Formosan Rubber Group Inc. (TPE:2107)

Formosan Rubber Group 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	1,365	1,481	1,360	1,937	2,795	3,282
Revenue Growth (YoY)	-4.51%	8.94%	-29.81%	-30.69%	-14.85%	21.49%
Cost of Revenue	878.64	1,008	939.11	1,312	1,911	2,220
Gross Profit	485.94	472.81	420.61	625.21	883.66	1,062
Selling, General & Admin	202.52	215.26	211.74	244.71	245.96	241.81
Research & Development	9.42	9.8	9.27	9.63	10.47	9.92
Operating Expenses	211.53	225.06	220.72	253.59	256.1	251.73
Operating Income	274.41	247.75	199.89	371.62	627.57	810.56
Interest Expense	-19.17	-20.16	-26.33	-8.79	-4.02	-8.23
Interest & Investment Income	314.42	246.95	366.54	323.32	215.15	159.9
Earnings From Equity Investments	11.59	15.14	19.66	5.48	7.08	3.08
Currency Exchange Gain (Loss)	-13.93	73.49	3.57	154.58	-37.83	-40.14
Other Non Operating Income (Expenses)	-13.91	-14.14	4.12	4.87	11.74	4.62
EBT Excluding Unusual Items	553.41	549.03	567.44	851.08	819.68	929.79
Gain (Loss) on Sale of Investments	39.6	132.83	24.76	-1.99	4.89	5.41
Gain (Loss) on Sale of Assets	-20.37	-20.57	-	0.06	-	-1.59
Asset Writedown	-7.65	-7.65	-	-18.85	-1.22	-3.48
Pretax Income	564.98	653.63	592.2	830.3	823.35	930.13
Income Tax Expense	74.46	80.17	73.32	118.61	45.4	28.42
Earnings From Continuing Operations	490.53	573.46	518.88	711.68	777.96	901.72
Net Income	490.53	573.46	518.88	711.68	777.96	901.72
Net Income to Common	490.53	573.46	518.88	711.68	777.96	901.72
Net Income Growth	-10.85%	10.52%	-27.09%	-8.52%	-13.73%	67.31%
Shares Outstanding (Basic)	304	304	323	306	308	310
Shares Outstanding (Diluted)	304	304	324	307	309	310
Shares Change (YoY)	-7.53%	-6.09%	5.56%	-0.63%	-0.60%	-1.56%
EPS (Basic)	1.62	1.89	1.61	2.32	2.53	2.91
EPS (Diluted)	1.62	1.89	1.60	2.32	2.52	2.90
EPS Growth	-3.45%	18.06%	-31.10%	-7.93%	-13.03%	69.49%
Free Cash Flow	610.85	786.06	645.47	-48.63	1,718	2,065
Free Cash Flow Per Share	2.01	2.59	2.00	-0.16	5.57	6.66
Dividend Per Share	1.400	1.400	1.300	1.333	1.333	1.667
Dividend Growth	7.69%	7.69%	-2.50%	-	-20.00%	87.50%
Gross Margin	35.61%	31.92%	30.93%	32.27%	31.62%	32.37%
Operating Margin	20.11%	16.73%	14.70%	19.18%	22.45%	24.70%
Profit Margin	35.95%	38.71%	38.16%	36.74%	27.83%	27.47%
Free Cash Flow Margin	44.77%	53.07%	47.47%	-2.51%	61.46%	62.93%
EBITDA	379.11	345.06	295.71	470.5	730.2	916.97
EBITDA Margin	27.78%	23.29%	21.75%	24.29%	26.13%	27.94%
D&A For EBITDA	104.7	97.32	95.82	98.88	102.63	106.41
EBIT	274.41	247.75	199.89	371.62	627.57	810.56
EBIT Margin	20.11%	16.73%	14.70%	19.18%	22.45%	24.70%
Effective Tax Rate	13.18%	12.26%	12.38%	14.29%	5.51%	3.06%

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