Sea & Land Integrated 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	1,357	1,818	1,803	1,957	1,988
Revenue Growth (YoY)	-25.37%	0.82%	-7.88%	-1.55%	13.78%
Cost of Revenue	1,191	1,547	1,529	1,643	1,712
Gross Profit	165.64	270.66	273.65	314.51	276.41
Selling, General & Admin	166.76	176.7	185.46	186.71	178.05
Operating Expenses	166.77	176.7	185.47	186.71	178.05
Operating Income	-1.14	93.96	88.19	127.8	98.36
Interest Expense	-6.95	-9.3	-5.42	-4.98	-6.66
Interest & Investment Income	7.7	11.34	18.26	11.41	5.79
Earnings From Equity Investments	32.7	83.31	113.41	91.26	64.55
Currency Exchange Gain (Loss)	-0.17	-0.67	-1.18	-1.99	1.48
Other Non Operating Income (Expenses)	6.99	-25.63	7.37	21.49	5.89
EBT Excluding Unusual Items	39.13	153.02	220.62	244.98	169.4
Gain (Loss) on Sale of Investments	0.01	0.03	-0.03	-3.98	-
Gain (Loss) on Sale of Assets	-2.56	-1.53	6.7	6.31	632.49
Other Unusual Items	0	0.06	-	0.01	-25.19
Pretax Income	36.59	151.58	227.29	247.32	776.71
Income Tax Expense	-7.74	21.74	19.67	31.07	30.53
Earnings From Continuing Operations	44.33	129.83	207.62	216.25	746.18
Minority Interest in Earnings	-2.72	-0.27	-4.71	-17.74	-3.59
Net Income	41.62	129.57	202.91	198.5	742.59
Net Income to Common	41.62	129.57	202.91	198.5	742.59
Net Income Growth	-67.88%	-36.14%	2.22%	-73.27%	567.68%
Shares Outstanding (Basic)	105	105	105	105	105
Shares Outstanding (Diluted)	105	105	105	105	106
Shares Change (YoY)	-0.16%	-0.22%	-	-0.70%	0.83%
EPS (Basic)	0.40	1.24	1.93	1.89	7.08
EPS (Diluted)	0.40	1.23	1.92	1.88	6.99
EPS Growth	-67.74%	-35.94%	2.13%	-73.10%	563.31%
Free Cash Flow	86.64	216.92	-62.77	29.73	-73.01
Free Cash Flow Per Share	0.82	2.06	-0.59	0.28	-0.69
Dividend Per Share	-	1.000	1.200	1.000	3.077
Dividend Growth	-	-16.67%	20.00%	-67.50%	312.01%
Gross Margin	12.21%	14.89%	15.18%	16.07%	13.90%
Operating Margin	-0.08%	5.17%	4.89%	6.53%	4.95%
Profit Margin	3.07%	7.13%	11.25%	10.14%	37.35%
Free Cash Flow Margin	6.39%	11.93%	-3.48%	1.52%	-3.67%
EBITDA	101.83	198.12	187.4	217.06	186.81
EBITDA Margin	7.51%	10.90%	10.39%	11.09%	9.40%
D&A For EBITDA	102.96	104.15	99.21	89.26	88.45
EBIT	-1.14	93.96	88.19	127.8	98.36
EBIT Margin	-0.08%	5.17%	4.89%	6.53%	4.95%
Effective Tax Rate	-	14.34%	8.65%	12.56%	3.93%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.