ACES Electronics 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
Operating Revenue	10,345	9,373	8,188	10,048	10,251	7,849
Other Revenue	492.22	398.36	298.06	344.92	325.06	213.55
Revenue	10,837	9,771	8,486	10,393	10,576	8,063
Revenue Growth (YoY)	17.10%	15.14%	-18.34%	-1.73%	31.17%	10.27%
Cost of Revenue	8,065	7,449	6,734	8,160	8,147	6,227
Gross Profit	2,772	2,322	1,752	2,233	2,429	1,836
Selling, General & Admin	1,552	1,454	1,462	1,602	1,441	1,125
Research & Development	614.45	592.52	621.27	573.94	481.41	364.66
Operating Expenses	2,197	2,043	2,083	2,176	1,915	1,487
Operating Income	574.34	278.48	-330.73	56.75	514	348.54
Interest Expense	-80.54	-103.54	-108.73	-85.07	-45.81	-34.83
Interest & Investment Income	30.73	41.9	49.73	27.21	23.77	14.82
Earnings From Equity Investments	-47.97	-7.63	-10.65	10.1	31.26	72.8
Currency Exchange Gain (Loss)	38.42	108.49	31.63	227.55	-43.54	-144.18
Other Non Operating Income (Expenses)	-4.35	41.69	98.5	132.12	69.35	62.56
EBT Excluding Unusual Items	510.63	359.39	-270.25	368.66	549.03	319.7
Gain (Loss) on Sale of Investments	301.8	21.11	3.5	-32.74	39.47	-4.5
Gain (Loss) on Sale of Assets	-5.61	-0.79	-9.01	-15.9	-1.46	6.81
Asset Writedown	7.8	7.51	6.07	-4.96	1.88	1.42
Pretax Income	814.63	387.21	-269.69	315.06	588.91	323.42
Income Tax Expense	142.75	42.86	-1.5	91.73	80.74	63.48
Earnings From Continuing Operations	671.88	344.36	-268.19	223.33	508.17	259.95
Minority Interest in Earnings	-0.17	-0.3	1.65	1.99	2.68	16.43
Net Income	671.71	344.06	-266.54	225.32	510.86	276.37
Net Income to Common	671.71	344.06	-266.54	225.32	510.86	276.37
Net Income Growth	522.92%	-	-	-55.89%	84.84%	-11.28%
Shares Outstanding (Basic)	149	137	134	134	123	122
Shares Outstanding (Diluted)	156	156	134	148	136	123
Shares Change (YoY)	-1.61%	15.69%	-9.12%	8.96%	9.98%	0.01%
EPS (Basic)	4.52	2.51	-1.98	1.68	4.16	2.26
EPS (Diluted)	4.39	2.34	-1.98	1.64	3.78	2.24
EPS Growth	461.70%	-	-	-56.59%	68.59%	-11.11%
Free Cash Flow	11.86	-233.8	-223.94	66.75	-250.7	222.03
Free Cash Flow Per Share	0.08	-1.50	-1.67	0.45	-1.85	1.80
Dividend Per Share	0.721	0.721	-	0.550	1.500	0.700
Dividend Growth	-	-	-	-63.33%	114.29%	-6.67%
Gross Margin	25.58%	23.76%	20.64%	21.49%	22.97%	22.77%
Operating Margin	5.30%	2.85%	-3.90%	0.55%	4.86%	4.32%
Profit Margin	6.20%	3.52%	-3.14%	2.17%	4.83%	3.43%
Free Cash Flow Margin	0.11%	-2.39%	-2.64%	0.64%	-2.37%	2.75%
EBITDA	1,181	913.84	272.43	648.51	1,006	729.95
EBITDA Margin	10.90%	9.35%	3.21%	6.24%	9.51%	9.05%
D&A For EBITDA	606.33	635.36	603.16	591.77	492.01	381.41
EBIT	574.34	278.48	-330.73	56.75	514	348.54
EBIT Margin	5.30%	2.85%	-3.90%	0.55%	4.86%	4.32%
Effective Tax Rate	17.52%	11.07%	-	29.12%	13.71%	19.63%
Revenue as Reported	10,837	9,771	8,486	10,393	10,576	8,063

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