Feng Hsin Steel 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	29,036	34,379	34,882	38,605	38,360
Revenue Growth (YoY)	-15.54%	-1.44%	-9.64%	0.64%	40.52%
Cost of Revenue	25,687	30,725	31,326	34,424	32,711
Gross Profit	3,349	3,654	3,556	4,181	5,649
Selling, General & Admin	800.31	836.42	802.2	830.86	881.36
Research & Development	46.07	45.34	43.17	46.52	46.56
Operating Expenses	846.38	881.76	845.37	876.19	927.92
Operating Income	2,502	2,773	2,710	3,304	4,721
Interest Expense	-22.34	-44.03	-40.81	-20.33	-7.92
Interest & Investment Income	82.02	125.31	116.33	208.31	124.31
Earnings From Equity Investments	106.77	144.22	104.9	233.39	127.85
Currency Exchange Gain (Loss)	-4.43	26.89	18.51	32.78	30.32
Other Non Operating Income (Expenses)	74.62	-27.35	10.72	26.86	24.22
EBT Excluding Unusual Items	2,739	2,998	2,920	3,785	5,020
Gain (Loss) on Sale of Investments	-	-	-	-	3.75
Gain (Loss) on Sale of Assets	7.07	1.08	-18.09	-4.81	4.99
Pretax Income	2,746	2,999	2,902	3,781	5,029
Income Tax Expense	492.8	523.85	526.43	707.22	993.96
Earnings From Continuing Operations	2,253	2,475	2,375	3,073	4,035
Minority Interest in Earnings	1.34	-	-	-	-
Net Income	2,254	2,475	2,375	3,073	4,035
Net Income to Common	2,254	2,475	2,375	3,073	4,035
Net Income Growth	-8.91%	4.19%	-22.71%	-23.82%	54.02%
Shares Outstanding (Basic)	582	582	582	582	582
Shares Outstanding (Diluted)	586	585	585	586	586
Shares Change (YoY)	0.07%	0.07%	-0.23%	0.10%	0.08%
EPS (Basic)	3.88	4.26	4.08	5.28	6.94
EPS (Diluted)	3.85	4.23	4.06	5.24	6.89
EPS Growth	-8.98%	4.19%	-22.52%	-23.95%	53.80%
Free Cash Flow	4,117	2,481	430.2	2,812	444.5
Free Cash Flow Per Share	7.03	4.24	0.74	4.80	0.76
Dividend Per Share	3.300	3.500	3.500	4.000	5.000
Dividend Growth	-5.71%	-	-12.50%	-20.00%	42.86%
Gross Margin	11.53%	10.63%	10.19%	10.83%	14.73%
Operating Margin	8.62%	8.06%	7.77%	8.56%	12.31%
Profit Margin	7.76%	7.20%	6.81%	7.96%	10.52%
Free Cash Flow Margin	14.18%	7.22%	1.23%	7.29%	1.16%
EBITDA	3,615	3,915	3,824	4,541	5,936
EBITDA Margin	12.45%	11.39%	10.96%	11.76%	15.47%
D&A For EBITDA	1,112	1,142	1,114	1,236	1,215
EBIT	2,502	2,773	2,710	3,304	4,721
EBIT Margin	8.62%	8.06%	7.77%	8.56%	12.31%
Effective Tax Rate	17.95%	17.47%	18.14%	18.71%	19.77%

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