Value Valves 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	2,269	2,403	2,610	2,550	2,399
Revenue Growth (YoY)	-5.55%	-7.94%	2.33%	6.29%	-0.03%
Cost of Revenue	1,571	1,565	1,774	1,724	1,594
Gross Profit	698.44	837.43	836.21	826.55	805.27
Selling, General & Admin	375.22	382.12	398.35	330.82	326.25
Research & Development	21.6	25.75	24.24	31.97	20.89
Operating Expenses	394.23	374.03	407.22	421.62	364.29
Operating Income	304.2	463.41	428.99	404.92	440.98
Interest Expense	-7.68	-11.84	-11.86	-10.73	-7.99
Interest & Investment Income	20.15	23.13	14.49	1.97	0.78
Earnings From Equity Investments	1.36	3.78	-	-	-
Currency Exchange Gain (Loss)	-1.86	32.07	18.59	42.94	-7.77
Other Non Operating Income (Expenses)	1.97	5.24	12.29	8.28	4.29
EBT Excluding Unusual Items	318.13	515.79	462.5	447.38	430.29
Gain (Loss) on Sale of Investments	0.61	3.65	-0.08	-1.4	-
Gain (Loss) on Sale of Assets	0.07	-0.09	-0.02	-0.04	-0.08
Other Unusual Items	-	-	-	1.15	-
Pretax Income	318.82	519.35	462.4	447.09	430.21
Income Tax Expense	86.68	135.68	131.09	114.09	115.7
Earnings From Continuing Operations	232.14	383.67	331.31	333	314.5
Net Income	232.14	383.67	331.31	333	314.5
Net Income to Common	232.14	383.67	331.31	333	314.5
Net Income Growth	-39.49%	15.80%	-0.51%	5.88%	6.54%
Shares Outstanding (Basic)	46	43	43	42	39
Shares Outstanding (Diluted)	47	47	47	44	39
Shares Change (YoY)	-0.05%	0.37%	5.13%	13.35%	0.06%
EPS (Basic)	5.03	8.86	7.68	7.91	8.04
EPS (Diluted)	4.98	8.30	7.21	7.58	8.03
EPS Growth	-40.01%	15.10%	-4.88%	-5.64%	6.50%
Free Cash Flow	216.82	411.05	654.09	-15.16	225.72
Free Cash Flow Per Share	4.63	8.77	14.01	-0.34	5.76
Dividend Per Share	4.000	5.002	4.798	5.250	5.750
Dividend Growth	-20.03%	4.24%	-8.60%	-8.70%	12.52%
Gross Margin	30.78%	34.86%	32.04%	32.41%	33.56%
Operating Margin	13.41%	19.29%	16.44%	15.88%	18.38%
Profit Margin	10.23%	15.97%	12.70%	13.06%	13.11%
Free Cash Flow Margin	9.55%	17.11%	25.06%	-0.59%	9.41%
EBITDA	352.56	513.15	477.71	451.83	486.49
EBITDA Margin	15.54%	21.36%	18.30%	17.72%	20.28%
D&A For EBITDA	48.36	49.74	48.72	46.91	45.51
EBIT	304.2	463.41	428.99	404.92	440.98
EBIT Margin	13.41%	19.29%	16.44%	15.88%	18.38%
Effective Tax Rate	27.19%	26.13%	28.35%	25.52%	26.90%

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