Vate 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	359.35	340.23	352.67	297.69	267.4	385.32
Revenue Growth (YoY)	6.04%	-3.53%	18.47%	11.33%	-30.60%	9.54%
Cost of Revenue	328.42	320.79	276.51	252.35	255.14	289.69
Gross Profit	30.93	19.45	76.16	45.35	12.26	95.63
Selling, General & Admin	54.48	53.56	45.7	43.5	43.09	40.77
Research & Development	4.37	4.51	3.38	2.47	2.47	0.08
Operating Expenses	58.86	58.07	49.08	45.97	45.55	41.41
Operating Income	-27.93	-38.63	27.08	-0.63	-33.3	54.22
Interest Expense	-0.69	-0.74	-0.82	-0.87	-1.18	-1.3
Interest & Investment Income	3	3.13	3.27	2.6	0.97	0.54
Currency Exchange Gain (Loss)	-3.07	-3.07	5.82	-0.42	6.78	-0.81
Other Non Operating Income (Expenses)	9.01	7.93	8.15	7.72	8.6	7.87
EBT Excluding Unusual Items	-19.68	-31.38	43.51	8.4	-18.12	60.52
Pretax Income	-19.68	-31.38	43.51	8.4	-18.12	60.52
Income Tax Expense	-0.26	-0.26	-0.04	-	-	-0
Net Income	-19.42	-31.12	43.55	8.4	-18.12	60.52
Net Income to Common	-19.42	-31.12	43.55	8.4	-18.12	60.52
Net Income Growth	-	-	418.66%	-	-	43.77%
Shares Outstanding (Basic)	79	79	79	79	79	79
Shares Outstanding (Diluted)	79	79	79	79	79	79
EPS (Basic)	-0.24	-0.39	0.55	0.11	-0.23	0.76
EPS (Diluted)	-0.24	-0.39	0.55	0.11	-0.23	0.76
EPS Growth	-	-	418.67%	-	-	43.44%
Free Cash Flow	-17.88	-39.89	49.6	-10.07	48.52	75.66
Free Cash Flow Per Share	-0.23	-0.50	0.62	-0.13	0.61	0.95
Gross Margin	8.61%	5.71%	21.60%	15.23%	4.58%	24.82%
Operating Margin	-7.77%	-11.35%	7.68%	-0.21%	-12.45%	14.07%
Profit Margin	-5.40%	-9.15%	12.35%	2.82%	-6.78%	15.71%
Free Cash Flow Margin	-4.98%	-11.72%	14.06%	-3.38%	18.14%	19.64%
EBITDA	16.68	5.82	64.15	37.13	13.01	101.9
EBITDA Margin	4.64%	1.71%	18.19%	12.47%	4.86%	26.45%
D&A For EBITDA	44.6	44.45	37.07	37.76	46.3	47.68
EBIT	-27.93	-38.63	27.08	-0.63	-33.3	54.22
EBIT Margin	-7.77%	-11.35%	7.68%	-0.21%	-12.45%	14.07%

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