Heran 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
Revenue	6,461	6,417	6,192	6,840	6,363	6,033
Revenue Growth (YoY)	1.84%	3.63%	-9.48%	7.50%	5.48%	4.26%
Cost of Revenue	4,353	4,380	4,116	4,668	4,057	3,675
Gross Profit	2,108	2,037	2,076	2,172	2,306	2,358
Selling, General & Admin	1,537	1,534	1,403	1,375	1,411	1,211
Research & Development	67.51	55.75	64.14	52.94	53.65	51.51
Other Operating Expenses	-	-	-	-	-0.03	-1.36
Operating Expenses	1,603	1,596	1,467	1,435	1,466	1,261
Operating Income	504.91	441.07	608.49	737.25	839.72	1,097
Interest Expense	-27.24	-22.02	-11.09	-1.67	-1.47	-0.93
Interest & Investment Income	53.63	47.52	14.25	6.19	0.46	0.53
Earnings From Equity Investments	59.05	72.26	74.98	53.83	70.84	43.44
Currency Exchange Gain (Loss)	-3.53	-8.41	-9.1	95.26	23.96	14.69
Other Non Operating Income (Expenses)	25.65	30.85	25.89	24.61	20.07	19.75
EBT Excluding Unusual Items	612.47	561.26	703.42	915.47	953.59	1,175
Gain (Loss) on Sale of Investments	-65.36	0.18	-	-	-	-
Gain (Loss) on Sale of Assets	0.31	0.92	0.39	-0.01	-	-
Pretax Income	547.42	562.36	703.81	915.46	953.59	1,175
Income Tax Expense	106.03	94.87	135.76	170.22	173.45	234.52
Net Income	441.4	467.5	568.06	745.24	780.14	940.02
Net Income to Common	441.4	467.5	568.06	745.24	780.14	940.02
Net Income Growth	-8.37%	-17.70%	-23.77%	-4.47%	-17.01%	21.40%
Shares Outstanding (Basic)	88	88	88	88	88	89
Shares Outstanding (Diluted)	88	88	88	88	88	89
Shares Change (YoY)	0.23%	0.07%	-0.09%	0.12%	-1.14%	2.41%
EPS (Basic)	5.04	5.34	6.48	8.51	8.91	10.61
EPS (Diluted)	5.01	5.32	6.46	8.47	8.88	10.57
EPS Growth	-8.57%	-17.68%	-23.72%	-4.60%	-16.08%	18.60%
Free Cash Flow	363.17	657.76	566.07	1,054	-169.25	1,450
Free Cash Flow Per Share	4.12	7.48	6.44	11.98	-1.93	16.31
Dividend Per Share	0.417	0.417	6.667	6.667	6.667	6.667
Dividend Growth	-87.50%	-93.75%	-	-	-	-
Gross Margin	32.63%	31.74%	33.52%	31.75%	36.24%	39.09%
Operating Margin	7.81%	6.87%	9.83%	10.78%	13.20%	18.19%
Profit Margin	6.83%	7.29%	9.17%	10.90%	12.26%	15.58%
Free Cash Flow Margin	5.62%	10.25%	9.14%	15.41%	-2.66%	24.04%
EBITDA	597.62	527.17	667.86	781.67	883.18	1,139
EBITDA Margin	9.25%	8.21%	10.79%	11.43%	13.88%	18.88%
D&A For EBITDA	92.72	86.1	59.36	44.42	43.46	41.92
EBIT	504.91	441.07	608.49	737.25	839.72	1,097
EBIT Margin	7.81%	6.87%	9.83%	10.78%	13.20%	18.19%
Effective Tax Rate	19.37%	16.87%	19.29%	18.59%	18.19%	19.97%
Revenue as Reported	6,461	6,417	6,192	6,840	6,363	6,033

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