Merida Industry 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	26,757	29,633	27,261	37,003	29,391
Revenue Growth (YoY)	-9.71%	8.70%	-26.33%	25.90%	8.57%
Cost of Revenue	22,985	24,253	22,147	30,612	25,304
Gross Profit	3,773	5,380	5,114	6,391	4,087
Selling, General & Admin	2,296	2,316	2,238	2,258	2,311
Other Operating Expenses	-187.18	31.58	-509.81	695.47	186.83
Operating Expenses	2,109	2,347	1,728	2,954	2,498
Operating Income	1,663	3,033	3,386	3,437	1,589
Interest Expense	-211.61	-239.82	-228.5	-77.44	-47.42
Interest & Investment Income	125.49	108.66	114.14	45.44	25.76
Earnings From Equity Investments	92.06	-4,065	-684.94	623.96	4,393
Currency Exchange Gain (Loss)	-112.74	328.83	66.28	391.87	160.69
Other Non Operating Income (Expenses)	54.52	95.12	82.33	77.07	88.72
EBT Excluding Unusual Items	1,611	-738.93	2,735	4,498	6,210
Gain (Loss) on Sale of Investments	-21.71	6.27	14.4	-0.53	-5.64
Pretax Income	1,589	-732.66	2,750	4,498	6,205
Income Tax Expense	373.07	33.52	950.9	1,043	1,417
Earnings From Continuing Operations	1,216	-766.17	1,799	3,454	4,788
Minority Interest in Earnings	-16.09	67.07	-106.94	-65.36	-138.67
Net Income	1,200	-699.1	1,692	3,389	4,650
Net Income to Common	1,200	-699.1	1,692	3,389	4,650
Net Income Growth	-	-	-50.08%	-27.11%	16.43%
Shares Outstanding (Basic)	299	299	299	299	299
Shares Outstanding (Diluted)	300	299	300	301	300
Shares Change (YoY)	0.39%	-0.42%	-0.26%	0.20%	-0.18%
EPS (Basic)	4.01	-2.34	5.66	11.34	15.55
EPS (Diluted)	4.00	-2.34	5.64	11.26	15.48
EPS Growth	-	-	-49.91%	-27.26%	16.65%
Free Cash Flow	2,346	2,127	-381.71	1,591	636.68
Free Cash Flow Per Share	7.82	7.11	-1.27	5.29	2.12
Dividend Per Share	2.800	4.000	6.000	7.000	8.000
Dividend Growth	-30.00%	-33.33%	-14.29%	-12.50%	14.29%
Gross Margin	14.10%	18.16%	18.76%	17.27%	13.91%
Operating Margin	6.22%	10.23%	12.42%	9.29%	5.41%
Profit Margin	4.49%	-2.36%	6.21%	9.16%	15.82%
Free Cash Flow Margin	8.77%	7.18%	-1.40%	4.30%	2.17%
EBITDA	1,892	3,276	3,653	3,703	1,820
EBITDA Margin	7.07%	11.05%	13.40%	10.01%	6.19%
D&A For EBITDA	228.94	243	266.86	265.64	230.97
EBIT	1,663	3,033	3,386	3,437	1,589
EBIT Margin	6.22%	10.23%	12.42%	9.29%	5.41%
Effective Tax Rate	23.47%	-	34.58%	23.20%	22.83%

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