Morn Sun Feed Mill Corp. (TPEX:1240)

Morn Sun Feed Mill 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	2,772	2,857	2,910	3,371	3,000	2,277
Revenue Growth (YoY)	-5.02%	-1.83%	-13.66%	12.38%	31.74%	25.20%
Cost of Revenue	2,439	2,532	2,616	3,119	2,745	2,010
Gross Profit	332.53	325.15	294.55	251.94	254.43	266.88
Selling, General & Admin	235.58	237.46	218.32	243.32	230.94	193.95
Research & Development	7.08	6.15	4.07	4.85	5.74	18.7
Operating Expenses	247.2	244.64	220.98	250.82	233.84	208.06
Operating Income	85.32	80.51	73.56	1.13	20.59	58.82
Interest Expense	-6.59	-8.29	-9.57	-7.56	-3.11	-3.54
Interest & Investment Income	11.82	11.65	9.34	8.79	7.83	7.11
Earnings From Equity Investments	54.33	47.61	38.11	-10.7	33.84	37.11
Currency Exchange Gain (Loss)	-2.67	-2.67	-1.31	-22.05	4.73	4.06
Other Non Operating Income (Expenses)	21.82	4.13	3.6	3.73	3.78	4.03
EBT Excluding Unusual Items	164.04	132.93	113.73	-26.67	67.66	107.59
Gain (Loss) on Sale of Investments	-3.63	-3.63	5.29	-4.82	5.6	3.09
Gain (Loss) on Sale of Assets	3.16	3.16	1.72	-0.32	0.09	1.12
Asset Writedown	73.12	73.12	51.74	25.66	67.39	75.13
Other Unusual Items	0	0	0.01	-	-	-
Pretax Income	236.7	205.59	172.5	-6.15	140.74	186.93
Income Tax Expense	38.59	39.12	36.6	12.81	31.5	40.9
Earnings From Continuing Operations	198.11	166.46	135.89	-18.96	109.24	146.03
Minority Interest in Earnings	5.37	13.14	26.42	24.55	21.94	9.47
Net Income	203.48	179.6	162.31	5.59	131.17	155.49
Net Income to Common	203.48	179.6	162.31	5.59	131.17	155.49
Net Income Growth	8.32%	10.65%	2803.06%	-95.74%	-15.64%	13.99%
Shares Outstanding (Basic)	41	41	41	41	41	41
Shares Outstanding (Diluted)	41	42	41	41	41	42
Shares Change (YoY)	-0.13%	0.09%	0.22%	-0.27%	-0.10%	0.11%
EPS (Basic)	4.92	4.34	3.93	0.14	3.17	3.76
EPS (Diluted)	4.91	4.33	3.91	0.13	3.17	3.74
EPS Growth	8.60%	10.74%	2891.61%	-95.87%	-15.45%	13.93%
Free Cash Flow	145.58	141.63	215.83	-110.12	-7.89	7.17
Free Cash Flow Per Share	3.51	3.41	5.21	-2.66	-0.19	0.17
Dividend Per Share	2.700	2.700	2.095	0.934	1.778	1.694
Dividend Growth	28.87%	28.87%	124.40%	-47.50%	5.00%	3.00%
Gross Margin	12.00%	11.38%	10.12%	7.47%	8.48%	11.72%
Operating Margin	3.08%	2.82%	2.53%	0.03%	0.69%	2.58%
Profit Margin	7.34%	6.29%	5.58%	0.17%	4.37%	6.83%
Free Cash Flow Margin	5.25%	4.96%	7.42%	-3.27%	-0.26%	0.32%
EBITDA	127.5	119.79	106.52	32.38	46.37	73.12
EBITDA Margin	4.60%	4.19%	3.66%	0.96%	1.55%	3.21%
D&A For EBITDA	42.17	39.29	32.96	31.25	25.78	14.29
EBIT	85.32	80.51	73.56	1.13	20.59	58.82
EBIT Margin	3.08%	2.82%	2.53%	0.03%	0.69%	2.58%
Effective Tax Rate	16.30%	19.03%	21.22%	-	22.38%	21.88%

Updated Nov 13, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.