Cheer Time Enterprise 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	1,041	918.4	928.14	819.59	440.44
Revenue Growth (YoY)	13.30%	-1.05%	13.25%	86.08%	12.68%
Cost of Revenue	973.29	852.95	878.02	781.03	397.34
Gross Profit	67.29	65.45	50.12	38.55	43.1
Selling, General & Admin	67.02	69.89	80.55	85.79	76.56
Research & Development	1.65	1.37	1.91	3.01	-
Operating Expenses	69.27	71.15	81.31	87.12	103.18
Operating Income	-1.98	-5.7	-31.19	-48.57	-60.08
Interest Expense	-1.99	-2.98	-3.46	-4.17	-2.38
Interest & Investment Income	3.51	5.55	6.58	3.88	0.28
Earnings From Equity Investments	-	-	-	-	-0.49
Currency Exchange Gain (Loss)	-	16.04	1.38	15.24	-5.48
Other Non Operating Income (Expenses)	-26.87	5.12	3.54	3.96	2.92
EBT Excluding Unusual Items	-27.34	18.02	-23.16	-29.66	-65.23
Gain (Loss) on Sale of Investments	-	4.06	-2.82	-7.02	-1.82
Gain (Loss) on Sale of Assets	-	-4.19	2.8	-0.05	28.14
Asset Writedown	-	-8.29	-	-	-28.63
Other Unusual Items	-	-	0.06	-	0.11
Pretax Income	-27.34	9.61	-23.12	-36.73	-67.43
Income Tax Expense	0.45	0.87	2.24	-3.76	-2.37
Earnings From Continuing Operations	-27.79	8.73	-25.37	-32.97	-65.06
Minority Interest in Earnings	-	-	0.22	-5.06	9.66
Net Income	-27.79	8.73	-25.15	-38.03	-55.4
Net Income to Common	-27.79	8.73	-25.15	-38.03	-55.4
Shares Outstanding (Basic)	65	64	64	57	32
Shares Outstanding (Diluted)	65	64	64	57	32
Shares Change (YoY)	0.56%	-	12.08%	77.72%	-
EPS (Basic)	-0.43	0.14	-0.39	-0.66	-1.72
EPS (Diluted)	-0.43	0.14	-0.39	-0.66	-1.72
Free Cash Flow	-15.1	58.69	-33.57	40.12	-9.2
Free Cash Flow Per Share	-0.23	0.91	-0.52	0.70	-0.28
Gross Margin	6.47%	7.13%	5.40%	4.70%	9.79%
Operating Margin	-0.19%	-0.62%	-3.36%	-5.93%	-13.64%
Profit Margin	-2.67%	0.95%	-2.71%	-4.64%	-12.58%
Free Cash Flow Margin	-1.45%	6.39%	-3.62%	4.90%	-2.09%
EBITDA	24.31	13.02	-3.11	-20.37	-28.43
EBITDA Margin	2.34%	1.42%	-0.34%	-2.49%	-6.45%
D&A For EBITDA	26.29	18.72	28.08	28.2	31.66
EBIT	-1.98	-5.7	-31.19	-48.57	-60.08
EBIT Margin	-0.19%	-0.62%	-3.36%	-5.93%	-13.64%
Effective Tax Rate	-	9.07%	-	-	-

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