Taiwan Tea 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	472.65	433.11	379.51	377	369.2
Revenue Growth (YoY)	9.13%	14.12%	0.67%	2.11%	18.42%
Cost of Revenue	290.22	271.12	241.46	212.08	251.7
Gross Profit	182.43	161.99	138.05	164.91	117.51
Selling, General & Admin	181.62	219.43	256.88	313.52	293.55
Research & Development	2.68	3.07	5.56	5.97	6.6
Other Operating Expenses	17.62	-	-	-	-
Operating Expenses	201.86	222.36	262.62	319.58	300.08
Operating Income	-19.43	-60.37	-124.58	-154.67	-182.58
Interest Expense	-128.71	-127.64	-123.43	-111.62	-82.73
Interest & Investment Income	0.5	0.41	0.43	74.83	0.03
Earnings From Equity Investments	-0.13	-0.01	-	-	-10.68
Currency Exchange Gain (Loss)	0.04	-0.05	0.09	0.03	-0.03
Other Non Operating Income (Expenses)	16.61	14.94	11.09	8.73	3.84
EBT Excluding Unusual Items	-131.12	-172.7	-236.4	-182.71	-272.14
Gain (Loss) on Sale of Investments	-	-	-	-	14.87
Gain (Loss) on Sale of Assets	13.29	12.6	36.63	696.33	122.64
Asset Writedown	-	-15.06	-92.64	-2,128	-1,013
Other Unusual Items	-	-	0.02	-	13.41
Pretax Income	-117.83	-175.16	-292.39	-1,614	-1,135
Income Tax Expense	-1.66	-0.07	-4.92	21.22	-12.28
Earnings From Continuing Operations	-116.17	-175.09	-287.47	-1,635	-1,122
Net Income	-116.17	-175.09	-287.47	-1,635	-1,122
Net Income to Common	-116.17	-175.09	-287.47	-1,635	-1,122
Shares Outstanding (Basic)	790	790	790	790	790
Shares Outstanding (Diluted)	790	790	790	790	790
EPS (Basic)	-0.15	-0.22	-0.36	-2.07	-1.42
EPS (Diluted)	-0.15	-0.22	-0.36	-2.07	-1.42
Free Cash Flow	37.32	90.06	-69.4	-266.69	-440.98
Free Cash Flow Per Share	0.05	0.11	-0.09	-0.34	-0.56
Gross Margin	38.60%	37.40%	36.38%	43.74%	31.83%
Operating Margin	-4.11%	-13.94%	-32.83%	-41.03%	-49.45%
Profit Margin	-24.58%	-40.43%	-75.75%	-433.72%	-303.99%
Free Cash Flow Margin	7.90%	20.79%	-18.29%	-70.74%	-119.44%
EBITDA	80.89	40.39	-31.98	-39.22	-81.81
EBITDA Margin	17.11%	9.32%	-8.43%	-10.40%	-22.16%
D&A For EBITDA	100.32	100.75	92.59	115.46	100.77
EBIT	-19.43	-60.37	-124.58	-154.67	-182.58
EBIT Margin	-4.11%	-13.94%	-32.83%	-41.03%	-49.45%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.