Taiwan Environment Scientific Co., Ltd. (TPE:8476)

TPE:8476 Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,245	1,521	1,543	2,785	794.65	525.38
Revenue Growth (YoY)	-19.96%	-1.48%	-44.58%	250.50%	51.25%	11.53%
Cost of Revenue	1,087	1,152	979.94	2,011	686.37	495.96
Gross Profit	158.23	368.49	563.56	774.24	108.28	29.42
Selling, General & Admin	120.61	126.09	130.01	181.01	83.08	60.83
Research & Development	3.46	2.7	1.91	2.48	2.5	2.63
Operating Expenses	121.98	132.77	133.05	181.14	86.05	64.96
Operating Income	36.25	235.71	430.51	593.11	22.22	-35.54
Interest Expense	-13.51	-12.83	-8.29	-15.86	-18.16	-14.73
Interest & Investment Income	11.57	7.53	24.73	1.86	0.93	1.17
Earnings From Equity Investments	-	-	-0.21	-0.46	-23.81	-1.58
Currency Exchange Gain (Loss)	0.02	0.02	0.01	0.07	0.05	0.03
Other Non Operating Income (Expenses)	110.48	117.92	12.79	0.62	1.72	0.38
EBT Excluding Unusual Items	144.81	348.34	459.53	579.33	-17.06	-50.25
Gain (Loss) on Sale of Investments	0.03	0.03	-	-	-	-4.8
Gain (Loss) on Sale of Assets	-0.05	-0.05	3.02	1.69	0.06	0.69
Asset Writedown	-	-	-39.5	-	-10.1	-3.79
Legal Settlements	-	-	8.55	-	-	-
Other Unusual Items	4.5	4.5	-	-	1.27	0
Pretax Income	149.28	352.82	431.6	581.02	-25.83	-58.15
Income Tax Expense	34.18	79.35	63.78	64.67	2.69	3.12
Earnings From Continuing Operations	115.1	273.47	367.82	516.35	-28.52	-61.27
Minority Interest in Earnings	-1.86	-3.41	-5.19	-9.62	-1.05	-2.92
Net Income	113.25	270.06	362.63	506.73	-29.58	-64.19
Net Income to Common	113.25	270.06	362.63	506.73	-29.58	-64.19
Net Income Growth	-62.51%	-25.53%	-28.44%	-	-	-
Shares Outstanding (Basic)	166	166	165	153	132	131
Shares Outstanding (Diluted)	166	167	165	155	132	131
Shares Change (YoY)	-0.29%	0.84%	6.92%	17.16%	0.41%	29.20%
EPS (Basic)	0.68	1.62	2.20	3.31	-0.22	-0.49
EPS (Diluted)	0.68	1.62	2.19	3.27	-0.23	-0.49
EPS Growth	-62.36%	-26.03%	-33.12%	-	-	-
Free Cash Flow	187.37	269.01	-261.07	-86.32	148.39	-70.41
Free Cash Flow Per Share	1.13	1.61	-1.58	-0.56	1.12	-0.54
Dividend Per Share	-	-	1.078	0.990	-	-
Dividend Growth	-	-	8.97%	-	-	-
Gross Margin	12.71%	24.23%	36.51%	27.80%	13.63%	5.60%
Operating Margin	2.91%	15.50%	27.89%	21.30%	2.80%	-6.77%
Profit Margin	9.09%	17.76%	23.49%	18.19%	-3.72%	-12.22%
Free Cash Flow Margin	15.05%	17.69%	-16.91%	-3.10%	18.67%	-13.40%
EBITDA	80.99	271.67	464.52	745.57	88.3	26.33
EBITDA Margin	6.50%	17.87%	30.09%	26.77%	11.11%	5.01%
D&A For EBITDA	44.74	35.96	34.01	152.47	66.08	61.87
EBIT	36.25	235.71	430.51	593.11	22.22	-35.54
EBIT Margin	2.91%	15.50%	27.89%	21.30%	2.80%	-6.77%
Effective Tax Rate	22.89%	22.49%	14.78%	11.13%	-	-

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