Hiwin Mikrosystem 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	2,714	2,254	2,170	3,228	3,184
Revenue Growth (YoY)	20.44%	3.85%	-32.78%	1.38%	29.87%
Cost of Revenue	1,723	1,554	1,502	2,112	2,098
Gross Profit	990.95	699.42	668.43	1,116	1,086
Selling, General & Admin	393.92	367.7	362.05	426.41	376.42
Research & Development	272.8	280.53	280.3	311.42	313.94
Operating Expenses	666.71	648.22	642.35	737.83	690.37
Operating Income	324.24	51.2	26.08	378.56	395.84
Interest Expense	-15.4	-15.98	-13.07	-12.59	-11.52
Interest & Investment Income	27.15	29.92	4.11	1.17	0.18
Currency Exchange Gain (Loss)	-48.84	23.84	10.6	77.2	-28.36
Other Non Operating Income (Expenses)	14.15	25.71	14.88	27.99	24.95
EBT Excluding Unusual Items	301.3	114.69	42.6	472.33	381.1
Gain (Loss) on Sale of Investments	-	-	0.7	-1.08	0.07
Pretax Income	301.3	114.69	43.29	471.25	381.16
Income Tax Expense	41.38	23.75	4.01	78.77	54.87
Earnings From Continuing Operations	259.92	90.94	39.28	392.48	326.29
Minority Interest in Earnings	-18.6	-30.29	-34.18	-65.54	-29.23
Net Income	241.33	60.65	5.1	326.94	297.07
Net Income to Common	241.33	60.65	5.1	326.94	297.07
Net Income Growth	297.89%	1089.02%	-98.44%	10.06%	119.66%
Shares Outstanding (Basic)	120	120	120	120	120
Shares Outstanding (Diluted)	120	120	120	120	120
Shares Change (YoY)	0.09%	-0.02%	-0.24%	0.13%	0.08%
EPS (Basic)	2.01	0.51	0.04	2.73	2.48
EPS (Diluted)	2.01	0.51	0.04	2.72	2.48
EPS Growth	297.52%	1165.38%	-98.53%	9.69%	119.66%
Free Cash Flow	360.32	-37.87	-78.81	349.78	495.02
Free Cash Flow Per Share	3.00	-0.32	-0.66	2.91	4.13
Dividend Per Share	0.800	0.200	0.100	1.000	1.000
Dividend Growth	300.00%	100.00%	-90.00%	-	236.70%
Gross Margin	36.51%	31.03%	30.80%	34.58%	34.11%
Operating Margin	11.95%	2.27%	1.20%	11.73%	12.43%
Profit Margin	8.89%	2.69%	0.24%	10.13%	9.33%
Free Cash Flow Margin	13.28%	-1.68%	-3.63%	10.83%	15.55%
EBITDA	482.12	212.12	192.37	540.2	561.91
EBITDA Margin	17.76%	9.41%	8.86%	16.73%	17.65%
D&A For EBITDA	157.88	160.92	166.29	161.64	166.07
EBIT	324.24	51.2	26.08	378.56	395.84
EBIT Margin	11.95%	2.27%	1.20%	11.73%	12.43%
Effective Tax Rate	13.73%	20.71%	9.27%	16.71%	14.39%

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