Wellell 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	2,404	2,387	2,647	2,664	2,374
Revenue Growth (YoY)	0.74%	-9.84%	-0.62%	12.20%	18.46%
Cost of Revenue	1,301	1,312	1,509	1,597	1,387
Gross Profit	1,104	1,075	1,138	1,067	986.95
Selling, General & Admin	790.84	764.88	778.5	726.38	732.2
Research & Development	153.69	163.53	165.76	154.28	150.75
Operating Expenses	952.77	943.14	944.1	881.85	882.63
Operating Income	150.83	131.71	194.22	184.94	104.32
Interest Expense	-14.45	-12.95	-14.18	-10.18	-7.67
Interest & Investment Income	6.49	9.29	6.21	3.1	2.86
Earnings From Equity Investments	-1.13	-1.16	-0.32	-	-
Currency Exchange Gain (Loss)	-	-1.86	2.57	-6.11	-0.65
Other Non Operating Income (Expenses)	24.74	23.68	34.23	28.91	30.32
EBT Excluding Unusual Items	166.49	148.7	222.72	200.66	129.18
Gain (Loss) on Sale of Investments	-	-	-	-	0.04
Gain (Loss) on Sale of Assets	-	-0.86	-0.45	-0.12	-0.4
Asset Writedown	-	-	-12.42	-	-
Other Unusual Items	-	-	-	-	9.26
Pretax Income	166.49	147.84	209.85	200.54	138.08
Income Tax Expense	44.68	32.19	56.84	38.43	34.57
Earnings From Continuing Operations	121.82	115.65	153.01	162.11	103.51
Minority Interest in Earnings	-0.69	-0.41	-0.84	-0.71	-1.26
Net Income	121.12	115.24	152.17	161.4	102.25
Net Income to Common	121.12	115.24	152.17	161.4	102.25
Net Income Growth	5.11%	-24.27%	-5.72%	57.86%	-2.24%
Shares Outstanding (Basic)	101	101	101	101	101
Shares Outstanding (Diluted)	102	101	102	102	101
Shares Change (YoY)	0.34%	-0.14%	0.04%	0.21%	-0.01%
EPS (Basic)	1.20	1.14	1.51	1.60	1.01
EPS (Diluted)	1.19	1.14	1.50	1.59	1.01
EPS Growth	4.39%	-24.00%	-5.66%	57.43%	-1.94%
Free Cash Flow	160.41	156.33	426.83	37.16	-39.6
Free Cash Flow Per Share	1.58	1.54	4.20	0.37	-0.39
Dividend Per Share	-	0.800	0.800	0.850	0.550
Dividend Growth	-	-	-5.88%	54.55%	-
Gross Margin	45.90%	45.04%	43.00%	40.05%	41.57%
Operating Margin	6.27%	5.52%	7.34%	6.94%	4.39%
Profit Margin	5.04%	4.83%	5.75%	6.06%	4.31%
Free Cash Flow Margin	6.67%	6.55%	16.12%	1.40%	-1.67%
EBITDA	254.61	226.92	287.98	275.58	195.53
EBITDA Margin	10.59%	9.51%	10.88%	10.35%	8.24%
D&A For EBITDA	103.78	95.21	93.76	90.64	91.21
EBIT	150.83	131.71	194.22	184.94	104.32
EBIT Margin	6.27%	5.52%	7.34%	6.94%	4.39%
Effective Tax Rate	26.83%	21.77%	27.09%	19.16%	25.04%

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