Trusval 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	6,355	3,628	2,413	2,467	1,761
Revenue Growth (YoY)	75.17%	50.37%	-2.21%	40.09%	35.91%
Cost of Revenue	5,064	2,773	1,768	1,953	1,378
Gross Profit	1,291	854.45	644.9	513.8	383.32
Selling, General & Admin	452.2	305.28	222.85	221.47	178.39
Research & Development	64.52	66.05	64.05	59.97	52.57
Operating Expenses	529.14	371.33	286.9	281.43	230.96
Operating Income	761.54	483.12	358	232.37	152.36
Interest Expense	-29.95	-18.4	-15.4	-11.57	-6.47
Interest & Investment Income	11.58	17.98	9.28	0.78	0.07
Earnings From Equity Investments	-0.15	1.19	1.27	4.16	-0.9
Currency Exchange Gain (Loss)	-	30.41	2.61	15.03	-2
Other Non Operating Income (Expenses)	79.29	44.69	41.01	31.8	26.93
EBT Excluding Unusual Items	822.31	558.98	396.77	272.58	170
Gain (Loss) on Sale of Investments	-	0.98	3.86	-	-
Gain (Loss) on Sale of Assets	-	-6.06	0.06	0.04	0.01
Other Unusual Items	-	0.52	0.05	0.01	0.37
Pretax Income	822.31	554.42	400.73	272.62	170.38
Income Tax Expense	180.38	118.45	79.85	61.84	41.03
Earnings From Continuing Operations	641.93	435.97	320.88	210.78	129.35
Minority Interest in Earnings	11.99	3.65	0.38	0.38	0.75
Net Income	653.93	439.62	321.26	211.16	130.1
Net Income to Common	653.93	439.62	321.26	211.16	130.1
Net Income Growth	48.75%	36.84%	52.14%	62.30%	76.88%
Shares Outstanding (Basic)	47	45	45	41	40
Shares Outstanding (Diluted)	48	46	45	42	40
Shares Change (YoY)	4.55%	1.04%	7.80%	4.94%	10.47%
EPS (Basic)	13.77	9.69	7.17	5.11	3.27
EPS (Diluted)	13.67	9.61	7.09	5.03	3.25
EPS Growth	42.25%	35.54%	40.95%	54.77%	60.10%
Free Cash Flow	264.19	-92.85	219.46	70.31	92.33
Free Cash Flow Per Share	5.52	-2.03	4.85	1.67	2.31
Dividend Per Share	-	8.550	6.460	4.240	2.940
Dividend Growth	-	32.35%	52.36%	44.22%	77.11%
Gross Margin	20.31%	23.55%	26.73%	20.82%	21.77%
Operating Margin	11.98%	13.32%	14.84%	9.42%	8.65%
Profit Margin	10.29%	12.12%	13.32%	8.56%	7.39%
Free Cash Flow Margin	4.16%	-2.56%	9.10%	2.85%	5.24%
EBITDA	856.6	546.55	418.16	288.89	201.3
EBITDA Margin	13.48%	15.07%	17.33%	11.71%	11.43%
D&A For EBITDA	95.06	63.43	60.16	56.52	48.94
EBIT	761.54	483.12	358	232.37	152.36
EBIT Margin	11.98%	13.32%	14.84%	9.42%	8.65%
Effective Tax Rate	21.93%	21.37%	19.93%	22.68%	24.08%

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