Lungteh Shipbuilding 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	5,246	5,119	4,987	3,832	2,244
Revenue Growth (YoY)	2.49%	2.64%	30.17%	70.71%	15.98%
Cost of Revenue	4,202	3,955	4,033	3,238	1,827
Gross Profit	1,044	1,164	954.12	593.36	417.2
Selling, General & Admin	142.35	137.99	127.92	102.99	71.73
Research & Development	44.91	21.25	21.61	17.08	13.93
Operating Expenses	187.25	159.24	149.53	116.53	91.47
Operating Income	857.2	1,005	804.59	476.84	325.72
Interest Expense	-47.29	-54.99	-48.47	-49.41	-31.64
Interest & Investment Income	25.33	27.29	8.55	1.55	0.29
Currency Exchange Gain (Loss)	6.42	66.35	6.94	17.59	-2.25
Other Non Operating Income (Expenses)	1.67	-163.3	-46.54	-88.24	4.52
EBT Excluding Unusual Items	843.33	880.52	725.06	358.32	296.64
Gain (Loss) on Sale of Assets	-0.25	-0.61	-0.04	-0.04	-0.28
Other Unusual Items	-	-	-	-	-20.01
Pretax Income	843.08	879.91	725.03	363.6	276.36
Income Tax Expense	159.34	173.29	150.03	76.36	62.67
Net Income	683.74	706.62	575	287.23	213.69
Net Income to Common	683.74	706.62	575	287.23	213.69
Net Income Growth	-3.24%	22.89%	100.18%	34.42%	48.93%
Shares Outstanding (Basic)	114	113	111	103	103
Shares Outstanding (Diluted)	122	118	112	103	103
Shares Change (YoY)	3.48%	5.55%	8.36%	-0.01%	11.97%
EPS (Basic)	5.98	6.25	5.16	2.79	2.08
EPS (Diluted)	5.72	6.07	5.15	2.79	2.08
EPS Growth	-5.73%	17.84%	84.56%	34.40%	32.89%
Free Cash Flow	524.94	-826.6	2,266	268.9	308.75
Free Cash Flow Per Share	4.31	-7.02	20.30	2.61	3.00
Dividend Per Share	1.250	1.250	1.048	0.952	0.194
Dividend Growth	-	19.32%	10.00%	389.92%	-56.89%
Gross Margin	19.91%	22.75%	19.13%	15.49%	18.59%
Operating Margin	16.34%	19.64%	16.13%	12.45%	14.51%
Profit Margin	13.03%	13.80%	11.53%	7.50%	9.52%
Free Cash Flow Margin	10.01%	-16.15%	45.43%	7.02%	13.76%
EBITDA	1,034	1,158	943.02	584.35	396.6
EBITDA Margin	19.70%	22.63%	18.91%	15.25%	17.67%
D&A For EBITDA	176.53	153.3	138.43	107.51	70.88
EBIT	857.2	1,005	804.59	476.84	325.72
EBIT Margin	16.34%	19.64%	16.13%	12.45%	14.51%
Effective Tax Rate	18.90%	19.69%	20.69%	21.00%	22.68%

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