Chang Wah 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	13,428	11,987	11,581	14,431	12,792
Revenue Growth (YoY)	12.03%	3.50%	-19.75%	12.81%	32.18%
Cost of Revenue	10,514	9,102	8,981	10,046	9,386
Gross Profit	2,914	2,885	2,601	4,386	3,406
Selling, General & Admin	846.46	800.78	734.76	834.73	739.96
Research & Development	388.39	431.12	420.52	422.48	461.21
Operating Expenses	1,237	1,228	1,152	1,264	1,195
Operating Income	1,677	1,657	1,448	3,122	2,210
Interest Expense	-131.42	-112.57	-93.24	-47.28	-43.34
Interest & Investment Income	425.87	495.19	407.61	165.4	75.71
Currency Exchange Gain (Loss)	-135.53	245.91	61.23	347.07	-65.72
Other Non Operating Income (Expenses)	57.27	58.45	114.14	68.1	45.76
EBT Excluding Unusual Items	1,893	2,344	1,938	3,655	2,223
Gain (Loss) on Sale of Investments	18.32	17.49	32.17	-20.7	26.48
Pretax Income	1,912	2,362	1,970	3,634	2,249
Income Tax Expense	361.27	430.08	373.04	789.29	510.54
Earnings From Continuing Operations	1,550	1,931	1,597	2,845	1,739
Minority Interest in Earnings	-47.01	-35.64	-32.64	-29.07	-24.27
Net Income	1,503	1,896	1,565	2,816	1,714
Net Income to Common	1,503	1,896	1,565	2,816	1,714
Net Income Growth	-20.71%	21.18%	-44.44%	64.25%	121.54%
Shares Outstanding (Basic)	923	936	935	935	892
Shares Outstanding (Diluted)	928	940	938	937	898
Shares Change (YoY)	-1.32%	0.27%	0.10%	4.29%	1.67%
EPS (Basic)	1.63	2.02	1.67	3.01	1.92
EPS (Diluted)	1.62	2.02	1.67	3.01	1.91
EPS Growth	-19.80%	20.96%	-44.52%	57.68%	117.92%
Free Cash Flow	1,205	1,464	1,549	2,547	790.83
Free Cash Flow Per Share	1.30	1.56	1.65	2.72	0.88
Dividend Per Share	1.350	1.720	1.610	1.510	0.960
Dividend Growth	-21.51%	6.83%	6.62%	57.29%	81.82%
Gross Margin	21.70%	24.07%	22.45%	30.39%	26.62%
Operating Margin	12.49%	13.82%	12.50%	21.63%	17.28%
Profit Margin	11.20%	15.82%	13.51%	19.51%	13.40%
Free Cash Flow Margin	8.98%	12.22%	13.37%	17.65%	6.18%
EBITDA	2,350	2,394	2,226	3,813	2,808
EBITDA Margin	17.50%	19.97%	19.22%	26.42%	21.95%
D&A For EBITDA	672.82	737.07	778.09	691.81	598.02
EBIT	1,677	1,657	1,448	3,122	2,210
EBIT Margin	12.49%	13.82%	12.50%	21.63%	17.28%
Effective Tax Rate	18.90%	18.21%	18.93%	21.72%	22.70%

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