Taiwan Steel Union 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	2,211	2,378	2,041	2,638	1,854
Revenue Growth (YoY)	-7.05%	16.51%	-22.60%	42.27%	14.28%
Cost of Revenue	1,083	1,109	1,168	1,125	840.5
Gross Profit	1,128	1,269	873.67	1,513	1,013
Selling, General & Admin	245.59	244.51	222.25	308.68	282.48
Research & Development	29.48	38.3	8.16	0.28	2.11
Operating Expenses	275.07	282.81	230.41	308.96	284.6
Operating Income	853.18	986.68	643.26	1,204	728.78
Interest Expense	-3.96	-0.33	-2	-2.69	-3.99
Interest & Investment Income	6.26	6.15	8.48	3.38	0.43
Earnings From Equity Investments	-1.15	-	-	-	-
Currency Exchange Gain (Loss)	-0.4	12.01	-4.63	19.78	-0.73
Other Non Operating Income (Expenses)	18.92	9.03	1.68	1.28	5.43
EBT Excluding Unusual Items	872.85	1,014	646.79	1,225	729.92
Gain (Loss) on Sale of Assets	-15.92	-3.38	-12.85	-4.1	-5.09
Pretax Income	856.92	1,010	633.93	1,221	724.83
Income Tax Expense	170.17	179.08	129.31	237.22	159.96
Net Income	686.75	831.09	504.62	984.16	564.87
Net Income to Common	686.75	831.09	504.62	984.16	564.87
Net Income Growth	-17.37%	64.70%	-48.73%	74.23%	38.61%
Shares Outstanding (Basic)	111	111	111	111	111
Shares Outstanding (Diluted)	112	112	112	112	112
Shares Change (YoY)	0.05%	0.04%	-0.09%	0.06%	0.03%
EPS (Basic)	6.17	7.47	4.54	8.84	5.08
EPS (Diluted)	6.15	7.45	4.52	8.81	5.06
EPS Growth	-17.45%	64.82%	-48.70%	74.11%	38.63%
Free Cash Flow	620.69	6.93	473.38	1,001	648.43
Free Cash Flow Per Share	5.56	0.06	4.24	8.96	5.81
Dividend Per Share	-	6.000	4.300	6.500	4.000
Dividend Growth	-	39.53%	-33.85%	62.50%	33.33%
Gross Margin	51.03%	53.37%	42.80%	57.35%	54.66%
Operating Margin	38.59%	41.48%	31.51%	45.64%	39.31%
Profit Margin	31.06%	34.94%	24.72%	37.31%	30.47%
Free Cash Flow Margin	28.08%	0.29%	23.19%	37.96%	34.98%
EBITDA	1,110	1,231	869.98	1,412	921.97
EBITDA Margin	50.22%	51.74%	42.62%	53.53%	49.73%
D&A For EBITDA	257.17	244.02	226.72	208.07	193.19
EBIT	853.18	986.68	643.26	1,204	728.78
EBIT Margin	38.59%	41.48%	31.51%	45.64%	39.31%
Effective Tax Rate	19.86%	17.73%	20.40%	19.42%	22.07%

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