GEM Terminal Industry 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	3,109	3,188	2,590	2,882	4,315	3,454
Revenue Growth (YoY)	2.04%	23.07%	-10.11%	-33.21%	24.92%	0.33%
Cost of Revenue	3,153	3,001	2,515	2,781	3,466	3,078
Gross Profit	-43.84	187.28	75.87	101.33	849.54	376.31
Selling, General & Admin	400.9	361.46	330.16	324.81	381.98	319.84
Research & Development	29.48	8.46	11.86	17.18	21.19	22.36
Operating Expenses	430.26	367.18	343.04	340.7	405.71	342.63
Operating Income	-474.1	-179.9	-267.18	-239.37	443.84	33.68
Interest Expense	-68.86	-63.67	-40.44	-47.72	-43.76	-44.59
Interest & Investment Income	13.28	19.1	17.48	11.51	4.32	7.82
Currency Exchange Gain (Loss)	3.66	16.79	22.78	105.71	-1.16	-42.9
Other Non Operating Income (Expenses)	2.09	-2.66	2.15	-2.33	-10.15	-3.48
EBT Excluding Unusual Items	-523.92	-210.35	-265.21	-172.2	393.09	-49.47
Gain (Loss) on Sale of Assets	-9.05	-11.57	-4.46	-5.59	-10.03	-6.35
Asset Writedown	-0.85	-0.85	-5.19	-	-	-
Pretax Income	-533.83	-222.77	-274.86	-177.8	383.06	-55.82
Income Tax Expense	2.04	7.31	-101.42	-74.68	139.93	-13.32
Net Income	-535.86	-230.08	-173.44	-103.11	243.13	-42.5
Net Income to Common	-535.86	-230.08	-173.44	-103.11	243.13	-42.5
Shares Outstanding (Basic)	166	166	166	166	166	168
Shares Outstanding (Diluted)	166	166	166	166	166	168
Shares Change (YoY)	0.15%	-	-	-0.20%	-1.28%	-0.49%
EPS (Basic)	-3.23	-1.39	-1.05	-0.62	1.47	-0.25
EPS (Diluted)	-3.23	-1.39	-1.05	-0.62	1.46	-0.25
Free Cash Flow	-110.81	-501.07	-222.44	365.62	-176.85	384.4
Free Cash Flow Per Share	-0.67	-3.02	-1.34	2.20	-1.06	2.28
Dividend Per Share	-	-	-	-	0.300	-
Gross Margin	-1.41%	5.87%	2.93%	3.52%	19.69%	10.89%
Operating Margin	-15.25%	-5.64%	-10.31%	-8.31%	10.29%	0.97%
Profit Margin	-17.23%	-7.22%	-6.69%	-3.58%	5.63%	-1.23%
Free Cash Flow Margin	-3.56%	-15.72%	-8.59%	12.69%	-4.10%	11.13%
EBITDA	-229.76	59.61	-32.43	7.64	686.74	284.46
EBITDA Margin	-7.39%	1.87%	-1.25%	0.27%	15.92%	8.24%
D&A For EBITDA	244.34	239.51	234.75	247.01	242.9	250.78
EBIT	-474.1	-179.9	-267.18	-239.37	443.84	33.68
EBIT Margin	-15.25%	-5.64%	-10.31%	-8.31%	10.29%	0.97%
Effective Tax Rate	-	-	-	-	36.53%	-

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