Golden Insurance Brokers 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	4,715	4,479	3,043	2,189	2,255
Revenue Growth (YoY)	5.26%	47.19%	39.03%	-2.92%	-4.78%
Cost of Revenue	4,034	3,782	2,558	1,819	1,870
Gross Profit	680.86	697.32	485.65	369.68	385.08
Selling, General & Admin	438.53	401.98	335.92	287.42	280.26
Operating Expenses	438.53	401.98	335.98	287.42	280.26
Operating Income	242.34	295.34	149.67	82.26	104.82
Interest Expense	-2.05	-1.47	-1.54	-1.89	-2.23
Interest & Investment Income	4.35	2.95	1.59	0.47	0.18
Other Non Operating Income (Expenses)	0.87	2.4	-0.24	-0.62	-0.96
EBT Excluding Unusual Items	245.5	299.22	149.49	80.22	101.81
Legal Settlements	-24.93	-	-	-	-
Pretax Income	220.57	299.22	149.49	80.22	101.81
Income Tax Expense	47.73	60.32	30.32	15.31	20.76
Net Income	172.84	238.9	119.17	64.91	81.05
Net Income to Common	172.84	238.9	119.17	64.91	81.05
Net Income Growth	-27.65%	100.48%	83.58%	-19.91%	-12.88%
Shares Outstanding (Basic)	22	22	22	22	22
Shares Outstanding (Diluted)	22	22	22	22	22
Shares Change (YoY)	-0.09%	0.15%	0.15%	-0.07%	0.01%
EPS (Basic)	7.86	10.86	5.42	2.95	3.68
EPS (Diluted)	7.82	10.80	5.40	2.95	3.67
EPS Growth	-27.59%	100.00%	83.33%	-19.80%	-12.93%
Free Cash Flow	186.93	392.08	191.57	145.26	119.26
Free Cash Flow Per Share	8.46	17.73	8.68	6.59	5.41
Dividend Per Share	6.818	8.000	4.091	2.727	3.182
Dividend Growth	-14.77%	95.56%	50.00%	-14.28%	-
Gross Margin	14.44%	15.57%	15.96%	16.89%	17.08%
Operating Margin	5.14%	6.59%	4.92%	3.76%	4.65%
Profit Margin	3.67%	5.33%	3.92%	2.97%	3.60%
Free Cash Flow Margin	3.96%	8.75%	6.30%	6.64%	5.29%
EBITDA	280.14	327.48	171.19	101.37	123.89
EBITDA Margin	5.94%	7.31%	5.63%	4.63%	5.50%
D&A For EBITDA	37.8	32.14	21.52	19.11	19.06
EBIT	242.34	295.34	149.67	82.26	104.82
EBIT Margin	5.14%	6.59%	4.92%	3.76%	4.65%
Effective Tax Rate	21.64%	20.16%	20.28%	19.08%	20.39%

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