Hiwin Technologies 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	24,263	24,392	24,633	29,315	27,265
Revenue Growth (YoY)	-0.53%	-0.98%	-15.97%	7.52%	28.21%
Cost of Revenue	17,285	17,174	16,978	18,599	17,450
Gross Profit	6,978	7,218	7,655	10,715	9,815
Selling, General & Admin	4,310	4,196	4,061	4,014	3,642
Research & Development	1,025	963.36	943.46	1,129	1,059
Operating Expenses	5,335	5,159	5,004	5,143	4,701
Operating Income	1,643	2,059	2,651	5,572	5,115
Interest Expense	-215.27	-178.23	-194.84	-186.88	-169.16
Interest & Investment Income	86.77	95.38	62.42	53.91	13.41
Earnings From Equity Investments	22.13	35.42	48.72	79.73	41.62
Currency Exchange Gain (Loss)	-	187.25	16.42	301.09	-180.52
Other Non Operating Income (Expenses)	227.23	128.02	117.38	141.74	203.84
EBT Excluding Unusual Items	1,764	2,327	2,701	5,962	5,024
Gain (Loss) on Sale of Investments	-	-38.35	5.29	-20.65	-4.49
Gain (Loss) on Sale of Assets	-	-38.64	-166.28	-123.43	-44.47
Asset Writedown	-	-	-	-	-500
Pretax Income	1,764	2,250	2,540	5,818	4,475
Income Tax Expense	353.97	386.82	708.54	1,506	1,320
Earnings From Continuing Operations	1,410	1,863	1,832	4,312	3,155
Minority Interest in Earnings	115.74	109.13	203.24	167.65	377.54
Net Income	1,526	1,972	2,035	4,479	3,532
Net Income to Common	1,526	1,972	2,035	4,479	3,532
Net Income Growth	-22.62%	-3.09%	-54.57%	26.82%	83.04%
Shares Outstanding (Basic)	354	354	354	345	341
Shares Outstanding (Diluted)	355	354	355	347	342
Shares Change (YoY)	0.14%	-0.10%	2.08%	1.65%	3.79%
EPS (Basic)	4.31	5.57	5.75	12.98	10.36
EPS (Diluted)	4.30	5.56	5.74	12.89	10.33
EPS Growth	-22.66%	-3.14%	-55.47%	24.78%	76.28%
Free Cash Flow	1,511	-95.79	1,826	3,900	5,902
Free Cash Flow Per Share	4.26	-0.27	5.15	11.22	17.27
Dividend Per Share	-	2.400	2.500	5.500	4.500
Dividend Growth	-	-4.00%	-54.55%	22.22%	131.76%
Gross Margin	28.76%	29.59%	31.08%	36.55%	36.00%
Operating Margin	6.77%	8.44%	10.76%	19.01%	18.76%
Profit Margin	6.29%	8.09%	8.26%	15.28%	12.96%
Free Cash Flow Margin	6.23%	-0.39%	7.41%	13.30%	21.65%
EBITDA	4,001	4,212	4,793	7,591	7,185
EBITDA Margin	16.49%	17.27%	19.46%	25.89%	26.35%
D&A For EBITDA	2,358	2,154	2,142	2,018	2,071
EBIT	1,643	2,059	2,651	5,572	5,115
EBIT Margin	6.77%	8.44%	10.76%	19.01%	18.76%
Effective Tax Rate	20.06%	17.20%	27.89%	25.89%	29.50%

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