LINE Pay Taiwan Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	6,296	4,928	3,863	2,088	1,150
Revenue Growth (YoY)	27.75%	27.58%	84.97%	81.66%	-
Cost of Revenue	4,310	3,405	2,553	1,398	892.44
Gross Profit	1,986	1,524	1,310	690.25	257.2
Selling, General & Admin	990.68	813.59	653.57	497.91	404.31
Research & Development	254.01	155.48	137.96	75.17	13.92
Operating Expenses	1,245	969.07	791.52	573.07	418.23
Operating Income	740.93	554.66	518.5	117.18	-161.03
Interest Expense	-8.05	-4.26	-1.48	-1.24	-1.55
Interest & Investment Income	94.75	57.11	12.17	4.74	11.89
Earnings From Equity Investments	-	-	-	-49.87	-103.37
Currency Exchange Gain (Loss)	-	1.96	11.91	-5.39	1.94
Other Non Operating Income (Expenses)	41.97	-2.54	-0.36	-0.57	-0.45
EBT Excluding Unusual Items	869.61	606.93	540.74	64.87	-252.57
Gain (Loss) on Sale of Investments	-	-	-	53.02	-82.89
Gain (Loss) on Sale of Assets	-	0.27	-	-	1.68
Other Unusual Items	-	5.89	-	-	-
Pretax Income	869.61	613.09	540.74	117.88	-333.78
Income Tax Expense	222.49	120.1	94.75	-28.83	-44.89
Earnings From Continuing Operations	647.12	492.99	445.98	146.71	-288.89
Minority Interest in Earnings	-	-11.38	-6.04	-	-
Net Income	647.12	481.61	439.95	146.71	-288.89
Net Income to Common	647.12	481.61	439.95	146.71	-288.89
Net Income Growth	34.37%	9.47%	199.87%	-	-
Shares Outstanding (Basic)	61	60	59	55	55
Shares Outstanding (Diluted)	63	61	59	55	55
Shares Change (YoY)	4.01%	3.53%	7.07%	-	-
EPS (Basic)	10.67	8.09	7.51	2.68	-5.28
EPS (Diluted)	10.26	7.94	7.51	2.68	-5.28
EPS Growth	29.22%	5.73%	180.22%	-	-
Free Cash Flow	2,627	-1,235	1,812	-1,731	630.1
Free Cash Flow Per Share	41.65	-20.37	30.94	-31.63	11.52
Gross Margin	31.54%	30.92%	33.91%	33.05%	22.37%
Operating Margin	11.77%	11.25%	13.42%	5.61%	-14.01%
Profit Margin	10.28%	9.77%	11.39%	7.03%	-25.13%
Free Cash Flow Margin	41.73%	-25.06%	46.92%	-82.86%	54.81%
EBITDA	868.09	601.63	554.65	142.1	-138.2
EBITDA Margin	13.79%	12.21%	14.36%	6.80%	-12.02%
D&A For EBITDA	127.16	46.97	36.15	24.92	22.83
EBIT	740.93	554.66	518.5	117.18	-161.03
EBIT Margin	11.77%	11.25%	13.42%	5.61%	-14.01%
Effective Tax Rate	25.59%	19.59%	17.52%	-	-

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.