HwaCom Systems 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	6,106	5,504	5,253	6,094	6,193
Revenue Growth (YoY)	10.94%	4.78%	-13.81%	-1.59%	38.16%
Cost of Revenue	4,880	4,281	4,183	4,870	4,821
Gross Profit	1,226	1,223	1,070	1,224	1,372
Selling, General & Admin	1,038	982.19	1,012	1,048	1,088
Research & Development	67.42	66.16	53.28	58.96	56.45
Operating Expenses	1,096	1,058	1,056	1,107	1,161
Operating Income	129.86	164.86	13.69	117.54	210.94
Interest Expense	-25.47	-18.35	-11.53	-14.06	-14.73
Interest & Investment Income	9.92	12.35	9.78	2.92	1.34
Currency Exchange Gain (Loss)	-	1.51	5.6	21.01	2.08
Other Non Operating Income (Expenses)	22.17	-0.03	49.75	36	20.9
EBT Excluding Unusual Items	136.48	160.36	67.29	163.4	220.52
Gain (Loss) on Sale of Investments	-	9.14	3.63	-	-
Gain (Loss) on Sale of Assets	-	0.28	0.22	0.22	0.34
Pretax Income	136.48	169.77	71.14	163.62	220.86
Income Tax Expense	31.83	39.19	13.52	25.52	49.33
Earnings From Continuing Operations	104.65	130.58	57.62	138.1	171.52
Minority Interest in Earnings	0.7	-	-	-	-
Net Income	105.35	130.58	57.62	138.1	171.52
Net Income to Common	105.35	130.58	57.62	138.1	171.52
Net Income Growth	-19.32%	126.62%	-58.28%	-19.49%	6623.80%
Shares Outstanding (Basic)	140	140	138	130	120
Shares Outstanding (Diluted)	148	142	141	139	138
Shares Change (YoY)	4.86%	0.48%	1.33%	0.67%	14.90%
EPS (Basic)	0.75	0.93	0.42	1.06	1.43
EPS (Diluted)	0.71	0.92	0.41	1.01	1.26
EPS Growth	-23.06%	123.00%	-58.91%	-20.08%	6201.53%
Free Cash Flow	703.69	-924.23	717.69	-84.01	386.98
Free Cash Flow Per Share	4.74	-6.53	5.10	-0.60	2.80
Dividend Per Share	-	0.450	0.300	0.300	0.310
Dividend Growth	-	50.00%	0.10%	-3.28%	-
Gross Margin	20.08%	22.22%	20.37%	20.09%	22.15%
Operating Margin	2.13%	3.00%	0.26%	1.93%	3.41%
Profit Margin	1.73%	2.37%	1.10%	2.27%	2.77%
Free Cash Flow Margin	11.53%	-16.79%	13.66%	-1.38%	6.25%
EBITDA	231.88	285.89	118.74	180.31	266.49
EBITDA Margin	3.80%	5.19%	2.26%	2.96%	4.30%
D&A For EBITDA	102.02	121.02	105.06	62.77	55.55
EBIT	129.86	164.86	13.69	117.54	210.94
EBIT Margin	2.13%	3.00%	0.26%	1.93%	3.41%
Effective Tax Rate	23.32%	23.09%	19.00%	15.60%	22.34%

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