Taiwan Thick-Film Ind. 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	1,600	1,502	1,637	1,939	1,914
Revenue Growth (YoY)	6.56%	-8.27%	-15.57%	1.35%	30.25%
Cost of Revenue	1,407	1,356	1,492	1,739	1,718
Gross Profit	193.22	145.65	145.74	200.14	195.59
Selling, General & Admin	117.34	115.6	113.53	113.8	102.77
Research & Development	47.82	47.15	47.8	65.56	58.19
Operating Expenses	132.36	197.98	162.06	179.76	152.01
Operating Income	60.86	-52.33	-16.32	20.38	43.58
Interest Expense	-13.22	-14.63	-16.69	-16.66	-15.13
Interest & Investment Income	6.86	12.64	4.31	1.21	0.73
Currency Exchange Gain (Loss)	-	-	-	22.59	0.13
Other Non Operating Income (Expenses)	-4.73	0.86	11.57	2.75	3.32
EBT Excluding Unusual Items	49.77	-53.47	-17.13	30.27	32.63
Gain (Loss) on Sale of Investments	-	-	-	-0.54	0.38
Gain (Loss) on Sale of Assets	-	-	-	-0.08	-0.01
Pretax Income	49.77	-53.47	-17.13	29.66	33
Income Tax Expense	6.49	-3.45	-2.66	8.21	0.86
Net Income	43.28	-50.01	-14.46	21.45	32.14
Net Income to Common	43.28	-50.01	-14.46	21.45	32.14
Net Income Growth	-	-	-	-33.26%	144.70%
Shares Outstanding (Basic)	38	38	38	38	36
Shares Outstanding (Diluted)	38	38	38	38	36
Shares Change (YoY)	0.29%	-	-	5.18%	9.81%
EPS (Basic)	1.14	-1.32	-0.38	0.57	0.89
EPS (Diluted)	1.14	-1.32	-0.38	0.57	0.89
EPS Growth	-	-	-	-36.55%	117.62%
Free Cash Flow	79.52	-19.76	162.69	91.34	14.71
Free Cash Flow Per Share	2.10	-0.52	4.30	2.41	0.41
Dividend Per Share	-	-	-	0.098	-
Gross Margin	12.07%	9.70%	8.90%	10.32%	10.22%
Operating Margin	3.80%	-3.48%	-1.00%	1.05%	2.28%
Profit Margin	2.70%	-3.33%	-0.88%	1.11%	1.68%
Free Cash Flow Margin	4.97%	-1.32%	9.94%	4.71%	0.77%
EBITDA	85.45	-28.6	7.54	41.15	65.44
EBITDA Margin	5.34%	-1.90%	0.46%	2.12%	3.42%
D&A For EBITDA	24.59	23.73	23.86	20.77	21.86
EBIT	60.86	-52.33	-16.32	20.38	43.58
EBIT Margin	3.80%	-3.48%	-1.00%	1.05%	2.28%
Effective Tax Rate	13.04%	-	-	27.67%	2.60%
Revenue as Reported	1,600	-	-	-	-

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