Trusval Technology Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,712	3,628	2,413	2,467	1,761	1,296
Revenue Growth (YoY)	79.70%	50.37%	-2.21%	40.09%	35.91%	4.05%
Cost of Revenue	4,495	2,773	1,768	1,953	1,378	1,056
Gross Profit	1,217	854.45	644.9	513.8	383.32	240.01
Selling, General & Admin	422.82	305.28	222.85	221.47	178.39	145.5
Research & Development	64.71	66.05	64.05	59.97	52.57	43.3
Operating Expenses	498.23	371.33	286.9	281.43	230.96	188.8
Operating Income	718.94	483.12	358	232.37	152.36	51.21
Interest Expense	-26.18	-18.4	-15.4	-11.57	-6.47	-7.74
Interest & Investment Income	17.18	17.98	9.28	0.78	0.07	0.11
Earnings From Equity Investments	1.03	1.19	1.27	4.16	-0.9	-2.38
Currency Exchange Gain (Loss)	2.47	30.41	2.61	15.03	-2	-1.95
Other Non Operating Income (Expenses)	45.68	44.69	41.01	31.8	26.93	31.09
EBT Excluding Unusual Items	759.13	558.98	396.77	272.58	170	70.34
Gain (Loss) on Sale of Investments	0.98	0.98	3.86	-	-	-
Gain (Loss) on Sale of Assets	1.01	-6.06	0.06	0.04	0.01	0.25
Other Unusual Items	0.1	0.52	0.05	0.01	0.37	18.24
Pretax Income	761.22	554.42	400.73	272.62	170.38	88.82
Income Tax Expense	168.34	118.45	79.85	61.84	41.03	15.64
Earnings From Continuing Operations	592.88	435.97	320.88	210.78	129.35	73.18
Minority Interest in Earnings	10.37	3.65	0.38	0.38	0.75	0.38
Net Income	603.25	439.62	321.26	211.16	130.1	73.55
Net Income to Common	603.25	439.62	321.26	211.16	130.1	73.55
Net Income Growth	60.98%	36.84%	52.14%	62.30%	76.88%	83.59%
Shares Outstanding (Basic)	47	45	45	41	40	36
Shares Outstanding (Diluted)	47	46	45	42	40	36
Shares Change (YoY)	4.20%	1.04%	7.80%	4.94%	10.47%	2.24%
EPS (Basic)	12.91	9.69	7.17	5.11	3.27	2.04
EPS (Diluted)	12.79	9.61	7.09	5.03	3.25	2.03
EPS Growth	54.47%	35.54%	40.95%	54.77%	60.10%	79.65%
Free Cash Flow	-159.62	-92.85	219.46	70.31	92.33	74.65
Free Cash Flow Per Share	-3.38	-2.03	4.85	1.67	2.31	2.06
Dividend Per Share	8.550	8.550	6.460	4.240	2.940	1.660
Dividend Growth	32.35%	32.35%	52.36%	44.22%	77.11%	-17.00%
Gross Margin	21.31%	23.55%	26.73%	20.82%	21.77%	18.52%
Operating Margin	12.59%	13.32%	14.84%	9.42%	8.65%	3.95%
Profit Margin	10.56%	12.12%	13.32%	8.56%	7.39%	5.68%
Free Cash Flow Margin	-2.79%	-2.56%	9.10%	2.85%	5.24%	5.76%
EBITDA	793.87	546.55	418.16	288.89	201.3	94.14
EBITDA Margin	13.90%	15.07%	17.33%	11.71%	11.43%	7.27%
D&A For EBITDA	74.93	63.43	60.16	56.52	48.94	42.93
EBIT	718.94	483.12	358	232.37	152.36	51.21
EBIT Margin	12.59%	13.32%	14.84%	9.42%	8.65%	3.95%
Effective Tax Rate	22.11%	21.37%	19.93%	22.68%	24.08%	17.61%

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