Munsin Garment 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	1,958	1,920	1,838	1,576	1,355
Revenue Growth (YoY)	1.98%	4.46%	16.65%	16.29%	-1.55%
Cost of Revenue	900.41	878.68	864.42	763.25	679.77
Gross Profit	1,058	1,041	973.83	812.6	675.33
Selling, General & Admin	779.62	764.06	693.78	602.7	551.9
Operating Expenses	779.62	764.06	693.78	602.7	551.9
Operating Income	278.24	277.43	280.06	209.9	123.42
Interest Expense	-4.58	-5.13	-2.26	-1.08	-0.83
Interest & Investment Income	2.09	1.27	1.15	0.89	0.06
Earnings From Equity Investments	35.07	29.87	25.08	10.14	10.88
Currency Exchange Gain (Loss)	3.34	0.46	5.96	-1.27	4.87
Other Non Operating Income (Expenses)	6.86	7.08	4.88	6.57	28
EBT Excluding Unusual Items	321.03	310.98	314.87	225.15	166.4
Gain (Loss) on Sale of Assets	-1.13	-0.7	-	-0.37	-0.4
Pretax Income	319.9	310.28	314.87	224.78	166
Income Tax Expense	63.98	62.2	62.83	45.06	28.36
Net Income	255.91	248.07	252.04	179.73	137.64
Net Income to Common	255.91	248.07	252.04	179.73	137.64
Net Income Growth	3.16%	-1.57%	40.23%	30.58%	56.11%
Shares Outstanding (Basic)	65	59	55	55	55
Shares Outstanding (Diluted)	65	59	55	55	55
Shares Change (YoY)	9.22%	8.24%	-0.18%	0.12%	0.06%
EPS (Basic)	3.96	4.19	4.61	3.29	2.52
EPS (Diluted)	3.95	4.18	4.59	3.27	2.51
EPS Growth	-5.50%	-8.93%	40.37%	30.28%	55.90%
Free Cash Flow	137.98	-6.16	31.67	183.72	71.49
Free Cash Flow Per Share	2.13	-0.10	0.58	3.34	1.30
Dividend Per Share	3.600	3.600	4.000	3.000	-
Dividend Growth	-	-10.00%	33.33%	-	-
Gross Margin	54.02%	54.24%	52.98%	51.57%	49.84%
Operating Margin	14.21%	14.45%	15.24%	13.32%	9.11%
Profit Margin	13.07%	12.92%	13.71%	11.40%	10.16%
Free Cash Flow Margin	7.05%	-0.32%	1.72%	11.66%	5.28%
EBITDA	327.73	328.86	328.22	246.61	152.02
EBITDA Margin	16.74%	17.13%	17.85%	15.65%	11.22%
D&A For EBITDA	49.49	51.44	48.16	36.71	28.59
EBIT	278.24	277.43	280.06	209.9	123.42
EBIT Margin	14.21%	14.45%	15.24%	13.32%	9.11%
Effective Tax Rate	20.00%	20.05%	19.96%	20.04%	17.09%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.