Hiwin Mikrosystem Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,982	2,714	2,254	2,170	3,228	3,184
Revenue Growth (YoY)	24.88%	20.44%	3.85%	-32.78%	1.38%	29.87%
Cost of Revenue	1,868	1,723	1,554	1,502	2,112	2,098
Gross Profit	1,114	990.95	699.42	668.43	1,116	1,086
Selling, General & Admin	413.68	393.92	367.7	362.05	426.41	376.42
Research & Development	280.89	272.8	280.53	280.3	311.42	313.94
Operating Expenses	694.58	666.71	648.22	642.35	737.83	690.37
Operating Income	419.4	324.24	51.2	26.08	378.56	395.84
Interest Expense	-18.65	-15.4	-15.98	-13.07	-12.59	-11.52
Interest & Investment Income	27.42	27.15	29.92	4.11	1.17	0.18
Currency Exchange Gain (Loss)	-48.84	-48.84	23.84	10.6	77.2	-28.36
Other Non Operating Income (Expenses)	2.3	14.15	25.71	14.88	27.99	24.95
EBT Excluding Unusual Items	381.64	301.3	114.69	42.6	472.33	381.1
Gain (Loss) on Sale of Investments	-	-	-	0.7	-1.08	0.07
Pretax Income	381.64	301.3	114.69	43.29	471.25	381.16
Income Tax Expense	54.97	41.38	23.75	4.01	78.77	54.87
Earnings From Continuing Operations	326.67	259.92	90.94	39.28	392.48	326.29
Minority Interest in Earnings	-22.94	-18.6	-30.29	-34.18	-65.54	-29.23
Net Income	303.73	241.33	60.65	5.1	326.94	297.07
Net Income to Common	303.73	241.33	60.65	5.1	326.94	297.07
Net Income Growth	121.62%	297.89%	1089.02%	-98.44%	10.06%	119.66%
Shares Outstanding (Basic)	120	120	120	120	120	120
Shares Outstanding (Diluted)	120	120	120	120	120	120
Shares Change (YoY)	-0.03%	0.09%	-0.02%	-0.24%	0.13%	0.08%
EPS (Basic)	2.54	2.01	0.51	0.04	2.73	2.48
EPS (Diluted)	2.54	2.01	0.51	0.04	2.72	2.48
EPS Growth	122.42%	297.52%	1165.38%	-98.53%	9.69%	119.66%
Free Cash Flow	320.45	360.32	-37.87	-78.81	349.78	495.02
Free Cash Flow Per Share	2.67	3.00	-0.32	-0.66	2.91	4.13
Dividend Per Share	0.800	0.800	0.200	0.100	1.000	1.000
Dividend Growth	300.00%	300.00%	100.00%	-90.00%	-	236.70%
Gross Margin	37.36%	36.51%	31.03%	30.80%	34.58%	34.11%
Operating Margin	14.07%	11.95%	2.27%	1.20%	11.73%	12.43%
Profit Margin	10.19%	8.89%	2.69%	0.24%	10.13%	9.33%
Free Cash Flow Margin	10.75%	13.28%	-1.68%	-3.63%	10.83%	15.55%
EBITDA	584.27	482.12	212.12	192.37	540.2	561.91
EBITDA Margin	19.60%	17.76%	9.41%	8.86%	16.73%	17.65%
D&A For EBITDA	164.87	157.88	160.92	166.29	161.64	166.07
EBIT	419.4	324.24	51.2	26.08	378.56	395.84
EBIT Margin	14.07%	11.95%	2.27%	1.20%	11.73%	12.43%
Effective Tax Rate	14.40%	13.73%	20.71%	9.27%	16.71%	14.39%

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