Research & Development	35.41	39.3	44.54	42.57	58.7
Operating Expenses	1,221	1,235	1,361	1,781	1,632
Operating Income	362.09	549.71	2,758	-488.52	507.32
Interest Expense	-4.87	-2.01	-2.78	-4.15	-4.23
Interest & Investment Income	135.18	160	168.35	137.02	72.74
Earnings From Equity Investments	1,202	981.29	1,736	3,492	3,059
Currency Exchange Gain (Loss)	1.69	22.87	75.04	113.86	-31
Other Non Operating Income (Expenses)	-507.11	-3.97	-69.16	-17.8	9.73
EBT Excluding Unusual Items	1,189	1,708	4,665	3,232	3,614
Impairment of Goodwill	-	-75.02	-	-	-
Gain (Loss) on Sale of Investments	8.31	5.08	-7.48	1.32	2.37
Gain (Loss) on Sale of Assets	-0.93	-0.14	0.52	63.13	205.54
Asset Writedown	-35.9	-	-305.22	-	-29.91
Pretax Income	1,161	1,638	4,352	3,296	3,792
Income Tax Expense	228.31	-327.83	433.4	626.82	757.06
Net Income	932.24	1,966	3,919	2,670	3,035
Net Income to Common	932.24	1,966	3,919	2,670	3,035
Net Income Growth	-52.57%	-49.84%	46.80%	-12.03%	23.72%
Shares Outstanding (Basic)	980	980	980	980	980
Shares Outstanding (Diluted)	981	981	982	982	982
Shares Change (YoY)	-0.04%	-0.08%	0.01%	0.01%	-0.01%
EPS (Basic)	0.95	2.01	4.00	2.72	3.10
EPS (Diluted)	0.95	2.00	3.99	2.72	3.09
EPS Growth	-52.50%	-49.88%	46.69%	-11.97%	23.60%
Free Cash Flow	1,898	3,182	5,654	5,252	2,592
Free Cash Flow Per Share	1.94	3.24	5.76	5.35	2.64
Dividend Per Share	2.000	2.000	2.600	2.500	2.800
Dividend Growth	-	-23.08%	4.00%	-10.71%	21.74%
Gross Margin	13.10%	15.03%	27.43%	8.58%	15.66%
Operating Margin	3.00%	4.63%	18.37%	-3.25%	3.71%
Profit Margin	7.71%	16.55%	26.10%	17.74%	22.22%
Free Cash Flow Margin	15.70%	26.80%	37.66%	34.89%	18.98%
EBITDA	1,685	1,847	3,903	567.04	1,555
EBITDA Margin	13.94%	15.55%	25.99%	3.77%	11.39%
D&A For EBITDA	1,322	1,297	1,145	1,056	1,048
EBIT	362.09	549.71	2,758	-488.52	507.32
EBIT Margin	3.00%	4.63%	18.37%	-3.25%	3.71%
Effective Tax Rate	19.67%	-	9.96%	19.02%	19.97%

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