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	2015 - 2019
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	2015 - 2019
Revenue	1,489	1,250	1,081	934.14	867.89	863.36	Upgrade
Revenue Growth (YoY)	22.21%	15.63%	15.68%	7.63%	0.53%	4.14%	Upgrade
Cost of Revenue	911.54	779.11	683.84	635.28	608.15	606.19	Upgrade
Gross Profit	577.32	470.4	396.78	298.86	259.74	257.17	Upgrade
Selling, General & Admin	267.39	245.5	221.14	187.62	173.48	169.73	Upgrade
Research & Development	124.57	110.96	103.43	89.83	76.99	86.1	Upgrade
Operating Expenses	391.96	356.46	324.59	277.51	250.47	254.94	Upgrade
Operating Income	185.36	113.95	72.19	21.35	9.28	2.23	Upgrade
Interest Expense	-11.61	-13.26	-12.67	-11.45	-10.85	-11.68	Upgrade
Interest & Investment Income	15.17	13.31	6.76	1.88	0.17	0.57	Upgrade
Currency Exchange Gain (Loss)	-20.22	22.04	-3.21	35.35	-10.58	-9.35	Upgrade
Other Non Operating Income (Expenses)	28.42	29.39	29.82	31.36	38	34.01	Upgrade
EBT Excluding Unusual Items	197.13	165.43	92.88	78.49	26.02	15.77	Upgrade
Gain (Loss) on Sale of Assets	-	-	17.21	-	-	-	Upgrade
Pretax Income	197.13	165.43	110.09	78.49	26.02	15.77	Upgrade
Income Tax Expense	2.53	2.66	6.7	0.98	0.25	0.34	Upgrade
Earnings From Continuing Operations	194.59	162.77	103.39	77.51	25.77	15.43	Upgrade
Minority Interest in Earnings	1.75	1.95	5.43	2.09	2.41	5.96	Upgrade
Net Income	196.34	164.72	108.82	79.6	28.18	21.39	Upgrade
Preferred Dividends & Other Adjustments	0	0	0	0	0	0.02	Upgrade
Net Income to Common	196.34	164.72	108.81	79.6	28.18	21.37	Upgrade
Net Income Growth	30.79%	51.38%	36.71%	182.44%	31.77%	-	Upgrade
Shares Outstanding (Basic)	52	52	52	52	52	52	Upgrade
Shares Outstanding (Diluted)	53	53	53	53	53	52	Upgrade
Shares Change (YoY)	0.34%	0.26%	-0.10%	-0.34%	0.69%	0.00%	Upgrade
EPS (Basic)	3.75	3.14	2.08	1.52	0.54	0.41	Upgrade
EPS (Diluted)	3.72	3.13	2.07	1.51	0.53	0.41	Upgrade
EPS Growth	30.34%	50.99%	36.84%	183.40%	30.97%	-	Upgrade
Free Cash Flow	265.55	247.97	175.78	101.56	-0.94	89.54	Upgrade
Free Cash Flow Per Share	5.04	4.71	3.35	1.93	-0.02	1.71	Upgrade
Dividend Per Share	-	-	-	-	0.473	-	Upgrade
Gross Margin	38.78%	37.65%	36.72%	31.99%	29.93%	29.79%	Upgrade
Operating Margin	12.45%	9.12%	6.68%	2.28%	1.07%	0.26%	Upgrade
Profit Margin	13.19%	13.18%	10.07%	8.52%	3.25%	2.48%	Upgrade
Free Cash Flow Margin	17.84%	19.84%	16.27%	10.87%	-0.11%	10.37%	Upgrade
EBITDA	206.22	133.74	96.45	44.9	33.16	29.79	Upgrade
EBITDA Margin	13.85%	10.70%	8.92%	4.81%	3.82%	3.45%	Upgrade
D&A For EBITDA	20.86	19.8	24.26	23.56	23.88	27.56	Upgrade
EBIT	185.36	113.95	72.19	21.35	9.28	2.23	Upgrade
EBIT Margin	12.45%	9.12%	6.68%	2.28%	1.07%	0.26%	Upgrade
Effective Tax Rate	1.29%	1.61%	6.09%	1.24%	0.95%	2.14%	Upgrade

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