China Glaze 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	2,498	2,415	2,357	2,592	2,199
Revenue Growth (YoY)	3.41%	2.46%	-9.06%	17.88%	18.18%
Cost of Revenue	2,001	1,932	1,984	2,063	1,756
Gross Profit	496.89	482.93	372.79	528.89	442.73
Selling, General & Admin	428.27	434.92	416.88	473.03	448.29
Research & Development	81.38	60.24	55.1	63.93	44.32
Other Operating Expenses	-35.32	-34.25	-31.54	-26.4	-26.9
Operating Expenses	471.86	457.43	445.99	539.71	456.5
Operating Income	25.03	25.49	-73.19	-10.82	-13.77
Interest Expense	-15.09	-19.6	-24.71	-11.17	-8.13
Interest & Investment Income	16.43	23.67	21.72	10.94	10.21
Earnings From Equity Investments	-10.23	-3.22	-	-	-
Currency Exchange Gain (Loss)	-	15.4	8.38	24.13	-6.89
Other Non Operating Income (Expenses)	24.13	9.35	5.32	-1.92	20.59
EBT Excluding Unusual Items	40.27	51.09	-62.48	11.16	2.01
Gain (Loss) on Sale of Investments	-	1.21	1.08	-	-
Gain (Loss) on Sale of Assets	-	-0.09	0.24	26.61	0.97
Other Unusual Items	-	-	0.03	-	32.94
Pretax Income	40.27	52.2	-61.13	37.77	35.92
Income Tax Expense	16.27	13.28	-5.45	5.81	6.59
Earnings From Continuing Operations	24	38.92	-55.68	31.96	29.33
Minority Interest in Earnings	8.11	15.9	39.03	30.83	12.77
Net Income	32.11	54.82	-16.65	62.79	42.1
Net Income to Common	32.11	54.82	-16.65	62.79	42.1
Net Income Growth	-41.43%	-	-	49.14%	-
Shares Outstanding (Basic)	169	167	167	167	167
Shares Outstanding (Diluted)	169	167	167	167	167
Shares Change (YoY)	1.06%	0.11%	-0.20%	0.11%	0.10%
EPS (Basic)	0.19	0.33	-0.10	0.38	0.25
EPS (Diluted)	0.19	0.33	-0.10	0.38	0.25
EPS Growth	-42.10%	-	-	50.35%	-
Free Cash Flow	-11.2	73.36	6.72	-285.66	-195.74
Free Cash Flow Per Share	-0.07	0.44	0.04	-1.71	-1.17
Dividend Per Share	-	0.250	0.200	0.250	0.250
Dividend Growth	-	25.00%	-20.00%	-	25.00%
Gross Margin	19.89%	20.00%	15.82%	20.40%	20.14%
Operating Margin	1.00%	1.06%	-3.10%	-0.42%	-0.63%
Profit Margin	1.29%	2.27%	-0.71%	2.42%	1.92%
Free Cash Flow Margin	-0.45%	3.04%	0.29%	-11.02%	-8.90%
EBITDA	105.56	80.36	-15.42	54.88	61.97
EBITDA Margin	4.23%	3.33%	-0.65%	2.12%	2.82%
D&A For EBITDA	80.53	54.87	57.77	65.7	75.74
EBIT	25.03	25.49	-73.19	-10.82	-13.77
EBIT Margin	1.00%	1.06%	-3.10%	-0.42%	-0.63%
Effective Tax Rate	40.40%	25.44%	-	15.38%	18.35%

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