Man Zai Industrial 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	802.54	792.04	836.07	964.08	927.19
Revenue Growth (YoY)	1.33%	-5.27%	-13.28%	3.98%	14.32%
Cost of Revenue	627.12	553.92	578.74	709.28	749.26
Gross Profit	175.43	238.12	257.33	254.8	177.93
Selling, General & Admin	110.82	149.79	103.56	103.38	106.28
Research & Development	18.38	21.03	16.09	14.99	22.47
Operating Expenses	129.2	170.83	119.65	118.37	128.75
Operating Income	46.23	67.29	137.68	136.43	49.18
Interest Expense	-12.5	-11.99	-10.38	-7.44	-5.45
Interest & Investment Income	24.97	36.06	31.4	5.8	4.5
Earnings From Equity Investments	-	-	0.06	-	-
Currency Exchange Gain (Loss)	-	-	-	67.91	-19.95
Other Non Operating Income (Expenses)	-13.55	66.75	12.67	10.85	13.31
EBT Excluding Unusual Items	45.15	158.12	171.42	213.55	41.59
Gain (Loss) on Sale of Assets	-	-	-	-0.42	0.02
Asset Writedown	-	-	-	-22.06	-
Pretax Income	45.15	158.12	171.42	191.07	41.61
Income Tax Expense	13.51	34.57	36.59	51.36	11.68
Net Income	31.65	123.55	134.83	139.71	29.93
Net Income to Common	31.65	123.55	134.83	139.71	29.93
Net Income Growth	-74.39%	-8.37%	-3.49%	366.82%	179.75%
Shares Outstanding (Basic)	60	59	59	59	59
Shares Outstanding (Diluted)	60	59	59	59	59
Shares Change (YoY)	0.52%	0.88%	-0.37%	0.21%	-0.41%
EPS (Basic)	0.53	2.09	2.29	2.37	0.51
EPS (Diluted)	0.53	2.08	2.29	2.36	0.50
EPS Growth	-74.52%	-9.17%	-3.04%	367.89%	179.13%
Free Cash Flow	73.85	114.95	130.91	317.39	-87.58
Free Cash Flow Per Share	1.24	1.94	2.22	5.37	-1.49
Dividend Per Share	-	1.000	0.952	1.143	-
Dividend Growth	-	5.00%	-16.67%	-	-
Gross Margin	21.86%	30.06%	30.78%	26.43%	19.19%
Operating Margin	5.76%	8.50%	16.47%	14.15%	5.30%
Profit Margin	3.94%	15.60%	16.13%	14.49%	3.23%
Free Cash Flow Margin	9.20%	14.51%	15.66%	32.92%	-9.45%
EBITDA	98.65	121.37	192.97	188.64	102.51
EBITDA Margin	12.29%	15.32%	23.08%	19.57%	11.06%
D&A For EBITDA	52.42	54.08	55.29	52.22	53.32
EBIT	46.23	67.29	137.68	136.43	49.18
EBIT Margin	5.76%	8.50%	16.47%	14.15%	5.30%
Effective Tax Rate	29.91%	21.86%	21.34%	26.88%	28.07%

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