V-TAC Technology 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	2,152	1,797	1,101	1,605	2,113
Revenue Growth (YoY)	19.77%	63.24%	-31.41%	-24.06%	21.11%
Cost of Revenue	1,923	1,567	909.15	1,331	1,711
Gross Profit	229.33	229.8	191.67	274.01	402.09
Selling, General & Admin	186.01	201.54	186.77	203.37	228.4
Research & Development	37.89	37.31	32.84	39.81	40.19
Other Operating Expenses	-0.22	-0.12	-0.01	0.05	-0.03
Operating Expenses	225.05	238.74	219.6	242.76	268.34
Operating Income	4.28	-8.94	-27.93	31.25	133.76
Interest Expense	-15.91	-11.44	-6.3	-5.62	-2.59
Interest & Investment Income	9.92	13.43	12.1	7.69	3.13
Earnings From Equity Investments	15.75	16.63	15.58	34.44	75.98
Currency Exchange Gain (Loss)	-	16.79	-1.27	30.96	-2.56
Other Non Operating Income (Expenses)	-12.52	3.62	7.97	-1.6	3.01
EBT Excluding Unusual Items	1.53	30.09	0.14	97.12	210.72
Asset Writedown	-	-0.95	0.17	-	-
Pretax Income	1.53	29.13	0.3	97.12	210.72
Income Tax Expense	-0.45	7.43	-1.63	17.98	50.73
Net Income	1.98	21.7	1.93	79.14	160
Net Income to Common	1.98	21.7	1.93	79.14	160
Net Income Growth	-90.89%	1024.99%	-97.56%	-50.53%	239.31%
Shares Outstanding (Basic)	40	36	36	36	36
Shares Outstanding (Diluted)	40	36	36	36	36
Shares Change (YoY)	10.06%	0.85%	-1.24%	0.47%	-0.02%
EPS (Basic)	0.05	0.61	0.05	2.22	4.49
EPS (Diluted)	0.05	0.60	0.05	2.19	4.45
EPS Growth	-91.67%	1100.00%	-97.72%	-50.79%	239.69%
Free Cash Flow	-124.71	-33.24	55.43	2.08	-98.22
Free Cash Flow Per Share	-3.15	-0.93	1.55	0.06	-2.73
Dividend Per Share	-	1.000	0.500	1.600	2.500
Dividend Growth	-	100.00%	-68.75%	-36.00%	145.10%
Gross Margin	10.66%	12.79%	17.41%	17.07%	19.03%
Operating Margin	0.20%	-0.50%	-2.54%	1.95%	6.33%
Profit Margin	0.09%	1.21%	0.18%	4.93%	7.57%
Free Cash Flow Margin	-5.79%	-1.85%	5.04%	0.13%	-4.65%
EBITDA	11.59	-5.53	-24.26	34.11	142.73
EBITDA Margin	0.54%	-0.31%	-2.20%	2.13%	6.75%
D&A For EBITDA	7.31	3.41	3.67	2.86	8.97
EBIT	4.28	-8.94	-27.93	31.25	133.76
EBIT Margin	0.20%	-0.50%	-2.54%	1.95%	6.33%
Effective Tax Rate	-	25.51%	-	18.51%	24.07%

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