Advantech 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
Operating Revenue	70,882	59,786	64,568	68,745	58,622
Revenue	70,882	59,786	64,568	68,745	58,622
Revenue Growth (YoY)	18.56%	-7.41%	-6.08%	17.27%	14.68%
Cost of Revenue	42,685	35,410	38,406	42,632	36,490
Gross Profit	28,198	24,376	26,162	26,113	22,132
Selling, General & Admin	10,835	9,866	9,172	8,762	8,057
Research & Development	5,816	5,416	4,830	4,768	4,270
Operating Expenses	16,631	15,326	14,034	13,581	12,331
Operating Income	11,567	9,050	12,128	12,532	9,800
Interest Expense	-87.56	-91.36	-44.43	-26.22	-14.75
Interest & Investment Income	580.77	790.13	499.7	293.45	212.94
Earnings From Equity Investments	362.17	399.26	388.51	447.4	263.94
Currency Exchange Gain (Loss)	-75.76	215.42	-10.83	190.11	-28.97
Other Non Operating Income (Expenses)	101.66	151.91	161.59	155.51	175.86
EBT Excluding Unusual Items	12,448	10,515	13,123	13,592	10,409
Impairment of Goodwill	-	-	-	-	-292.57
Gain (Loss) on Sale of Investments	243.11	55.37	149.95	-148.59	80.3
Gain (Loss) on Sale of Assets	-1.76	404.04	-6.05	-0.99	58.18
Pretax Income	12,690	10,975	13,267	13,443	10,255
Income Tax Expense	2,189	2,086	2,477	2,700	1,948
Earnings From Continuing Operations	10,501	8,888	10,789	10,743	8,307
Minority Interest in Earnings	91.99	116.82	48.2	14.52	-57.14
Net Income	10,593	9,005	10,838	10,757	8,250
Net Income to Common	10,593	9,005	10,838	10,757	8,250
Net Income Growth	17.63%	-16.91%	0.75%	30.39%	13.83%
Shares Outstanding (Basic)	864	861	857	854	850
Shares Outstanding (Diluted)	873	868	865	863	863
Shares Change (YoY)	0.54%	0.28%	0.22%	0.06%	0.40%
EPS (Basic)	12.25	10.45	12.65	12.60	9.70
EPS (Diluted)	12.14	10.38	12.52	12.46	9.56
EPS Growth	16.96%	-17.09%	0.48%	30.39%	13.38%
Free Cash Flow	7,066	9,005	8,429	8,452	9,638
Free Cash Flow Per Share	8.10	10.38	9.74	9.79	11.17
Dividend Per Share	9.200	8.400	9.500	9.092	7.274
Dividend Growth	9.52%	-11.58%	4.49%	25.00%	12.68%
Gross Margin	39.78%	40.77%	40.52%	37.99%	37.75%
Operating Margin	16.32%	15.14%	18.78%	18.23%	16.72%
Profit Margin	14.94%	15.06%	16.79%	15.65%	14.07%
Free Cash Flow Margin	9.97%	15.06%	13.05%	12.29%	16.44%
EBITDA	12,446	9,895	12,943	13,343	10,652
EBITDA Margin	17.56%	16.55%	20.05%	19.41%	18.17%
D&A For EBITDA	879.41	844.83	814.86	811.19	851.34
EBIT	11,567	9,050	12,128	12,532	9,800
EBIT Margin	16.32%	15.14%	18.78%	18.23%	16.72%
Effective Tax Rate	17.25%	19.01%	18.67%	20.09%	19.00%

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