Thye Ming Industrial 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	8,048	8,554	9,216	9,064	8,843
Revenue Growth (YoY)	-5.91%	-7.18%	1.68%	2.50%	3.58%
Cost of Revenue	7,048	7,324	7,818	8,067	7,546
Gross Profit	1,000	1,229	1,397	996.82	1,297
Selling, General & Admin	231.49	266.26	261.98	243.47	239.6
Operating Expenses	232.29	266.27	260.84	243.92	232.7
Operating Income	767.75	962.82	1,136	752.9	1,064
Interest Expense	-0.07	-1.25	-5.98	-3.9	-4.55
Interest & Investment Income	82.43	126.33	115.68	25.77	40.55
Currency Exchange Gain (Loss)	-	187.94	9.16	94.4	-28.06
Other Non Operating Income (Expenses)	-2.17	5.82	4.18	34.12	7.17
EBT Excluding Unusual Items	847.94	1,282	1,260	903.3	1,079
Gain (Loss) on Sale of Investments	-	43.05	14.79	-11.1	-32.77
Gain (Loss) on Sale of Assets	-	0.67	1.32	0.94	-2.16
Pretax Income	847.94	1,325	1,276	893.14	1,044
Income Tax Expense	191.66	270.33	278.89	209.56	256.11
Earnings From Continuing Operations	656.28	1,055	996.74	683.58	787.96
Minority Interest in Earnings	-3.32	-	-	-3.03	-2.17
Net Income	652.95	1,055	996.74	680.54	785.79
Net Income to Common	652.95	1,055	996.74	680.54	785.79
Net Income Growth	-38.11%	5.85%	46.46%	-13.39%	123.51%
Shares Outstanding (Basic)	153	120	120	120	120
Shares Outstanding (Diluted)	154	120	120	120	120
Shares Change (YoY)	27.82%	0.01%	-0.04%	0.20%	-0.24%
EPS (Basic)	4.26	8.79	8.31	5.67	6.55
EPS (Diluted)	4.25	8.76	8.27	5.66	6.55
EPS Growth	-51.46%	5.90%	46.06%	-13.55%	123.64%
Free Cash Flow	368.92	634.07	2,231	421.38	755.21
Free Cash Flow Per Share	2.40	5.28	18.56	3.50	6.29
Dividend Per Share	-	8.366	7.181	5.577	6.274
Dividend Growth	-	16.50%	28.75%	-11.11%	260.00%
Gross Margin	12.43%	14.37%	15.16%	11.00%	14.66%
Operating Margin	9.54%	11.26%	12.33%	8.31%	12.03%
Profit Margin	8.11%	12.34%	10.82%	7.51%	8.89%
Free Cash Flow Margin	4.58%	7.41%	24.21%	4.65%	8.54%
EBITDA	835.07	1,033	1,199	813.7	1,115
EBITDA Margin	10.38%	12.08%	13.01%	8.98%	12.61%
D&A For EBITDA	67.33	70.59	62.2	60.79	51.23
EBIT	767.75	962.82	1,136	752.9	1,064
EBIT Margin	9.54%	11.26%	12.33%	8.31%	12.03%
Effective Tax Rate	22.60%	20.40%	21.86%	23.46%	24.53%

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