Leo Systems 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	4,667	4,385	3,896	3,458	6,645	3,591
Revenue Growth (YoY)	5.12%	12.56%	12.68%	-47.97%	85.07%	1.18%
Cost of Revenue	3,771	3,616	3,271	2,808	5,791	2,979
Gross Profit	896.64	768.92	624.88	649.48	854.26	611.57
Selling, General & Admin	523.43	490.7	445.43	444.77	495.93	392.78
Research & Development	58.06	56.92	40.84	40.02	39.35	36.52
Operating Expenses	574.57	544.22	488.18	464.55	552.87	431.67
Operating Income	322.07	224.71	136.7	184.93	301.39	179.9
Interest Expense	-2.2	-2.59	-0.45	-4.64	-3.26	-1.07
Interest & Investment Income	21.67	15.36	12.61	19.27	7.66	5.19
Earnings From Equity Investments	9.74	6.88	6.46	7.86	8.04	7.21
Other Non Operating Income (Expenses)	1.95	16.76	16.39	21.39	37.06	33.88
EBT Excluding Unusual Items	353.24	261.1	171.7	228.81	350.89	225.11
Pretax Income	353.24	261.1	171.7	228.81	350.89	225.11
Income Tax Expense	62.07	46.67	26.37	40.23	65.54	38.61
Earnings From Continuing Operations	291.17	214.43	145.34	188.58	285.35	186.49
Minority Interest in Earnings	0.28	0.49	0.29	-0.14	0.02	-
Net Income	291.44	214.91	145.62	188.45	285.37	186.49
Net Income to Common	291.44	214.91	145.62	188.45	285.37	186.49
Net Income Growth	72.78%	47.58%	-22.73%	-33.96%	53.02%	7.85%
Shares Outstanding (Basic)	103	91	90	89	88	87
Shares Outstanding (Diluted)	104	93	93	92	90	89
Shares Change (YoY)	11.78%	0.53%	0.79%	1.96%	1.33%	1.09%
EPS (Basic)	2.84	2.35	1.61	2.12	3.24	2.14
EPS (Diluted)	2.80	2.31	1.57	2.05	3.16	2.10
EPS Growth	54.93%	47.13%	-23.41%	-35.13%	50.48%	7.14%
Free Cash Flow	37.66	342.22	470.23	1,115	-231.75	57
Free Cash Flow Per Share	0.36	3.67	5.07	12.13	-2.57	0.64
Dividend Per Share	2.100	2.100	1.500	2.100	2.500	1.850
Dividend Growth	40.22%	40.00%	-28.57%	-16.00%	35.13%	9.47%
Gross Margin	19.21%	17.53%	16.04%	18.78%	12.86%	17.03%
Operating Margin	6.90%	5.12%	3.51%	5.35%	4.54%	5.01%
Profit Margin	6.24%	4.90%	3.74%	5.45%	4.29%	5.19%
Free Cash Flow Margin	0.81%	7.80%	12.07%	32.25%	-3.49%	1.59%
EBITDA	329.03	231.68	141.23	203.28	385.2	263.62
EBITDA Margin	7.05%	5.28%	3.62%	5.88%	5.80%	7.34%
D&A For EBITDA	6.96	6.97	4.53	18.36	83.81	83.72
EBIT	322.07	224.71	136.7	184.93	301.39	179.9
EBIT Margin	6.90%	5.12%	3.51%	5.35%	4.54%	5.01%
Effective Tax Rate	17.57%	17.88%	15.35%	17.58%	18.68%	17.15%

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