Twinhead International Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,489	1,250	1,081	934.14	867.89	863.36
Revenue Growth (YoY)	22.21%	15.63%	15.68%	7.63%	0.53%	4.14%
Cost of Revenue	911.54	779.11	683.84	635.28	608.15	606.19
Gross Profit	577.32	470.4	396.78	298.86	259.74	257.17
Selling, General & Admin	267.39	245.5	221.14	187.62	173.48	169.73
Research & Development	124.57	110.96	103.43	89.83	76.99	86.1
Operating Expenses	391.96	356.46	324.59	277.51	250.47	254.94
Operating Income	185.36	113.95	72.19	21.35	9.28	2.23
Interest Expense	-11.61	-13.26	-12.67	-11.45	-10.85	-11.68
Interest & Investment Income	15.17	13.31	6.76	1.88	0.17	0.57
Currency Exchange Gain (Loss)	-20.22	22.04	-3.21	35.35	-10.58	-9.35
Other Non Operating Income (Expenses)	28.42	29.39	29.82	31.36	38	34.01
EBT Excluding Unusual Items	197.13	165.43	92.88	78.49	26.02	15.77
Gain (Loss) on Sale of Assets	-	-	17.21	-	-	-
Pretax Income	197.13	165.43	110.09	78.49	26.02	15.77
Income Tax Expense	2.53	2.66	6.7	0.98	0.25	0.34
Earnings From Continuing Operations	194.59	162.77	103.39	77.51	25.77	15.43
Minority Interest in Earnings	1.75	1.95	5.43	2.09	2.41	5.96
Net Income	196.34	164.72	108.82	79.6	28.18	21.39
Preferred Dividends & Other Adjustments	0	0	0	0	0	0.02
Net Income to Common	196.34	164.72	108.81	79.6	28.18	21.37
Net Income Growth	30.79%	51.38%	36.71%	182.44%	31.77%	-
Shares Outstanding (Basic)	52	52	52	52	52	52
Shares Outstanding (Diluted)	53	53	53	53	53	52
Shares Change (YoY)	0.34%	0.26%	-0.10%	-0.34%	0.69%	0.00%
EPS (Basic)	3.75	3.14	2.08	1.52	0.54	0.41
EPS (Diluted)	3.72	3.13	2.07	1.51	0.53	0.41
EPS Growth	30.34%	50.99%	36.84%	183.40%	30.97%	-
Free Cash Flow	265.55	247.97	175.78	101.56	-0.94	89.54
Free Cash Flow Per Share	5.04	4.71	3.35	1.93	-0.02	1.71
Dividend Per Share	-	-	-	-	0.473	-
Gross Margin	38.78%	37.65%	36.72%	31.99%	29.93%	29.79%
Operating Margin	12.45%	9.12%	6.68%	2.28%	1.07%	0.26%
Profit Margin	13.19%	13.18%	10.07%	8.52%	3.25%	2.48%
Free Cash Flow Margin	17.84%	19.84%	16.27%	10.87%	-0.11%	10.37%
EBITDA	206.22	133.74	96.45	44.9	33.16	29.79
EBITDA Margin	13.85%	10.70%	8.92%	4.81%	3.82%	3.45%
D&A For EBITDA	20.86	19.8	24.26	23.56	23.88	27.56
EBIT	185.36	113.95	72.19	21.35	9.28	2.23
EBIT Margin	12.45%	9.12%	6.68%	2.28%	1.07%	0.26%
Effective Tax Rate	1.29%	1.61%	6.09%	1.24%	0.95%	2.14%

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