TWOWAY Communications 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,196	1,736	2,325	1,020	1,174
Revenue Growth (YoY)	-31.12%	-25.34%	128.05%	-13.18%	10.86%
Cost of Revenue	730.19	1,149	1,303	627.65	739.63
Gross Profit	465.66	587.53	1,023	392.02	434.77
Selling, General & Admin	267.24	297.41	352.01	265.47	223.43
Research & Development	123.91	105.07	103.89	96.85	99.59
Operating Expenses	391.32	402.44	455.95	362.32	320.8
Operating Income	74.34	185.09	566.83	29.7	113.97
Interest Expense	-5.03	-6.81	-8.13	-8.73	-12.36
Interest & Investment Income	7.45	10.22	7.52	7.88	3.43
Currency Exchange Gain (Loss)	-2.32	43.16	-6.92	46.4	-48.58
Other Non Operating Income (Expenses)	5.26	8.19	-2.81	-0.55	8.41
EBT Excluding Unusual Items	79.7	239.86	556.48	74.7	64.87
Gain (Loss) on Sale of Assets	-	0.01	0.08	-	-
Other Unusual Items	0	-0	-	-	-
Pretax Income	79.7	239.86	556.57	74.7	64.87
Income Tax Expense	19.52	36.97	148.64	12.95	18.1
Earnings From Continuing Operations	60.18	202.89	407.92	61.75	46.77
Minority Interest in Earnings	0.78	-1.23	0.01	0.51	0.65
Net Income	60.96	201.67	407.93	62.27	47.42
Net Income to Common	60.96	201.67	407.93	62.27	47.42
Net Income Growth	-69.77%	-50.56%	555.12%	31.31%	180.03%
Shares Outstanding (Basic)	95	82	82	82	82
Shares Outstanding (Diluted)	95	84	84	82	82
Shares Change (YoY)	12.31%	-0.18%	2.95%	0.25%	0.09%
EPS (Basic)	0.64	2.45	5.00	0.76	0.58
EPS (Diluted)	0.64	2.40	4.84	0.76	0.58
EPS Growth	-73.33%	-50.41%	536.84%	31.03%	179.22%
Free Cash Flow	-225.84	-130.76	307.49	209.08	182.9
Free Cash Flow Per Share	-2.39	-1.55	3.65	2.55	2.24
Dividend Per Share	1.000	2.000	4.500	0.700	0.500
Dividend Growth	-50.00%	-55.56%	542.86%	40.00%	-
Gross Margin	38.94%	33.84%	43.98%	38.45%	37.02%
Operating Margin	6.22%	10.66%	24.38%	2.91%	9.70%
Profit Margin	5.10%	11.62%	17.54%	6.11%	4.04%
Free Cash Flow Margin	-18.89%	-7.53%	13.22%	20.51%	15.57%
EBITDA	118.97	236.59	618.3	70.48	160.04
EBITDA Margin	9.95%	13.63%	26.59%	6.91%	13.63%
D&A For EBITDA	44.63	51.49	51.47	40.79	46.07
EBIT	74.34	185.09	566.83	29.7	113.97
EBIT Margin	6.22%	10.66%	24.38%	2.91%	9.70%
Effective Tax Rate	24.49%	15.41%	26.71%	17.33%	27.90%

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