TWOWAY Communications 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	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	1,348	1,736	2,325	1,020	1,174	1,059
Revenue Growth (YoY)	-41.10%	-25.34%	128.05%	-13.18%	10.86%	-16.60%
Cost of Revenue	863.33	1,149	1,303	627.65	739.63	647.46
Gross Profit	485.11	587.53	1,023	392.02	434.77	411.9
Selling, General & Admin	284.08	297.41	352.01	265.47	223.43	246.46
Research & Development	101.92	105.07	103.89	96.85	99.59	103.01
Operating Expenses	385.94	402.44	455.95	362.32	320.8	345.9
Operating Income	99.17	185.09	566.83	29.7	113.97	66
Interest Expense	-5.77	-6.81	-8.13	-8.73	-12.36	-10.82
Interest & Investment Income	5.72	10.22	7.52	7.88	3.43	1.9
Currency Exchange Gain (Loss)	-7.16	43.16	-6.92	46.4	-48.58	-35.88
Other Non Operating Income (Expenses)	1.24	8.19	-2.81	-0.55	8.41	10.37
EBT Excluding Unusual Items	93.2	239.86	556.48	74.7	64.87	31.57
Gain (Loss) on Sale of Assets	-	0.01	0.08	-	-	-
Other Unusual Items	-	-0	-	-	-	-
Pretax Income	93.2	239.86	556.57	74.7	64.87	31.57
Income Tax Expense	17.55	36.97	148.64	12.95	18.1	14.73
Earnings From Continuing Operations	75.65	202.89	407.92	61.75	46.77	16.84
Minority Interest in Earnings	-0.62	-1.23	0.01	0.51	0.65	0.09
Net Income	75.03	201.67	407.93	62.27	47.42	16.93
Net Income to Common	75.03	201.67	407.93	62.27	47.42	16.93
Net Income Growth	-79.01%	-50.56%	555.12%	31.31%	180.03%	-75.05%
Shares Outstanding (Basic)	92	82	82	82	82	82
Shares Outstanding (Diluted)	93	84	84	82	82	82
Shares Change (YoY)	9.81%	-0.18%	2.95%	0.25%	0.09%	-0.20%
EPS (Basic)	0.82	2.45	5.00	0.76	0.58	0.21
EPS (Diluted)	0.81	2.40	4.84	0.76	0.58	0.21
EPS Growth	-80.92%	-50.41%	536.84%	31.03%	179.22%	-74.97%
Free Cash Flow	-253.89	-130.76	307.49	209.08	182.9	305.93
Free Cash Flow Per Share	-2.74	-1.55	3.65	2.55	2.24	3.75
Dividend Per Share	1.968	1.968	4.500	0.700	0.500	0.500
Dividend Growth	-56.27%	-56.27%	542.86%	40.00%	-	-
Gross Margin	35.98%	33.84%	43.98%	38.45%	37.02%	38.88%
Operating Margin	7.35%	10.66%	24.38%	2.91%	9.70%	6.23%
Profit Margin	5.56%	11.62%	17.54%	6.11%	4.04%	1.60%
Free Cash Flow Margin	-18.83%	-7.53%	13.22%	20.51%	15.57%	28.88%
EBITDA	145.74	236.59	618.3	70.48	160.04	112.78
EBITDA Margin	10.81%	13.63%	26.59%	6.91%	13.63%	10.65%
D&A For EBITDA	46.57	51.49	51.47	40.79	46.07	46.78
EBIT	99.17	185.09	566.83	29.7	113.97	66
EBIT Margin	7.35%	10.66%	24.38%	2.91%	9.70%	6.23%
Effective Tax Rate	18.83%	15.41%	26.71%	17.33%	27.90%	46.66%

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