Wan Hai Lines 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	140,353	161,799	100,220	258,953	228,005
Revenue Growth (YoY)	-13.25%	61.44%	-61.30%	13.57%	178.46%
Cost of Revenue	100,837	105,332	101,726	132,523	93,353
Gross Profit	39,517	56,467	-1,506	126,430	134,653
Selling, General & Admin	6,475	6,930	6,182	8,240	6,661
Amortization of Goodwill & Intangibles	42.13	12.04	11.73	17.3	28.64
Operating Expenses	6,911	7,339	6,593	8,612	6,979
Operating Income	32,606	49,128	-8,099	117,818	127,673
Interest Expense	-1,882	-2,058	-1,858	-1,492	-729.91
Interest & Investment Income	6,513	6,976	6,362	2,752	401.54
Earnings From Equity Investments	576.61	590.22	372.34	320.78	196.6
Currency Exchange Gain (Loss)	-4,435	4,867	239.71	4,909	47.14
Other Non Operating Income (Expenses)	-52.17	300.28	276.84	253.59	90.72
EBT Excluding Unusual Items	33,326	59,804	-2,706	124,561	127,679
Gain (Loss) on Sale of Investments	2,920	1,180	1,018	-687.67	1,275
Gain (Loss) on Sale of Assets	608.74	1,467	1,796	105.73	240.44
Asset Writedown	-178.88	-344.26	-2,602	-	-
Pretax Income	36,675	62,106	-2,495	123,979	129,195
Income Tax Expense	5,188	14,684	3,289	30,850	25,778
Earnings From Continuing Operations	31,487	47,422	-5,783	93,129	103,417
Minority Interest in Earnings	-22.53	-13.88	-13.22	-56.78	-74.32
Net Income	31,465	47,409	-5,796	93,072	103,343
Net Income to Common	31,465	47,409	-5,796	93,072	103,343
Net Income Growth	-33.63%	-	-	-9.94%	813.17%
Shares Outstanding (Basic)	2,806	2,806	2,806	2,806	2,806
Shares Outstanding (Diluted)	2,810	2,811	2,806	2,816	2,811
Shares Change (YoY)	-0.03%	0.16%	-0.36%	0.20%	0.02%
EPS (Basic)	11.21	16.89	-2.07	33.17	36.83
EPS (Diluted)	11.20	16.87	-2.07	33.05	36.77
EPS Growth	-33.61%	-	-	-10.12%	813.29%
Free Cash Flow	9,016	33,557	-48,384	85,977	98,268
Free Cash Flow Per Share	3.21	11.94	-17.24	30.53	34.96
Dividend Per Share	-	3.500	1.500	5.000	9.130
Dividend Growth	-	133.33%	-70.00%	-45.24%	1055.02%
Gross Margin	28.16%	34.90%	-1.50%	48.82%	59.06%
Operating Margin	23.23%	30.36%	-8.08%	45.50%	56.00%
Profit Margin	22.42%	29.30%	-5.78%	35.94%	45.32%
Free Cash Flow Margin	6.42%	20.74%	-48.28%	33.20%	43.10%
EBITDA	44,497	60,472	2,350	126,442	133,887
EBITDA Margin	31.70%	37.38%	2.34%	48.83%	58.72%
D&A For EBITDA	11,891	11,344	10,449	8,624	6,214
EBIT	32,606	49,128	-8,099	117,818	127,673
EBIT Margin	23.23%	30.36%	-8.08%	45.50%	56.00%
Effective Tax Rate	14.15%	23.64%	-	24.88%	19.95%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.