Advanced Ceramic X 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	1,426	1,690	1,488	1,465	2,846
Revenue Growth (YoY)	-15.61%	13.55%	1.56%	-48.52%	29.81%
Cost of Revenue	813.22	924.14	909.76	933.24	1,211
Gross Profit	612.74	765.67	578.44	532.04	1,635
Selling, General & Admin	220.27	197.04	139.62	141.07	182.94
Research & Development	117.1	104.12	94.51	94.45	150.17
Operating Expenses	337	301.2	233.9	232.75	334.9
Operating Income	275.75	464.47	344.54	299.29	1,300
Interest & Investment Income	34.1	27.9	19.59	6.52	3.72
Currency Exchange Gain (Loss)	-12.38	41.56	-9.01	41.91	-24.45
Other Non Operating Income (Expenses)	0.4	0.13	0.61	0.39	5.74
EBT Excluding Unusual Items	297.86	534.06	355.73	348.11	1,285
Gain (Loss) on Sale of Assets	508.95	1.69	0.81	0.72	-
Asset Writedown	-107.26	-	-	-	-
Pretax Income	699.55	535.75	356.54	348.83	1,285
Income Tax Expense	49.25	107.15	74.1	73.48	258.15
Net Income	650.3	428.6	282.44	275.35	1,027
Net Income to Common	650.3	428.6	282.44	275.35	1,027
Net Income Growth	51.73%	51.75%	2.57%	-73.18%	23.73%
Shares Outstanding (Basic)	69	69	69	69	69
Shares Outstanding (Diluted)	69	69	69	69	69
Shares Change (YoY)	0.15%	0.10%	-0.02%	-0.14%	0.13%
EPS (Basic)	9.42	6.21	4.09	3.99	14.88
EPS (Diluted)	9.39	6.20	4.09	3.98	14.84
EPS Growth	51.45%	51.59%	2.76%	-73.18%	23.56%
Free Cash Flow	475.08	403.33	628.42	804.63	152.94
Free Cash Flow Per Share	6.86	5.83	9.09	11.64	2.21
Dividend Per Share	4.020	5.590	3.680	3.590	8.000
Dividend Growth	-28.09%	51.90%	2.51%	-55.13%	-25.93%
Gross Margin	42.97%	45.31%	38.87%	36.31%	57.44%
Operating Margin	19.34%	27.49%	23.15%	20.42%	45.67%
Profit Margin	45.60%	25.36%	18.98%	18.79%	36.08%
Free Cash Flow Margin	33.32%	23.87%	42.23%	54.91%	5.37%
EBITDA	586.44	824.66	713.37	662.15	1,578
EBITDA Margin	41.13%	48.80%	47.94%	45.19%	55.45%
D&A For EBITDA	310.69	360.19	368.84	362.86	278.24
EBIT	275.75	464.47	344.54	299.29	1,300
EBIT Margin	19.34%	27.49%	23.15%	20.42%	45.67%
Effective Tax Rate	7.04%	20.00%	20.78%	21.06%	20.09%

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