TPEX:4538 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	379.79	315.31	434.68	607.63	462.59
Revenue Growth (YoY)	20.45%	-27.46%	-28.46%	31.35%	52.70%
Cost of Revenue	319.7	257.97	329.27	466.9	374.54
Gross Profit	60.09	57.33	105.41	140.73	88.05
Selling, General & Admin	39.14	38.9	39.19	40.33	31.47
Research & Development	4.75	4.71	6.18	5.63	7.9
Operating Expenses	42.74	43.61	44.52	44.66	41.06
Operating Income	17.35	13.73	60.89	96.08	46.99
Interest Expense	-0.58	-1.05	-2.54	-0.9	-
Interest & Investment Income	5.54	5.38	6.79	1.46	0.31
Earnings From Equity Investments	-0.05	-0.02	-0.02	-0.02	-0.01
Currency Exchange Gain (Loss)	-	1.56	0.67	-1.37	-4.14
Other Non Operating Income (Expenses)	0.49	-2.69	12.33	2.73	4.86
EBT Excluding Unusual Items	22.75	16.9	78.1	97.97	48.02
Gain (Loss) on Sale of Investments	-	-	-	-	0.34
Gain (Loss) on Sale of Assets	-	-0.33	-	2.7	-
Asset Writedown	-	-5.28	-	-	-
Other Unusual Items	-	0.66	0.55	-0.93	-
Pretax Income	22.75	11.95	78.66	99.74	48.35
Income Tax Expense	5.42	0.8	17.32	19.57	9.76
Net Income	17.33	11.16	61.34	80.18	38.59
Net Income to Common	17.33	11.16	61.34	80.18	38.59
Net Income Growth	55.35%	-81.81%	-23.49%	107.76%	57.32%
Shares Outstanding (Basic)	60	58	55	52	52
Shares Outstanding (Diluted)	60	58	58	54	52
Shares Change (YoY)	3.06%	0.72%	5.84%	3.92%	-0.00%
EPS (Basic)	0.29	0.19	1.12	1.53	0.74
EPS (Diluted)	0.29	0.19	1.10	1.49	0.73
EPS Growth	52.63%	-82.74%	-25.94%	102.72%	56.32%
Free Cash Flow	85.68	78.4	-15.62	76.79	-19.02
Free Cash Flow Per Share	1.43	1.35	-0.27	1.41	-0.36
Dividend Per Share	-	0.400	0.800	0.579	0.482
Dividend Growth	-	-50.00%	38.17%	20.00%	-37.49%
Gross Margin	15.82%	18.18%	24.25%	23.16%	19.03%
Operating Margin	4.57%	4.35%	14.01%	15.81%	10.16%
Profit Margin	4.56%	3.54%	14.11%	13.20%	8.34%
Free Cash Flow Margin	22.56%	24.87%	-3.59%	12.64%	-4.11%
EBITDA	49.98	44.16	89.4	128.11	84.42
EBITDA Margin	13.16%	14.00%	20.57%	21.08%	18.25%
D&A For EBITDA	32.63	30.43	28.51	32.04	37.43
EBIT	17.35	13.73	60.89	96.08	46.99
EBIT Margin	4.57%	4.35%	14.01%	15.81%	10.16%
Effective Tax Rate	23.83%	6.68%	22.02%	19.62%	20.19%

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