Cubtek 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	448.14	537.85	613.12	327.78	894.89
Revenue Growth (YoY)	-16.68%	-12.28%	87.06%	-63.37%	56.58%
Cost of Revenue	404.23	399.59	519.34	293.47	573.31
Gross Profit	43.92	138.26	93.78	34.3	321.58
Selling, General & Admin	125.25	127.26	143.59	127.93	113.02
Research & Development	190.93	200.39	260.94	251.71	211.19
Operating Expenses	312.29	326.2	388.35	405.86	324.21
Operating Income	-268.38	-187.94	-294.57	-371.56	-2.62
Interest Expense	-1.76	-5.09	-6.58	-4.52	-6.33
Interest & Investment Income	6.29	2.1	1.37	0.64	0.42
Earnings From Equity Investments	-	-	-	-	-3.69
Currency Exchange Gain (Loss)	-	9.28	-1.82	8.05	1.86
Other Non Operating Income (Expenses)	-19.68	11.15	14.59	27.65	12.99
EBT Excluding Unusual Items	-283.52	-170.51	-287.01	-339.75	2.62
Gain (Loss) on Sale of Investments	-	11.24	1.79	0.67	1.71
Gain (Loss) on Sale of Assets	-	248.48	-0.02	0.06	0.11
Other Unusual Items	-	0.01	-	-	-
Pretax Income	-283.52	89.21	-285.24	-339.02	4.44
Income Tax Expense	-3.04	54.57	-0.65	-25.79	-10.11
Net Income	-280.48	34.65	-284.59	-313.22	14.54
Net Income to Common	-280.48	34.65	-284.59	-313.22	14.54
Shares Outstanding (Basic)	107	96	95	91	85
Shares Outstanding (Diluted)	107	96	95	91	85
Shares Change (YoY)	11.55%	0.77%	4.26%	6.68%	33.29%
EPS (Basic)	-2.63	0.36	-3.00	-3.44	0.17
EPS (Diluted)	-2.63	0.36	-3.00	-3.44	0.17
Free Cash Flow	-200.78	-80.3	-98.02	-187.13	-163.34
Free Cash Flow Per Share	-1.88	-0.84	-1.03	-2.06	-1.92
Gross Margin	9.80%	25.71%	15.29%	10.46%	35.94%
Operating Margin	-59.89%	-34.94%	-48.05%	-113.36%	-0.29%
Profit Margin	-62.59%	6.44%	-46.42%	-95.56%	1.63%
Free Cash Flow Margin	-44.80%	-14.93%	-15.99%	-57.09%	-18.25%
EBITDA	-208.96	-151.93	-254.93	-329.62	33.35
EBITDA Margin	-46.63%	-28.25%	-41.58%	-100.56%	3.73%
D&A For EBITDA	59.42	36.01	39.64	41.94	35.97
EBIT	-268.38	-187.94	-294.57	-371.56	-2.62
EBIT Margin	-59.89%	-34.94%	-48.05%	-113.36%	-0.29%
Effective Tax Rate	-	61.16%	-	-	-

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