Elite Material 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	87,896	64,377	41,296	38,673	38,500	27,201	Upgrade
Revenue Growth (YoY)	49.74%	55.89%	6.78%	0.45%	41.54%	9.39%	Upgrade
Cost of Revenue	61,619	46,407	29,964	28,962	28,431	20,161	Upgrade
Gross Profit	26,277	17,970	11,333	9,710	10,069	7,040	Upgrade
Selling, General & Admin	6,427	4,048	2,717	2,532	2,379	1,781	Upgrade
Research & Development	2,119	1,747	1,267	953.13	770.53	582.68	Upgrade
Operating Expenses	8,578	5,818	3,987	3,485	3,146	2,357	Upgrade
Operating Income	17,699	12,152	7,346	6,225	6,923	4,683	Upgrade
Interest Expense	-463.26	-458.9	-318.62	-184.12	-76.32	-60.72	Upgrade
Interest & Investment Income	231.2	143.54	120.68	62.41	76.5	74.27	Upgrade
Earnings From Equity Investments	-	-	-	-	-9.94	-10.91	Upgrade
Currency Exchange Gain (Loss)	-140.6	196.73	70.72	57.61	-42.84	15.49	Upgrade
Other Non Operating Income (Expenses)	506.44	285.64	202.4	135.61	42.43	142.56	Upgrade
EBT Excluding Unusual Items	17,832	12,319	7,421	6,297	6,912	4,844	Upgrade
Impairment of Goodwill	-202.57	-202.57	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	0.07	19.23	-	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-3.95	-2.35	-1.62	-0.7	-0.54	-0.57	Upgrade
Other Unusual Items	-	-	-537.96	-	-	-	Upgrade
Pretax Income	17,626	12,133	7,420	6,296	6,912	4,844	Upgrade
Income Tax Expense	4,073	2,564	1,931	1,220	1,412	1,149	Upgrade
Earnings From Continuing Operations	13,553	9,569	5,488	5,076	5,500	3,694	Upgrade
Minority Interest in Earnings	7.35	9.46	-	-3.37	-6.94	-5.27	Upgrade
Net Income	13,560	9,578	5,488	5,073	5,493	3,689	Upgrade
Net Income to Common	13,560	9,578	5,488	5,073	5,493	3,689	Upgrade
Net Income Growth	52.08%	74.52%	8.19%	-7.65%	48.91%	13.83%	Upgrade
Shares Outstanding (Basic)	348	344	336	333	333	326	Upgrade
Shares Outstanding (Diluted)	359	351	348	343	334	334	Upgrade
Shares Change (YoY)	3.10%	0.80%	1.29%	2.90%	-0.09%	0.03%	Upgrade
EPS (Basic)	38.92	27.81	16.35	15.24	16.50	11.33	Upgrade
EPS (Diluted)	37.72	27.30	15.75	14.86	16.46	11.07	Upgrade
EPS Growth	47.02%	73.30%	5.98%	-9.71%	48.65%	13.83%	Upgrade
Free Cash Flow	-687.69	1,397	-391.22	1,005	1,551	2,318	Upgrade
Free Cash Flow Per Share	-1.92	3.98	-1.13	2.93	4.65	6.94	Upgrade
Dividend Per Share	16.575	16.575	10.000	8.500	10.000	7.000	Upgrade
Dividend Growth	65.75%	65.75%	17.65%	-15.00%	42.86%	21.53%	Upgrade
Gross Margin	29.89%	27.91%	27.44%	25.11%	26.15%	25.88%	Upgrade
Operating Margin	20.14%	18.88%	17.79%	16.10%	17.98%	17.22%	Upgrade
Profit Margin	15.43%	14.88%	13.29%	13.12%	14.27%	13.56%	Upgrade
Free Cash Flow Margin	-0.78%	2.17%	-0.95%	2.60%	4.03%	8.52%	Upgrade
EBITDA	19,413	13,834	8,618	6,972	7,616	5,286	Upgrade
EBITDA Margin	22.09%	21.49%	20.87%	18.03%	19.78%	19.43%	Upgrade
D&A For EBITDA	1,714	1,682	1,272	747.17	693.65	602.7	Upgrade
EBIT	17,699	12,152	7,346	6,225	6,923	4,683	Upgrade
EBIT Margin	20.14%	18.88%	17.79%	16.10%	17.98%	17.22%	Upgrade
Effective Tax Rate	23.11%	21.13%	26.03%	19.37%	20.42%	23.73%	Upgrade

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