Munsin Garment Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,961	1,920	1,838	1,576	1,355	1,376
Revenue Growth (YoY)	3.67%	4.46%	16.65%	16.29%	-1.55%	0.75%
Cost of Revenue	903.79	878.68	864.42	763.25	679.77	732.04
Gross Profit	1,057	1,041	973.83	812.6	675.33	644.45
Selling, General & Admin	772.98	764.06	693.78	602.7	551.9	548.5
Operating Expenses	772.98	764.06	693.78	602.7	551.9	548.5
Operating Income	284.49	277.43	280.06	209.9	123.42	95.96
Interest Expense	-3.97	-5.13	-2.26	-1.08	-0.83	-1.36
Interest & Investment Income	2.52	1.27	1.15	0.89	0.06	0.1
Earnings From Equity Investments	33.15	29.87	25.08	10.14	10.88	6.95
Currency Exchange Gain (Loss)	9.33	0.46	5.96	-1.27	4.87	4.93
Other Non Operating Income (Expenses)	6.96	7.08	4.88	6.57	28	4.61
EBT Excluding Unusual Items	332.47	310.98	314.87	225.15	166.4	111.18
Gain (Loss) on Sale of Assets	-1.13	-0.7	-	-0.37	-0.4	-0.68
Pretax Income	331.34	310.28	314.87	224.78	166	110.5
Income Tax Expense	66.41	62.2	62.83	45.06	28.36	22.33
Net Income	264.93	248.07	252.04	179.73	137.64	88.17
Net Income to Common	264.93	248.07	252.04	179.73	137.64	88.17
Net Income Growth	7.90%	-1.57%	40.23%	30.58%	56.11%	15.18%
Shares Outstanding (Basic)	65	59	55	55	55	55
Shares Outstanding (Diluted)	65	59	55	55	55	55
Shares Change (YoY)	14.09%	8.24%	-0.18%	0.12%	0.06%	0.09%
EPS (Basic)	4.10	4.19	4.61	3.29	2.52	1.61
EPS (Diluted)	4.08	4.18	4.59	3.27	2.51	1.61
EPS Growth	-5.34%	-8.93%	40.37%	30.28%	55.90%	15.00%
Free Cash Flow	102.17	-6.16	31.67	183.72	71.49	147.51
Free Cash Flow Per Share	1.57	-0.10	0.58	3.34	1.30	2.69
Dividend Per Share	3.600	3.600	4.000	3.000	-	1.500
Dividend Growth	-10.00%	-10.00%	33.33%	-	-	-
Gross Margin	53.92%	54.24%	52.98%	51.57%	49.84%	46.82%
Operating Margin	14.51%	14.45%	15.24%	13.32%	9.11%	6.97%
Profit Margin	13.51%	12.92%	13.71%	11.40%	10.16%	6.40%
Free Cash Flow Margin	5.21%	-0.32%	1.72%	11.66%	5.28%	10.72%
EBITDA	332.77	328.86	328.22	246.61	152.02	133.63
EBITDA Margin	16.97%	17.13%	17.85%	15.65%	11.22%	9.71%
D&A For EBITDA	48.28	51.44	48.16	36.71	28.59	37.67
EBIT	284.49	277.43	280.06	209.9	123.42	95.96
EBIT Margin	14.51%	14.45%	15.24%	13.32%	9.11%	6.97%
Effective Tax Rate	20.04%	20.05%	19.96%	20.04%	17.09%	20.21%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.