Channel Well Technology 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	10,010	8,617	10,890	6,487	10,091
Revenue Growth (YoY)	16.17%	-20.88%	67.88%	-35.72%	33.55%
Cost of Revenue	7,435	6,524	8,211	5,241	8,139
Gross Profit	2,575	2,092	2,679	1,246	1,952
Selling, General & Admin	586.8	568.26	583.92	446.04	499.13
Research & Development	292.85	282.04	262.38	220.04	231.15
Operating Expenses	879.74	850.34	845.39	661.4	727.88
Operating Income	1,695	1,242	1,834	584.12	1,224
Interest Expense	-0.29	-9.49	-24.96	-16.38	-6.92
Interest & Investment Income	97.93	135.73	128.64	68.96	60.95
Currency Exchange Gain (Loss)	-	283.7	65.32	253.98	-34.15
Other Non Operating Income (Expenses)	82.95	82.59	67	43.42	47.29
EBT Excluding Unusual Items	1,876	1,734	2,070	934.1	1,292
Gain (Loss) on Sale of Investments	-	-	-	2.87	7.9
Gain (Loss) on Sale of Assets	-	3.49	0.83	0.04	-2.13
Pretax Income	1,876	1,738	2,071	937.02	1,297
Income Tax Expense	496.21	459.34	525.93	226.38	319.31
Net Income	1,379	1,279	1,545	710.64	978.04
Net Income to Common	1,379	1,279	1,545	710.64	978.04
Net Income Growth	7.88%	-17.23%	117.38%	-27.34%	-5.43%
Shares Outstanding (Basic)	227	227	227	227	227
Shares Outstanding (Diluted)	230	230	230	231	230
Shares Change (YoY)	0.05%	-0.01%	-0.50%	0.25%	-0.08%
EPS (Basic)	6.07	5.62	6.79	3.13	4.30
EPS (Diluted)	6.00	5.56	6.72	3.08	4.25
EPS Growth	7.91%	-17.26%	118.18%	-27.53%	-5.34%
Free Cash Flow	1,740	1,504	1,298	1,216	-204.25
Free Cash Flow Per Share	7.57	6.55	5.65	5.27	-0.89
Dividend Per Share	-	4.000	4.800	2.350	3.250
Dividend Growth	-	-16.67%	104.26%	-27.69%	3.17%
Gross Margin	25.72%	24.28%	24.60%	19.20%	19.35%
Operating Margin	16.93%	14.41%	16.84%	9.01%	12.13%
Profit Margin	13.78%	14.84%	14.19%	10.96%	9.69%
Free Cash Flow Margin	17.39%	17.46%	11.92%	18.75%	-2.02%
EBITDA	1,839	1,375	1,957	708.95	1,344
EBITDA Margin	18.37%	15.96%	17.97%	10.93%	13.32%
D&A For EBITDA	143.69	133.55	122.74	124.83	119.91
EBIT	1,695	1,242	1,834	584.12	1,224
EBIT Margin	16.93%	14.41%	16.84%	9.01%	12.13%
Effective Tax Rate	26.46%	26.43%	25.40%	24.16%	24.61%

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