Zen Voce 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	1,618	1,570	1,378	1,461	1,510	1,308
Revenue Growth (YoY)	14.91%	13.90%	-5.65%	-3.23%	15.43%	9.12%
Cost of Revenue	1,082	1,050	919.75	1,026	943.03	784.11
Gross Profit	536.12	519.57	458.48	434.62	566.57	523.68
Selling, General & Admin	299.19	297.87	300.86	283.65	317.04	304.48
Research & Development	114.25	96.56	98.37	83.61	93.37	84.95
Operating Expenses	426.28	407.14	400.94	364.96	407.29	374.96
Operating Income	109.84	112.43	57.54	69.66	159.28	148.72
Interest Expense	-8.82	-9.19	-10.43	-10.57	-8.63	-6.84
Interest & Investment Income	8.35	8.71	13.73	14.98	3.82	3.46
Earnings From Equity Investments	-0.01	-0.29	-0.39	-0.57	-	-
Currency Exchange Gain (Loss)	-19.46	-19.46	16.45	-1.74	16.66	-6.27
Other Non Operating Income (Expenses)	25.18	0.28	0.59	1	0.02	1.03
EBT Excluding Unusual Items	115.08	92.48	77.48	72.76	171.16	140.11
Gain (Loss) on Sale of Investments	28.81	28.81	28.89	18.25	-32.36	16.1
Gain (Loss) on Sale of Assets	0.67	0.67	-	-0.06	-0.11	-0.68
Other Unusual Items	0.01	0.01	0.02	0.01	0.14	0.12
Pretax Income	144.57	121.97	106.39	90.95	138.82	155.65
Income Tax Expense	32.62	34.65	34	30.72	48.54	28.1
Earnings From Continuing Operations	111.95	87.32	72.38	60.23	90.28	127.55
Minority Interest in Earnings	-43.46	-46.25	-41.55	-32.33	-26.14	-19.87
Net Income	68.49	41.07	30.83	27.9	64.15	107.68
Net Income to Common	68.49	41.07	30.83	27.9	64.15	107.68
Net Income Growth	293.41%	33.20%	10.50%	-56.50%	-40.43%	40.53%
Shares Outstanding (Basic)	51	51	51	51	51	51
Shares Outstanding (Diluted)	51	51	51	51	51	51
EPS (Basic)	1.34	0.81	0.60	0.55	1.26	2.11
EPS (Diluted)	1.34	0.81	0.60	0.55	1.26	2.11
EPS Growth	306.89%	34.20%	9.68%	-56.50%	-40.40%	40.67%
Free Cash Flow	78.8	6.24	31.4	164.67	110.59	109.8
Free Cash Flow Per Share	1.54	0.12	0.62	3.23	2.17	2.15
Dividend Per Share	-	-	0.500	0.500	0.800	1.000
Dividend Growth	-	-	-	-37.50%	-20.00%	11.11%
Gross Margin	33.13%	33.10%	33.27%	29.75%	37.53%	40.04%
Operating Margin	6.79%	7.16%	4.17%	4.77%	10.55%	11.37%
Profit Margin	4.23%	2.62%	2.24%	1.91%	4.25%	8.23%
Free Cash Flow Margin	4.87%	0.40%	2.28%	11.27%	7.33%	8.40%
EBITDA	124.44	127.72	77.89	81.16	171.93	159.28
EBITDA Margin	7.69%	8.14%	5.65%	5.56%	11.39%	12.18%
D&A For EBITDA	14.6	15.29	20.35	11.51	12.65	10.56
EBIT	109.84	112.43	57.54	69.66	159.28	148.72
EBIT Margin	6.79%	7.16%	4.17%	4.77%	10.55%	11.37%
Effective Tax Rate	22.56%	28.41%	31.96%	33.77%	34.96%	18.05%
Revenue as Reported	1,618	1,570	1,378	1,461	1,510	1,308