BaaS Innovation 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	282.48	65	65.41	23.23	18.75
Revenue Growth (YoY)	334.56%	-0.63%	181.58%	23.92%	-87.67%
Cost of Revenue	252.59	47.13	50.14	15.92	14.87
Gross Profit	29.89	17.87	15.28	7.31	3.88
Selling, General & Admin	48.97	39.9	32.54	39.76	41.47
Research & Development	3.9	3.93	3.93	-	-
Operating Expenses	54.16	44.73	36.47	39.76	41.47
Operating Income	-24.27	-26.86	-21.19	-32.45	-37.59
Interest Expense	-1.45	-2.8	-2.79	-1.42	-1.11
Interest & Investment Income	0.57	0.6	1.2	3.8	2.88
Earnings From Equity Investments	-	-0.74	-0.18	-	-
Currency Exchange Gain (Loss)	-	0.17	-0.06	0.23	0.13
Other Non Operating Income (Expenses)	61.37	0.8	0.4	0.81	1.57
EBT Excluding Unusual Items	36.22	-28.83	-22.62	-29.03	-34.11
Gain (Loss) on Sale of Investments	-	22.33	3.48	-80.25	61.84
Pretax Income	36.22	-6.5	-19.14	-109.28	27.73
Income Tax Expense	-	-	-0.79	0.81	3.68
Earnings From Continuing Operations	36.22	-6.5	-18.35	-110.08	24.04
Minority Interest in Earnings	8.04	1.28	0.02	-	-
Net Income	44.26	-5.22	-18.33	-110.08	24.04
Net Income to Common	44.26	-5.22	-18.33	-110.08	24.04
Shares Outstanding (Basic)	35	28	26	26	26
Shares Outstanding (Diluted)	35	28	26	26	26
Shares Change (YoY)	22.92%	9.19%	-	-0.19%	0.19%
EPS (Basic)	1.28	-0.19	-0.71	-4.27	0.93
EPS (Diluted)	1.28	-0.19	-0.71	-4.27	0.93
Free Cash Flow	-104.74	-7.59	10.5	43.45	-27.56
Free Cash Flow Per Share	-3.03	-0.27	0.41	1.69	-1.07
Dividend Per Share	-	-	-	-	0.200
Gross Margin	10.58%	27.49%	23.36%	31.47%	20.67%
Operating Margin	-8.59%	-41.32%	-32.39%	-139.67%	-200.52%
Profit Margin	15.67%	-8.02%	-28.02%	-473.86%	128.25%
Free Cash Flow Margin	-37.08%	-11.68%	16.05%	187.05%	-147.00%
EBITDA	-22.66	-26.42	-20.8	-31.98	-36.92
EBITDA Margin	-8.02%	-40.64%	-31.79%	-137.65%	-196.94%
D&A For EBITDA	1.62	0.44	0.39	0.47	0.67
EBIT	-24.27	-26.86	-21.19	-32.45	-37.59
EBIT Margin	-8.59%	-41.32%	-32.39%	-139.67%	-200.52%
Effective Tax Rate	-	-	-	-	13.28%

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