HEP Tech 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	665.2	389.63	625.52	802.25	812.24
Revenue Growth (YoY)	70.73%	-37.71%	-22.03%	-1.23%	75.12%
Cost of Revenue	591.46	299.29	557.8	648.79	617.95
Gross Profit	73.74	90.34	67.72	153.46	194.28
Selling, General & Admin	195.34	206.04	215.1	189.91	147.19
Research & Development	22.02	26.61	28.58	50.77	38.09
Operating Expenses	214.81	240.57	254.3	240.71	185.28
Operating Income	-141.07	-150.23	-186.58	-87.25	9
Interest Expense	-14.58	-19.09	-18.13	-8.19	-1.04
Interest & Investment Income	1.96	1.54	1.71	1.26	0.51
Earnings From Equity Investments	-	-	-7.51	-0.13	-
Currency Exchange Gain (Loss)	16.05	1.11	8.37	4.4	-6.55
Other Non Operating Income (Expenses)	5.68	8.12	8.61	6.79	7.12
EBT Excluding Unusual Items	-131.96	-158.55	-193.54	-83.12	9.05
Gain (Loss) on Sale of Assets	389.39	-0.01	-0.62	-0.72	-0.09
Asset Writedown	-10.1	-5.11	-	-0.05	-0.67
Other Unusual Items	3.83	-	-0.85	0.04	-
Pretax Income	251.17	-163.68	-195.01	-83.86	8.3
Income Tax Expense	4.65	2.5	7.25	6.17	8.14
Earnings From Continuing Operations	246.52	-166.18	-202.25	-90.04	0.16
Net Income	246.52	-166.18	-202.25	-90.04	0.16
Net Income to Common	246.52	-166.18	-202.25	-90.04	0.16
Shares Outstanding (Basic)	38	35	35	33	31
Shares Outstanding (Diluted)	38	35	35	33	31
Shares Change (YoY)	8.85%	0.03%	8.23%	6.22%	0.42%
EPS (Basic)	6.42	-4.71	-5.73	-2.76	0.01
EPS (Diluted)	6.42	-4.71	-5.73	-2.76	0.01
Free Cash Flow	-161.82	-103.79	-117.46	-277.22	-95.97
Free Cash Flow Per Share	-4.21	-2.94	-3.33	-8.51	-3.13
Gross Margin	11.09%	23.19%	10.83%	19.13%	23.92%
Operating Margin	-21.21%	-38.56%	-29.83%	-10.88%	1.11%
Profit Margin	37.06%	-42.65%	-32.33%	-11.22%	0.02%
Free Cash Flow Margin	-24.33%	-26.64%	-18.78%	-34.56%	-11.82%
EBITDA	-117.89	-118.74	-164.55	-65.12	27.07
EBITDA Margin	-17.72%	-30.47%	-26.30%	-8.12%	3.33%
D&A For EBITDA	23.19	31.49	22.04	22.13	18.06
EBIT	-141.07	-150.23	-186.58	-87.25	9
EBIT Margin	-21.21%	-38.56%	-29.83%	-10.88%	1.11%
Effective Tax Rate	1.85%	-	-	-	98.11%

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