Tonlin Department Store 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	518.35	606.04	684.08	711.97	528.6
Revenue Growth (YoY)	-14.47%	-11.41%	-3.92%	34.69%	-4.66%
Cost of Revenue	61.38	175.01	284.36	360.52	206.24
Gross Profit	456.97	431.03	399.72	351.45	322.36
Selling, General & Admin	177.87	135.41	133.15	130.6	135.12
Amortization of Goodwill & Intangibles	-	1.17	1.14	1.04	0.45
Operating Expenses	177.87	193.86	190.79	187.04	191.3
Operating Income	279.11	237.17	208.93	164.41	131.05
Interest Expense	-54.12	-47.83	-46.24	-36.57	-29.69
Interest & Investment Income	6.22	5.23	8.24	7.69	7.15
Earnings From Equity Investments	7.06	5.58	5.08	4.11	3.51
Currency Exchange Gain (Loss)	-	0.44	-0.62	2.85	-0.12
Other Non Operating Income (Expenses)	28.51	20.16	17.29	17.04	10.06
EBT Excluding Unusual Items	266.77	220.74	192.69	159.53	121.97
Gain (Loss) on Sale of Investments	-	53.65	40.66	-35.1	10.44
Gain (Loss) on Sale of Assets	-	-0.16	-0.93	-9.5	-0.39
Other Unusual Items	-	-	-	-	9.81
Pretax Income	266.77	274.23	232.41	114.93	141.84
Income Tax Expense	51.69	76.29	27.5	18.53	1.15
Net Income	215.08	197.94	204.91	96.4	140.7
Net Income to Common	215.08	197.94	204.91	96.4	140.7
Net Income Growth	8.66%	-3.40%	112.57%	-31.49%	23.24%
Shares Outstanding (Basic)	175	175	175	175	175
Shares Outstanding (Diluted)	175	175	175	175	175
Shares Change (YoY)	-0.32%	0.00%	0.00%	-0.01%	0.00%
EPS (Basic)	1.23	1.13	1.17	0.55	0.80
EPS (Diluted)	1.23	1.13	1.17	0.55	0.80
EPS Growth	9.00%	-3.40%	112.57%	-31.30%	23.08%
Free Cash Flow	174.84	424.16	281.16	534.52	253.88
Free Cash Flow Per Share	1.00	2.42	1.60	3.05	1.45
Dividend Per Share	-	0.950	0.340	-	0.500
Dividend Growth	-	179.41%	-	-	-
Gross Margin	88.16%	71.12%	58.43%	49.36%	60.98%
Operating Margin	53.84%	39.13%	30.54%	23.09%	24.79%
Profit Margin	41.49%	32.66%	29.95%	13.54%	26.62%
Free Cash Flow Margin	33.73%	69.99%	41.10%	75.08%	48.03%
EBITDA	356.07	314.43	285.98	239.75	204.89
EBITDA Margin	68.69%	51.88%	41.80%	33.67%	38.76%
D&A For EBITDA	76.96	77.27	77.05	75.34	73.84
EBIT	279.11	237.17	208.93	164.41	131.05
EBIT Margin	53.84%	39.13%	30.54%	23.09%	24.79%
Effective Tax Rate	19.38%	27.82%	11.83%	16.12%	0.81%

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