Ares International 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	1,000	877.67	841.83	802.5	800.73
Revenue Growth (YoY)	13.95%	4.26%	4.90%	0.22%	3.50%
Cost of Revenue	566.03	525.25	498.05	466.52	466.96
Gross Profit	434.11	352.42	343.79	335.99	333.78
Selling, General & Admin	147.86	141.38	139.31	125.2	118.13
Research & Development	110.32	95.94	106.42	106.01	92.01
Operating Expenses	254.8	242.16	242.3	236.35	210.32
Operating Income	179.31	110.26	101.49	99.64	123.46
Interest Expense	-1.03	-0.57	-0.68	-0.44	-0.69
Interest & Investment Income	14.61	19.69	17.22	5.88	3.74
Earnings From Equity Investments	24.36	21.02	18.56	27.19	24.39
Currency Exchange Gain (Loss)	-14.1	33.48	-2.52	37.35	-12.88
Other Non Operating Income (Expenses)	0.62	2.25	-0.17	2.6	0.82
EBT Excluding Unusual Items	203.78	186.12	133.9	172.22	138.83
Gain (Loss) on Sale of Investments	-	2.96	61.78	-	-
Gain (Loss) on Sale of Assets	-0.16	1.34	-	-	-
Other Unusual Items	0.04	-	-	-	-
Pretax Income	203.65	190.42	195.68	172.22	138.83
Income Tax Expense	31.92	33.12	22.67	28.9	23.88
Earnings From Continuing Operations	171.74	157.31	173.01	143.32	114.96
Minority Interest in Earnings	0.02	0.07	-0.05	0.09	-0.42
Net Income	171.75	157.38	172.97	143.42	114.53
Net Income to Common	171.75	157.38	172.97	143.42	114.53
Net Income Growth	9.13%	-9.01%	20.60%	25.22%	17.16%
Shares Outstanding (Basic)	47	47	47	47	47
Shares Outstanding (Diluted)	48	48	48	48	48
Shares Change (YoY)	0.23%	0.33%	-0.60%	0.24%	0.25%
EPS (Basic)	3.63	3.33	3.66	3.04	2.42
EPS (Diluted)	3.58	3.29	3.63	2.99	2.40
EPS Growth	8.82%	-9.37%	21.40%	24.58%	17.07%
Free Cash Flow	229.69	75.24	127.05	169.84	19.1
Free Cash Flow Per Share	4.79	1.57	2.67	3.54	0.40
Dividend Per Share	3.310	3.060	3.290	2.830	2.240
Dividend Growth	8.17%	-6.99%	16.25%	26.34%	49.33%
Gross Margin	43.41%	40.15%	40.84%	41.87%	41.68%
Operating Margin	17.93%	12.56%	12.06%	12.42%	15.42%
Profit Margin	17.17%	17.93%	20.55%	17.87%	14.30%
Free Cash Flow Margin	22.97%	8.57%	15.09%	21.16%	2.38%
EBITDA	182.96	113.2	104.04	102.74	126.39
EBITDA Margin	18.29%	12.90%	12.36%	12.80%	15.78%
D&A For EBITDA	3.65	2.93	2.55	3.11	2.92
EBIT	179.31	110.26	101.49	99.64	123.46
EBIT Margin	17.93%	12.56%	12.06%	12.42%	15.42%
Effective Tax Rate	15.67%	17.39%	11.58%	16.78%	17.20%

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