Horng Tong Enterprise 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	725.5	598.06	574.88	504.46	656.91
Revenue Growth (YoY)	21.31%	4.03%	13.96%	-23.21%	-14.84%
Cost of Revenue	506.29	463.45	436.47	404.54	511.12
Gross Profit	219.2	134.61	138.41	99.92	145.79
Selling, General & Admin	140.13	164.63	153.97	142.49	151.09
Research & Development	46.36	40.43	34.43	37.12	47.82
Operating Expenses	193.94	205.78	176.44	181.28	209.07
Operating Income	25.26	-71.17	-38.03	-81.36	-63.28
Interest Expense	-15.85	-20.21	-18.42	-10.43	-8.38
Interest & Investment Income	2.12	1.14	1.42	0.34	0.06
Currency Exchange Gain (Loss)	-	34.77	1.72	35.73	-5.68
Other Non Operating Income (Expenses)	-10.09	5.69	1.87	-0.66	0.5
EBT Excluding Unusual Items	1.44	-49.78	-51.44	-56.38	-76.78
Gain (Loss) on Sale of Assets	-	-10.5	-0.81	-0.95	-0
Asset Writedown	-	-14.5	-	-	-
Other Unusual Items	-	1.07	-0.22	0.41	0.01
Pretax Income	1.44	-73.71	-52.47	-56.92	-76.77
Income Tax Expense	-0.37	2.31	3.04	-	-0.01
Earnings From Continuing Operations	1.82	-76.02	-55.5	-56.92	-76.77
Net Income	1.82	-76.02	-55.5	-56.92	-76.77
Net Income to Common	1.82	-76.02	-55.5	-56.92	-76.77
Shares Outstanding (Basic)	61	59	42	29	28
Shares Outstanding (Diluted)	61	59	42	29	28
Shares Change (YoY)	2.86%	41.02%	43.99%	2.35%	3.56%
EPS (Basic)	0.03	-1.29	-1.33	-1.96	-2.71
EPS (Diluted)	0.03	-1.29	-1.33	-1.97	-2.72
Free Cash Flow	-38.41	-6.53	-74.69	18.51	-25.01
Free Cash Flow Per Share	-0.63	-0.11	-1.79	0.64	-0.88
Gross Margin	30.21%	22.51%	24.08%	19.81%	22.19%
Operating Margin	3.48%	-11.90%	-6.62%	-16.13%	-9.63%
Profit Margin	0.25%	-12.71%	-9.65%	-11.28%	-11.69%
Free Cash Flow Margin	-5.29%	-1.09%	-12.99%	3.67%	-3.81%
EBITDA	73.75	-36.67	-14.37	-57.7	-31.05
EBITDA Margin	10.17%	-6.13%	-2.50%	-11.44%	-4.73%
D&A For EBITDA	48.49	34.49	23.67	23.66	32.23
EBIT	25.26	-71.17	-38.03	-81.36	-63.28
EBIT Margin	3.48%	-11.90%	-6.62%	-16.13%	-9.63%

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