Visual Photonics Epitaxy 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
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
Revenue	3,143	3,241	2,694	2,604	3,609	2,645
Revenue Growth (YoY)	-9.05%	20.31%	3.48%	-27.85%	36.43%	4.51%
Cost of Revenue	2,021	1,962	1,585	1,515	2,089	1,531
Gross Profit	1,122	1,279	1,109	1,089	1,520	1,114
Selling, General & Admin	157.22	169.06	139.36	151.04	181.53	125.94
Research & Development	382.68	388.69	427.49	358.01	281.66	299.35
Operating Expenses	539.9	557.75	566.85	509.06	463.19	426.89
Operating Income	582.38	721.21	542.07	579.95	1,057	687.52
Interest Expense	-8.5	-11.19	-13	-6.56	-6.67	-7.49
Interest & Investment Income	22.87	24.96	15.58	4.5	1.57	3.05
Currency Exchange Gain (Loss)	-45.54	73.16	-3.5	83.5	-3.42	-
Other Non Operating Income (Expenses)	34.2	9.53	0.58	6.1	4.68	-35.77
EBT Excluding Unusual Items	585.41	817.67	541.72	667.48	1,053	647.3
Pretax Income	585.41	817.67	541.72	667.48	1,053	647.3
Income Tax Expense	98.49	146.62	91.49	122.76	197.6	114.72
Net Income	486.92	671.06	450.23	544.73	855.08	532.59
Net Income to Common	486.92	671.06	450.23	544.73	855.08	532.59
Net Income Growth	-32.98%	49.05%	-17.35%	-36.30%	60.55%	3.55%
Shares Outstanding (Basic)	185	185	185	185	185	185
Shares Outstanding (Diluted)	185	186	185	186	186	186
Shares Change (YoY)	-0.18%	0.09%	-0.36%	0.08%	-0.19%	0.70%
EPS (Basic)	2.64	3.63	2.43	2.95	4.62	2.88
EPS (Diluted)	2.63	3.62	2.43	2.93	4.60	2.86
EPS Growth	-32.88%	48.97%	-17.07%	-36.30%	60.84%	2.88%
Free Cash Flow	413.08	1,042	501.04	225.64	711.22	756.1
Free Cash Flow Per Share	2.23	5.62	2.70	1.21	3.83	4.06
Dividend Per Share	3.218	3.218	2.200	2.300	4.000	2.590
Dividend Growth	46.26%	46.26%	-4.35%	-42.50%	54.44%	3.60%
Gross Margin	35.71%	39.46%	41.16%	41.83%	42.12%	42.13%
Operating Margin	18.53%	22.25%	20.12%	22.27%	29.28%	25.99%
Profit Margin	15.49%	20.70%	16.71%	20.92%	23.70%	20.14%
Free Cash Flow Margin	13.14%	32.15%	18.60%	8.67%	19.71%	28.59%
EBITDA	868.36	1,005	822.74	821.01	1,327	972.81
EBITDA Margin	27.63%	31.02%	30.54%	31.53%	36.78%	36.78%
D&A For EBITDA	285.98	284.27	280.67	241.06	270.68	285.29
EBIT	582.38	721.21	542.07	579.95	1,057	687.52
EBIT Margin	18.53%	22.25%	20.12%	22.27%	29.28%	25.99%
Effective Tax Rate	16.82%	17.93%	16.89%	18.39%	18.77%	17.72%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.