Vetnostrum Animal Health Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Revenue	27.67	-	-	1,208	1,185
Other Revenue	1,416	1,416	1,294	-	-
Revenue	1,444	1,416	1,294	1,208	1,185
Revenue Growth (YoY)	6.56%	9.43%	7.17%	1.87%	-
Cost of Revenue	969.94	964.25	853.42	850.75	832.13
Gross Profit	473.85	451.87	440.69	356.76	353.23
Selling, General & Admin	245.25	238.83	241.18	219.87	209.09
Research & Development	37.51	34.38	28.78	25.46	19.51
Other Operating Expenses	22.54	22.54	-	-	-
Operating Expenses	305.3	295.75	269.96	245.22	228.61
Operating Income	168.55	156.12	170.73	111.54	124.62
Interest Expense	-0.43	-0.56	-1.1	-1.97	-2.92
Interest & Investment Income	4.61	3.17	0.65	0.54	0.14
Currency Exchange Gain (Loss)	4.19	4.19	0.87	-	-
Other Non Operating Income (Expenses)	-3.52	0.27	0.45	2.92	9.18
EBT Excluding Unusual Items	173.41	163.19	171.6	113.03	131.01
Gain (Loss) on Sale of Investments	-3.66	-3.66	-	-	-
Gain (Loss) on Sale of Assets	-0.15	-0.15	-1.89	-	-
Other Unusual Items	0	0	-	-	-
Pretax Income	169.61	159.39	169.72	113.03	131.01
Income Tax Expense	32.18	30.54	33.1	21.43	24.5
Net Income	137.43	128.85	136.62	91.6	106.52
Net Income to Common	137.43	128.85	136.62	91.6	106.52
Net Income Growth	-5.00%	-5.68%	49.15%	-14.01%	-
Shares Outstanding (Basic)	73	71	66	66	63
Shares Outstanding (Diluted)	73	71	66	66	63
Shares Change (YoY)	9.70%	6.69%	0.09%	4.69%	-
EPS (Basic)	1.89	1.82	2.06	1.38	1.69
EPS (Diluted)	1.89	1.82	2.06	1.38	1.68
EPS Growth	-13.40%	-11.65%	49.28%	-17.86%	-
Free Cash Flow	273.86	263.28	150.19	220	105.51
Free Cash Flow Per Share	3.76	3.71	2.26	3.31	1.66
Dividend Per Share	-	1.330	1.687	1.040	-
Dividend Growth	-	-21.15%	62.19%	-	-
Gross Margin	32.82%	31.91%	34.05%	29.54%	29.80%
Operating Margin	11.67%	11.03%	13.19%	9.24%	10.51%
Profit Margin	9.52%	9.10%	10.56%	7.59%	8.99%
Free Cash Flow Margin	18.97%	18.59%	11.61%	18.22%	8.90%
EBITDA	229.37	218.09	236.82	188.28	202.84
EBITDA Margin	15.89%	15.40%	18.30%	15.59%	17.11%
D&A For EBITDA	60.83	61.97	66.09	76.74	78.22
EBIT	168.55	156.12	170.73	111.54	124.62
EBIT Margin	11.67%	11.03%	13.19%	9.24%	10.51%
Effective Tax Rate	18.98%	19.16%	19.50%	18.96%	18.70%
Advertising Expenses	-	31.29	-	-	-