Mercuries & Associates Holding, Ltd. (TPE:2905)

TPE:2905 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	68,792	71,028	73,980	79,855	94,098	107,018
Total Interest & Dividend Income	38,033	38,360	37,091	36,625	32,204	33,649
Gain (Loss) on Sale of Investments	5,626	-27,071	-10,543	-62,657	20,302	27,094
Non-Insurance Activities Revenue	33,951	32,954	30,647	29,424	28,711	28,922
Other Revenue	4,203	4,276	3,583	3,533	3,535	2,389
Total Revenue	150,486	119,548	134,758	86,780	178,849	199,072
Revenue Growth (YoY)	-1.18%	-11.29%	55.29%	-51.48%	-10.16%	-0.18%
Policy Benefits	62,795	107,309	109,544	113,536	123,650	133,070
Policy Acquisition & Underwriting Costs	5,805	5,824	5,792	5,639	6,032	7,255
Selling, General & Administrative	14,956	14,441	13,644	13,148	12,782	12,325
Provision for Bad Debts	157.55	134.36	-77.39	798.9	-72.92	-443.33
Non-Insurance Activities Expense	23,287	22,418	20,722	20,176	19,898	19,279
Other Operating Expenses	959.91	786.21	644.88	585.08	611.35	1,202
Total Operating Expenses	107,961	150,913	150,270	153,883	162,900	172,686
Operating Income	42,524	-31,365	-15,512	-67,103	15,949	26,386
Interest Expense	-291.6	-255.08	-251.55	-149.1	-110.32	-113.78
Currency Exchange Gain (Loss)	-41,604	33,134	4,028	53,542	-15,299	-23,080
Other Non Operating Income (Expenses)	22.64	22.64	-	-	-	-
EBT Excluding Unusual Items	614.67	1,536	-11,736	-13,710	540.2	3,191
Gain (Loss) on Sale of Assets	117.25	119.35	-8.03	-21.29	108.06	-10.8
Asset Writedown	-276.33	-276.33	-0.85	-2.02	-2.04	-8.57
Pretax Income	455.59	1,379	-11,745	-13,733	646.22	3,172
Income Tax Expense	-541.98	-2,139	-3,227	-1,142	-1,966	649.51
Earnings From Continuing Ops.	997.57	3,518	-8,517	-12,591	2,612	2,522
Minority Interest in Earnings	-599.8	-2,001	5,643	7,501	-721.73	-1,125
Net Income	397.77	1,518	-2,874	-5,090	1,890	1,398
Net Income to Common	397.77	1,518	-2,874	-5,090	1,890	1,398
Net Income Growth	-	-	-	-	35.24%	-59.51%
Shares Outstanding (Basic)	1,061	1,066	929	922	871	866
Shares Outstanding (Diluted)	1,075	1,080	929	922	978	867
Shares Change (YoY)	0.82%	16.26%	0.69%	-5.68%	12.81%	-0.06%
EPS (Basic)	0.37	1.42	-3.09	-5.52	2.17	1.61
EPS (Diluted)	0.37	1.41	-3.09	-5.52	1.95	1.61
EPS Growth	-	-	-	-	20.64%	-59.45%
Free Cash Flow	29,237	-40,657	-39,791	-67,299	61,477	82,241
Free Cash Flow Per Share	27.20	-37.65	-42.84	-72.95	62.86	94.86
Dividend Per Share	-	-	0.200	-	0.990	0.990
Dividend Growth	-	-	-	-	-	10.00%
Operating Margin	28.26%	-26.24%	-11.51%	-77.33%	8.92%	13.25%
Profit Margin	0.26%	1.27%	-2.13%	-5.87%	1.06%	0.70%
Free Cash Flow Margin	19.43%	-34.01%	-29.53%	-77.55%	34.37%	41.31%
EBITDA	43,769	-30,189	-14,427	-66,047	16,991	27,499
EBITDA Margin	29.09%	-25.25%	-10.71%	-76.11%	9.50%	13.81%
D&A For EBITDA	1,245	1,176	1,085	1,056	1,042	1,113
EBIT	42,524	-31,365	-15,512	-67,103	15,949	26,386
EBIT Margin	28.26%	-26.24%	-11.51%	-77.33%	8.92%	13.25%
Effective Tax Rate	-	-	-	-	-	20.48%
Revenue as Reported	192,495	202,518	166,301	209,001	188,373	210,659

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