DrayTek 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	757.2	1,178	775.29	899.29	931.01
Revenue Growth (YoY)	-35.75%	52.01%	-13.79%	-3.41%	10.67%
Cost of Revenue	416.4	621.86	410.71	483.28	476.21
Gross Profit	340.79	556.61	364.57	416.01	454.81
Selling, General & Admin	123.08	129.8	105.35	111.55	101.44
Research & Development	173.25	196.36	170.68	170.16	162.34
Operating Expenses	284.07	339.62	282.05	282	264.21
Operating Income	56.72	216.99	82.53	134.01	190.59
Interest & Investment Income	31.45	41.77	40.2	5.68	8.37
Currency Exchange Gain (Loss)	-	53.43	14.49	74.44	-34.8
Other Non Operating Income (Expenses)	-34.79	11.31	1.37	0.82	0.62
EBT Excluding Unusual Items	53.38	323.5	138.59	214.96	164.78
Gain (Loss) on Sale of Investments	-	0.7	0.59	0.26	6.23
Gain (Loss) on Sale of Assets	-	0.73	-0.01	-0.01	-
Asset Writedown	-	-	-4.97	-	-
Other Unusual Items	-	-	-0.36	-	-
Pretax Income	53.38	324.93	133.84	215.21	171.01
Income Tax Expense	-4.23	53.3	10.87	39.38	10.06
Net Income	57.61	271.63	122.97	175.83	160.95
Net Income to Common	57.61	271.63	122.97	175.83	160.95
Net Income Growth	-78.79%	120.89%	-30.07%	9.25%	48.03%
Shares Outstanding (Basic)	96	94	92	90	87
Shares Outstanding (Diluted)	98	98	94	92	88
Shares Change (YoY)	-0.43%	4.19%	2.07%	4.24%	1.81%
EPS (Basic)	0.60	2.88	1.34	1.96	1.85
EPS (Diluted)	0.59	2.77	1.31	1.91	1.82
EPS Growth	-78.70%	111.45%	-31.41%	4.95%	45.60%
Free Cash Flow	20.79	363.81	121.94	183.06	14.99
Free Cash Flow Per Share	0.21	3.71	1.29	1.99	0.17
Dividend Per Share	0.530	2.560	1.190	1.690	1.720
Dividend Growth	-79.30%	115.13%	-29.59%	-1.74%	15.76%
Gross Margin	45.01%	47.23%	47.02%	46.26%	48.85%
Operating Margin	7.49%	18.41%	10.64%	14.90%	20.47%
Profit Margin	7.61%	23.05%	15.86%	19.55%	17.29%
Free Cash Flow Margin	2.75%	30.87%	15.73%	20.36%	1.61%
EBITDA	65.45	224.31	88.53	140.82	197.97
EBITDA Margin	8.64%	19.03%	11.42%	15.66%	21.26%
D&A For EBITDA	8.73	7.32	6.01	6.81	7.38
EBIT	56.72	216.99	82.53	134.01	190.59
EBIT Margin	7.49%	18.41%	10.64%	14.90%	20.47%
Effective Tax Rate	-	16.40%	8.12%	18.30%	5.88%

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