Jong Shyn Shipbuilding 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	6,130	4,830	4,311	4,241	4,228
Revenue Growth (YoY)	26.91%	12.05%	1.65%	0.29%	16.50%
Cost of Revenue	5,696	4,532	3,989	3,908	4,043
Gross Profit	433.52	298.44	321.45	333.21	184.94
Selling, General & Admin	142.28	129.31	113.9	111.71	99.9
Research & Development	35.57	40.61	54.16	52.37	39.15
Operating Expenses	179.2	169.92	167.88	143.49	165.27
Operating Income	254.32	128.51	153.57	189.72	19.67
Interest Expense	-187.36	-157.28	-157.91	-151.96	-72.77
Interest & Investment Income	13.3	14.65	13.02	4.17	5.57
Earnings From Equity Investments	-1.21	1.68	0.19	-	-
Currency Exchange Gain (Loss)	-	21.01	1.18	-20.86	46.35
Other Non Operating Income (Expenses)	-41.47	32.84	34.07	42.4	70.48
EBT Excluding Unusual Items	37.58	41.42	44.12	63.48	69.3
Gain (Loss) on Sale of Investments	-	-	-	-	-0.56
Gain (Loss) on Sale of Assets	-	4.26	-1.04	-	-4.36
Legal Settlements	-	-	-	90.09	-
Other Unusual Items	-	-	-	-	20.53
Pretax Income	37.58	45.68	43.08	153.57	84.91
Income Tax Expense	8.04	8.52	9.09	36.85	9.01
Net Income	29.54	37.15	33.99	116.73	75.9
Net Income to Common	29.54	37.15	33.99	116.73	75.9
Net Income Growth	-20.51%	9.30%	-70.88%	53.79%	-22.61%
Shares Outstanding (Basic)	82	83	82	80	80
Shares Outstanding (Diluted)	82	83	82	80	80
Shares Change (YoY)	-1.10%	0.69%	3.06%	0.28%	0.88%
EPS (Basic)	0.36	0.45	0.41	1.46	0.95
EPS (Diluted)	0.36	0.45	0.41	1.46	0.95
EPS Growth	-19.63%	8.77%	-71.81%	53.45%	-23.28%
Free Cash Flow	-1,955	239.65	475.3	-6.7	-103.12
Free Cash Flow Per Share	-23.83	2.89	5.77	-0.08	-1.29
Dividend Per Share	-	0.294	0.385	0.544	0.824
Dividend Growth	-	-23.51%	-29.33%	-34.00%	-79.16%
Gross Margin	7.07%	6.18%	7.46%	7.86%	4.37%
Operating Margin	4.15%	2.66%	3.56%	4.47%	0.46%
Profit Margin	0.48%	0.77%	0.79%	2.75%	1.80%
Free Cash Flow Margin	-31.89%	4.96%	11.03%	-0.16%	-2.44%
EBITDA	543.59	356.5	368.04	399.52	248.24
EBITDA Margin	8.87%	7.38%	8.54%	9.42%	5.87%
D&A For EBITDA	289.28	227.98	214.47	209.8	228.57
EBIT	254.32	128.51	153.57	189.72	19.67
EBIT Margin	4.15%	2.66%	3.56%	4.47%	0.46%
Effective Tax Rate	21.40%	18.66%	21.10%	23.99%	10.61%

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