Waffer 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	6,630	5,831	5,774	4,157	2,824
Revenue Growth (YoY)	13.71%	0.98%	38.90%	47.19%	41.40%
Cost of Revenue	4,896	4,195	3,976	3,022	2,091
Gross Profit	1,734	1,636	1,798	1,135	733.72
Selling, General & Admin	645.26	651.01	573.18	518.07	414.73
Research & Development	448	355.03	315.14	247.58	197.6
Operating Expenses	1,093	1,006	888.32	765.65	612.33
Operating Income	640.96	629.49	909.44	369.46	121.39
Interest Expense	-57.8	-56.87	-37.36	-26.59	-15.26
Interest & Investment Income	6.25	8.89	8.62	3.33	2.61
Currency Exchange Gain (Loss)	-	44.56	31.09	-59.66	20.57
Other Non Operating Income (Expenses)	166.9	129.47	97.86	74.38	38.86
EBT Excluding Unusual Items	756.31	755.54	1,010	360.92	168.17
Gain (Loss) on Sale of Assets	-	-0.06	4.66	-7.59	21.44
Pretax Income	756.31	755.48	1,014	353.33	202.61
Income Tax Expense	176.47	161.76	211.76	30.29	37.88
Earnings From Continuing Operations	579.84	593.71	802.56	323.04	164.74
Net Income	579.84	593.71	802.56	323.04	164.74
Net Income to Common	579.84	593.71	802.56	323.04	164.74
Net Income Growth	-2.34%	-26.02%	148.44%	96.10%	-74.65%
Shares Outstanding (Basic)	200	194	193	176	171
Shares Outstanding (Diluted)	201	195	194	179	174
Shares Change (YoY)	2.99%	0.24%	8.60%	3.11%	1.69%
EPS (Basic)	2.90	3.06	4.17	1.83	0.96
EPS (Diluted)	2.89	3.05	4.13	1.81	0.95
EPS Growth	-5.25%	-26.15%	128.18%	90.53%	-75.07%
Free Cash Flow	394.92	-394.97	-565.61	214.43	-391.11
Free Cash Flow Per Share	1.97	-2.03	-2.91	1.20	-2.25
Dividend Per Share	-	1.220	1.679	0.699	0.300
Dividend Growth	-	-27.36%	140.34%	133.10%	-49.89%
Gross Margin	26.16%	28.05%	31.13%	27.30%	25.98%
Operating Margin	9.67%	10.80%	15.75%	8.89%	4.30%
Profit Margin	8.75%	10.18%	13.90%	7.77%	5.83%
Free Cash Flow Margin	5.96%	-6.77%	-9.80%	5.16%	-13.85%
EBITDA	1,198	1,080	1,274	674	362.24
EBITDA Margin	18.07%	18.52%	22.06%	16.21%	12.83%
D&A For EBITDA	556.86	450.23	364.32	304.54	240.85
EBIT	640.96	629.49	909.44	369.46	121.39
EBIT Margin	9.67%	10.80%	15.75%	8.89%	4.30%
Effective Tax Rate	23.33%	21.41%	20.88%	8.57%	18.69%

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