Argosy Research 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	4,148	3,473	3,004	2,608	3,016
Revenue Growth (YoY)	19.44%	15.64%	15.15%	-13.53%	16.09%
Cost of Revenue	2,079	1,736	1,602	1,583	1,746
Gross Profit	2,069	1,738	1,401	1,025	1,270
Selling, General & Admin	517.49	449.99	379.89	301.26	308.93
Research & Development	250.04	226.41	194.75	183.96	176.48
Operating Expenses	763.02	680.9	574.58	485.28	485.33
Operating Income	1,306	1,057	826.85	539.68	785.03
Interest Expense	-0.23	-0.25	-0.68	-0.31	-0.2
Interest & Investment Income	24.72	74.75	54	49.34	31.99
Currency Exchange Gain (Loss)	-	84.17	2.02	147.65	-22.87
Other Non Operating Income (Expenses)	112.26	15.24	41.95	24.17	19.75
EBT Excluding Unusual Items	1,443	1,231	924.14	760.53	813.7
Impairment of Goodwill	-	-	-	-	-10.23
Gain (Loss) on Sale of Assets	-	34.58	-0.01	0.1	2.36
Pretax Income	1,443	1,265	924.13	760.63	805.83
Income Tax Expense	300.06	252.04	195.46	149.96	166.78
Earnings From Continuing Operations	1,143	1,013	728.68	610.67	639.06
Minority Interest in Earnings	-	-	-	-	1.17
Net Income	1,143	1,013	728.68	610.67	640.22
Net Income to Common	1,143	1,013	728.68	610.67	640.22
Net Income Growth	12.80%	39.07%	19.32%	-4.62%	4.66%
Shares Outstanding (Basic)	90	90	90	90	90
Shares Outstanding (Diluted)	90	90	90	90	90
Shares Change (YoY)	-0.03%	0.23%	0.15%	-0.38%	6.10%
EPS (Basic)	12.69	11.25	8.11	6.80	7.11
EPS (Diluted)	12.69	11.25	8.11	6.80	7.11
EPS Growth	12.84%	38.75%	19.14%	-4.25%	-1.36%
Free Cash Flow	1,043	899.26	544.2	730.19	270.01
Free Cash Flow Per Share	11.58	9.98	6.05	8.13	3.00
Dividend Per Share	-	8.813	6.400	5.350	5.600
Dividend Growth	-	37.70%	19.63%	-4.46%	-
Gross Margin	49.88%	50.03%	46.66%	39.30%	42.11%
Operating Margin	31.49%	30.43%	27.53%	20.69%	26.02%
Profit Margin	27.55%	29.18%	24.26%	23.41%	21.22%
Free Cash Flow Margin	25.15%	25.89%	18.12%	27.99%	8.95%
EBITDA	1,433	1,188	951.6	660.9	894.55
EBITDA Margin	34.54%	34.19%	31.68%	25.34%	29.66%
D&A For EBITDA	126.47	130.63	124.75	121.22	109.53
EBIT	1,306	1,057	826.85	539.68	785.03
EBIT Margin	31.49%	30.43%	27.53%	20.69%	26.02%
Effective Tax Rate	20.79%	19.92%	21.15%	19.71%	20.70%

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