Seetel New Energy 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	4,221	428.52	94.07	533.86
Revenue Growth (YoY)	885.03%	355.51%	-82.38%	-
Cost of Revenue	3,568	327.97	55.6	430.2
Gross Profit	653	100.55	38.48	103.65
Selling, General & Admin	231.05	93.48	54.81	34.71
Research & Development	62.34	21.63	19.93	12.19
Other Operating Expenses	8.02	-	-	-
Operating Expenses	301.41	115.11	74.74	46.9
Operating Income	351.59	-14.55	-36.26	56.76
Interest Expense	-13.62	-6.17	-3	-1.28
Interest & Investment Income	5.56	2.77	0.36	0.21
Earnings From Equity Investments	-	-	3.71	-0.47
Currency Exchange Gain (Loss)	-	0.58	0.01	0.15
Other Non Operating Income (Expenses)	20.95	1.01	0.14	-1.27
EBT Excluding Unusual Items	364.48	-16.36	-35.05	54.1
Gain (Loss) on Sale of Investments	-	-	39.18	-29
Gain (Loss) on Sale of Assets	-	0.89	-0.13	-
Other Unusual Items	-	0.01	0.13	-
Pretax Income	364.48	-15.46	4.14	25.1
Income Tax Expense	85.75	-2.67	-1.36	2.27
Earnings From Continuing Operations	278.73	-12.79	5.49	22.83
Minority Interest in Earnings	-25.06	-28.91	-1.34	-0.31
Net Income	253.67	-41.7	4.15	22.52
Net Income to Common	253.67	-41.7	4.15	22.52
Net Income Growth	-	-	-81.57%	-
Shares Outstanding (Basic)	52	47	15	2
Shares Outstanding (Diluted)	52	47	15	2
Shares Change (YoY)	11.77%	211.11%	780.91%	-
EPS (Basic)	4.90	-0.90	0.28	13.89
EPS (Diluted)	4.88	-0.90	0.28	13.27
EPS Growth	-	-	-97.89%	-
Free Cash Flow	115.21	-29.69	-75.2	34.92
Free Cash Flow Per Share	2.22	-0.64	-5.03	20.58
Gross Margin	15.47%	23.46%	40.90%	19.42%
Operating Margin	8.33%	-3.40%	-38.55%	10.63%
Profit Margin	6.01%	-9.73%	4.41%	4.22%
Free Cash Flow Margin	2.73%	-6.93%	-79.94%	6.54%
EBITDA	520.46	8.61	-31.74	59.26
EBITDA Margin	12.33%	2.01%	-33.74%	11.10%
D&A For EBITDA	168.87	23.16	4.52	2.51
EBIT	351.59	-14.55	-36.26	56.76
EBIT Margin	8.33%	-3.40%	-38.55%	10.63%
Effective Tax Rate	23.53%	-	-	9.04%

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