Holy Stone Enterprise Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	13,303	12,786	13,240	15,071	16,602	14,830	Upgrade
Revenue Growth (YoY)	6.30%	-3.43%	-12.15%	-9.22%	11.95%	1.57%	Upgrade
Cost of Revenue	10,883	10,697	10,949	11,936	12,927	11,749	Upgrade
Gross Profit	2,419	2,089	2,292	3,135	3,675	3,082	Upgrade
Selling, General & Admin	1,134	1,125	1,112	1,338	1,294	1,264	Upgrade
Research & Development	289.92	346.7	462.83	349.92	364.49	309.7	Upgrade
Operating Expenses	1,424	1,471	1,575	1,688	1,659	1,573	Upgrade
Operating Income	995.39	617.62	717.07	1,447	2,016	1,508	Upgrade
Interest Expense	-95.35	-70.21	-65.8	-32.79	-12.89	-18.29	Upgrade
Interest & Investment Income	49.53	45.79	35.07	20.98	15.28	17.46	Upgrade
Earnings From Equity Investments	16.1	19.71	10.08	45.37	50.66	24.19	Upgrade
Currency Exchange Gain (Loss)	-46.9	54.28	14.58	90.48	-37.26	-32.16	Upgrade
Other Non Operating Income (Expenses)	61.07	23.66	12.71	22.68	14.19	23.87	Upgrade
EBT Excluding Unusual Items	979.85	690.84	723.7	1,594	2,046	1,524	Upgrade
Gain (Loss) on Sale of Investments	116.38	163.85	107.67	-87.3	27.34	66.66	Upgrade
Gain (Loss) on Sale of Assets	6.32	245.23	7.03	-	-	-	Upgrade
Other Unusual Items	3.13	3.13	-5.56	-35.5	-4.9	1.4	Upgrade
Pretax Income	1,106	1,103	832.84	1,471	2,069	1,592	Upgrade
Income Tax Expense	152.32	176.69	174.38	342.62	232.38	361.8	Upgrade
Earnings From Continuing Operations	953.35	926.36	658.46	1,129	1,837	1,230	Upgrade
Minority Interest in Earnings	63.03	46.92	192.04	102.7	115.91	82.56	Upgrade
Net Income	1,016	973.27	850.5	1,231	1,952	1,312	Upgrade
Net Income to Common	1,016	973.27	850.5	1,231	1,952	1,312	Upgrade
Net Income Growth	24.16%	14.44%	-30.93%	-36.93%	48.77%	65.53%	Upgrade
Shares Outstanding (Basic)	166	166	166	166	166	166	Upgrade
Shares Outstanding (Diluted)	168	168	167	169	169	168	Upgrade
Shares Change (YoY)	0.22%	0.14%	-0.63%	-0.01%	0.34%	0.12%	Upgrade
EPS (Basic)	6.13	5.87	5.13	7.42	11.77	7.91	Upgrade
EPS (Diluted)	6.06	5.80	5.08	7.31	11.58	7.81	Upgrade
EPS Growth	23.93%	14.17%	-30.51%	-36.88%	48.29%	65.32%	Upgrade
Free Cash Flow	697.37	1,156	965.35	58.29	120.58	212.53	Upgrade
Free Cash Flow Per Share	4.16	6.90	5.76	0.35	0.72	1.26	Upgrade
Dividend Per Share	5.500	5.500	5.000	4.762	8.571	7.619	Upgrade
Dividend Growth	10.00%	10.00%	5.00%	-44.44%	12.50%	-	Upgrade
Gross Margin	18.19%	16.34%	17.31%	20.80%	22.14%	20.78%	Upgrade
Operating Margin	7.48%	4.83%	5.42%	9.60%	12.15%	10.17%	Upgrade
Profit Margin	7.64%	7.61%	6.42%	8.17%	11.76%	8.85%	Upgrade
Free Cash Flow Margin	5.24%	9.04%	7.29%	0.39%	0.73%	1.43%	Upgrade
EBITDA	1,690	1,319	1,403	2,043	2,532	2,006	Upgrade
EBITDA Margin	12.71%	10.32%	10.60%	13.55%	15.25%	13.53%	Upgrade
D&A For EBITDA	695.1	701.41	686.29	595.17	516.01	497.44	Upgrade
EBIT	995.39	617.62	717.07	1,447	2,016	1,508	Upgrade
EBIT Margin	7.48%	4.83%	5.42%	9.60%	12.15%	10.17%	Upgrade
Effective Tax Rate	13.78%	16.02%	20.94%	23.29%	11.23%	22.73%	Upgrade

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