Rafael Microelectronics 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	1,137	1,065	996.02	1,303	1,031
Revenue Growth (YoY)	6.74%	6.98%	-23.57%	26.37%	-2.98%
Cost of Revenue	677.44	651.35	659.6	776.17	472.07
Gross Profit	459.85	414.14	336.42	526.96	559.14
Selling, General & Admin	103.55	109.99	83.95	92.72	89.12
Research & Development	202.47	200.5	233.48	294.46	281.23
Other Operating Expenses	-0.77	0.42	-0.39	0.77	-
Operating Expenses	304.25	313.27	317.05	390.12	389.66
Operating Income	155.6	100.87	19.37	136.85	169.49
Interest Expense	-0.07	-0.16	-0.2	-0.18	-0.32
Interest & Investment Income	10.08	17.26	16.28	10.51	9.48
Earnings From Equity Investments	-1.3	-0.49	-1.48	-1.11	-2.16
Currency Exchange Gain (Loss)	-10.03	13.03	3.97	17.34	-4.65
Other Non Operating Income (Expenses)	-2.75	-1.25	-1.52	-0.51	9.36
EBT Excluding Unusual Items	151.55	129.25	36.41	162.9	181.19
Gain (Loss) on Sale of Investments	-1.3	2.98	2.18	-36.05	3.7
Gain (Loss) on Sale of Assets	-	0.36	-	-	-
Pretax Income	150.25	132.6	38.6	126.85	184.89
Income Tax Expense	28.24	15.49	-3.19	5.2	18.43
Net Income	122.01	117.11	41.78	121.65	166.46
Net Income to Common	122.01	117.11	41.78	121.65	166.46
Net Income Growth	4.19%	180.28%	-65.65%	-26.92%	-8.52%
Shares Outstanding (Basic)	31	30	30	30	29
Shares Outstanding (Diluted)	31	31	31	31	30
Shares Change (YoY)	0.10%	0.98%	-0.27%	1.03%	1.30%
EPS (Basic)	4.00	3.85	1.38	4.05	5.65
EPS (Diluted)	3.96	3.80	1.37	3.98	5.50
EPS Growth	4.21%	177.37%	-65.58%	-27.64%	-9.69%
Free Cash Flow	289.08	43.63	-0.44	211.68	74.11
Free Cash Flow Per Share	9.38	1.42	-0.01	6.92	2.45
Dividend Per Share	2.000	2.037	1.800	4.000	5.000
Dividend Growth	-1.83%	13.18%	-55.00%	-20.00%	20.24%
Gross Margin	40.43%	38.87%	33.78%	40.44%	54.22%
Operating Margin	13.68%	9.47%	1.94%	10.50%	16.44%
Profit Margin	10.73%	10.99%	4.20%	9.34%	16.14%
Free Cash Flow Margin	25.42%	4.09%	-0.04%	16.24%	7.19%
EBITDA	172.09	133.51	68.05	187.55	200.71
EBITDA Margin	15.13%	12.53%	6.83%	14.39%	19.46%
D&A For EBITDA	16.48	32.65	48.68	50.7	31.22
EBIT	155.6	100.87	19.37	136.85	169.49
EBIT Margin	13.68%	9.47%	1.94%	10.50%	16.44%
Effective Tax Rate	18.80%	11.68%	-	4.10%	9.97%

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