GEM Terminal Industry 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	3,172	3,188	2,590	2,882	4,315
Revenue Growth (YoY)	-0.51%	23.07%	-10.11%	-33.21%	24.92%
Cost of Revenue	3,180	3,001	2,515	2,781	3,466
Gross Profit	-8	187.28	75.87	101.33	849.54
Selling, General & Admin	399.88	361.46	330.16	324.81	381.98
Research & Development	25.26	8.46	11.86	17.18	21.19
Operating Expenses	427.38	367.18	343.04	340.7	405.71
Operating Income	-435.38	-179.9	-267.18	-239.37	443.84
Interest Expense	-69.6	-63.67	-40.44	-47.72	-43.76
Interest & Investment Income	11.14	19.1	17.48	11.51	4.32
Currency Exchange Gain (Loss)	8.29	16.79	22.78	105.71	-1.16
Other Non Operating Income (Expenses)	5.47	-3.51	2.15	-2.33	-10.15
EBT Excluding Unusual Items	-480.07	-211.2	-265.21	-172.2	393.09
Gain (Loss) on Sale of Assets	-5.99	-11.57	-4.46	-5.59	-10.03
Asset Writedown	-	-	-5.19	-	-
Pretax Income	-486.07	-222.77	-274.86	-177.8	383.06
Income Tax Expense	14.69	7.31	-101.42	-74.68	139.93
Net Income	-500.76	-230.08	-173.44	-103.11	243.13
Net Income to Common	-500.76	-230.08	-173.44	-103.11	243.13
Shares Outstanding (Basic)	167	166	166	166	166
Shares Outstanding (Diluted)	167	166	166	166	166
Shares Change (YoY)	0.65%	-	-	-0.20%	-1.28%
EPS (Basic)	-3.00	-1.39	-1.05	-0.62	1.47
EPS (Diluted)	-3.00	-1.39	-1.05	-0.62	1.46
Free Cash Flow	-366.34	-501.07	-222.44	365.62	-176.85
Free Cash Flow Per Share	-2.19	-3.02	-1.34	2.20	-1.06
Dividend Per Share	-	-	-	-	0.300
Gross Margin	-0.25%	5.87%	2.93%	3.52%	19.69%
Operating Margin	-13.73%	-5.64%	-10.31%	-8.31%	10.29%
Profit Margin	-15.79%	-7.22%	-6.69%	-3.58%	5.63%
Free Cash Flow Margin	-11.55%	-15.72%	-8.59%	12.69%	-4.10%
EBITDA	-194.12	59.61	-32.43	7.64	686.74
EBITDA Margin	-6.12%	1.87%	-1.25%	0.27%	15.92%
D&A For EBITDA	241.26	239.51	234.75	247.01	242.9
EBIT	-435.38	-179.9	-267.18	-239.37	443.84
EBIT Margin	-13.73%	-5.64%	-10.31%	-8.31%	10.29%
Effective Tax Rate	-	-	-	-	36.53%

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