Norbel Baby Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,424	3,446	3,400	3,602	4,204	3,815
Revenue Growth (YoY)	-0.10%	1.36%	-5.62%	-14.31%	10.18%	-1.93%
Cost of Revenue	2,249	2,274	2,264	2,375	2,778	2,585
Gross Profit	1,175	1,172	1,135	1,227	1,425	1,230
Selling, General & Admin	1,095	1,096	1,015	978.01	973.38	901.99
Operating Expenses	1,095	1,096	1,016	978.01	973.38	902.06
Operating Income	80.25	75.82	119.8	249	451.85	327.74
Interest Expense	-21.84	-21.19	-17.74	-16.57	-15.16	-16.25
Interest & Investment Income	24.44	24.65	23.13	13.57	3.88	1.69
Currency Exchange Gain (Loss)	0.7	0.7	0.23	0.1	0.08	1.01
Other Non Operating Income (Expenses)	27.78	21.15	13.18	14.26	13.37	11.49
EBT Excluding Unusual Items	111.34	101.13	138.6	260.36	454.02	325.69
Gain (Loss) on Sale of Assets	-0.17	-0.17	-0.35	-0.25	0.03	-0.26
Other Unusual Items	0.11	0.11	0.72	0.09	-0.53	9.98
Pretax Income	111.28	101.06	138.97	260.2	453.52	335.4
Income Tax Expense	13.97	13.21	27.39	52.16	90.64	71.2
Net Income	97.31	87.85	111.58	208.04	362.88	264.21
Net Income to Common	97.31	87.85	111.58	208.04	362.88	264.21
Net Income Growth	-27.56%	-21.27%	-46.37%	-42.67%	37.35%	-1.91%
Shares Outstanding (Basic)	40	37	37	33	30	30
Shares Outstanding (Diluted)	40	37	37	34	30	30
Shares Change (YoY)	6.06%	0.79%	10.88%	11.27%	0.03%	11.82%
EPS (Basic)	2.45	2.35	3.00	6.21	12.08	8.79
EPS (Diluted)	2.45	2.35	3.00	6.21	12.05	8.77
EPS Growth	-31.66%	-21.76%	-51.69%	-48.47%	37.40%	-12.30%
Free Cash Flow	326.6	287.94	214.02	409.9	589.12	264.8
Free Cash Flow Per Share	8.20	7.69	5.76	12.23	19.56	8.79
Dividend Per Share	4.000	4.000	5.100	6.097	11.664	7.000
Dividend Growth	-21.57%	-21.57%	-16.35%	-47.73%	66.63%	40.00%
Gross Margin	34.33%	34.00%	33.40%	34.06%	33.91%	32.24%
Operating Margin	2.34%	2.20%	3.52%	6.91%	10.75%	8.59%
Profit Margin	2.84%	2.55%	3.28%	5.78%	8.63%	6.93%
Free Cash Flow Margin	9.54%	8.36%	6.30%	11.38%	14.02%	6.94%
EBITDA	104.04	99.23	139.47	267.01	468.55	341.36
EBITDA Margin	3.04%	2.88%	4.10%	7.41%	11.15%	8.95%
D&A For EBITDA	23.78	23.42	19.67	18	16.7	13.62
EBIT	80.25	75.82	119.8	249	451.85	327.74
EBIT Margin	2.34%	2.20%	3.52%	6.91%	10.75%	8.59%
Effective Tax Rate	12.55%	13.08%	19.71%	20.05%	19.99%	21.23%

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