Glotech Industrial 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	875.93	551.52	539.01	669.52	1,956
Revenue Growth (YoY)	58.82%	2.32%	-19.49%	-65.77%	210.95%
Cost of Revenue	705.97	536.19	599.94	766.19	1,347
Gross Profit	169.96	15.33	-60.93	-96.67	608.94
Selling, General & Admin	140.96	121.88	135.61	164.42	183.82
Research & Development	55.67	32.34	3.05	2.49	0.99
Operating Expenses	196.63	154.03	138.7	167.53	186.02
Operating Income	-26.67	-138.7	-199.63	-264.2	422.92
Interest Expense	-25.04	-21.2	-20.25	-18.78	-22.38
Interest & Investment Income	1.18	2.48	4.04	2.82	1.2
Currency Exchange Gain (Loss)	-	0.09	-0.17	3.23	-0.94
Other Non Operating Income (Expenses)	32.96	7.13	5.64	-40	61.26
EBT Excluding Unusual Items	-17.57	-150.21	-210.37	-316.93	462.06
Gain (Loss) on Sale of Investments	-	-	-	3.23	-
Gain (Loss) on Sale of Assets	-	-0.27	6.22	6.59	26.93
Asset Writedown	-	7.04	-32.16	-46.82	-1.93
Pretax Income	-17.57	-143.44	-236.3	-353.94	487.06
Income Tax Expense	3.86	29.97	-21.07	8.25	26.47
Earnings From Continuing Operations	-21.43	-173.41	-215.24	-362.19	460.59
Net Income to Company	-21.43	-173.41	-215.24	-362.19	460.59
Minority Interest in Earnings	0.74	1.11	2.54	17.34	13.65
Net Income	-20.69	-172.3	-212.7	-344.85	474.24
Net Income to Common	-20.69	-172.3	-212.7	-344.85	474.24
Shares Outstanding (Basic)	129	127	127	127	127
Shares Outstanding (Diluted)	129	127	127	127	127
Shares Change (YoY)	1.72%	-	-	-	-
EPS (Basic)	-0.16	-1.36	-1.67	-2.71	3.73
EPS (Diluted)	-0.16	-1.36	-1.67	-2.71	3.73
Free Cash Flow	-227.6	-185.71	-261.82	-20.87	91.81
Free Cash Flow Per Share	-1.76	-1.46	-2.06	-0.16	0.72
Gross Margin	19.40%	2.78%	-11.30%	-14.44%	31.13%
Operating Margin	-3.04%	-25.15%	-37.04%	-39.46%	21.62%
Profit Margin	-2.36%	-31.24%	-39.46%	-51.51%	24.25%
Free Cash Flow Margin	-25.98%	-33.67%	-48.57%	-3.12%	4.69%
EBITDA	28.61	-99.01	-160.28	-215.39	459.92
EBITDA Margin	3.27%	-17.95%	-29.74%	-32.17%	23.51%
D&A For EBITDA	55.28	39.69	39.35	48.81	37
EBIT	-26.67	-138.7	-199.63	-264.2	422.92
EBIT Margin	-3.04%	-25.15%	-37.04%	-39.46%	21.62%
Effective Tax Rate	-	-	-	-	5.44%

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