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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,436	1,521	1,543	2,785	794.65	525.38
Revenue Growth (YoY)	-11.78%	-1.48%	-44.58%	250.50%	51.25%	11.53%
Cost of Revenue	1,104	1,152	979.94	2,011	686.37	495.96
Gross Profit	332.49	368.49	563.56	774.24	108.28	29.42
Selling, General & Admin	121.49	126.09	130.01	181.01	83.08	60.83
Research & Development	3.44	2.7	1.91	2.48	2.5	2.63
Operating Expenses	127.6	132.77	133.05	181.14	86.05	64.96
Operating Income	204.9	235.71	430.51	593.11	22.22	-35.54
Interest Expense	-13.55	-12.83	-8.29	-15.86	-18.16	-14.73
Interest & Investment Income	9.19	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)	116.78	117.92	12.79	0.62	1.72	0.38
EBT Excluding Unusual Items	317.33	348.34	459.53	579.33	-17.06	-50.25
Gain (Loss) on Sale of Investments	-	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	321.78	352.82	431.6	581.02	-25.83	-58.15
Income Tax Expense	72.7	79.35	63.78	64.67	2.69	3.12
Earnings From Continuing Operations	249.07	273.47	367.82	516.35	-28.52	-61.27
Minority Interest in Earnings	-2.76	-3.41	-5.19	-9.62	-1.05	-2.92
Net Income	246.31	270.06	362.63	506.73	-29.58	-64.19
Net Income to Common	246.31	270.06	362.63	506.73	-29.58	-64.19
Net Income Growth	-37.16%	-25.53%	-28.44%	-	-	-
Shares Outstanding (Basic)	166	166	165	153	132	131
Shares Outstanding (Diluted)	167	167	165	155	132	131
Shares Change (YoY)	0.19%	0.84%	6.92%	17.16%	0.41%	29.20%
EPS (Basic)	1.48	1.62	2.20	3.31	-0.22	-0.49
EPS (Diluted)	1.47	1.62	2.19	3.27	-0.23	-0.49
EPS Growth	-37.56%	-26.03%	-33.12%	-	-	-
Free Cash Flow	304.9	269.01	-261.07	-86.32	148.39	-70.41
Free Cash Flow Per Share	1.83	1.61	-1.58	-0.56	1.12	-0.54
Dividend Per Share	-	-	1.078	0.990	-	-
Dividend Growth	-	-	8.97%	-	-	-
Gross Margin	23.15%	24.23%	36.51%	27.80%	13.63%	5.60%
Operating Margin	14.27%	15.50%	27.89%	21.30%	2.80%	-6.77%
Profit Margin	17.15%	17.76%	23.49%	18.19%	-3.72%	-12.22%
Free Cash Flow Margin	21.23%	17.69%	-16.91%	-3.10%	18.67%	-13.40%
EBITDA	244.75	271.67	464.52	745.57	88.3	26.33
EBITDA Margin	17.04%	17.87%	30.09%	26.77%	11.11%	5.01%
D&A For EBITDA	39.85	35.96	34.01	152.47	66.08	61.87
EBIT	204.9	235.71	430.51	593.11	22.22	-35.54
EBIT Margin	14.27%	15.50%	27.89%	21.30%	2.80%	-6.77%
Effective Tax Rate	22.59%	22.49%	14.78%	11.13%	-	-

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