Ares International Corp. (TPE:2471)

Ares International Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	967.69	877.67	841.83	802.5	800.73	773.69
Revenue Growth (YoY)	12.73%	4.26%	4.90%	0.22%	3.50%	7.08%
Cost of Revenue	568.2	525.25	498.05	466.52	466.96	471.47
Gross Profit	399.49	352.42	343.79	335.99	333.78	302.22
Selling, General & Admin	141.4	141.38	139.31	125.2	118.13	128.02
Research & Development	97.07	95.94	106.42	106.01	92.01	87.06
Operating Expenses	241.38	242.16	242.3	236.35	210.32	219.82
Operating Income	158.11	110.26	101.49	99.64	123.46	82.4
Interest Expense	-0.95	-0.57	-0.68	-0.44	-0.69	-0.3
Interest & Investment Income	15.28	19.69	17.22	5.88	3.74	6.12
Earnings From Equity Investments	23.07	21.02	18.56	27.19	24.39	16.18
Currency Exchange Gain (Loss)	-15.55	33.48	-2.52	37.35	-12.88	-12.36
Other Non Operating Income (Expenses)	1.16	2.25	-0.17	2.6	0.82	4.13
EBT Excluding Unusual Items	181.11	186.12	133.9	172.22	138.83	96.17
Gain (Loss) on Sale of Investments	2.96	2.96	61.78	-	-	-
Gain (Loss) on Sale of Assets	-0.09	1.34	-	-	-	-
Other Unusual Items	0.04	-	-	-	-	17.47
Pretax Income	184.01	190.42	195.68	172.22	138.83	113.64
Income Tax Expense	31.4	33.12	22.67	28.9	23.88	15.68
Earnings From Continuing Operations	152.61	157.31	173.01	143.32	114.96	97.96
Minority Interest in Earnings	-0.04	0.07	-0.05	0.09	-0.42	-0.21
Net Income	152.56	157.38	172.97	143.42	114.53	97.75
Net Income to Common	152.56	157.38	172.97	143.42	114.53	97.75
Net Income Growth	20.88%	-9.01%	20.60%	25.22%	17.16%	22.08%
Shares Outstanding (Basic)	47	47	47	47	47	47
Shares Outstanding (Diluted)	48	48	48	48	48	48
Shares Change (YoY)	0.10%	0.33%	-0.60%	0.24%	0.25%	-0.26%
EPS (Basic)	3.23	3.33	3.66	3.04	2.42	2.07
EPS (Diluted)	3.19	3.29	3.63	2.99	2.40	2.05
EPS Growth	20.77%	-9.37%	21.40%	24.58%	17.07%	22.75%
Free Cash Flow	158.69	75.24	127.05	169.84	19.1	149.6
Free Cash Flow Per Share	3.32	1.57	2.67	3.54	0.40	3.14
Dividend Per Share	3.060	3.060	3.290	2.830	2.240	1.500
Dividend Growth	-6.99%	-6.99%	16.25%	26.34%	49.33%	5.63%
Gross Margin	41.28%	40.15%	40.84%	41.87%	41.68%	39.06%
Operating Margin	16.34%	12.56%	12.06%	12.42%	15.42%	10.65%
Profit Margin	15.77%	17.93%	20.55%	17.87%	14.30%	12.63%
Free Cash Flow Margin	16.40%	8.57%	15.09%	21.16%	2.38%	19.34%
EBITDA	161.41	113.2	104.04	102.74	126.39	85.32
EBITDA Margin	16.68%	12.90%	12.36%	12.80%	15.78%	11.03%
D&A For EBITDA	3.3	2.93	2.55	3.11	2.92	2.93
EBIT	158.11	110.26	101.49	99.64	123.46	82.4
EBIT Margin	16.34%	12.56%	12.06%	12.42%	15.42%	10.65%
Effective Tax Rate	17.07%	17.39%	11.58%	16.78%	17.20%	13.79%

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