LIWANLI Innovation 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
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
Revenue	118.93	99.16	38.89	33.99	47.81	276.88
Revenue Growth (YoY)	23.96%	154.98%	14.41%	-28.92%	-82.73%	113.34%
Cost of Revenue	89.6	78.32	23.8	22.6	40.27	301.99
Gross Profit	29.34	20.83	15.08	11.39	7.54	-25.11
Selling, General & Admin	62.37	58.62	53.39	51.45	56	78.28
Research & Development	4.38	-	0.01	0.09	0.17	4.29
Operating Expenses	65.83	58.18	54.87	51.54	56.18	78.1
Operating Income	-36.49	-37.35	-39.78	-40.15	-48.64	-103.21
Interest Expense	-0.53	-0.5	-0.57	-0.31	-0.5	-1.27
Interest & Investment Income	6.19	4.58	4.13	17.69	6.27	3.37
Currency Exchange Gain (Loss)	1.79	1.78	-0.04	0.95	2.23	-2.39
Other Non Operating Income (Expenses)	13.25	14.06	16.16	12.23	11.64	12.97
EBT Excluding Unusual Items	-15.79	-17.43	-20.09	-9.59	-29.01	-90.53
Gain (Loss) on Sale of Investments	66.96	-13.48	24.01	-110.74	85.17	30.47
Gain (Loss) on Sale of Assets	-	-	0.81	0.08	1.08	46.35
Other Unusual Items	-	-	-	-	-	0.01
Pretax Income	51.17	-30.91	4.72	-120.25	57.24	-13.7
Income Tax Expense	0.82	1.17	-0.38	0.66	11.68	-0.09
Net Income	50.35	-32.07	5.1	-120.91	45.56	-13.61
Net Income to Common	50.35	-32.07	5.1	-120.91	45.56	-13.61
Shares Outstanding (Basic)	81	81	81	81	83	83
Shares Outstanding (Diluted)	81	81	81	81	83	83
Shares Change (YoY)	0.11%	-0.00%	0.00%	-2.40%	-0.93%	-0.01%
EPS (Basic)	0.62	-0.40	0.06	-1.50	0.55	-0.16
EPS (Diluted)	0.62	-0.40	0.06	-1.50	0.55	-0.16
Free Cash Flow	-45.49	5.67	-50.34	78.48	-63.09	-37.46
Free Cash Flow Per Share	-0.56	0.07	-0.62	0.97	-0.76	-0.45
Gross Margin	24.67%	21.01%	38.79%	33.52%	15.77%	-9.07%
Operating Margin	-30.68%	-37.66%	-102.30%	-118.11%	-101.73%	-37.28%
Profit Margin	42.33%	-32.35%	13.12%	-355.73%	95.29%	-4.92%
Free Cash Flow Margin	-38.25%	5.72%	-129.46%	230.90%	-131.95%	-13.53%
EBITDA	-32.42	-33.91	-36	-35.7	-43.07	-94.34
EBITDA Margin	-27.26%	-34.20%	-92.58%	-105.03%	-90.08%	-34.07%
D&A For EBITDA	4.07	3.44	3.78	4.45	5.57	8.87
EBIT	-36.49	-37.35	-39.78	-40.15	-48.64	-103.21
EBIT Margin	-30.68%	-37.66%	-102.30%	-118.11%	-101.73%	-37.28%
Effective Tax Rate	1.61%	-	-	-	20.40%	-
Advertising Expenses	-	-	-	30.69	-	-

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