Twinhead International 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	1,506	1,250	1,081	934.14	867.89
Revenue Growth (YoY)	20.50%	15.63%	15.68%	7.63%	0.53%
Cost of Revenue	906.31	779.11	683.84	635.28	608.15
Gross Profit	599.38	470.4	396.78	298.86	259.74
Selling, General & Admin	278.09	245.5	221.14	187.62	173.48
Research & Development	121.41	110.96	103.43	89.83	76.99
Operating Expenses	399.57	356.46	324.59	277.51	250.47
Operating Income	199.81	113.95	72.19	21.35	9.28
Interest Expense	-11.26	-13.26	-12.67	-11.45	-10.85
Interest & Investment Income	15.67	13.31	6.76	1.88	0.17
Currency Exchange Gain (Loss)	-	22.04	-3.21	35.35	-10.58
Other Non Operating Income (Expenses)	16.56	29.39	29.82	31.36	38
EBT Excluding Unusual Items	220.79	165.43	92.88	78.49	26.02
Gain (Loss) on Sale of Assets	-	-	17.21	-	-
Pretax Income	220.79	165.43	110.09	78.49	26.02
Income Tax Expense	2.55	2.66	6.7	0.98	0.25
Earnings From Continuing Operations	218.24	162.77	103.39	77.51	25.77
Minority Interest in Earnings	1.78	1.95	5.43	2.09	2.41
Net Income	220.02	164.72	108.82	79.6	28.18
Preferred Dividends & Other Adjustments	-	0	0	0	0
Net Income to Common	220.02	164.72	108.81	79.6	28.18
Net Income Growth	33.57%	51.38%	36.71%	182.44%	31.77%
Shares Outstanding (Basic)	52	52	52	52	52
Shares Outstanding (Diluted)	53	53	53	53	53
Shares Change (YoY)	0.20%	0.26%	-0.10%	-0.34%	0.69%
EPS (Basic)	4.20	3.14	2.08	1.52	0.54
EPS (Diluted)	4.17	3.13	2.07	1.51	0.53
EPS Growth	33.30%	50.99%	36.84%	183.40%	30.97%
Free Cash Flow	204.36	247.97	175.78	101.56	-0.94
Free Cash Flow Per Share	3.87	4.71	3.35	1.93	-0.02
Dividend Per Share	-	-	-	-	0.473
Gross Margin	39.81%	37.65%	36.72%	31.99%	29.93%
Operating Margin	13.27%	9.12%	6.68%	2.28%	1.07%
Profit Margin	14.61%	13.18%	10.07%	8.52%	3.25%
Free Cash Flow Margin	13.57%	19.84%	16.27%	10.87%	-0.11%
EBITDA	243.04	133.74	96.45	44.9	33.16
EBITDA Margin	16.14%	10.70%	8.92%	4.81%	3.82%
D&A For EBITDA	43.23	19.8	24.26	23.56	23.88
EBIT	199.81	113.95	72.19	21.35	9.28
EBIT Margin	13.27%	9.12%	6.68%	2.28%	1.07%
Effective Tax Rate	1.15%	1.61%	6.09%	1.24%	0.95%

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