Niching Industrial 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	1,275	1,153	976.4	1,060	1,219
Revenue Growth (YoY)	10.54%	18.14%	-7.92%	-13.00%	26.38%
Cost of Revenue	1,007	868.56	720.64	749.45	908.46
Gross Profit	267.73	284.93	255.76	310.95	310.46
Selling, General & Admin	159.16	170.72	145.51	155.04	139.84
Research & Development	34.04	32.76	34.71	31.25	25.75
Operating Expenses	193.2	206.63	180.48	186.89	159.89
Operating Income	74.53	78.29	75.28	124.06	150.57
Interest Expense	-0.45	-0.52	-1.07	-2.04	-2.78
Interest & Investment Income	6.93	7.78	8.33	4.87	2.34
Earnings From Equity Investments	18.96	31.67	18.91	59.97	15.15
Currency Exchange Gain (Loss)	-	20.8	1.29	40.74	-6.7
Other Non Operating Income (Expenses)	10.57	5.46	9.09	6.53	7.29
EBT Excluding Unusual Items	110.54	143.48	111.84	234.12	165.88
Gain (Loss) on Sale of Assets	-	-	-	-	-0.02
Pretax Income	110.54	143.48	111.84	234.12	165.86
Income Tax Expense	13.94	36.03	18.3	38.15	31.43
Net Income	96.6	107.45	93.55	195.98	134.43
Net Income to Common	96.6	107.45	93.55	195.98	134.43
Net Income Growth	-10.10%	14.87%	-52.27%	45.78%	26.30%
Shares Outstanding (Basic)	45	45	44	40	40
Shares Outstanding (Diluted)	45	45	44	40	40
Shares Change (YoY)	-0.02%	2.17%	10.08%	0.15%	-0.15%
EPS (Basic)	2.15	2.39	2.12	4.91	3.37
EPS (Diluted)	2.14	2.38	2.12	4.88	3.35
EPS Growth	-10.08%	12.26%	-56.58%	45.62%	26.66%
Free Cash Flow	104.3	12.17	149.24	101.44	232.32
Free Cash Flow Per Share	2.31	0.27	3.38	2.53	5.80
Dividend Per Share	-	2.000	2.255	3.725	2.255
Dividend Growth	-	-11.30%	-39.47%	65.22%	27.78%
Gross Margin	21.00%	24.70%	26.19%	29.32%	25.47%
Operating Margin	5.85%	6.79%	7.71%	11.70%	12.35%
Profit Margin	7.58%	9.31%	9.58%	18.48%	11.03%
Free Cash Flow Margin	8.18%	1.05%	15.29%	9.57%	19.06%
EBITDA	93.24	91.41	87.75	136.29	161.52
EBITDA Margin	7.31%	7.92%	8.99%	12.85%	13.25%
D&A For EBITDA	18.71	13.12	12.47	12.23	10.95
EBIT	74.53	78.29	75.28	124.06	150.57
EBIT Margin	5.85%	6.79%	7.71%	11.70%	12.35%
Effective Tax Rate	12.61%	25.11%	16.36%	16.29%	18.95%
Revenue as Reported	1,275	1,153	976.4	1,060	1,219

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