First Hotel Company 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	376.92	355.88	343.3	290.52	252.88
Revenue Growth (YoY)	5.91%	3.67%	18.16%	14.89%	-4.53%
Cost of Revenue	78.08	82.17	78.44	63.47	60.81
Gross Profit	298.84	273.71	264.86	227.05	192.07
Selling, General & Admin	23.87	30.96	28.33	26.97	23.02
Amortization of Goodwill & Intangibles	0.04	0.04	0.04	0.04	0.04
Other Operating Expenses	12.63	-	-	-	-
Operating Expenses	37.39	31.89	29.21	27.85	23.9
Operating Income	261.45	241.82	235.65	199.21	168.17
Interest Expense	-2.08	-1.93	-1.79	-0.94	-0.94
Interest & Investment Income	95.72	83.99	69.1	68.37	56.1
Earnings From Equity Investments	46.77	21.47	73.99	100.74	-130.53
Other Non Operating Income (Expenses)	-2.06	-2.14	-2.46	-2.15	-0.17
EBT Excluding Unusual Items	399.8	343.22	374.49	365.23	92.63
Gain (Loss) on Sale of Investments	0.17	0.16	0.13	0.05	0.02
Pretax Income	399.97	343.38	374.61	365.27	92.64
Income Tax Expense	74.4	65.65	73.92	63.83	14.24
Net Income	325.56	277.73	300.7	301.45	78.4
Net Income to Common	325.56	277.73	300.7	301.45	78.4
Net Income Growth	17.22%	-7.64%	-0.25%	284.48%	-51.22%
Shares Outstanding (Basic)	500	500	500	500	500
Shares Outstanding (Diluted)	500	500	500	500	500
EPS (Basic)	0.65	0.56	0.60	0.60	0.16
EPS (Diluted)	0.65	0.56	0.60	0.60	0.16
EPS Growth	17.22%	-7.64%	-0.25%	284.48%	-51.22%
Free Cash Flow	186.97	149.06	186.17	146.88	133.79
Free Cash Flow Per Share	0.37	0.30	0.37	0.29	0.27
Dividend Per Share	0.350	0.350	0.350	0.350	0.140
Dividend Growth	-	-	-	150.00%	-6.67%
Gross Margin	79.28%	76.91%	77.15%	78.15%	75.95%
Operating Margin	69.37%	67.95%	68.64%	68.57%	66.50%
Profit Margin	86.38%	78.04%	87.59%	103.76%	31.00%
Free Cash Flow Margin	49.60%	41.88%	54.23%	50.56%	52.91%
EBITDA	263.7	244.35	238.46	202.29	171.44
EBITDA Margin	69.96%	68.66%	69.46%	69.63%	67.79%
D&A For EBITDA	2.25	2.52	2.81	3.08	3.27
EBIT	261.45	241.82	235.65	199.21	168.17
EBIT Margin	69.37%	67.95%	68.64%	68.57%	66.50%
Effective Tax Rate	18.60%	19.12%	19.73%	17.47%	15.37%
Revenue as Reported	376.92	355.88	343.3	290.52	252.88

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