Zhen Yu Hardware 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	2,299	2,175	1,968	1,842	1,729
Revenue Growth (YoY)	5.73%	10.51%	6.82%	6.54%	9.24%
Cost of Revenue	1,390	1,339	1,216	1,123	1,053
Gross Profit	909.05	836.13	751.94	718.8	676.49
Selling, General & Admin	818.78	745.38	682.85	623.83	528.41
Operating Expenses	818.78	745.38	682.85	623.83	528.41
Operating Income	90.27	90.75	69.09	94.97	148.08
Interest Expense	-31.46	-30.49	-27.14	-21.21	-18.19
Interest & Investment Income	1.79	1.54	1.4	0.7	0.25
Currency Exchange Gain (Loss)	-	-	-	-	0
Other Non Operating Income (Expenses)	23.72	19.75	11.69	7.94	8.83
EBT Excluding Unusual Items	84.32	81.54	55.03	82.4	138.97
Gain (Loss) on Sale of Investments	-	-0.05	-0.04	-0.25	-0.24
Gain (Loss) on Sale of Assets	-	-0.06	-0.09	0.28	-0.56
Other Unusual Items	-	1.84	0.1	0.08	0.32
Pretax Income	84.32	83.28	55.01	82.5	138.48
Income Tax Expense	17.15	16.59	10.26	15.59	28.02
Net Income	67.17	66.69	44.75	66.92	110.46
Net Income to Common	67.17	66.69	44.75	66.92	110.46
Net Income Growth	0.72%	49.03%	-33.13%	-39.42%	9.68%
Shares Outstanding (Basic)	21	21	21	21	19
Shares Outstanding (Diluted)	21	21	21	21	19
Shares Change (YoY)	0.16%	0.03%	-0.03%	9.15%	6.84%
EPS (Basic)	3.17	3.15	2.11	3.16	5.69
EPS (Diluted)	3.16	3.15	2.11	3.15	5.68
EPS Growth	0.46%	49.14%	-33.14%	-44.48%	2.63%
Free Cash Flow	232.85	177.56	16.5	180.06	170.52
Free Cash Flow Per Share	10.96	8.37	0.78	8.48	8.77
Dividend Per Share	-	1.909	1.182	2.000	3.454
Dividend Growth	-	61.54%	-40.91%	-42.10%	5.56%
Gross Margin	39.54%	38.45%	38.21%	39.02%	39.12%
Operating Margin	3.93%	4.17%	3.51%	5.16%	8.56%
Profit Margin	2.92%	3.07%	2.27%	3.63%	6.39%
Free Cash Flow Margin	10.13%	8.16%	0.84%	9.77%	9.86%
EBITDA	325.93	164.92	130.62	144.55	187.51
EBITDA Margin	14.17%	7.58%	6.64%	7.85%	10.84%
D&A For EBITDA	235.65	74.18	61.53	49.58	39.42
EBIT	90.27	90.75	69.09	94.97	148.08
EBIT Margin	3.93%	4.17%	3.51%	5.16%	8.56%
Effective Tax Rate	20.34%	19.92%	18.65%	18.89%	20.23%

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