LIWANLI Innovation 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	125.54	99.16	38.89	33.99	47.81
Revenue Growth (YoY)	26.61%	154.98%	14.41%	-28.92%	-82.73%
Cost of Revenue	86.43	78.32	23.8	22.6	40.27
Gross Profit	39.11	20.83	15.08	11.39	7.54
Selling, General & Admin	101	58.62	53.39	51.45	56
Research & Development	9.81	-	0.01	0.09	0.17
Operating Expenses	109.94	58.18	54.87	51.54	56.18
Operating Income	-70.83	-37.35	-39.78	-40.15	-48.64
Interest Expense	-0.69	-0.5	-0.57	-0.31	-0.5
Interest & Investment Income	2.28	4.58	4.13	17.69	6.27
Currency Exchange Gain (Loss)	-	1.78	-0.04	0.95	2.23
Other Non Operating Income (Expenses)	227.48	14.06	16.16	12.23	11.64
EBT Excluding Unusual Items	158.25	-17.43	-20.09	-9.59	-29.01
Gain (Loss) on Sale of Investments	-	-13.48	24.01	-110.74	85.17
Gain (Loss) on Sale of Assets	-	-	0.81	0.08	1.08
Pretax Income	158.25	-30.91	4.72	-120.25	57.24
Income Tax Expense	0.1	1.17	-0.38	0.66	11.68
Net Income	158.15	-32.07	5.1	-120.91	45.56
Net Income to Common	158.15	-32.07	5.1	-120.91	45.56
Shares Outstanding (Basic)	81	81	81	81	83
Shares Outstanding (Diluted)	82	81	81	81	83
Shares Change (YoY)	1.08%	-0.00%	0.00%	-2.40%	-0.93%
EPS (Basic)	1.96	-0.40	0.06	-1.50	0.55
EPS (Diluted)	1.94	-0.40	0.06	-1.50	0.55
Free Cash Flow	-75.81	5.67	-50.34	78.48	-63.09
Free Cash Flow Per Share	-0.93	0.07	-0.62	0.97	-0.76
Gross Margin	31.15%	21.01%	38.79%	33.52%	15.77%
Operating Margin	-56.42%	-37.66%	-102.30%	-118.11%	-101.73%
Profit Margin	125.97%	-32.35%	13.12%	-355.73%	95.29%
Free Cash Flow Margin	-60.39%	5.72%	-129.46%	230.90%	-131.95%
EBITDA	-65.86	-33.91	-36	-35.7	-43.07
EBITDA Margin	-52.46%	-34.20%	-92.58%	-105.03%	-90.08%
D&A For EBITDA	4.97	3.44	3.78	4.45	5.57
EBIT	-70.83	-37.35	-39.78	-40.15	-48.64
EBIT Margin	-56.42%	-37.66%	-102.30%	-118.11%	-101.73%
Effective Tax Rate	0.07%	-	-	-	20.40%
Advertising Expenses	-	-	-	30.69	-

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