Niching Industrial Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,240	1,153	976.4	1,060	1,219	964.46
Revenue Growth (YoY)	13.77%	18.14%	-7.92%	-13.00%	26.38%	19.98%
Cost of Revenue	965.84	868.56	720.64	749.45	908.46	694.98
Gross Profit	274.25	284.93	255.76	310.95	310.46	269.47
Selling, General & Admin	164.81	170.72	145.51	155.04	139.84	131.58
Research & Development	35.3	32.76	34.71	31.25	25.75	21.19
Operating Expenses	200.1	206.63	180.48	186.89	159.89	150.79
Operating Income	74.15	78.29	75.28	124.06	150.57	118.69
Interest Expense	-0.5	-0.52	-1.07	-2.04	-2.78	-2.67
Interest & Investment Income	17.44	7.78	8.33	4.87	2.34	2.34
Earnings From Equity Investments	24.83	31.67	18.91	59.97	15.15	20.16
Currency Exchange Gain (Loss)	-19.25	20.8	1.29	40.74	-6.7	-19.36
Other Non Operating Income (Expenses)	7.08	5.46	9.09	6.53	7.29	5.55
EBT Excluding Unusual Items	103.76	143.48	111.84	234.12	165.88	124.7
Gain (Loss) on Sale of Investments	20.9	-	-	-	-	0.5
Gain (Loss) on Sale of Assets	-	-	-	-	-0.02	-0.01
Pretax Income	124.66	143.48	111.84	234.12	165.86	125.2
Income Tax Expense	14.92	36.03	18.3	38.15	31.43	18.76
Net Income	109.74	107.45	93.55	195.98	134.43	106.43
Net Income to Common	109.74	107.45	93.55	195.98	134.43	106.43
Net Income Growth	48.33%	14.87%	-52.27%	45.78%	26.30%	1.58%
Shares Outstanding (Basic)	45	45	44	40	40	40
Shares Outstanding (Diluted)	45	45	44	40	40	40
Shares Change (YoY)	0.24%	2.17%	10.08%	0.15%	-0.15%	-0.08%
EPS (Basic)	2.44	2.39	2.12	4.91	3.37	2.67
EPS (Diluted)	2.43	2.38	2.12	4.88	3.35	2.65
EPS Growth	47.93%	12.26%	-56.58%	45.62%	26.66%	1.51%
Free Cash Flow	125.32	12.17	149.24	101.44	232.32	37.56
Free Cash Flow Per Share	2.77	0.27	3.38	2.53	5.80	0.94
Dividend Per Share	2.000	2.000	2.255	3.725	2.255	1.765
Dividend Growth	-11.30%	-11.30%	-39.47%	65.22%	27.78%	-
Gross Margin	22.12%	24.70%	26.19%	29.32%	25.47%	27.94%
Operating Margin	5.98%	6.79%	7.71%	11.70%	12.35%	12.31%
Profit Margin	8.85%	9.31%	9.58%	18.48%	11.03%	11.04%
Free Cash Flow Margin	10.11%	1.05%	15.29%	9.57%	19.06%	3.89%
EBITDA	87.17	91.41	87.75	136.29	161.52	127.06
EBITDA Margin	7.03%	7.92%	8.99%	12.85%	13.25%	13.17%
D&A For EBITDA	13.02	13.12	12.47	12.23	10.95	8.37
EBIT	74.15	78.29	75.28	124.06	150.57	118.69
EBIT Margin	5.98%	6.79%	7.71%	11.70%	12.35%	12.31%
Effective Tax Rate	11.96%	25.11%	16.36%	16.29%	18.95%	14.99%
Revenue as Reported	1,240	1,153	976.4	1,060	1,219	964.46

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.