Niching Industrial Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,290	1,275	1,153	976.4	1,060	1,219
Revenue Growth (YoY)	6.02%	10.54%	18.14%	-7.92%	-13.00%	26.38%
Cost of Revenue	1,032	1,007	868.56	720.64	749.45	908.46
Gross Profit	257.58	267.73	284.93	255.76	310.95	310.46
Selling, General & Admin	161.99	159.16	170.72	145.51	155.04	139.84
Research & Development	32	34.04	32.76	34.71	31.25	25.75
Operating Expenses	193.99	193.2	206.63	180.48	186.89	159.89
Operating Income	63.59	74.53	78.29	75.28	124.06	150.57
Interest Expense	-0.4	-0.45	-0.52	-1.07	-2.04	-2.78
Interest & Investment Income	17.95	17.67	7.78	8.33	4.87	2.34
Earnings From Equity Investments	13.65	18.96	31.67	18.91	59.97	15.15
Currency Exchange Gain (Loss)	-26.86	-26.86	20.8	1.29	40.74	-6.7
Other Non Operating Income (Expenses)	3.34	5.79	5.46	9.09	6.53	7.29
EBT Excluding Unusual Items	71.26	89.64	143.48	111.84	234.12	165.88
Gain (Loss) on Sale of Investments	20.9	20.9	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.02
Pretax Income	92.16	110.54	143.48	111.84	234.12	165.86
Income Tax Expense	12.66	13.94	36.03	18.3	38.15	31.43
Net Income	79.5	96.6	107.45	93.55	195.98	134.43
Net Income to Common	79.5	96.6	107.45	93.55	195.98	134.43
Net Income Growth	-29.03%	-10.10%	14.87%	-52.27%	45.78%	26.30%
Shares Outstanding (Basic)	45	45	45	44	40	40
Shares Outstanding (Diluted)	45	45	45	44	40	40
Shares Change (YoY)	-0.40%	-0.02%	2.17%	10.08%	0.15%	-0.15%
EPS (Basic)	1.77	2.15	2.39	2.12	4.91	3.37
EPS (Diluted)	1.77	2.14	2.38	2.12	4.88	3.35
EPS Growth	-28.77%	-10.08%	12.26%	-56.58%	45.62%	26.66%
Free Cash Flow	170.75	104.3	12.17	149.24	101.44	232.32
Free Cash Flow Per Share	3.79	2.31	0.27	3.38	2.53	5.80
Dividend Per Share	1.800	1.800	2.000	2.255	3.725	2.255
Dividend Growth	-10.00%	-10.00%	-11.30%	-39.47%	65.22%	27.78%
Gross Margin	19.97%	21.00%	24.70%	26.19%	29.32%	25.47%
Operating Margin	4.93%	5.85%	6.79%	7.71%	11.70%	12.35%
Profit Margin	6.16%	7.58%	9.31%	9.58%	18.48%	11.03%
Free Cash Flow Margin	13.24%	8.18%	1.05%	15.29%	9.57%	19.06%
EBITDA	76.59	87.76	91.41	87.75	136.29	161.52
EBITDA Margin	5.94%	6.88%	7.92%	8.99%	12.85%	13.25%
D&A For EBITDA	13	13.22	13.12	12.47	12.23	10.95
EBIT	63.59	74.53	78.29	75.28	124.06	150.57
EBIT Margin	4.93%	5.85%	6.79%	7.71%	11.70%	12.35%
Effective Tax Rate	13.73%	12.61%	25.11%	16.36%	16.29%	18.95%
Revenue as Reported	1,290	1,275	1,153	976.4	1,060	1,219

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