Formosan Rubber Group 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	1,444	1,481	1,360	1,937	2,795
Revenue Growth (YoY)	-2.54%	8.94%	-29.81%	-30.69%	-14.85%
Cost of Revenue	950.6	1,008	939.11	1,312	1,911
Gross Profit	492.98	472.81	420.61	625.21	883.66
Selling, General & Admin	200.38	215.26	211.74	244.71	245.96
Research & Development	9.73	9.8	9.27	9.63	10.47
Operating Expenses	210.11	225.06	220.72	253.59	256.1
Operating Income	282.88	247.75	199.89	371.62	627.57
Interest Expense	-22.87	-20.16	-26.33	-8.79	-4.02
Interest & Investment Income	30.12	246.95	366.54	323.32	215.15
Earnings From Equity Investments	15.37	15.14	19.66	5.48	7.08
Currency Exchange Gain (Loss)	-	73.49	3.57	154.58	-37.83
Other Non Operating Income (Expenses)	283.14	-14.14	4.12	4.87	11.74
EBT Excluding Unusual Items	588.63	549.03	567.44	851.08	819.68
Gain (Loss) on Sale of Investments	-	132.83	24.76	-1.99	4.89
Gain (Loss) on Sale of Assets	-	-20.57	-	0.06	-
Asset Writedown	-	-7.65	-	-18.85	-1.22
Pretax Income	588.63	653.63	592.2	830.3	823.35
Income Tax Expense	80.81	80.17	73.32	118.61	45.4
Earnings From Continuing Operations	507.82	573.46	518.88	711.68	777.96
Net Income	507.82	573.46	518.88	711.68	777.96
Net Income to Common	507.82	573.46	518.88	711.68	777.96
Net Income Growth	-11.45%	10.52%	-27.09%	-8.52%	-13.73%
Shares Outstanding (Basic)	304	304	323	306	308
Shares Outstanding (Diluted)	304	304	324	307	309
Shares Change (YoY)	0.06%	-6.09%	5.56%	-0.63%	-0.60%
EPS (Basic)	1.67	1.89	1.61	2.32	2.53
EPS (Diluted)	1.67	1.89	1.60	2.32	2.52
EPS Growth	-11.59%	18.06%	-31.10%	-7.93%	-13.03%
Free Cash Flow	648.78	786.06	645.47	-48.63	1,718
Free Cash Flow Per Share	2.13	2.59	2.00	-0.16	5.57
Dividend Per Share	-	1.400	1.300	1.333	1.333
Dividend Growth	-	7.69%	-2.50%	-	-20.00%
Gross Margin	34.15%	31.92%	30.93%	32.27%	31.62%
Operating Margin	19.60%	16.73%	14.70%	19.18%	22.45%
Profit Margin	35.18%	38.71%	38.16%	36.74%	27.83%
Free Cash Flow Margin	44.94%	53.07%	47.47%	-2.51%	61.46%
EBITDA	400.01	345.06	295.71	470.5	730.2
EBITDA Margin	27.71%	23.29%	21.75%	24.29%	26.13%
D&A For EBITDA	117.14	97.32	95.82	98.88	102.63
EBIT	282.88	247.75	199.89	371.62	627.57
EBIT Margin	19.60%	16.73%	14.70%	19.18%	22.45%
Effective Tax Rate	13.73%	12.26%	12.38%	14.29%	5.51%

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