TSRC Corporation (TPE:2103)

TSRC Corporation Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	37,700	37,209	31,427	33,841	32,533	24,024
Revenue Growth (YoY)	6.19%	18.40%	-7.13%	4.02%	35.42%	-16.90%
Cost of Revenue	34,018	33,093	28,118	28,328	25,733	21,087
Gross Profit	3,683	4,116	3,308	5,513	6,800	2,937
Selling, General & Admin	2,527	2,486	2,195	2,721	2,770	1,951
Research & Development	420.81	427.4	396.69	392.12	371.68	350.68
Other Operating Expenses	-163.47	-178.21	-228.6	-272.32	-271.55	-182.86
Operating Expenses	2,783	2,739	2,361	2,838	2,872	2,115
Operating Income	899.33	1,377	947.92	2,675	3,928	822.32
Interest Expense	-385.81	-399.63	-347.57	-175.47	-110.74	-123.57
Interest & Investment Income	315.65	424.34	354.38	186.71	96.33	46.92
Earnings From Equity Investments	583.6	643.74	420.93	310.7	802.04	301.51
Currency Exchange Gain (Loss)	46.13	41.13	55.26	78.85	10.05	-
Other Non Operating Income (Expenses)	-4.88	0.42	-0.64	15.32	7.05	-526.51
EBT Excluding Unusual Items	1,454	2,087	1,430	3,091	4,733	520.67
Gain (Loss) on Sale of Assets	-64.8	-59.84	-6.2	-22.35	900.16	-
Asset Writedown	-631.31	-244.28	-	-	-	-
Pretax Income	757.92	1,783	1,424	3,069	5,633	520.67
Income Tax Expense	489.86	734.21	457.16	946.49	1,169	305.41
Earnings From Continuing Operations	268.06	1,049	966.93	2,122	4,464	215.26
Minority Interest in Earnings	-165.21	-186.39	-286.91	-339.48	-533.37	-237.15
Net Income	102.85	862.27	680.02	1,783	3,931	-21.89
Net Income to Common	102.85	862.27	680.02	1,783	3,931	-21.89
Net Income Growth	-91.16%	26.80%	-61.86%	-54.65%	-	-
Shares Outstanding (Basic)	826	826	826	826	826	730
Shares Outstanding (Diluted)	828	829	829	831	830	730
Shares Change (YoY)	-0.05%	-0.03%	-0.25%	0.15%	13.78%	-11.91%
EPS (Basic)	0.12	1.04	0.82	2.16	4.76	-0.03
EPS (Diluted)	0.12	1.04	0.82	2.14	4.73	-0.03
EPS Growth	-91.10%	26.83%	-61.68%	-54.76%	-	-
Free Cash Flow	1,185	-2,304	1,084	1,501	1,841	926.04
Free Cash Flow Per Share	1.43	-2.78	1.31	1.81	2.22	1.27
Dividend Per Share	0.630	0.630	0.560	1.080	2.400	0.360
Dividend Growth	12.50%	12.50%	-48.15%	-55.00%	566.67%	-28.00%
Gross Margin	9.77%	11.06%	10.53%	16.29%	20.90%	12.23%
Operating Margin	2.38%	3.70%	3.02%	7.90%	12.07%	3.42%
Profit Margin	0.27%	2.32%	2.16%	5.27%	12.08%	-0.09%
Free Cash Flow Margin	3.14%	-6.19%	3.45%	4.44%	5.66%	3.85%
EBITDA	1,952	2,470	2,139	3,881	5,053	1,979
EBITDA Margin	5.18%	6.64%	6.80%	11.47%	15.53%	8.24%
D&A For EBITDA	1,053	1,093	1,191	1,206	1,125	1,156
EBIT	899.33	1,377	947.92	2,675	3,928	822.32
EBIT Margin	2.38%	3.70%	3.02%	7.90%	12.07%	3.42%
Effective Tax Rate	64.63%	41.18%	32.10%	30.84%	20.75%	58.66%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.