Heran 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	6,469	6,417	6,192	6,840	6,363
Revenue Growth (YoY)	0.81%	3.63%	-9.48%	7.50%	5.48%
Cost of Revenue	4,333	4,380	4,116	4,668	4,057
Gross Profit	2,136	2,037	2,076	2,172	2,306
Selling, General & Admin	1,522	1,534	1,403	1,375	1,411
Research & Development	78.39	55.75	64.14	52.94	53.65
Other Operating Expenses	-	-	-	-	-0.03
Operating Expenses	1,599	1,596	1,467	1,435	1,466
Operating Income	536.63	441.07	608.49	737.25	839.72
Interest Expense	-28.43	-22.02	-11.09	-1.67	-1.47
Interest & Investment Income	62.23	47.52	14.25	6.19	0.46
Earnings From Equity Investments	55.49	72.26	74.98	53.83	70.84
Currency Exchange Gain (Loss)	-46,902	-8.41	-9.1	95.26	23.96
Other Non Operating Income (Expenses)	46,880	31.03	25.89	24.61	20.07
EBT Excluding Unusual Items	603.85	561.44	703.42	915.47	953.59
Gain (Loss) on Sale of Assets	0	0.92	0.39	-0.01	-
Pretax Income	603.85	562.36	703.81	915.46	953.59
Income Tax Expense	110.73	94.87	135.76	170.22	173.45
Net Income	493.12	467.5	568.06	745.24	780.14
Net Income to Common	493.12	467.5	568.06	745.24	780.14
Net Income Growth	5.48%	-17.70%	-23.77%	-4.47%	-17.01%
Shares Outstanding (Basic)	88	88	88	88	88
Shares Outstanding (Diluted)	88	88	88	88	88
Shares Change (YoY)	0.22%	0.07%	-0.09%	0.12%	-1.14%
EPS (Basic)	5.63	5.34	6.48	8.51	8.91
EPS (Diluted)	5.59	5.31	6.46	8.47	8.88
EPS Growth	5.27%	-17.78%	-23.72%	-4.60%	-16.08%
Free Cash Flow	495.97	657.76	566.07	1,054	-169.25
Free Cash Flow Per Share	5.63	7.48	6.44	11.98	-1.93
Dividend Per Share	0.400	0.417	6.667	6.667	6.667
Dividend Growth	-4.01%	-93.75%	-	-	-
Gross Margin	33.02%	31.74%	33.52%	31.75%	36.24%
Operating Margin	8.29%	6.87%	9.83%	10.78%	13.20%
Profit Margin	7.62%	7.29%	9.17%	10.90%	12.26%
Free Cash Flow Margin	7.67%	10.25%	9.14%	15.41%	-2.66%
EBITDA	631.85	527.17	667.86	781.67	883.18
EBITDA Margin	9.77%	8.21%	10.79%	11.43%	13.88%
D&A For EBITDA	95.23	86.1	59.36	44.42	43.46
EBIT	536.63	441.07	608.49	737.25	839.72
EBIT Margin	8.29%	6.87%	9.83%	10.78%	13.20%
Effective Tax Rate	18.34%	16.87%	19.29%	18.59%	18.19%
Revenue as Reported	6,469	6,417	6,192	6,840	6,363

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