HwaCom Systems Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	6,683	6,106	5,504	5,253	6,094	6,193
Revenue Growth (YoY)	14.31%	10.94%	4.78%	-13.81%	-1.59%	38.16%
Cost of Revenue	5,470	4,880	4,281	4,183	4,870	4,821
Gross Profit	1,214	1,226	1,223	1,070	1,224	1,372
Selling, General & Admin	1,049	1,038	982.19	1,012	1,048	1,088
Research & Development	67.97	67.42	66.16	53.28	58.96	56.45
Operating Expenses	1,102	1,096	1,058	1,056	1,107	1,161
Operating Income	111.72	129.86	164.86	13.69	117.54	210.94
Interest Expense	-27.4	-25.41	-18.35	-11.53	-14.06	-14.73
Interest & Investment Income	10.08	9.92	12.35	9.78	2.92	1.34
Currency Exchange Gain (Loss)	-6.65	-6.65	1.51	5.6	21.01	2.08
Other Non Operating Income (Expenses)	21.14	25.05	-0.03	49.75	36	20.9
EBT Excluding Unusual Items	108.89	132.77	160.36	67.29	163.4	220.52
Gain (Loss) on Sale of Investments	1.64	1.64	9.14	3.63	-	-
Gain (Loss) on Sale of Assets	2.07	2.07	0.28	0.22	0.22	0.34
Pretax Income	112.6	136.48	169.77	71.14	163.62	220.86
Income Tax Expense	30.92	31.83	39.19	13.52	25.52	49.33
Earnings From Continuing Operations	81.68	104.65	130.58	57.62	138.1	171.52
Minority Interest in Earnings	1.99	0.7	-	-	-	-
Net Income	83.68	105.35	130.58	57.62	138.1	171.52
Net Income to Common	83.68	105.35	130.58	57.62	138.1	171.52
Net Income Growth	-63.95%	-19.32%	126.62%	-58.28%	-19.49%	6623.80%
Shares Outstanding (Basic)	142	141	140	138	130	120
Shares Outstanding (Diluted)	142	145	142	141	139	138
Shares Change (YoY)	-0.15%	2.55%	0.48%	1.33%	0.67%	14.90%
EPS (Basic)	0.59	0.75	0.93	0.42	1.06	1.43
EPS (Diluted)	0.57	0.71	0.92	0.41	1.01	1.26
EPS Growth	-65.08%	-23.04%	122.32%	-58.91%	-20.08%	6201.53%
Free Cash Flow	46.68	703.69	-917.09	717.69	-84.01	386.98
Free Cash Flow Per Share	0.33	4.85	-6.48	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	18.16%	20.08%	22.22%	20.37%	20.09%	22.15%
Operating Margin	1.67%	2.13%	3.00%	0.26%	1.93%	3.41%
Profit Margin	1.25%	1.73%	2.37%	1.10%	2.27%	2.77%
Free Cash Flow Margin	0.70%	11.53%	-16.66%	13.66%	-1.38%	6.25%
EBITDA	214.99	231.88	285.89	118.74	180.31	266.49
EBITDA Margin	3.22%	3.80%	5.19%	2.26%	2.96%	4.30%
D&A For EBITDA	103.26	102.02	121.02	105.06	62.77	55.55
EBIT	111.72	129.86	164.86	13.69	117.54	210.94
EBIT Margin	1.67%	2.13%	3.00%	0.26%	1.93%	3.41%
Effective Tax Rate	27.46%	23.32%	23.09%	19.00%	15.60%	22.34%

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