CTBC Financial Holding Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Premiums & Annuity Revenue	160,413	158,856	139,339	131,400	129,986	144,210
Total Interest & Dividend Income	257,823	253,717	244,637	222,063	160,825	124,148
Gain (Loss) on Sale of Investments	68,918	67,531	12,287	47,297	-71,671	57,319
Other Revenue	96,134	89,541	57,652	24,769	63,770	57,968
Total Revenue	583,288	569,645	453,915	425,528	282,910	383,645
Revenue Growth (YoY)	39.18%	25.50%	6.67%	50.41%	-26.26%	-9.59%
Policy Benefits	179,723	179,396	176,674	166,576	189,044	178,838
Depreciation & Amortization	8,334	8,242	8,063	7,865	7,633	7,161
Selling, General & Administrative	29,629	29,132	26,006	26,036	19,377	22,291
Provision for Bad Debts	13,066	13,318	12,115	9,674	8,986	7,714
Other Operating Expenses	42,867	42,503	31,137	23,554	1,356	33,728
Total Operating Expenses	332,970	330,440	305,543	280,346	266,234	288,777
Operating Income	250,318	239,205	148,372	145,183	16,676	94,868
Interest Expense	-102,933	-104,858	-110,550	-88,320	-32,701	-14,691
Currency Exchange Gain (Loss)	-42,383	-42,723	50,304	10,113	63,083	-18,136
Other Non Operating Income (Expenses)	306.89	306.89	-	-	-	-
EBT Excluding Unusual Items	105,309	91,930	88,126	66,975	47,058	62,041
Gain (Loss) on Sale of Investments	499.48	499.48	17.29	-	-	-
Gain (Loss) on Sale of Assets	-35.88	-35.88	-	-	-	-
Asset Writedown	-175.62	-173.27	-54.03	-40.88	-9.1	3.45
Pretax Income	105,597	92,220	88,090	66,934	47,049	62,044
Income Tax Expense	10,126	9,891	14,726	9,360	14,436	8,046
Earnings From Continuing Ops.	95,470	82,329	73,364	57,574	32,613	53,998
Minority Interest in Earnings	-1,794	-1,710	-1,336	-1,493	-1,334	206.75
Net Income	93,677	80,619	72,028	56,081	31,279	54,205
Preferred Dividends & Other Adjustments	2,325	1,073	1,070	1,070	1,070	1,070
Net Income to Common	91,351	79,546	70,958	55,011	30,209	53,135
Net Income Growth	53.18%	11.93%	28.43%	79.29%	-42.30%	26.49%
Shares Outstanding (Basic)	19,501	19,500	19,498	19,497	19,497	19,497
Shares Outstanding (Diluted)	19,606	19,597	19,568	19,528	19,499	19,497
Shares Change (YoY)	0.17%	0.15%	0.21%	0.15%	0.01%	-
EPS (Basic)	4.68	4.08	3.64	2.82	1.55	2.73
EPS (Diluted)	4.66	4.06	3.63	2.82	1.55	2.73
EPS Growth	51.77%	11.85%	28.72%	82.00%	-43.15%	26.92%
Free Cash Flow	73,430	1,822	-68,206	-19,445	92,456	-35,720
Free Cash Flow Per Share	3.75	0.09	-3.49	-1.00	4.74	-1.83
Dividend Per Share	2.500	2.500	2.300	1.800	1.000	1.250
Dividend Growth	8.68%	8.68%	27.80%	80.00%	-20.00%	19.05%
Operating Margin	42.91%	41.99%	32.69%	34.12%	5.89%	24.73%
Profit Margin	15.66%	13.96%	15.63%	12.93%	10.68%	13.85%
Free Cash Flow Margin	12.59%	0.32%	-15.03%	-4.57%	32.68%	-9.31%
EBITDA	255,012	243,796	152,236	148,891	19,687	97,007
EBITDA Margin	43.72%	42.80%	33.54%	34.99%	6.96%	25.29%
D&A For EBITDA	4,694	4,591	3,864	3,709	3,011	2,138
EBIT	250,318	239,205	148,372	145,183	16,676	94,868
EBIT Margin	42.91%	41.99%	32.69%	34.12%	5.89%	24.73%
Effective Tax Rate	9.59%	10.73%	16.72%	13.98%	30.68%	12.97%