Twinhead International Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,466	1,506	1,250	1,081	934.14	867.89
Revenue Growth (YoY)	6.50%	20.50%	15.63%	15.68%	7.63%	0.53%
Cost of Revenue	876.63	906.31	779.11	683.84	635.28	608.15
Gross Profit	588.88	599.38	470.4	396.78	298.86	259.74
Selling, General & Admin	278.31	278.09	245.5	221.14	187.62	173.48
Research & Development	122.55	121.41	110.96	103.43	89.83	76.99
Operating Expenses	400.93	399.57	356.46	324.59	277.51	250.47
Operating Income	187.96	199.81	113.95	72.19	21.35	9.28
Interest Expense	-10.46	-11.26	-13.26	-12.67	-11.45	-10.85
Interest & Investment Income	15.39	15.67	13.31	6.76	1.88	0.17
Currency Exchange Gain (Loss)	-10.5	-10.5	22.04	-3.21	35.35	-10.58
Other Non Operating Income (Expenses)	23.63	27.07	29.39	29.82	31.36	38
EBT Excluding Unusual Items	206.02	220.79	165.43	92.88	78.49	26.02
Gain (Loss) on Sale of Assets	-	-	-	17.21	-	-
Pretax Income	206.02	220.79	165.43	110.09	78.49	26.02
Income Tax Expense	2.37	2.55	2.66	6.7	0.98	0.25
Earnings From Continuing Operations	203.65	218.24	162.77	103.39	77.51	25.77
Minority Interest in Earnings	1.39	1.78	1.95	5.43	2.09	2.41
Net Income	205.04	220.02	164.72	108.82	79.6	28.18
Preferred Dividends & Other Adjustments	0	0	0	0	0	0
Net Income to Common	205.03	220.02	164.72	108.81	79.6	28.18
Net Income Growth	5.15%	33.57%	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	53
Shares Change (YoY)	-0.01%	0.24%	0.14%	-0.10%	-0.34%	0.69%
EPS (Basic)	3.91	4.20	3.14	2.08	1.52	0.54
EPS (Diluted)	3.89	4.17	3.13	2.07	1.51	0.53
EPS Growth	5.15%	33.25%	51.17%	36.84%	183.40%	30.97%
Free Cash Flow	226.18	204.36	247.97	175.78	101.56	-0.94
Free Cash Flow Per Share	4.29	3.88	4.71	3.35	1.93	-0.02
Dividend Per Share	2.000	2.000	-	-	-	0.473
Gross Margin	40.18%	39.81%	37.65%	36.72%	31.99%	29.93%
Operating Margin	12.83%	13.27%	9.12%	6.68%	2.28%	1.07%
Profit Margin	13.99%	14.61%	13.18%	10.07%	8.52%	3.25%
Free Cash Flow Margin	15.43%	13.57%	19.84%	16.27%	10.87%	-0.11%
EBITDA	211.76	221.9	133.74	96.45	44.9	33.16
EBITDA Margin	14.45%	14.74%	10.70%	8.92%	4.81%	3.82%
D&A For EBITDA	23.81	22.09	19.8	24.26	23.56	23.88
EBIT	187.96	199.81	113.95	72.19	21.35	9.28
EBIT Margin	12.83%	13.27%	9.12%	6.68%	2.28%	1.07%
Effective Tax Rate	1.15%	1.15%	1.61%	6.09%	1.24%	0.95%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.