Fulltech Fiber Glass 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	5,975	4,247	3,200	4,651	5,256
Revenue Growth (YoY)	40.69%	32.71%	-31.20%	-11.52%	53.33%
Cost of Revenue	4,328	3,633	3,212	3,814	3,842
Gross Profit	1,647	613.8	-12.23	836.64	1,414
Selling, General & Admin	595.57	475.82	453.62	566.79	653.78
Research & Development	118.85	47.82	56.89	46.68	56.01
Operating Expenses	714.42	523.64	510.51	613.47	709.8
Operating Income	932.5	90.16	-522.74	223.17	704.28
Interest Expense	-187.03	-200.26	-187.65	-141.34	-129.47
Interest & Investment Income	12.67	28.08	42.67	27.51	15.55
Earnings From Equity Investments	0.87	1.99	1.16	1.59	0.25
Currency Exchange Gain (Loss)	-54.75	27.79	-21.38	52.51	-6.62
Other Non Operating Income (Expenses)	27.79	27.8	77.16	-82.54	82.23
EBT Excluding Unusual Items	732.05	-24.44	-610.79	80.9	666.23
Gain (Loss) on Sale of Investments	123.06	80.18	-	-	-
Gain (Loss) on Sale of Assets	-0	-0.41	-0.04	-0.02	-0.01
Asset Writedown	180.21	-	-231.36	-	-
Other Unusual Items	-	-	-0.44	-25.31	-
Pretax Income	1,035	55.33	-842.63	55.56	666.22
Income Tax Expense	178.78	-7.56	-191.43	24.04	64.87
Net Income	856.54	62.89	-651.2	31.52	601.35
Net Income to Common	856.54	62.89	-651.2	31.52	601.35
Net Income Growth	1262.05%	-	-	-94.76%	-
Shares Outstanding (Basic)	521	470	452	450	441
Shares Outstanding (Diluted)	523	482	452	451	501
Shares Change (YoY)	8.47%	6.57%	0.15%	-9.94%	16.43%
EPS (Basic)	1.64	0.13	-1.44	0.07	1.36
EPS (Diluted)	1.64	0.13	-1.44	0.07	1.20
EPS Growth	1161.02%	-	-	-94.31%	-
Free Cash Flow	-1,707	-1,011	-552.01	1,219	928.1
Free Cash Flow Per Share	-3.27	-2.10	-1.22	2.70	1.85
Dividend Per Share	-	-	0.100	0.098	0.571
Dividend Growth	-	-	2.04%	-82.84%	-
Gross Margin	27.57%	14.45%	-0.38%	17.99%	26.90%
Operating Margin	15.61%	2.12%	-16.34%	4.80%	13.40%
Profit Margin	14.34%	1.48%	-20.35%	0.68%	11.44%
Free Cash Flow Margin	-28.58%	-23.82%	-17.25%	26.21%	17.66%
EBITDA	1,820	770.04	150.14	941.93	1,465
EBITDA Margin	30.47%	18.13%	4.69%	20.25%	27.87%
D&A For EBITDA	887.76	679.88	672.88	718.76	760.81
EBIT	932.5	90.16	-522.74	223.17	704.28
EBIT Margin	15.61%	2.12%	-16.34%	4.80%	13.40%
Effective Tax Rate	17.27%	-	-	43.26%	9.74%

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