Man Zai Industrial Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	768.67	792.04	836.07	964.08	927.19	811.05
Revenue Growth (YoY)	-3.41%	-5.27%	-13.28%	3.98%	14.32%	-11.68%
Cost of Revenue	595.96	553.92	578.74	709.28	749.26	655.87
Gross Profit	172.71	238.12	257.33	254.8	177.93	155.18
Selling, General & Admin	128.25	149.79	103.56	103.38	106.28	97.55
Research & Development	19.01	21.03	16.09	14.99	22.47	27.81
Operating Expenses	147.26	170.83	119.65	118.37	128.75	125.36
Operating Income	25.45	67.29	137.68	136.43	49.18	29.83
Interest Expense	-12.75	-11.99	-10.38	-7.44	-5.45	-5.24
Interest & Investment Income	29.6	36.06	31.4	5.8	4.5	8.58
Earnings From Equity Investments	-	-	0.06	-	-	-
Currency Exchange Gain (Loss)	-85.24	-	-	67.91	-19.95	-37.55
Other Non Operating Income (Expenses)	71.62	66.75	12.67	10.85	13.31	20.73
EBT Excluding Unusual Items	28.68	158.12	171.42	213.55	41.59	16.34
Gain (Loss) on Sale of Assets	-0.33	-	-	-0.42	0.02	0.05
Asset Writedown	-	-	-	-22.06	-	-
Pretax Income	26.27	158.12	171.42	191.07	41.61	16.39
Income Tax Expense	8.39	34.57	36.59	51.36	11.68	5.69
Net Income	17.88	123.55	134.83	139.71	29.93	10.7
Net Income to Common	17.88	123.55	134.83	139.71	29.93	10.7
Net Income Growth	-82.28%	-8.37%	-3.49%	366.82%	179.75%	-41.63%
Shares Outstanding (Basic)	60	59	59	59	59	59
Shares Outstanding (Diluted)	60	59	59	59	59	59
Shares Change (YoY)	1.96%	0.88%	-0.37%	0.21%	-0.41%	-1.30%
EPS (Basic)	0.30	2.09	2.29	2.37	0.51	0.18
EPS (Diluted)	0.30	2.08	2.29	2.36	0.50	0.18
EPS Growth	-82.64%	-9.17%	-3.04%	367.89%	179.13%	-40.67%
Free Cash Flow	39.02	114.95	130.91	317.39	-87.58	-171.18
Free Cash Flow Per Share	0.65	1.94	2.22	5.37	-1.49	-2.89
Dividend Per Share	1.000	1.000	0.952	1.143	-	-
Dividend Growth	5.00%	5.00%	-16.67%	-	-	-
Gross Margin	22.47%	30.06%	30.78%	26.43%	19.19%	19.13%
Operating Margin	3.31%	8.50%	16.47%	14.15%	5.30%	3.68%
Profit Margin	2.33%	15.60%	16.13%	14.49%	3.23%	1.32%
Free Cash Flow Margin	5.08%	14.51%	15.66%	32.92%	-9.45%	-21.11%
EBITDA	76.95	121.37	192.97	188.64	102.51	89.97
EBITDA Margin	10.01%	15.32%	23.08%	19.57%	11.06%	11.09%
D&A For EBITDA	51.5	54.08	55.29	52.22	53.32	60.15
EBIT	25.45	67.29	137.68	136.43	49.18	29.83
EBIT Margin	3.31%	8.50%	16.47%	14.15%	5.30%	3.68%
Effective Tax Rate	31.95%	21.86%	21.34%	26.88%	28.07%	34.73%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.