Horng Tong Enterprise Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	655.77	598.06	574.88	504.46	656.91	771.41
Revenue Growth (YoY)	10.91%	4.03%	13.96%	-23.21%	-14.84%	6.90%
Cost of Revenue	487.15	463.45	436.47	404.54	511.12	548.84
Gross Profit	168.62	134.61	138.41	99.92	145.79	222.57
Selling, General & Admin	147.92	164.63	153.97	142.49	151.09	153.1
Research & Development	39.64	40.43	34.43	37.12	47.82	44.84
Operating Expenses	189.7	205.78	176.44	181.28	209.07	200.09
Operating Income	-21.08	-71.17	-38.03	-81.36	-63.28	22.48
Interest Expense	-18.06	-20.21	-18.42	-10.43	-8.38	-10.08
Interest & Investment Income	1.27	1.14	1.42	0.34	0.06	0.1
Currency Exchange Gain (Loss)	-40.9	34.77	1.72	35.73	-5.68	-13.63
Other Non Operating Income (Expenses)	11.06	5.69	1.87	-0.66	0.5	4.19
EBT Excluding Unusual Items	-67.71	-49.78	-51.44	-56.38	-76.78	3.05
Gain (Loss) on Sale of Assets	-11.59	-10.5	-0.81	-0.95	-0	-0.05
Asset Writedown	-14.5	-14.5	-	-	-	-
Other Unusual Items	0.15	1.07	-0.22	0.41	0.01	-
Pretax Income	-93.65	-73.71	-52.47	-56.92	-76.77	3.01
Income Tax Expense	-1.48	2.31	3.04	-	-0.01	-0.31
Earnings From Continuing Operations	-92.16	-76.02	-55.5	-56.92	-76.77	3.32
Net Income	-92.16	-76.02	-55.5	-56.92	-76.77	3.32
Net Income to Common	-92.16	-76.02	-55.5	-56.92	-76.77	3.32
Net Income Growth	-	-	-	-	-	-37.83%
Shares Outstanding (Basic)	68	59	42	29	28	27
Shares Outstanding (Diluted)	68	59	42	29	28	27
Shares Change (YoY)	56.06%	41.02%	43.99%	2.35%	3.56%	23.27%
EPS (Basic)	-1.35	-1.29	-1.33	-1.96	-2.71	0.12
EPS (Diluted)	-1.35	-1.29	-1.33	-1.97	-2.72	0.12
EPS Growth	-	-	-	-	-	-49.98%
Free Cash Flow	-61.49	-6.53	-74.69	18.51	-25.01	-7.78
Free Cash Flow Per Share	-0.90	-0.11	-1.79	0.64	-0.88	-0.28
Gross Margin	25.71%	22.51%	24.08%	19.81%	22.19%	28.85%
Operating Margin	-3.21%	-11.90%	-6.62%	-16.13%	-9.63%	2.91%
Profit Margin	-14.05%	-12.71%	-9.65%	-11.28%	-11.69%	0.43%
Free Cash Flow Margin	-9.38%	-1.09%	-12.99%	3.67%	-3.81%	-1.01%
EBITDA	13.12	-36.67	-14.37	-57.7	-31.05	43.97
EBITDA Margin	2.00%	-6.13%	-2.50%	-11.44%	-4.73%	5.70%
D&A For EBITDA	34.2	34.49	23.67	23.66	32.23	21.49
EBIT	-21.08	-71.17	-38.03	-81.36	-63.28	22.48
EBIT Margin	-3.21%	-11.90%	-6.62%	-16.13%	-9.63%	2.91%

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