Taiwan Shin Kong Security Co., Ltd. (TPE:9925)

Taiwan Shin Kong Security 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	7,937	7,846	7,713	7,653	7,567	7,195
Revenue Growth (YoY)	3.02%	1.73%	0.78%	1.14%	5.17%	1.64%
Cost of Revenue	5,210	5,122	5,014	4,914	4,912	4,754
Gross Profit	2,726	2,724	2,699	2,738	2,655	2,441
Selling, General & Admin	1,864	1,871	1,756	1,705	1,621	1,571
Research & Development	59.79	59.27	66.86	50.58	47.16	11.08
Operating Expenses	1,923	1,930	1,823	1,756	1,675	1,584
Operating Income	803.95	794.2	875.59	982.47	979.9	856.66
Interest Expense	-47.84	-45.75	-42.47	-30.42	-23.3	-19.53
Interest & Investment Income	280.8	281.55	275.43	277.26	272.12	265.76
Earnings From Equity Investments	15.33	13.48	1.46	-19.32	-32.23	-30.18
Currency Exchange Gain (Loss)	5.91	5.91	-6.23	9.95	-10.74	-4.98
Other Non Operating Income (Expenses)	-7.73	60.17	68.88	28.94	50.75	28.83
EBT Excluding Unusual Items	1,050	1,110	1,173	1,249	1,236	1,097
Gain (Loss) on Sale of Investments	-0.19	-0.19	27.24	-4.14	2.8	20.94
Gain (Loss) on Sale of Assets	1.55	1.55	0.11	0.2	0.45	10.1
Other Unusual Items	0.02	0.02	0.01	-0	-0	-
Pretax Income	1,052	1,111	1,200	1,245	1,240	1,128
Income Tax Expense	152.6	169.25	192.22	208.58	201.58	176.33
Earnings From Continuing Operations	899.2	941.69	1,008	1,036	1,038	951.27
Minority Interest in Earnings	-60.19	-56.39	-69.93	-71.2	-75.03	-63.25
Net Income	839.01	885.3	937.88	965.18	963.13	888.02
Net Income to Common	839.01	885.3	937.88	965.18	963.13	888.02
Net Income Growth	-7.92%	-5.61%	-2.83%	0.21%	8.46%	9.09%
Shares Outstanding (Basic)	385	385	385	385	385	385
Shares Outstanding (Diluted)	386	386	386	386	386	386
Shares Change (YoY)	0.01%	0.01%	-0.01%	0.04%	0.00%	0.03%
EPS (Basic)	2.18	2.30	2.43	2.51	2.50	2.31
EPS (Diluted)	2.17	2.29	2.43	2.50	2.50	2.30
EPS Growth	-8.04%	-5.76%	-2.80%	-	8.70%	9.01%
Free Cash Flow	853.19	663.22	836.59	828.36	1,100	642.64
Free Cash Flow Per Share	2.21	1.72	2.17	2.15	2.85	1.67
Dividend Per Share	2.000	2.000	2.000	2.000	2.000	2.000
Dividend Growth	-	-	-	-	-	6.31%
Gross Margin	34.35%	34.72%	34.99%	35.78%	35.08%	33.93%
Operating Margin	10.13%	10.12%	11.35%	12.84%	12.95%	11.91%
Profit Margin	10.57%	11.28%	12.16%	12.61%	12.73%	12.34%
Free Cash Flow Margin	10.75%	8.45%	10.85%	10.82%	14.54%	8.93%
EBITDA	1,468	1,429	1,495	1,565	1,526	1,447
EBITDA Margin	18.49%	18.22%	19.38%	20.44%	20.16%	20.12%
D&A For EBITDA	663.81	635.01	619.22	582.05	545.76	590.79
EBIT	803.95	794.2	875.59	982.47	979.9	856.66
EBIT Margin	10.13%	10.12%	11.35%	12.84%	12.95%	11.91%
Effective Tax Rate	14.51%	15.24%	16.02%	16.75%	16.26%	15.64%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.