Kaori Heat Treatment 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	6,581	4,003	4,326	2,844	2,231
Revenue Growth (YoY)	64.37%	-7.45%	52.12%	27.44%	7.46%
Cost of Revenue	4,782	2,809	3,102	2,058	1,638
Gross Profit	1,799	1,195	1,224	785.63	593.6
Selling, General & Admin	536.03	436.74	426.88	354.96	295.84
Research & Development	218.29	113.1	83.81	80.51	68.48
Other Operating Expenses	20.91	-	-	-	-
Operating Expenses	775.23	548.29	512.51	439.49	363.25
Operating Income	1,024	646.56	711.44	346.14	230.36
Interest Expense	-30.86	-22.47	-33.39	-13.34	-10.33
Interest & Investment Income	20.39	8.56	8.27	1.73	2.57
Currency Exchange Gain (Loss)	-	50.42	26.58	56.84	-31.88
Other Non Operating Income (Expenses)	38.52	67.74	11.35	4.78	3.83
EBT Excluding Unusual Items	1,052	750.81	724.25	396.15	194.55
Gain (Loss) on Sale of Investments	-	-	0.96	-6.23	1
Gain (Loss) on Sale of Assets	-	-0.9	4.44	-0.06	-0.03
Other Unusual Items	-	-	0.01	-	0.01
Pretax Income	1,052	749.91	729.65	389.85	195.52
Income Tax Expense	222.26	156.87	153.12	88.83	46.36
Net Income	829.55	593.04	576.53	301.02	149.16
Net Income to Common	829.55	593.04	576.53	301.02	149.16
Net Income Growth	39.88%	2.86%	91.52%	101.82%	32.55%
Shares Outstanding (Basic)	91	90	89	89	89
Shares Outstanding (Diluted)	93	94	89	89	89
Shares Change (YoY)	-0.80%	4.68%	0.02%	-0.02%	-0.02%
EPS (Basic)	9.07	6.56	6.45	3.37	1.67
EPS (Diluted)	8.93	6.35	6.44	3.37	1.67
EPS Growth	40.73%	-1.47%	91.23%	101.82%	32.55%
Free Cash Flow	284.85	851.03	330.19	-474.86	195.78
Free Cash Flow Per Share	3.07	9.09	3.69	-5.31	2.19
Dividend Per Share	-	4.000	3.980	1.500	1.500
Dividend Growth	-	0.50%	165.33%	-	-11.77%
Gross Margin	27.34%	29.85%	28.29%	27.63%	26.60%
Operating Margin	15.56%	16.15%	16.45%	12.17%	10.32%
Profit Margin	12.61%	14.81%	13.33%	10.59%	6.69%
Free Cash Flow Margin	4.33%	21.26%	7.63%	-16.70%	8.77%
EBITDA	1,218	801.22	837.65	457.17	339.8
EBITDA Margin	18.51%	20.01%	19.36%	16.08%	15.23%
D&A For EBITDA	194.58	154.66	126.21	111.03	109.45
EBIT	1,024	646.56	711.44	346.14	230.36
EBIT Margin	15.56%	16.15%	16.45%	12.17%	10.32%
Effective Tax Rate	21.13%	20.92%	20.99%	22.79%	23.71%

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