TSG Development 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	246.81	155.9	276.12	255.45	363.92
Revenue Growth (YoY)	58.31%	-43.54%	8.09%	-29.80%	14.74%
Cost of Revenue	199.72	174.4	244.73	219.83	319.19
Gross Profit	47.09	-18.51	31.39	35.62	44.73
Selling, General & Admin	71.03	130.25	125.43	84.68	85.03
Research & Development	3.89	10.64	19.69	15.15	14.99
Operating Expenses	78.43	136.91	149.22	99.71	96.43
Operating Income	-31.34	-155.41	-117.82	-64.09	-51.7
Interest Expense	-7.45	-9.79	-14.38	-12.92	-10.51
Interest & Investment Income	7.72	1.43	1.44	0.26	0.12
Currency Exchange Gain (Loss)	-0.14	0.03	-0.63	4.27	-0.82
Other Non Operating Income (Expenses)	0.6	-6.72	-24.65	-4.6	-2.8
EBT Excluding Unusual Items	-30.62	-170.46	-156.04	-77.07	-65.72
Impairment of Goodwill	-	-	-15.56	-0.12	-
Gain (Loss) on Sale of Investments	5.8	-	-0	-	-
Gain (Loss) on Sale of Assets	41.1	90.6	-6.99	0.23	0.11
Asset Writedown	-	-	-11.55	-3.38	-
Other Unusual Items	0.02	0.02	1.59	-	-
Pretax Income	16.31	-79.84	-188.55	-80.33	-65.61
Income Tax Expense	25.47	2.58	8.14	5.6	15.18
Earnings From Continuing Operations	-9.17	-82.42	-196.69	-85.93	-80.78
Minority Interest in Earnings	-	0.43	4.69	0.17	1.47
Net Income	-9.17	-81.99	-192.01	-85.77	-79.32
Net Income to Common	-9.17	-81.99	-192.01	-85.77	-79.32
Shares Outstanding (Basic)	130	78	69	51	47
Shares Outstanding (Diluted)	130	78	69	51	47
Shares Change (YoY)	66.46%	12.68%	37.37%	7.30%	0.84%
EPS (Basic)	-0.07	-1.05	-2.76	-1.70	-1.68
EPS (Diluted)	-0.07	-1.05	-2.76	-1.70	-1.68
Free Cash Flow	69.94	-72.44	-2.36	-8.25	-200.15
Free Cash Flow Per Share	0.54	-0.93	-0.03	-0.16	-4.25
Gross Margin	19.08%	-11.87%	11.37%	13.94%	12.29%
Operating Margin	-12.70%	-99.69%	-42.67%	-25.09%	-14.21%
Profit Margin	-3.71%	-52.59%	-69.54%	-33.57%	-21.80%
Free Cash Flow Margin	28.34%	-46.47%	-0.85%	-3.23%	-55.00%
EBITDA	-24.14	-147.36	-104.54	-48.89	-36.74
EBITDA Margin	-9.78%	-94.53%	-37.86%	-19.14%	-10.10%
D&A For EBITDA	7.21	8.05	13.29	15.19	14.96
EBIT	-31.34	-155.41	-117.82	-64.09	-51.7
EBIT Margin	-12.70%	-99.69%	-42.67%	-25.09%	-14.21%
Effective Tax Rate	156.21%	-	-	-	-

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