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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	69,635	71,028	73,980	79,855	94,098	107,018
Total Interest & Dividend Income	38,516	38,360	37,091	36,625	32,204	33,649
Gain (Loss) on Sale of Investments	7,026	-27,071	-10,543	-62,657	20,302	27,094
Non-Insurance Activities Revenue	34,138	32,954	30,647	29,424	28,711	28,922
Other Revenue	14,654	4,276	3,583	3,533	3,535	2,389
Total Revenue	163,973	119,548	134,758	86,780	178,849	199,072
Revenue Growth (YoY)	31.17%	-11.29%	55.29%	-51.48%	-10.16%	-0.18%
Policy Benefits	63,721	107,309	109,544	113,536	123,650	133,070
Policy Acquisition & Underwriting Costs	5,957	5,824	5,792	5,639	6,032	7,255
Selling, General & Administrative	14,793	14,441	13,644	13,148	12,782	12,325
Provision for Bad Debts	159.7	134.36	-77.39	798.9	-72.92	-443.33
Non-Insurance Activities Expense	23,478	22,418	20,722	20,176	19,898	19,279
Other Operating Expenses	907.65	786.21	644.88	585.08	611.35	1,202
Total Operating Expenses	109,016	150,913	150,270	153,883	162,900	172,686
Operating Income	54,957	-31,365	-15,512	-67,103	15,949	26,386
Interest Expense	-283.81	-255.08	-251.55	-149.1	-110.32	-113.78
Currency Exchange Gain (Loss)	-59,555	33,134	4,028	53,542	-15,299	-23,080
Other Non Operating Income (Expenses)	45.29	22.64	-	-	-	-
EBT Excluding Unusual Items	-4,854	1,536	-11,736	-13,710	540.2	3,191
Gain (Loss) on Sale of Assets	117.01	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	-5,048	1,379	-11,745	-13,733	646.22	3,172
Income Tax Expense	-1,377	-2,139	-3,227	-1,142	-1,966	649.51
Earnings From Continuing Ops.	-3,671	3,518	-8,517	-12,591	2,612	2,522
Minority Interest in Earnings	2,444	-2,001	5,643	7,501	-721.73	-1,125
Net Income	-1,226	1,518	-2,874	-5,090	1,890	1,398
Net Income to Common	-1,226	1,518	-2,874	-5,090	1,890	1,398
Net Income Growth	-	-	-	-	35.24%	-59.51%
Shares Outstanding (Basic)	1,071	1,066	929	922	871	866
Shares Outstanding (Diluted)	1,071	1,080	929	922	978	867
Shares Change (YoY)	-1.36%	16.26%	0.69%	-5.68%	12.81%	-0.06%
EPS (Basic)	-1.15	1.42	-3.09	-5.52	2.17	1.61
EPS (Diluted)	-1.15	1.41	-3.09	-5.52	1.95	1.61
EPS Growth	-	-	-	-	20.64%	-59.45%
Free Cash Flow	-58,004	-40,657	-39,791	-67,299	61,477	82,241
Free Cash Flow Per Share	-54.18	-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	33.52%	-26.24%	-11.51%	-77.33%	8.92%	13.25%
Profit Margin	-0.75%	1.27%	-2.13%	-5.87%	1.06%	0.70%
Free Cash Flow Margin	-35.37%	-34.01%	-29.53%	-77.55%	34.37%	41.31%
EBITDA	56,938	-30,189	-14,427	-66,047	16,991	27,499
EBITDA Margin	34.72%	-25.25%	-10.71%	-76.11%	9.50%	13.81%
D&A For EBITDA	1,981	1,176	1,085	1,056	1,042	1,113
EBIT	54,957	-31,365	-15,512	-67,103	15,949	26,386
EBIT Margin	33.52%	-26.24%	-11.51%	-77.33%	8.92%	13.25%
Effective Tax Rate	-	-	-	-	-	20.48%
Revenue as Reported	209,430	202,518	166,301	209,001	188,373	210,659

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