HwaCom Systems Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,840	5,504	5,253	6,094	6,193	4,482
Revenue Growth (YoY)	11.74%	4.78%	-13.81%	-1.59%	38.16%	-1.01%
Cost of Revenue	4,563	4,281	4,183	4,870	4,821	3,514
Gross Profit	1,277	1,223	1,070	1,224	1,372	968.62
Selling, General & Admin	1,021	982.19	1,012	1,048	1,088	948.09
Research & Development	65.6	66.16	53.28	58.96	56.45	22.14
Operating Expenses	1,112	1,058	1,056	1,107	1,161	970.23
Operating Income	165.44	164.86	13.69	117.54	210.94	-1.61
Interest Expense	-23.73	-18.35	-11.53	-14.06	-14.73	-13.55
Interest & Investment Income	9.99	12.35	9.78	2.92	1.34	1.43
Currency Exchange Gain (Loss)	-14.43	1.51	5.6	21.01	2.08	-0.78
Other Non Operating Income (Expenses)	10.66	-0.03	49.75	36	20.9	21.49
EBT Excluding Unusual Items	147.94	160.36	67.29	163.4	220.52	6.98
Gain (Loss) on Sale of Investments	4.31	9.14	3.63	-	-	-
Gain (Loss) on Sale of Assets	1.21	0.28	0.22	0.22	0.34	0.69
Pretax Income	153.47	169.77	71.14	163.62	220.86	7.67
Income Tax Expense	27.18	39.19	13.52	25.52	49.33	5.12
Net Income	126.35	130.58	57.62	138.1	171.52	2.55
Net Income to Common	126.35	130.58	57.62	138.1	171.52	2.55
Net Income Growth	470.33%	126.62%	-58.28%	-19.49%	6623.80%	-96.93%
Shares Outstanding (Basic)	141	140	138	130	120	120
Shares Outstanding (Diluted)	142	142	141	139	138	120
Shares Change (YoY)	-0.50%	0.48%	1.33%	0.67%	14.90%	6.30%
EPS (Basic)	0.90	0.93	0.42	1.06	1.43	0.02
EPS (Diluted)	0.89	0.92	0.41	1.01	1.26	0.02
EPS Growth	462.62%	123.00%	-58.91%	-20.08%	6201.53%	-97.26%
Free Cash Flow	147.39	-924.23	717.69	-84.01	386.98	132.73
Free Cash Flow Per Share	1.04	-6.53	5.10	-0.60	2.80	1.10
Dividend Per Share	0.450	0.450	0.300	0.300	0.310	-
Dividend Growth	50.00%	50.00%	0.10%	-3.28%	-	-
Gross Margin	21.87%	22.22%	20.37%	20.09%	22.15%	21.61%
Operating Margin	2.83%	3.00%	0.26%	1.93%	3.41%	-0.04%
Profit Margin	2.16%	2.37%	1.10%	2.27%	2.77%	0.06%
Free Cash Flow Margin	2.52%	-16.79%	13.66%	-1.38%	6.25%	2.96%
EBITDA	273.41	285.89	118.74	180.31	266.49	36.07
EBITDA Margin	4.68%	5.19%	2.26%	2.96%	4.30%	0.80%
D&A For EBITDA	107.98	121.02	105.06	62.77	55.55	37.68
EBIT	165.44	164.86	13.69	117.54	210.94	-1.61
EBIT Margin	2.83%	3.00%	0.26%	1.93%	3.41%	-0.04%
Effective Tax Rate	17.71%	23.09%	19.00%	15.60%	22.34%	66.73%

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