Max Echo Technology 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	541.67	430.41	442.28	688.4	706.9
Revenue Growth (YoY)	25.85%	-2.68%	-35.75%	-2.62%	38.38%
Cost of Revenue	438.26	410.26	417.27	514.92	520.09
Gross Profit	103.41	20.15	25.01	173.48	186.82
Selling, General & Admin	84.79	83.16	80.86	103.64	93.9
Research & Development	27.86	18.47	33.44	20.84	20.09
Operating Expenses	113.05	101.7	113.79	124.23	114.2
Operating Income	-9.65	-81.55	-88.78	49.26	72.62
Interest Expense	-12.26	-11.16	-9.84	-8.09	-7.24
Interest & Investment Income	0.22	0.46	0.49	0.28	0.03
Currency Exchange Gain (Loss)	-	3.33	3.6	14.12	-7.65
Other Non Operating Income (Expenses)	18.29	9.93	7.43	6.64	6.57
EBT Excluding Unusual Items	-3.41	-78.98	-87.09	62.21	64.32
Gain (Loss) on Sale of Assets	-	-	-	-0.04	-
Pretax Income	-3.41	-78.98	-87.09	62.17	64.32
Income Tax Expense	4.34	1.37	-10.99	12.12	6.74
Net Income	-7.75	-80.35	-76.1	50.04	57.58
Net Income to Common	-7.75	-80.35	-76.1	50.04	57.58
Net Income Growth	-	-	-	-13.09%	96.24%
Shares Outstanding (Basic)	39	38	38	36	34
Shares Outstanding (Diluted)	39	38	38	37	34
Shares Change (YoY)	1.77%	-	3.51%	8.60%	0.60%
EPS (Basic)	-0.20	-2.11	-2.00	1.38	1.71
EPS (Diluted)	-0.20	-2.11	-2.00	1.36	1.70
EPS Growth	-	-	-	-20.00%	95.40%
Free Cash Flow	21.34	-5.09	-66.12	6.57	55.4
Free Cash Flow Per Share	0.55	-0.13	-1.74	0.18	1.64
Dividend Per Share	-	-	-	0.300	0.500
Dividend Growth	-	-	-	-40.00%	150.00%
Gross Margin	19.09%	4.68%	5.65%	25.20%	26.43%
Operating Margin	-1.78%	-18.95%	-20.07%	7.16%	10.27%
Profit Margin	-1.43%	-18.67%	-17.21%	7.27%	8.15%
Free Cash Flow Margin	3.94%	-1.18%	-14.95%	0.95%	7.84%
EBITDA	26.8	-34.71	-39.21	93.96	110.22
EBITDA Margin	4.95%	-8.06%	-8.87%	13.65%	15.59%
D&A For EBITDA	36.45	46.83	49.57	44.7	37.6
EBIT	-9.65	-81.55	-88.78	49.26	72.62
EBIT Margin	-1.78%	-18.95%	-20.07%	7.16%	10.27%
Effective Tax Rate	-	-	-	19.50%	10.48%

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