Kwang Ming Silk Mill 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	1,025	835.6	688.93	928.55	916.84
Revenue Growth (YoY)	22.70%	21.29%	-25.80%	1.28%	54.94%
Cost of Revenue	991	835.13	696.2	857.3	787.97
Gross Profit	34.25	0.47	-7.27	71.24	128.87
Selling, General & Admin	54.56	47.3	69.88	48.17	52.91
Operating Expenses	54.56	47.3	69.88	48.1	52.91
Operating Income	-20.31	-46.84	-77.14	23.15	75.96
Interest Expense	-2.13	-17.29	-30.25	-22.82	-16.41
Interest & Investment Income	7.24	7.75	7.8	9.77	2.8
Earnings From Equity Investments	0.28	-3.29	-8.91	2.81	3.56
Currency Exchange Gain (Loss)	-	-	0.1	-4.51	-2.76
Other Non Operating Income (Expenses)	0.96	0.82	2.73	6.51	8.74
EBT Excluding Unusual Items	-13.97	-58.85	-105.69	14.9	71.88
Gain (Loss) on Sale of Investments	14.11	6.63	-7.3	-25.69	22.57
Gain (Loss) on Sale of Assets	272.23	341.32	1,825	-	0.65
Other Unusual Items	-0.13	-0.16	-9.11	-	-0.05
Pretax Income	272.24	288.94	1,703	-10.79	95.05
Income Tax Expense	48.61	38.75	66.78	-6.44	12.45
Net Income	223.63	250.19	1,636	-4.35	82.61
Net Income to Common	223.63	250.19	1,636	-4.35	82.61
Net Income Growth	-10.62%	-84.71%	-	-	-
Shares Outstanding (Basic)	40	40	40	40	40
Shares Outstanding (Diluted)	41	41	41	40	41
Shares Change (YoY)	-0.11%	-0.68%	0.96%	-0.13%	0.13%
EPS (Basic)	5.53	6.18	40.44	-0.11	2.04
EPS (Diluted)	5.52	6.17	40.06	-0.11	2.04
EPS Growth	-10.54%	-84.60%	-	-	-
Free Cash Flow	-149.16	36	-13.83	-22.24	255.5
Free Cash Flow Per Share	-3.68	0.89	-0.34	-0.55	6.31
Dividend Per Share	-	21.500	20.000	2.000	2.000
Dividend Growth	-	7.50%	900.00%	-	-33.33%
Gross Margin	3.34%	0.06%	-1.05%	7.67%	14.06%
Operating Margin	-1.98%	-5.61%	-11.20%	2.49%	8.28%
Profit Margin	21.81%	29.94%	237.48%	-0.47%	9.01%
Free Cash Flow Margin	-14.55%	4.31%	-2.01%	-2.40%	27.87%
EBITDA	9.33	-12.42	-36.09	65.39	115.15
EBITDA Margin	0.91%	-1.49%	-5.24%	7.04%	12.56%
D&A For EBITDA	29.64	34.42	41.05	42.25	39.19
EBIT	-20.31	-46.84	-77.14	23.15	75.96
EBIT Margin	-1.98%	-5.61%	-11.20%	2.49%	8.28%
Effective Tax Rate	17.86%	13.41%	3.92%	-	13.10%

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