Micro-Star 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	230,196	197,872	182,966	180,411	201,810
Revenue Growth (YoY)	16.34%	8.15%	1.42%	-10.60%	37.75%
Cost of Revenue	204,984	173,677	160,120	154,683	163,566
Gross Profit	25,213	24,195	22,846	25,728	38,244
Selling, General & Admin	13,622	11,869	9,735	10,589	13,077
Research & Development	5,220	5,139	4,283	4,397	5,179
Operating Expenses	18,824	17,078	14,036	15,032	18,270
Operating Income	6,388	7,117	8,810	10,696	19,975
Interest Expense	-135.36	-44.29	-27.66	-38.24	-18.71
Interest & Investment Income	525.48	468.38	456.74	145.68	72.05
Currency Exchange Gain (Loss)	-98.77	348.33	-709.94	910.78	-245.48
Other Non Operating Income (Expenses)	303.83	620.52	602.75	569.78	829.35
EBT Excluding Unusual Items	6,983	8,510	9,132	12,284	20,612
Gain (Loss) on Sale of Investments	38.74	-23.32	13.22	0.54	17.96
Gain (Loss) on Sale of Assets	59.64	21.21	31.56	-0.75	0.86
Asset Writedown	-57.5	-	-	-	-
Pretax Income	7,024	8,508	9,177	12,284	20,631
Income Tax Expense	1,276	1,715	1,644	2,321	3,710
Net Income	5,748	6,793	7,533	9,963	16,921
Net Income to Common	5,748	6,793	7,533	9,963	16,921
Net Income Growth	-15.38%	-9.83%	-24.39%	-41.12%	112.59%
Shares Outstanding (Basic)	845	845	845	845	845
Shares Outstanding (Diluted)	851	849	850	855	856
Shares Change (YoY)	0.21%	-0.06%	-0.61%	-0.07%	0.41%
EPS (Basic)	6.80	8.04	8.92	11.79	20.03
EPS (Diluted)	6.75	8.00	8.87	11.65	19.78
EPS Growth	-15.63%	-9.81%	-23.86%	-41.10%	111.78%
Free Cash Flow	418.29	2,694	4,318	14,818	11,052
Free Cash Flow Per Share	0.49	3.17	5.08	17.33	12.92
Dividend Per Share	4.200	5.000	5.400	6.600	10.500
Dividend Growth	-16.00%	-7.41%	-18.18%	-37.14%	72.13%
Gross Margin	10.95%	12.23%	12.49%	14.26%	18.95%
Operating Margin	2.77%	3.60%	4.81%	5.93%	9.90%
Profit Margin	2.50%	3.43%	4.12%	5.52%	8.38%
Free Cash Flow Margin	0.18%	1.36%	2.36%	8.21%	5.48%
EBITDA	7,332	8,081	9,862	11,803	20,967
EBITDA Margin	3.19%	4.08%	5.39%	6.54%	10.39%
D&A For EBITDA	943.57	963.47	1,051	1,107	992.7
EBIT	6,388	7,117	8,810	10,696	19,975
EBIT Margin	2.77%	3.60%	4.81%	5.93%	9.90%
Effective Tax Rate	18.17%	20.16%	17.91%	18.90%	17.98%

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