Taiwan Pelican Express 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	3,809	4,051	4,188	4,510	4,466
Revenue Growth (YoY)	-5.97%	-3.28%	-7.12%	0.98%	12.12%
Cost of Revenue	3,546	3,668	3,633	3,836	3,713
Gross Profit	263.02	383.24	555.43	673.63	752.94
Selling, General & Admin	411.87	421.6	448.39	469.77	469.55
Operating Expenses	413.44	423.23	448.35	469.44	468.41
Operating Income	-150.42	-40	107.08	204.19	284.53
Interest Expense	-20.59	-19.52	-19.24	-18.97	-16.08
Interest & Investment Income	34.17	36.94	29.48	21.68	16.75
Currency Exchange Gain (Loss)	0.01	-	0.1	-0.02	0.02
Other Non Operating Income (Expenses)	5.58	4.04	-0.36	9.66	9.47
EBT Excluding Unusual Items	-131.25	-18.53	117.06	216.54	294.7
Gain (Loss) on Sale of Investments	-	-	0.2	-	0.27
Gain (Loss) on Sale of Assets	0.01	0.33	-1.67	-0.72	0.11
Other Unusual Items	0.17	0.02	0	0.39	1.43
Pretax Income	-131.07	-18.18	115.59	216.21	296.52
Income Tax Expense	-31.59	-8.87	21.09	39.77	56.01
Net Income	-99.48	-9.31	94.5	176.44	240.5
Net Income to Common	-99.48	-9.31	94.5	176.44	240.5
Net Income Growth	-	-	-46.44%	-26.64%	15.06%
Shares Outstanding (Basic)	95	95	95	95	95
Shares Outstanding (Diluted)	95	95	95	96	96
Shares Change (YoY)	-	-0.03%	-0.02%	0.00%	-0.01%
EPS (Basic)	-1.04	-0.10	0.99	1.85	2.52
EPS (Diluted)	-1.04	-0.10	0.99	1.85	2.52
EPS Growth	-	-	-46.44%	-26.64%	15.06%
Free Cash Flow	230.44	106.81	236.78	415.13	351.2
Free Cash Flow Per Share	2.41	1.12	2.48	4.35	3.68
Dividend Per Share	0.500	0.500	0.800	1.500	2.100
Dividend Growth	-	-37.50%	-46.67%	-28.57%	16.67%
Gross Margin	6.91%	9.46%	13.26%	14.94%	16.86%
Operating Margin	-3.95%	-0.99%	2.56%	4.53%	6.37%
Profit Margin	-2.61%	-0.23%	2.26%	3.91%	5.38%
Free Cash Flow Margin	6.05%	2.64%	5.65%	9.21%	7.86%
EBITDA	-31.79	72.28	213.91	317.93	390.76
EBITDA Margin	-0.83%	1.78%	5.11%	7.05%	8.75%
D&A For EBITDA	118.63	112.28	106.83	113.75	106.23
EBIT	-150.42	-40	107.08	204.19	284.53
EBIT Margin	-3.95%	-0.99%	2.56%	4.53%	6.37%
Effective Tax Rate	-	-	18.25%	18.39%	18.89%

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