Test Research 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	8,467	6,356	4,435	6,709	5,607
Revenue Growth (YoY)	33.22%	43.31%	-33.89%	19.66%	13.25%
Cost of Revenue	3,527	2,572	1,804	2,860	2,559
Gross Profit	4,941	3,784	2,631	3,849	3,048
Selling, General & Admin	1,303	1,175	1,000	1,154	995.24
Research & Development	640.19	573	428.17	534.9	497.04
Operating Expenses	1,949	1,755	1,422	1,695	1,490
Operating Income	2,992	2,029	1,208	2,153	1,558
Interest Expense	-2.47	-2.83	-2.75	-2.33	-1.55
Interest & Investment Income	14.94	15.66	14.28	9.08	8.07
Earnings From Equity Investments	-17.04	-13.04	-	-	-
Currency Exchange Gain (Loss)	-46.91	120.01	12.83	264.14	-37.35
Other Non Operating Income (Expenses)	24.56	12.99	8.84	21.78	25.99
EBT Excluding Unusual Items	2,965	2,162	1,242	2,446	1,553
Gain (Loss) on Sale of Assets	31.16	15.56	13.68	7.7	4.24
Pretax Income	2,996	2,178	1,255	2,454	1,558
Income Tax Expense	517.8	341.15	253.98	532.36	372.45
Net Income	2,479	1,837	1,001	1,921	1,185
Net Income to Common	2,479	1,837	1,001	1,921	1,185
Net Income Growth	34.96%	83.43%	-47.89%	62.14%	8.46%
Shares Outstanding (Basic)	236	236	236	236	236
Shares Outstanding (Diluted)	237	237	237	237	237
Shares Change (YoY)	-0.02%	-0.03%	-0.10%	0.08%	0.01%
EPS (Basic)	10.49	7.78	4.24	8.13	5.02
EPS (Diluted)	10.48	7.76	4.23	8.11	5.01
EPS Growth	35.05%	83.45%	-47.84%	61.88%	8.44%
Free Cash Flow	1,441	788.51	1,022	799.67	452.91
Free Cash Flow Per Share	6.09	3.33	4.32	3.38	1.91
Dividend Per Share	7.000	5.000	3.300	4.500	3.300
Dividend Growth	40.00%	51.52%	-26.67%	36.36%	-
Gross Margin	58.35%	59.54%	59.31%	57.37%	54.36%
Operating Margin	35.34%	31.93%	27.25%	32.10%	27.79%
Profit Margin	29.27%	28.90%	22.58%	28.64%	21.14%
Free Cash Flow Margin	17.02%	12.41%	23.04%	11.92%	8.08%
EBITDA	3,158	2,186	1,319	2,262	1,669
EBITDA Margin	37.30%	34.40%	29.75%	33.72%	29.76%
D&A For EBITDA	165.83	156.87	111.09	108.89	110.59
EBIT	2,992	2,029	1,208	2,153	1,558
EBIT Margin	35.34%	31.93%	27.25%	32.10%	27.79%
Effective Tax Rate	17.28%	15.67%	20.23%	21.70%	23.91%

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