P-Two Industries 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	1,803	1,919	1,756	1,955	2,197
Revenue Growth (YoY)	-6.07%	9.33%	-10.22%	-10.99%	7.99%
Cost of Revenue	1,362	1,344	1,267	1,461	1,555
Gross Profit	440.25	574.82	488.61	494.7	641.78
Selling, General & Admin	270.22	283.08	255.06	259.51	266.57
Research & Development	193.16	214.64	200.31	207.21	205.83
Operating Expenses	463.38	497.73	455.37	466.72	472.4
Operating Income	-23.13	77.09	33.23	27.98	169.38
Interest Expense	-13.77	-11.93	-10.29	-7.39	-6.32
Interest & Investment Income	18.18	22	13.72	3.53	1.1
Currency Exchange Gain (Loss)	7.47	-0.02	11.88	35.56	-0.48
Other Non Operating Income (Expenses)	9.23	10.29	22.28	11.45	6.54
EBT Excluding Unusual Items	-2.02	97.43	70.82	71.13	170.22
Gain (Loss) on Sale of Investments	0.9	0.63	-	-	0.46
Gain (Loss) on Sale of Assets	-0.04	-	10.12	-	-
Pretax Income	-1.17	98.06	80.94	71.13	170.68
Income Tax Expense	-7.08	29.55	4.2	7.3	8.69
Net Income	5.92	68.51	76.74	63.82	161.99
Net Income to Common	5.92	68.51	76.74	63.82	161.99
Net Income Growth	-91.36%	-10.72%	20.23%	-60.60%	19.12%
Shares Outstanding (Basic)	54	54	54	53	52
Shares Outstanding (Diluted)	55	55	54	54	54
Shares Change (YoY)	-0.06%	0.44%	0.46%	1.03%	1.11%
EPS (Basic)	0.11	1.26	1.43	1.20	3.09
EPS (Diluted)	0.11	1.26	1.41	1.18	3.03
EPS Growth	-91.38%	-10.64%	19.49%	-61.06%	17.90%
Free Cash Flow	-50.12	153.68	98.45	216.27	84.08
Free Cash Flow Per Share	-0.92	2.82	1.81	4.00	1.57
Dividend Per Share	-	1.000	1.000	1.100	1.000
Dividend Growth	-	-	-9.09%	10.00%	100.00%
Gross Margin	24.42%	29.95%	27.83%	25.30%	29.22%
Operating Margin	-1.28%	4.02%	1.89%	1.43%	7.71%
Profit Margin	0.33%	3.57%	4.37%	3.26%	7.37%
Free Cash Flow Margin	-2.78%	8.01%	5.61%	11.06%	3.83%
EBITDA	155.58	253.52	209.58	193.59	323.68
EBITDA Margin	8.63%	13.21%	11.94%	9.90%	14.74%
D&A For EBITDA	178.7	176.43	176.34	165.61	154.3
EBIT	-23.13	77.09	33.23	27.98	169.38
EBIT Margin	-1.28%	4.02%	1.89%	1.43%	7.71%
Effective Tax Rate	-	30.13%	5.19%	10.27%	5.09%

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