Wellell Inc. (TPE:4106)

Wellell Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,296	2,387	2,647	2,664	2,374	2,004
Revenue Growth (YoY)	-11.48%	-9.84%	-0.62%	12.20%	18.46%	-1.58%
Cost of Revenue	1,240	1,312	1,509	1,597	1,387	1,156
Gross Profit	1,057	1,075	1,138	1,067	986.95	847.63
Selling, General & Admin	767.53	764.88	778.5	726.38	732.2	582.99
Research & Development	160.88	163.53	165.76	154.28	150.75	167.83
Operating Expenses	947.2	943.14	944.1	881.85	882.63	748.7
Operating Income	109.34	131.71	194.22	184.94	104.32	98.94
Interest Expense	-12	-12.95	-14.18	-10.18	-7.67	-9.28
Interest & Investment Income	10.03	9.29	6.21	3.1	2.86	2.83
Earnings From Equity Investments	-0.96	-1.16	-0.32	-	-	13.33
Currency Exchange Gain (Loss)	0.67	-1.86	2.57	-6.11	-0.65	-0.82
Other Non Operating Income (Expenses)	23.62	23.68	34.23	28.91	30.32	19.17
EBT Excluding Unusual Items	130.7	148.7	222.72	200.66	129.18	124.16
Gain (Loss) on Sale of Investments	-	-	-	-	0.04	36.42
Gain (Loss) on Sale of Assets	-0.4	-0.86	-0.45	-0.12	-0.4	-0.13
Asset Writedown	-	-	-12.42	-	-	-
Other Unusual Items	-	-	-	-	9.26	-35.61
Pretax Income	130.3	147.84	209.85	200.54	138.08	124.84
Income Tax Expense	31.54	32.19	56.84	38.43	34.57	19.47
Earnings From Continuing Operations	98.76	115.65	153.01	162.11	103.51	105.38
Minority Interest in Earnings	-0.39	-0.41	-0.84	-0.71	-1.26	-0.79
Net Income	98.37	115.24	152.17	161.4	102.25	104.59
Net Income to Common	98.37	115.24	152.17	161.4	102.25	104.59
Net Income Growth	-30.46%	-24.27%	-5.72%	57.86%	-2.24%	18.96%
Shares Outstanding (Basic)	101	101	101	101	101	101
Shares Outstanding (Diluted)	101	101	102	102	101	101
Shares Change (YoY)	-0.13%	-0.14%	0.04%	0.21%	-0.01%	0.03%
EPS (Basic)	0.97	1.14	1.51	1.60	1.01	1.04
EPS (Diluted)	0.97	1.14	1.50	1.59	1.01	1.03
EPS Growth	-29.87%	-24.00%	-5.66%	57.43%	-1.94%	18.39%
Free Cash Flow	192.97	156.33	426.83	37.16	-39.6	233.03
Free Cash Flow Per Share	1.90	1.54	4.20	0.37	-0.39	2.30
Dividend Per Share	0.800	0.800	0.800	0.850	0.550	0.550
Dividend Growth	-	-	-5.88%	54.55%	-	22.22%
Gross Margin	46.01%	45.04%	43.00%	40.05%	41.57%	42.30%
Operating Margin	4.76%	5.52%	7.34%	6.94%	4.39%	4.94%
Profit Margin	4.28%	4.83%	5.75%	6.06%	4.31%	5.22%
Free Cash Flow Margin	8.40%	6.55%	16.12%	1.40%	-1.67%	11.63%
EBITDA	205.97	226.92	287.98	275.58	195.53	175.77
EBITDA Margin	8.97%	9.51%	10.88%	10.35%	8.24%	8.77%
D&A For EBITDA	96.63	95.21	93.76	90.64	91.21	76.84
EBIT	109.34	131.71	194.22	184.94	104.32	98.94
EBIT Margin	4.76%	5.52%	7.34%	6.94%	4.39%	4.94%
Effective Tax Rate	24.20%	21.77%	27.09%	19.16%	25.04%	15.59%

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