Applied BioCode 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	475.2	343.07	395.17	390.3	319.96
Revenue Growth (YoY)	38.52%	-13.18%	1.25%	21.98%	7.00%
Cost of Revenue	214.31	139.07	126.43	156.13	130.6
Gross Profit	260.89	204	268.74	234.17	189.37
Selling, General & Admin	185.13	209.05	209.15	188.04	148.46
Research & Development	298.59	272.62	246.01	238.37	205.85
Operating Expenses	484.23	481.91	455.44	426.77	354.31
Operating Income	-223.33	-277.91	-186.7	-192.6	-164.94
Interest Expense	-1.59	-1.43	-2.17	-2.78	-2.87
Interest & Investment Income	22.94	27.63	23.96	8.51	3.11
Currency Exchange Gain (Loss)	-	-2.35	-0.31	1.22	-0
Other Non Operating Income (Expenses)	0.86	0.16	0.01	0.95	-0.46
EBT Excluding Unusual Items	-201.12	-253.9	-165.21	-184.71	-165.17
Gain (Loss) on Sale of Assets	-	-	-0.92	-	-0.01
Legal Settlements	-	-6.88	-	-	-
Pretax Income	-201.12	-260.78	-163.44	-184.71	-165.18
Income Tax Expense	0.08	0.03	0.76	0.02	0.02
Net Income	-201.2	-260.81	-164.2	-184.73	-165.2
Net Income to Common	-201.2	-260.81	-164.2	-184.73	-165.2
Shares Outstanding (Basic)	103	91	82	82	82
Shares Outstanding (Diluted)	103	91	82	82	82
Shares Change (YoY)	13.29%	10.82%	0.01%	0.07%	5.33%
EPS (Basic)	-1.96	-2.88	-2.01	-2.26	-2.02
EPS (Diluted)	-1.96	-2.88	-2.01	-2.26	-2.02
Free Cash Flow	-235.46	-215.12	-211.48	123.73	-167.29
Free Cash Flow Per Share	-2.29	-2.37	-2.59	1.51	-2.05
Gross Margin	54.90%	59.46%	68.01%	60.00%	59.18%
Operating Margin	-47.00%	-81.01%	-47.25%	-49.35%	-51.55%
Profit Margin	-42.34%	-76.02%	-41.55%	-47.33%	-51.63%
Free Cash Flow Margin	-49.55%	-62.70%	-53.52%	31.70%	-52.29%
EBITDA	-166.96	-231.33	-139.2	-151.85	-128
EBITDA Margin	-35.13%	-67.43%	-35.23%	-38.91%	-40.01%
D&A For EBITDA	56.38	46.58	47.5	40.75	36.94
EBIT	-223.33	-277.91	-186.7	-192.6	-164.94
EBIT Margin	-47.00%	-81.01%	-47.25%	-49.35%	-51.55%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.