Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603)

TPE:2603 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	484,900	463,568	276,715	627,284	489,407	207,078
Revenue Growth (YoY)	62.43%	67.53%	-55.89%	28.17%	136.34%	8.65%
Cost of Revenue	294,452	287,463	226,806	228,841	187,412	161,591
Gross Profit	190,447	176,105	49,909	398,442	301,995	45,487
Selling, General & Admin	21,789	21,461	16,804	24,763	17,313	10,881
Other Operating Expenses	-20.49	-20.88	-20.99	-7.76	60.32	-1.91
Operating Expenses	21,745	21,425	16,793	24,757	17,371	10,873
Operating Income	168,703	154,680	33,116	373,686	284,624	34,614
Interest Expense	-5,310	-5,226	-4,949	-3,255	-3,237	-4,537
Interest & Investment Income	10,754	10,622	14,427	6,533	492.86	442.36
Earnings From Equity Investments	4,767	4,040	5,981	9,035	5,727	451.33
Currency Exchange Gain (Loss)	7,688	7,984	2,152	12,402	307.2	601.3
Other Non Operating Income (Expenses)	660.88	477.25	337.88	-137.9	55.95	135.11
EBT Excluding Unusual Items	187,262	172,577	51,065	398,262	287,970	31,708
Gain (Loss) on Sale of Investments	-773.35	-720.4	6,525	33.61	11.19	0.2
Gain (Loss) on Sale of Assets	4,923	5,265	1,633	1,122	237.55	126.68
Other Unusual Items	-128.87	3,229	4,949	6.52	15.87	5.45
Pretax Income	191,283	180,350	64,172	399,424	288,235	31,840
Income Tax Expense	37,684	36,366	24,196	53,252	25,125	3,073
Earnings From Continuing Operations	153,598	143,984	39,976	346,173	263,110	28,767
Minority Interest in Earnings	-4,169	-4,531	-4,639	-11,972	-24,095	-4,402
Net Income	149,429	139,453	35,337	334,201	239,015	24,365
Net Income to Common	149,429	139,453	35,337	334,201	239,015	24,365
Net Income Growth	213.42%	294.64%	-89.43%	39.82%	880.98%	21554.06%
Shares Outstanding (Basic)	2,158	2,150	2,116	3,839	2,098	1,925
Shares Outstanding (Diluted)	2,158	2,154	2,156	3,877	2,115	1,967
Shares Change (YoY)	0.03%	-0.09%	-44.39%	83.30%	7.52%	8.39%
EPS (Basic)	69.26	64.87	16.70	87.07	113.93	12.66
EPS (Diluted)	69.26	64.76	16.42	86.22	113.04	12.40
EPS Growth	213.05%	294.50%	-80.96%	-23.72%	811.65%	24698.59%
Free Cash Flow	199,474	170,026	-26,238	404,594	245,059	22,273
Free Cash Flow Per Share	92.44	78.95	-12.17	104.37	115.88	11.32
Dividend Per Share	32.500	32.500	9.965	70.000	45.000	6.216
Dividend Growth	226.14%	226.14%	-85.76%	55.56%	623.88%	-
Gross Margin	39.28%	37.99%	18.04%	63.52%	61.71%	21.97%
Operating Margin	34.79%	33.37%	11.97%	59.57%	58.16%	16.71%
Profit Margin	30.82%	30.08%	12.77%	53.28%	48.84%	11.77%
Free Cash Flow Margin	41.14%	36.68%	-9.48%	64.50%	50.07%	10.76%
EBITDA	194,307	178,836	52,061	388,360	295,366	43,959
EBITDA Margin	40.07%	38.58%	18.81%	61.91%	60.35%	21.23%
D&A For EBITDA	25,604	24,156	18,945	14,675	10,742	9,345
EBIT	168,703	154,680	33,116	373,686	284,624	34,614
EBIT Margin	34.79%	33.37%	11.97%	59.57%	58.16%	16.71%
Effective Tax Rate	19.70%	20.16%	37.70%	13.33%	8.72%	9.65%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.