Turn Cloud Technology Service Inc. (TPEX:6870)

TPEX:6870 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	714.09	668.46	538.88	464.11	376.01	299.97
Revenue Growth (YoY)	26.80%	24.04%	16.11%	23.43%	25.35%	18.55%
Cost of Revenue	227.18	202.86	148.15	144.35	123.5	97.84
Gross Profit	486.91	465.59	390.73	319.76	252.51	202.13
Selling, General & Admin	132.12	129.18	125.71	107.09	53.33	49.16
Research & Development	214.74	209.47	185.53	165.55	140.31	131.1
Other Operating Expenses	-0	-	-	-	-	-0.18
Operating Expenses	346.39	341.13	310.68	270.82	207.16	180.74
Operating Income	140.52	124.46	80.05	48.94	45.35	21.39
Interest Expense	-14.07	-4.91	-4.41	-2.84	-2	-1.38
Interest & Investment Income	15.43	10.06	9.56	4.81	1.59	1.45
Earnings From Equity Investments	0.44	0	-0.3	-	-	-
Currency Exchange Gain (Loss)	0.81	0.81	2.37	7.3	-1.18	-5.77
Other Non Operating Income (Expenses)	-6.32	6.98	3.7	14.47	10.05	4.36
EBT Excluding Unusual Items	136.82	137.41	90.97	72.68	53.82	20.05
Gain (Loss) on Sale of Investments	-1.4	-1.4	-	-	-	-
Gain (Loss) on Sale of Assets	-0.21	-0.21	-0.73	0.06	-	-
Other Unusual Items	-	-	0.34	0.01	-	-
Pretax Income	135.21	135.8	90.58	72.75	53.82	20.05
Income Tax Expense	22.61	21.85	21.28	11.64	4.79	-2.42
Earnings From Continuing Operations	112.61	113.95	69.31	61.12	49.03	22.46
Minority Interest in Earnings	5.74	1.5	11.77	2.73	-0.01	-
Net Income	118.35	115.45	81.08	63.84	49.01	22.46
Net Income to Common	118.35	115.45	81.08	63.84	49.01	22.46
Net Income Growth	44.93%	42.39%	27.00%	30.26%	118.20%	29.04%
Shares Outstanding (Basic)	23	23	21	19	18	17
Shares Outstanding (Diluted)	23	23	21	19	18	17
Shares Change (YoY)	1.40%	7.18%	10.13%	9.83%	5.97%	106.39%
EPS (Basic)	5.18	5.04	3.80	3.29	2.77	1.35
EPS (Diluted)	5.17	5.04	3.79	3.29	2.77	1.35
EPS Growth	43.23%	32.98%	15.35%	18.56%	105.76%	-37.40%
Free Cash Flow	-440.19	4.06	35.54	-32.08	-44.89	-46.54
Free Cash Flow Per Share	-19.23	0.18	1.66	-1.65	-2.54	-2.79
Dividend Per Share	4.300	4.300	3.143	2.857	2.187	0.175
Dividend Growth	36.82%	36.82%	10.00%	30.66%	1150.20%	-60.00%
Gross Margin	68.19%	69.65%	72.51%	68.90%	67.16%	67.38%
Operating Margin	19.68%	18.62%	14.85%	10.54%	12.06%	7.13%
Profit Margin	16.57%	17.27%	15.05%	13.76%	13.04%	7.49%
Free Cash Flow Margin	-61.64%	0.61%	6.59%	-6.91%	-11.94%	-15.52%
EBITDA	155.55	132.33	87.42	52.76	46.5	22.58
EBITDA Margin	21.78%	19.80%	16.22%	11.37%	12.37%	7.53%
D&A For EBITDA	15.04	7.87	7.38	3.82	1.15	1.19
EBIT	140.52	124.46	80.05	48.94	45.35	21.39
EBIT Margin	19.68%	18.62%	14.85%	10.54%	12.06%	7.13%
Effective Tax Rate	16.72%	16.09%	23.49%	15.99%	8.90%	-

Updated Mar 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.