M31 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	1,782	1,481	1,612	1,360	1,012
Revenue Growth (YoY)	20.34%	-8.15%	18.54%	34.42%	3.15%
Gross Profit	1,782	1,481	1,612	1,360	1,012
Selling, General & Admin	337.06	279.6	225.43	178.28	153.39
Research & Development	1,351	1,122	938.87	813.94	541.93
Operating Expenses	1,689	1,428	1,166	992.22	698.99
Operating Income	93.19	53.27	446.5	367.95	312.89
Interest Expense	-1.2	-1.31	-0.34	-0.25	-1.93
Interest & Investment Income	19.07	30.83	30.2	10.09	1.4
Currency Exchange Gain (Loss)	-	59.57	-8.38	69.01	-18.43
Other Non Operating Income (Expenses)	-17.15	4.07	1.45	1.92	1.81
EBT Excluding Unusual Items	93.91	146.42	469.44	448.73	295.74
Gain (Loss) on Sale of Investments	-	3.97	-0.24	-5.6	1.29
Gain (Loss) on Sale of Assets	-	-	44.12	-	-3.48
Pretax Income	93.91	150.4	513.32	443.13	293.56
Income Tax Expense	23.32	23.48	78.15	63.88	40.92
Net Income	70.59	126.92	435.17	379.25	252.64
Net Income to Common	70.59	126.92	435.17	379.25	252.64
Net Income Growth	-44.38%	-70.83%	14.74%	50.12%	-21.60%
Shares Outstanding (Basic)	42	42	41	41	41
Shares Outstanding (Diluted)	42	42	42	41	41
Shares Change (YoY)	-0.09%	-0.00%	0.85%	0.77%	-0.05%
EPS (Basic)	1.69	3.05	10.50	9.22	6.15
EPS (Diluted)	1.69	3.04	10.41	9.15	6.14
EPS Growth	-44.41%	-70.80%	13.77%	48.93%	-21.57%
Free Cash Flow	-21.9	-33.65	205.69	620.5	-308.48
Free Cash Flow Per Share	-0.52	-0.81	4.92	14.97	-7.50
Dividend Per Share	-	2.000	6.667	6.061	4.773
Dividend Growth	-	-69.99%	10.00%	26.98%	-21.25%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	5.23%	3.60%	27.69%	27.05%	30.92%
Profit Margin	3.96%	8.57%	26.99%	27.88%	24.97%
Free Cash Flow Margin	-1.23%	-2.27%	12.76%	45.62%	-30.49%
EBITDA	167.94	99.91	485.66	408.44	346.56
EBITDA Margin	9.42%	6.75%	30.12%	30.03%	34.25%
D&A For EBITDA	74.75	46.64	39.16	40.49	33.66
EBIT	93.19	53.27	446.5	367.95	312.89
EBIT Margin	5.23%	3.60%	27.69%	27.05%	30.92%
Effective Tax Rate	24.83%	15.61%	15.22%	14.41%	13.94%

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