Seetel New Energy Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,355	428.52	94.07	533.86
Revenue Growth (YoY)	453.75%	355.51%	-82.38%	-
Cost of Revenue	972.38	327.97	55.6	430.2
Gross Profit	382.77	100.55	38.48	103.65
Selling, General & Admin	196.22	93.48	54.81	34.71
Research & Development	40.87	21.63	19.93	12.19
Operating Expenses	237.09	115.11	74.74	46.9
Operating Income	145.68	-14.55	-36.26	56.76
Interest Expense	-10.55	-6.17	-3	-1.28
Interest & Investment Income	4.76	2.77	0.36	0.21
Earnings From Equity Investments	-	-	3.71	-0.47
Currency Exchange Gain (Loss)	89.99	0.58	0.01	0.15
Other Non Operating Income (Expenses)	-6.14	1.01	0.14	-1.27
EBT Excluding Unusual Items	223.75	-16.36	-35.05	54.1
Gain (Loss) on Sale of Investments	-	-	39.18	-29
Gain (Loss) on Sale of Assets	1.13	0.89	-0.13	-
Other Unusual Items	0.01	0.01	0.13	-
Pretax Income	224.89	-15.46	4.14	25.1
Income Tax Expense	60.97	-2.67	-1.36	2.27
Earnings From Continuing Operations	163.92	-12.79	5.49	22.83
Minority Interest in Earnings	3.44	-28.91	-1.34	-0.31
Net Income	167.36	-41.7	4.15	22.52
Net Income to Common	167.36	-41.7	4.15	22.52
Net Income Growth	-	-	-81.57%	-
Shares Outstanding (Basic)	51	47	15	2
Shares Outstanding (Diluted)	51	47	15	2
Shares Change (YoY)	35.50%	211.11%	780.91%	-
EPS (Basic)	3.28	-0.90	0.28	13.89
EPS (Diluted)	3.27	-0.90	0.28	13.27
EPS Growth	-	-	-97.89%	-
Free Cash Flow	-72.61	-29.69	-75.2	34.92
Free Cash Flow Per Share	-1.42	-0.64	-5.03	20.58
Gross Margin	28.25%	23.46%	40.90%	19.42%
Operating Margin	10.75%	-3.40%	-38.55%	10.63%
Profit Margin	12.35%	-9.73%	4.41%	4.22%
Free Cash Flow Margin	-5.36%	-6.93%	-79.94%	6.54%
EBITDA	243.56	8.61	-31.74	59.26
EBITDA Margin	17.97%	2.01%	-33.74%	11.10%
D&A For EBITDA	97.88	23.16	4.52	2.51
EBIT	145.68	-14.55	-36.26	56.76
EBIT Margin	10.75%	-3.40%	-38.55%	10.63%
Effective Tax Rate	27.11%	-	-	9.04%

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