Desiccant Technology 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	2,861	2,248	2,090	2,016	1,473
Revenue Growth (YoY)	27.29%	7.55%	3.69%	36.84%	32.20%
Cost of Revenue	2,184	1,677	1,573	1,605	1,191
Gross Profit	676.66	570.75	517.43	411	282.2
Selling, General & Admin	125.73	93.04	94.45	94.54	66.44
Research & Development	55.61	63.25	70.42	66.48	55.94
Operating Expenses	183.4	160.95	161.04	161.01	118.66
Operating Income	493.26	409.81	356.39	249.99	163.54
Interest Expense	-0.07	-	-0.11	-0.07	-0.8
Interest & Investment Income	24.38	22.36	15.05	4.11	2.22
Currency Exchange Gain (Loss)	9.88	18.03	18.4	42.27	6.8
Other Non Operating Income (Expenses)	4.35	32.53	1.59	3.35	0.71
EBT Excluding Unusual Items	531.8	482.73	391.32	299.66	172.46
Gain (Loss) on Sale of Investments	3.33	3.12	1.83	0.21	0.07
Gain (Loss) on Sale of Assets	-	-0.01	0.05	0	0.11
Pretax Income	535.13	485.85	393.2	299.86	172.64
Income Tax Expense	116.82	108.53	88.05	57.9	27.3
Net Income	418.32	377.31	305.15	241.97	145.34
Net Income to Common	418.32	377.31	305.15	241.97	145.34
Net Income Growth	10.87%	23.65%	26.11%	66.49%	25.35%
Shares Outstanding (Basic)	42	42	38	37	36
Shares Outstanding (Diluted)	42	42	38	37	36
Shares Change (YoY)	-0.00%	10.98%	1.84%	4.46%	0.01%
EPS (Basic)	9.93	8.96	8.06	6.53	4.07
EPS (Diluted)	9.88	8.91	8.00	6.46	4.05
EPS Growth	10.89%	11.38%	23.79%	59.59%	25.35%
Free Cash Flow	804.51	567	326.21	463.57	41.39
Free Cash Flow Per Share	19.00	13.39	8.55	12.37	1.15
Dividend Per Share	5.500	4.500	3.719	2.479	1.127
Dividend Growth	22.22%	21.00%	50.00%	119.99%	-25.00%
Gross Margin	23.65%	25.39%	24.76%	20.39%	19.16%
Operating Margin	17.24%	18.23%	17.05%	12.40%	11.10%
Profit Margin	14.62%	16.79%	14.60%	12.00%	9.87%
Free Cash Flow Margin	28.12%	25.22%	15.61%	23.00%	2.81%
EBITDA	511.41	429.81	377.14	271.98	176.37
EBITDA Margin	17.87%	19.12%	18.05%	13.49%	11.97%
D&A For EBITDA	18.15	20	20.75	21.99	12.83
EBIT	493.26	409.81	356.39	249.99	163.54
EBIT Margin	17.24%	18.23%	17.05%	12.40%	11.10%
Effective Tax Rate	21.83%	22.34%	22.39%	19.31%	15.81%
Revenue as Reported	2,861	2,248	2,090	2,016	1,473

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