National Petroleum 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	22,543	24,033	24,535	24,165	21,199
Revenue Growth (YoY)	-6.20%	-2.05%	1.53%	13.99%	15.48%
Cost of Revenue	19,781	21,261	21,807	21,585	18,633
Gross Profit	2,761	2,772	2,728	2,579	2,566
Selling, General & Admin	1,996	1,992	1,912	1,843	1,742
Operating Expenses	1,996	1,992	1,912	1,843	1,743
Operating Income	765.91	779.8	816.42	736.27	823.46
Interest Expense	-28.98	-30.15	-27.29	-33.21	-40.46
Interest & Investment Income	21.44	19.72	23.52	22.48	8.29
Earnings From Equity Investments	-	-	0.1	-4.74	-1.58
Other Non Operating Income (Expenses)	154.93	149.86	157.32	199.89	208.98
EBT Excluding Unusual Items	913.3	919.23	970.07	920.69	998.69
Gain (Loss) on Sale of Investments	-	-	7.19	-13.09	-
Gain (Loss) on Sale of Assets	-0.34	-6.52	-4.84	-1.84	15.64
Other Unusual Items	0.57	9.14	0.51	0.86	0.36
Pretax Income	913.53	921.85	972.93	906.62	1,015
Income Tax Expense	183.51	183.76	189.98	185.58	211.43
Earnings From Continuing Operations	730.02	738.1	782.95	721.05	803.26
Minority Interest in Earnings	-	-	-	3.78	7.48
Net Income	730.02	738.1	782.95	724.83	810.74
Net Income to Common	730.02	738.1	782.95	724.83	810.74
Net Income Growth	-1.09%	-5.73%	8.02%	-10.60%	2.23%
Shares Outstanding (Basic)	309	309	309	309	309
Shares Outstanding (Diluted)	310	310	310	310	310
Shares Change (YoY)	0.03%	0.03%	-0.09%	-0.03%	0.03%
EPS (Basic)	2.36	2.39	2.53	2.35	2.62
EPS (Diluted)	2.35	2.38	2.53	2.34	2.61
EPS Growth	-1.26%	-5.93%	8.12%	-10.35%	1.95%
Free Cash Flow	864.88	805.04	1,124	1,379	1,699
Free Cash Flow Per Share	2.79	2.60	3.63	4.45	5.48
Dividend Per Share	2.200	2.100	2.100	2.100	2.100
Dividend Growth	4.76%	-	-	-	-8.70%
Gross Margin	12.25%	11.53%	11.12%	10.67%	12.10%
Operating Margin	3.40%	3.25%	3.33%	3.05%	3.88%
Profit Margin	3.24%	3.07%	3.19%	3.00%	3.82%
Free Cash Flow Margin	3.84%	3.35%	4.58%	5.71%	8.02%
EBITDA	964.87	979.82	1,009	937.72	1,012
EBITDA Margin	4.28%	4.08%	4.11%	3.88%	4.77%
D&A For EBITDA	198.96	200.02	192.54	201.45	188.4
EBIT	765.91	779.8	816.42	736.27	823.46
EBIT Margin	3.40%	3.25%	3.33%	3.05%	3.88%
Effective Tax Rate	20.09%	19.93%	19.53%	20.47%	20.84%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.