Taiwan Cogeneration 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	7,612	9,132	5,284	4,669	6,407
Revenue Growth (YoY)	-16.65%	72.83%	13.17%	-27.13%	-31.21%
Selling, General & Admin	521.01	48.93	122.93	132.72	96.92
Depreciation & Amortization	-	80.71	81	52.7	49.95
Amortization of Goodwill & Intangibles	-	32.74	31.18	32.35	32.04
Other Operating Expenses	6,527	8,566	5,027	4,225	5,816
Total Operating Expenses	7,048	8,729	5,262	4,442	5,995
Operating Income	563.03	403.63	21.56	226.51	412.34
Interest Expense	-125.32	-72.9	-92.4	-85.9	-66.52
Interest Income	32.54	37	35.12	13.43	8.85
Net Interest Expense	-92.77	-35.89	-57.29	-72.46	-57.66
Income (Loss) on Equity Investments	1,374	1,099	1,398	791.12	631.23
Currency Exchange Gain (Loss)	-	-1.88	12.04	23.51	-47.04
Other Non-Operating Income (Expenses)	24.37	13.39	18.45	12.67	59.65
EBT Excluding Unusual Items	1,868	1,478	1,393	981.35	998.52
Gain (Loss) on Sale of Investments	33.23	32.25	-23.7	24.43	27.88
Gain (Loss) on Sale of Assets	-	-	-0.04	-	-
Asset Writedown	-	-76.06	-46.93	-	-
Other Unusual Items	-	-0.03	3.28	0.11	-
Pretax Income	1,901	1,434	1,325	1,006	1,026
Income Tax Expense	113.51	80.19	65.44	88.86	121.01
Earnings From Continuing Ops.	1,788	1,354	1,260	917.02	905.39
Earnings From Discontinued Ops.	-	-7.2	-17.56	-	-
Net Income to Company	1,788	1,347	1,242	917.02	905.39
Minority Interest in Earnings	-	2.86	9.89	-10.24	-7.51
Net Income	1,788	1,350	1,252	906.77	897.88
Net Income to Common	1,788	1,350	1,252	906.77	897.88
Net Income Growth	32.47%	7.78%	38.10%	0.99%	-15.97%
Shares Outstanding (Basic)	730	730	687	630	624
Shares Outstanding (Diluted)	733	732	688	631	625
Shares Change (YoY)	0.16%	6.26%	9.04%	0.97%	-0.01%
EPS (Basic)	2.45	1.85	1.82	1.44	1.44
EPS (Diluted)	2.44	1.84	1.82	1.44	1.43
EPS Growth	32.60%	0.99%	26.65%	0.31%	-16.02%
Free Cash Flow	2,245	902.04	-1,109	1,228	1,190
Free Cash Flow Per Share	3.06	1.23	-1.61	1.95	1.90
Dividend Per Share	-	2.100	1.930	0.849	1.651
Dividend Growth	-	8.81%	127.27%	-48.57%	-7.89%
Profit Margin	23.49%	14.78%	23.70%	19.42%	14.01%
Free Cash Flow Margin	29.49%	9.88%	-20.99%	26.30%	18.58%
EBITDA	1,023	808.33	388.49	540.42	687.38
EBITDA Margin	13.44%	8.85%	7.35%	11.58%	10.73%
D&A For EBITDA	459.75	404.7	366.94	313.91	275.04
EBIT	563.03	403.63	21.56	226.51	412.34
EBIT Margin	7.40%	4.42%	0.41%	4.85%	6.44%
Effective Tax Rate	5.97%	5.59%	4.94%	8.83%	11.79%
Revenue as Reported	7,612	9,132	5,284	4,669	6,407

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