Paiho Shih Holdings 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	7,577	7,000	5,269	8,073	10,141
Revenue Growth (YoY)	8.24%	32.84%	-34.73%	-20.39%	54.76%
Cost of Revenue	4,661	4,393	3,719	5,331	6,345
Gross Profit	2,916	2,607	1,551	2,742	3,796
Selling, General & Admin	1,260	1,228	1,233	1,365	1,294
Research & Development	400.32	375.87	381.64	393.54	383.13
Operating Expenses	1,661	1,609	1,617	1,680	1,713
Operating Income	1,255	998.06	-66.67	1,062	2,083
Interest Expense	-503.5	-526.41	-526.85	-246.41	-104.65
Interest & Investment Income	20.25	31.42	31.9	26.29	73.77
Currency Exchange Gain (Loss)	1.26	-0.81	-17.43	54.74	13.55
Other Non Operating Income (Expenses)	67.22	39.5	25.35	38.32	77.76
EBT Excluding Unusual Items	840.36	541.77	-553.69	934.7	2,144
Gain (Loss) on Sale of Assets	-10.67	-1.81	-3.23	-8.53	-0.27
Asset Writedown	-	-	-24.85	-46.96	-
Pretax Income	829.69	539.95	-581.77	879.21	2,143
Income Tax Expense	228	171.61	45.54	323.35	810.77
Earnings From Continuing Operations	601.69	368.35	-627.32	555.86	1,333
Minority Interest in Earnings	-0.06	-0.03	0.06	-0.11	-83.92
Net Income	601.63	368.32	-627.25	555.75	1,249
Net Income to Common	601.63	368.32	-627.25	555.75	1,249
Net Income Growth	63.34%	-	-	-55.49%	143.15%
Shares Outstanding (Basic)	420	416	347	347	347
Shares Outstanding (Diluted)	429	416	347	348	348
Shares Change (YoY)	3.17%	19.71%	-0.10%	-0.03%	0.06%
EPS (Basic)	1.43	0.89	-1.81	1.60	3.59
EPS (Diluted)	1.42	0.89	-1.81	1.60	3.59
EPS Growth	59.83%	-	-	-55.47%	143.04%
Free Cash Flow	-367.69	479.88	-1,336	-2,192	-424.4
Free Cash Flow Per Share	-0.86	1.15	-3.84	-6.30	-1.22
Dividend Per Share	0.500	0.143	-	0.181	2.268
Dividend Growth	249.89%	-	-	-92.00%	150.01%
Gross Margin	38.48%	37.24%	29.43%	33.96%	37.43%
Operating Margin	16.57%	14.26%	-1.26%	13.15%	20.54%
Profit Margin	7.94%	5.26%	-11.90%	6.88%	12.31%
Free Cash Flow Margin	-4.85%	6.86%	-25.35%	-27.15%	-4.18%
EBITDA	2,091	1,769	654.29	1,696	2,674
EBITDA Margin	27.60%	25.28%	12.42%	21.01%	26.36%
D&A For EBITDA	835.92	771.3	720.96	634.5	590.47
EBIT	1,255	998.06	-66.67	1,062	2,083
EBIT Margin	16.57%	14.26%	-1.26%	13.15%	20.54%
Effective Tax Rate	27.48%	31.78%	-	36.78%	37.83%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.