Iron Force Industrial 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	4,954	5,041	4,894	4,374	3,679
Revenue Growth (YoY)	-1.73%	3.01%	11.90%	18.90%	7.45%
Cost of Revenue	3,785	3,793	3,681	3,238	2,853
Gross Profit	1,169	1,249	1,213	1,136	825.62
Selling, General & Admin	567.89	570.3	511.01	507.19	505.81
Research & Development	149.78	153.53	153.78	162.15	157.61
Operating Expenses	715.14	721.05	652.18	685.65	667.49
Operating Income	453.81	527.53	560.88	450.6	158.13
Interest Expense	-10.92	-13.61	-10.12	-8.39	-6.92
Interest & Investment Income	36.66	41.98	31.99	18.47	10.26
Currency Exchange Gain (Loss)	46.28	31.51	11.71	63.3	-4.76
Other Non Operating Income (Expenses)	71.31	95.47	103.29	93.56	83.73
EBT Excluding Unusual Items	597.14	682.88	697.75	617.54	240.43
Gain (Loss) on Sale of Investments	3.83	4.94	10.53	-1	-0.76
Gain (Loss) on Sale of Assets	0.04	134.96	-3.25	-2.45	-3.97
Asset Writedown	-	-	-	-	-7.88
Legal Settlements	-	-	-	-8.43	-
Pretax Income	601.01	822.77	705.03	605.66	227.83
Income Tax Expense	183.01	91.75	191.21	153.07	-10.75
Net Income	418	731.03	513.82	452.59	238.58
Net Income to Common	418	731.03	513.82	452.59	238.58
Net Income Growth	-42.82%	42.27%	13.53%	89.70%	141.14%
Shares Outstanding (Basic)	80	77	76	76	76
Shares Outstanding (Diluted)	83	78	76	79	79
Shares Change (YoY)	6.56%	2.75%	-3.98%	0.21%	0.85%
EPS (Basic)	5.25	9.52	6.78	5.97	3.15
EPS (Diluted)	5.09	9.40	6.77	5.76	3.06
EPS Growth	-45.80%	38.79%	17.50%	88.19%	136.42%
Free Cash Flow	465.91	330.07	1,094	47.93	137.09
Free Cash Flow Per Share	5.61	4.23	14.42	0.61	1.74
Dividend Per Share	4.500	9.000	5.000	4.000	2.000
Dividend Growth	-50.00%	80.00%	25.00%	100.00%	90.48%
Gross Margin	23.60%	24.77%	24.79%	25.98%	22.44%
Operating Margin	9.16%	10.46%	11.46%	10.30%	4.30%
Profit Margin	8.44%	14.50%	10.50%	10.35%	6.49%
Free Cash Flow Margin	9.40%	6.55%	22.36%	1.10%	3.73%
EBITDA	647.97	731.93	764.57	665.73	390.45
EBITDA Margin	13.08%	14.52%	15.62%	15.22%	10.61%
D&A For EBITDA	194.15	204.4	203.69	215.14	232.32
EBIT	453.81	527.53	560.88	450.6	158.13
EBIT Margin	9.16%	10.46%	11.46%	10.30%	4.30%
Effective Tax Rate	30.45%	11.15%	27.12%	25.27%	-

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