SHUI-MU International 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	1,118	1,136	1,178	1,241	1,084
Revenue Growth (YoY)	-1.63%	-3.54%	-5.07%	14.45%	-20.67%
Cost of Revenue	486.17	515.16	488.07	662.98	592.27
Gross Profit	631.78	621.29	690.09	578.09	492.1
Selling, General & Admin	729.36	681.44	672.64	697.57	728.59
Research & Development	10.42	11.37	13.69	11.35	14.31
Operating Expenses	741.33	692.81	686.33	708.41	742.9
Operating Income	-109.55	-71.52	3.76	-130.32	-250.8
Interest Expense	-8.71	-7.78	-6.05	-6.05	-9.68
Interest & Investment Income	5.6	6	4.68	2.87	2.17
Earnings From Equity Investments	0.98	0.62	0.5	0.27	-0.06
Currency Exchange Gain (Loss)	-1.41	1.36	0	-0.89	-0.52
Other Non Operating Income (Expenses)	12.21	12.19	11.45	11.54	24.18
EBT Excluding Unusual Items	-100.88	-59.13	14.34	-122.59	-234.71
Gain (Loss) on Sale of Investments	7.13	11.37	4.12	-9.57	-0.83
Gain (Loss) on Sale of Assets	-2.28	-0.72	-1.2	-3.18	-9.31
Other Unusual Items	-1.22	-	-0.24	0.06	1.41
Pretax Income	-97.26	-48.48	17.01	-135.28	-243.44
Income Tax Expense	-	-	-	75.35	17.24
Earnings From Continuing Operations	-97.26	-48.48	17.01	-210.63	-260.68
Minority Interest in Earnings	0	0	0.01	0.01	-0.07
Net Income	-97.26	-48.48	17.02	-210.62	-260.75
Net Income to Common	-97.26	-48.48	17.02	-210.62	-260.75
Shares Outstanding (Basic)	67	67	67	67	67
Shares Outstanding (Diluted)	67	67	67	67	67
EPS (Basic)	-1.46	-0.73	0.25	-3.15	-3.90
EPS (Diluted)	-1.46	-0.73	0.25	-3.15	-3.90
Free Cash Flow	105.76	113.7	309.24	72.07	118.6
Free Cash Flow Per Share	1.58	1.70	4.63	1.08	1.78
Dividend Per Share	-	0.200	-	-	-
Gross Margin	56.51%	54.67%	58.57%	46.58%	45.38%
Operating Margin	-9.80%	-6.29%	0.32%	-10.50%	-23.13%
Profit Margin	-8.70%	-4.27%	1.44%	-16.97%	-24.05%
Free Cash Flow Margin	9.46%	10.01%	26.25%	5.81%	10.94%
EBITDA	-60.49	-21.91	53.45	-76.68	-193.61
EBITDA Margin	-5.41%	-1.93%	4.54%	-6.18%	-17.85%
D&A For EBITDA	49.06	49.61	49.69	53.65	57.19
EBIT	-109.55	-71.52	3.76	-130.32	-250.8
EBIT Margin	-9.80%	-6.29%	0.32%	-10.50%	-23.13%

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