Andes 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	1,478	1,382	1,058	931.82	819.78
Revenue Growth (YoY)	7.00%	30.60%	13.52%	13.67%	41.09%
Cost of Revenue	1.02	0.65	0.82	0.73	1.47
Gross Profit	1,477	1,381	1,057	931.09	818.31
Selling, General & Admin	589	570.91	529.9	442	315.81
Research & Development	1,285	1,083	766.25	559.68	343.84
Operating Expenses	1,897	1,657	1,325	1,000	659.64
Operating Income	-419.84	-276.08	-268.49	-69.17	158.66
Interest Expense	-16.3	-3.04	-2.22	-1.73	-1.78
Interest & Investment Income	35.94	105.95	153.72	62.78	4.23
Currency Exchange Gain (Loss)	-79.9	163.38	10.46	390.03	0.64
Other Non Operating Income (Expenses)	0.56	21.32	7.46	1.85	-0.71
EBT Excluding Unusual Items	-479.55	11.54	-99.09	383.75	161.04
Gain (Loss) on Sale of Investments	-1.8	-	-	-	-
Other Unusual Items	-	-	-	-	16.1
Pretax Income	-481.35	11.54	-99.09	383.75	177.14
Income Tax Expense	-66.09	9.65	2.63	27.81	15.47
Net Income	-415.26	1.89	-101.72	355.94	161.67
Net Income to Common	-415.26	1.89	-101.72	355.94	161.67
Net Income Growth	-	-	-	120.17%	360.03%
Shares Outstanding (Basic)	51	51	51	51	45
Shares Outstanding (Diluted)	51	51	51	51	45
Shares Change (YoY)	-	-	-0.39%	12.78%	5.69%
EPS (Basic)	-8.20	0.04	-2.01	7.03	3.59
EPS (Diluted)	-8.20	0.04	-2.01	7.00	3.59
EPS Growth	-	-	-	95.12%	337.51%
Free Cash Flow	293.91	367.72	-119.78	658.23	302.22
Free Cash Flow Per Share	5.80	7.26	-2.37	12.94	6.70
Dividend Per Share	-	-	-	1.500	2.849
Dividend Growth	-	-	-	-47.35%	284.18%
Gross Margin	99.93%	99.95%	99.92%	99.92%	99.82%
Operating Margin	-28.40%	-19.98%	-25.38%	-7.42%	19.36%
Profit Margin	-28.09%	0.14%	-9.62%	38.20%	19.72%
Free Cash Flow Margin	19.88%	26.62%	-11.32%	70.64%	36.86%
EBITDA	39.82	107.13	-28.57	106.84	287.81
EBITDA Margin	2.69%	7.75%	-2.70%	11.46%	35.11%
D&A For EBITDA	459.66	383.21	239.92	176.01	129.15
EBIT	-419.84	-276.08	-268.49	-69.17	158.66
EBIT Margin	-28.40%	-19.98%	-25.38%	-7.42%	19.36%
Effective Tax Rate	-	83.60%	-	7.25%	8.73%

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