DrayTek 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	690.2	757.2	1,178	775.29	899.29	931.01
Revenue Growth (YoY)	-37.40%	-35.75%	52.01%	-13.79%	-3.41%	10.67%
Cost of Revenue	383.89	416.4	621.86	410.71	483.28	476.21
Gross Profit	306.32	340.79	556.61	364.57	416.01	454.81
Selling, General & Admin	116.33	123.08	129.8	105.35	111.55	101.44
Research & Development	170.57	173.25	196.36	170.68	170.16	162.34
Operating Expenses	274.64	284.07	339.62	282.05	282	264.21
Operating Income	31.68	56.72	216.99	82.53	134.01	190.59
Interest & Investment Income	26.53	31.45	41.77	40.2	5.68	8.37
Currency Exchange Gain (Loss)	-35.88	-35.88	53.43	14.49	74.44	-34.8
Other Non Operating Income (Expenses)	-19.36	0.36	0.69	1.37	0.82	0.62
EBT Excluding Unusual Items	2.97	52.65	312.88	138.59	214.96	164.78
Gain (Loss) on Sale of Investments	0.73	0.73	0.7	0.59	0.26	6.23
Gain (Loss) on Sale of Assets	-	-	0.73	-0.01	-0.01	-
Asset Writedown	-5.38	-	-	-4.97	-	-
Other Unusual Items	-	-	-	-0.36	-	-
Pretax Income	-1.68	53.38	324.93	133.84	215.21	171.01
Income Tax Expense	-7.62	-4.23	53.3	10.87	39.38	10.06
Net Income	5.94	57.61	271.63	122.97	175.83	160.95
Net Income to Common	5.94	57.61	271.63	122.97	175.83	160.95
Net Income Growth	-97.56%	-78.79%	120.89%	-30.07%	9.25%	48.03%
Shares Outstanding (Basic)	97	96	94	92	90	87
Shares Outstanding (Diluted)	97	98	98	94	92	88
Shares Change (YoY)	-1.51%	-0.19%	4.19%	2.07%	4.24%	1.81%
EPS (Basic)	0.06	0.60	2.88	1.34	1.96	1.85
EPS (Diluted)	0.06	0.59	2.77	1.31	1.91	1.82
EPS Growth	-97.52%	-78.70%	111.45%	-31.41%	4.95%	45.60%
Free Cash Flow	-40.28	20.79	363.81	121.94	183.06	14.99
Free Cash Flow Per Share	-0.41	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	44.38%	45.01%	47.23%	47.02%	46.26%	48.85%
Operating Margin	4.59%	7.49%	18.41%	10.64%	14.90%	20.47%
Profit Margin	0.86%	7.61%	23.05%	15.86%	19.55%	17.29%
Free Cash Flow Margin	-5.84%	2.75%	30.87%	15.73%	20.36%	1.61%
EBITDA	40.62	65.45	224.31	88.53	140.82	197.97
EBITDA Margin	5.88%	8.64%	19.03%	11.42%	15.66%	21.26%
D&A For EBITDA	8.94	8.73	7.32	6.01	6.81	7.38
EBIT	31.68	56.72	216.99	82.53	134.01	190.59
EBIT Margin	4.59%	7.49%	18.41%	10.64%	14.90%	20.47%
Effective Tax Rate	-	-	16.40%	8.12%	18.30%	5.88%
Advertising Expenses	-	18.09	-	-	-	-

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