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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	915.91	877.67	841.83	802.5	800.73	773.69
Revenue Growth (YoY)	13.42%	4.26%	4.90%	0.22%	3.50%	7.08%
Cost of Revenue	541.39	525.25	498.05	466.52	466.96	471.47
Gross Profit	374.51	352.42	343.79	335.99	333.78	302.22
Selling, General & Admin	142.03	141.38	139.31	125.2	118.13	128.02
Research & Development	91.49	95.94	106.42	106.01	92.01	87.06
Operating Expenses	241.22	242.16	242.3	236.35	210.32	219.82
Operating Income	133.29	110.26	101.49	99.64	123.46	82.4
Interest Expense	-0.71	-0.57	-0.68	-0.44	-0.69	-0.3
Interest & Investment Income	16.41	19.69	17.22	5.88	3.74	6.12
Earnings From Equity Investments	20.51	21.02	18.56	27.19	24.39	16.18
Currency Exchange Gain (Loss)	19.29	33.48	-2.52	37.35	-12.88	-12.36
Other Non Operating Income (Expenses)	3.09	2.25	-0.17	2.6	0.82	4.13
EBT Excluding Unusual Items	191.88	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	1.34	1.34	-	-	-	-
Other Unusual Items	-	-	-	-	-	17.47
Pretax Income	196.18	190.42	195.68	172.22	138.83	113.64
Income Tax Expense	34.61	33.12	22.67	28.9	23.88	15.68
Earnings From Continuing Operations	161.57	157.31	173.01	143.32	114.96	97.96
Minority Interest in Earnings	0.02	0.07	-0.05	0.09	-0.42	-0.21
Net Income	161.59	157.38	172.97	143.42	114.53	97.75
Net Income to Common	161.59	157.38	172.97	143.42	114.53	97.75
Net Income Growth	-7.14%	-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)	0.37%	0.33%	-0.60%	0.24%	0.25%	-0.26%
EPS (Basic)	3.42	3.33	3.66	3.04	2.42	2.07
EPS (Diluted)	3.38	3.29	3.63	2.99	2.40	2.05
EPS Growth	-7.43%	-9.37%	21.40%	24.58%	17.07%	22.75%
Free Cash Flow	109.35	75.24	127.05	169.84	19.1	149.6
Free Cash Flow Per Share	2.29	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	40.89%	40.15%	40.84%	41.87%	41.68%	39.06%
Operating Margin	14.55%	12.56%	12.06%	12.42%	15.42%	10.65%
Profit Margin	17.64%	17.93%	20.55%	17.87%	14.30%	12.63%
Free Cash Flow Margin	11.94%	8.57%	15.09%	21.16%	2.38%	19.34%
EBITDA	136.27	113.2	104.04	102.74	126.39	85.32
EBITDA Margin	14.88%	12.90%	12.36%	12.80%	15.78%	11.03%
D&A For EBITDA	2.97	2.93	2.55	3.11	2.92	2.93
EBIT	133.29	110.26	101.49	99.64	123.46	82.4
EBIT Margin	14.55%	12.56%	12.06%	12.42%	15.42%	10.65%
Effective Tax Rate	17.64%	17.39%	11.58%	16.78%	17.20%	13.79%

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