Cathay Real Estate Development Co.,Ltd. (TPE:2501)

TPE:2501 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	23,834	23,859	15,481	16,792	12,476	13,974
Revenue Growth (YoY)	18.77%	54.12%	-7.81%	34.59%	-10.72%	20.21%
Cost of Revenue	17,840	18,728	11,120	13,013	9,756	10,815
Gross Profit	5,994	5,131	4,361	3,779	2,720	3,159
Selling, General & Admin	2,482	2,347	1,442	1,952	1,489	1,136
Operating Expenses	2,832	2,697	1,788	2,303	1,845	1,607
Operating Income	3,162	2,434	2,573	1,476	875.69	1,551
Interest Expense	-493.46	-493.99	-444.98	-403.45	-250.97	-219.72
Interest & Investment Income	186.48	181.3	109.59	221.74	149.87	121.01
Earnings From Equity Investments	25.84	-16.02	277.26	-20.93	-	-
Currency Exchange Gain (Loss)	-0.58	-0.58	-0.47	-0.6	-0.07	0.07
Other Non Operating Income (Expenses)	2.56	25.72	62.06	130.52	157.18	152.77
EBT Excluding Unusual Items	2,883	2,130	2,576	1,403	931.71	1,605
Gain (Loss) on Sale of Investments	-32.75	-32.75	-	21.46	-	87.42
Gain (Loss) on Sale of Assets	-25.29	-25.29	-48.72	-18.7	-2.82	-10.17
Asset Writedown	-	-	-52.09	-	-	-
Other Unusual Items	-	-	-	281.82	-	2.58
Pretax Income	2,825	2,072	2,475	1,688	928.89	1,685
Income Tax Expense	587.23	539.95	255.24	387.31	85.39	168.5
Earnings From Continuing Operations	2,238	1,532	2,220	1,300	843.5	1,517
Minority Interest in Earnings	52.23	45.17	-55.55	-92.59	4.04	-32.81
Net Income	2,290	1,577	2,164	1,208	847.54	1,484
Net Income to Common	2,290	1,577	2,164	1,208	847.54	1,484
Net Income Growth	-8.32%	-27.12%	79.21%	42.50%	-42.89%	8.28%
Shares Outstanding (Basic)	1,162	1,160	1,160	1,160	1,160	1,160
Shares Outstanding (Diluted)	1,162	1,160	1,160	1,160	1,160	1,160
Shares Change (YoY)	0.22%	-0.00%	0.01%	-	-0.00%	-0.00%
EPS (Basic)	1.97	1.36	1.87	1.04	0.73	1.28
EPS (Diluted)	1.97	1.36	1.87	1.04	0.73	1.28
EPS Growth	-8.54%	-27.14%	79.48%	42.47%	-42.96%	8.46%
Free Cash Flow	3,846	3,274	-2,233	-1,921	-4,094	850.71
Free Cash Flow Per Share	3.31	2.82	-1.93	-1.66	-3.53	0.73
Dividend Per Share	1.000	1.000	1.000	0.500	0.600	1.000
Dividend Growth	-	-	100.00%	-16.67%	-40.00%	-
Gross Margin	25.15%	21.50%	28.17%	22.50%	21.80%	22.61%
Operating Margin	13.27%	10.20%	16.62%	8.79%	7.02%	11.10%
Profit Margin	9.61%	6.61%	13.98%	7.19%	6.79%	10.62%
Free Cash Flow Margin	16.14%	13.72%	-14.43%	-11.44%	-32.81%	6.09%
EBITDA	3,890	3,144	3,225	2,260	1,469	2,097
EBITDA Margin	16.32%	13.18%	20.83%	13.46%	11.77%	15.00%
D&A For EBITDA	727.24	710.41	652.64	784.51	593.11	545.34
EBIT	3,162	2,434	2,573	1,476	875.69	1,551
EBIT Margin	13.27%	10.20%	16.62%	8.79%	7.02%	11.10%
Effective Tax Rate	20.79%	26.06%	10.31%	22.95%	9.19%	10.00%

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