Visual Photonics Epitaxy 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	3,380	3,241	2,694	2,604	3,609
Revenue Growth (YoY)	4.29%	20.31%	3.48%	-27.85%	36.43%
Cost of Revenue	2,160	1,962	1,585	1,515	2,089
Gross Profit	1,220	1,279	1,109	1,089	1,520
Selling, General & Admin	167.03	169.06	139.36	151.04	181.53
Research & Development	383.43	388.69	427.49	358.01	281.66
Operating Expenses	550.46	557.75	566.85	509.06	463.19
Operating Income	669.26	721.21	542.07	579.95	1,057
Interest Expense	-9.11	-11.19	-13	-6.56	-6.67
Interest & Investment Income	19.58	24.96	15.58	4.5	1.57
Currency Exchange Gain (Loss)	-	73.16	-3.5	83.5	-3.42
Other Non Operating Income (Expenses)	-12.39	9.53	0.58	6.1	4.68
EBT Excluding Unusual Items	667.35	817.67	541.72	667.48	1,053
Pretax Income	667.35	817.67	541.72	667.48	1,053
Income Tax Expense	119.41	146.62	91.49	122.76	197.6
Net Income	547.94	671.06	450.23	544.73	855.08
Net Income to Common	547.94	671.06	450.23	544.73	855.08
Net Income Growth	-18.35%	49.05%	-17.35%	-36.30%	60.55%
Shares Outstanding (Basic)	184	185	185	185	185
Shares Outstanding (Diluted)	185	186	185	186	186
Shares Change (YoY)	-0.22%	0.09%	-0.36%	0.08%	-0.19%
EPS (Basic)	2.97	3.63	2.43	2.95	4.62
EPS (Diluted)	2.96	3.62	2.43	2.93	4.60
EPS Growth	-18.23%	48.97%	-17.07%	-36.30%	60.84%
Free Cash Flow	278.43	1,042	501.04	225.64	711.22
Free Cash Flow Per Share	1.50	5.62	2.70	1.21	3.83
Dividend Per Share	-	3.218	2.200	2.300	4.000
Dividend Growth	-	46.26%	-4.35%	-42.50%	54.44%
Gross Margin	36.09%	39.46%	41.16%	41.83%	42.12%
Operating Margin	19.80%	22.25%	20.12%	22.27%	29.28%
Profit Margin	16.21%	20.70%	16.71%	20.92%	23.70%
Free Cash Flow Margin	8.24%	32.15%	18.60%	8.67%	19.71%
EBITDA	960.22	1,005	822.74	821.01	1,327
EBITDA Margin	28.41%	31.02%	30.54%	31.53%	36.78%
D&A For EBITDA	290.96	284.27	280.67	241.06	270.68
EBIT	669.26	721.21	542.07	579.95	1,057
EBIT Margin	19.80%	22.25%	20.12%	22.27%	29.28%
Effective Tax Rate	17.89%	17.93%	16.89%	18.39%	18.77%

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