Max Echo Technology Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	600.38	541.67	430.41	442.28	688.4	706.9
Revenue Growth (YoY)	31.39%	25.85%	-2.68%	-35.75%	-2.62%	38.38%
Cost of Revenue	450.75	438.26	410.26	417.27	514.92	520.09
Gross Profit	149.64	103.41	20.15	25.01	173.48	186.82
Selling, General & Admin	89.76	84.79	83.16	80.86	103.64	93.9
Research & Development	28.72	27.86	18.47	33.44	20.84	20.09
Operating Expenses	118.82	113.05	101.7	113.79	124.23	114.2
Operating Income	30.81	-9.65	-81.55	-88.78	49.26	72.62
Interest Expense	-12.14	-12.26	-11.16	-9.84	-8.09	-7.24
Interest & Investment Income	0.24	0.22	0.46	0.49	0.28	0.03
Currency Exchange Gain (Loss)	6.36	6.36	3.33	3.6	14.12	-7.65
Other Non Operating Income (Expenses)	11.28	12.02	9.93	7.43	6.64	6.57
EBT Excluding Unusual Items	36.54	-3.31	-78.98	-87.09	62.21	64.32
Gain (Loss) on Sale of Assets	-0.1	-0.1	-	-	-0.04	-
Pretax Income	36.45	-3.41	-78.98	-87.09	62.17	64.32
Income Tax Expense	2.87	4.34	1.37	-10.99	12.12	6.74
Net Income	33.58	-7.75	-80.35	-76.1	50.04	57.58
Net Income to Common	33.58	-7.75	-80.35	-76.1	50.04	57.58
Net Income Growth	-	-	-	-	-13.09%	96.24%
Shares Outstanding (Basic)	38	38	38	38	36	34
Shares Outstanding (Diluted)	38	38	38	38	37	34
Shares Change (YoY)	0.00%	-	-	3.51%	8.60%	0.60%
EPS (Basic)	0.88	-0.20	-2.11	-2.00	1.38	1.71
EPS (Diluted)	0.88	-0.20	-2.11	-2.00	1.36	1.70
EPS Growth	-	-	-	-	-20.00%	95.40%
Free Cash Flow	33.05	21.34	-5.09	-66.12	6.57	55.4
Free Cash Flow Per Share	0.87	0.56	-0.13	-1.74	0.18	1.64
Dividend Per Share	-	-	-	-	0.300	0.500
Dividend Growth	-	-	-	-	-40.00%	150.00%
Gross Margin	24.92%	19.09%	4.68%	5.65%	25.20%	26.43%
Operating Margin	5.13%	-1.78%	-18.95%	-20.07%	7.16%	10.27%
Profit Margin	5.59%	-1.43%	-18.67%	-17.21%	7.27%	8.15%
Free Cash Flow Margin	5.50%	3.94%	-1.18%	-14.95%	0.95%	7.84%
EBITDA	66.05	26.8	-34.71	-39.21	93.96	110.22
EBITDA Margin	11.00%	4.95%	-8.06%	-8.87%	13.65%	15.59%
D&A For EBITDA	35.24	36.45	46.83	49.57	44.7	37.6
EBIT	30.81	-9.65	-81.55	-88.78	49.26	72.62
EBIT Margin	5.13%	-1.78%	-18.95%	-20.07%	7.16%	10.27%
Effective Tax Rate	7.87%	-	-	-	19.50%	10.48%

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