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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	946.86	877.67	841.83	802.5	800.73	773.69
Revenue Growth (YoY)	15.95%	4.26%	4.90%	0.22%	3.50%	7.08%
Cost of Revenue	564.2	525.25	498.05	466.52	466.96	471.47
Gross Profit	382.67	352.42	343.79	335.99	333.78	302.22
Selling, General & Admin	140.51	141.38	139.31	125.2	118.13	128.02
Research & Development	93.72	95.94	106.42	106.01	92.01	87.06
Operating Expenses	239.96	242.16	242.3	236.35	210.32	219.82
Operating Income	142.7	110.26	101.49	99.64	123.46	82.4
Interest Expense	-0.85	-0.57	-0.68	-0.44	-0.69	-0.3
Interest & Investment Income	16.56	19.69	17.22	5.88	3.74	6.12
Earnings From Equity Investments	20.43	21.02	18.56	27.19	24.39	16.18
Currency Exchange Gain (Loss)	-38.03	33.48	-2.52	37.35	-12.88	-12.36
Other Non Operating Income (Expenses)	2.7	2.25	-0.17	2.6	0.82	4.13
EBT Excluding Unusual Items	143.51	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	-0.07	1.34	-	-	-	-
Other Unusual Items	0.04	-	-	-	-	17.47
Pretax Income	146.43	190.42	195.68	172.22	138.83	113.64
Income Tax Expense	22.96	33.12	22.67	28.9	23.88	15.68
Earnings From Continuing Operations	123.47	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	123.43	157.38	172.97	143.42	114.53	97.75
Net Income to Common	123.43	157.38	172.97	143.42	114.53	97.75
Net Income Growth	-8.12%	-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)	-0.02%	0.33%	-0.60%	0.24%	0.25%	-0.26%
EPS (Basic)	2.61	3.33	3.66	3.04	2.42	2.07
EPS (Diluted)	2.58	3.29	3.63	2.99	2.40	2.05
EPS Growth	-8.13%	-9.37%	21.40%	24.58%	17.07%	22.75%
Free Cash Flow	101.06	75.24	127.05	169.84	19.1	149.6
Free Cash Flow Per Share	2.12	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	40.41%	40.15%	40.84%	41.87%	41.68%	39.06%
Operating Margin	15.07%	12.56%	12.06%	12.42%	15.42%	10.65%
Profit Margin	13.04%	17.93%	20.55%	17.87%	14.30%	12.63%
Free Cash Flow Margin	10.67%	8.57%	15.09%	21.16%	2.38%	19.34%
EBITDA	145.76	113.2	104.04	102.74	126.39	85.32
EBITDA Margin	15.39%	12.90%	12.36%	12.80%	15.78%	11.03%
D&A For EBITDA	3.05	2.93	2.55	3.11	2.92	2.93
EBIT	142.7	110.26	101.49	99.64	123.46	82.4
EBIT Margin	15.07%	12.56%	12.06%	12.42%	15.42%	10.65%
Effective Tax Rate	15.68%	17.39%	11.58%	16.78%	17.20%	13.79%

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