Waste Recovery 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	Mar '25 Mar 31, 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	1,080	980.18	775.78	807.28	716.54	581.37
Revenue Growth (YoY)	31.60%	26.35%	-3.90%	12.66%	23.25%	-
Cost of Revenue	690.77	609.49	471.13	480.28	414.15	337.57
Gross Profit	389.32	370.69	304.66	327	302.39	243.8
Selling, General & Admin	95.88	95.74	76.83	78.19	64.43	63.75
Research & Development	15.95	16.02	14.56	13.8	12.17	6.33
Operating Expenses	111.83	111.76	88.1	88.8	76.6	76.56
Operating Income	277.49	258.93	216.56	238.2	225.79	167.24
Interest Expense	-0.12	-0.11	-0.05	-0.06	-0.08	-0.03
Interest & Investment Income	17.34	17.88	8.86	3.79	1.27	2.46
Earnings From Equity Investments	-7.13	-6.11	-0.53	-	-	-1.79
Currency Exchange Gain (Loss)	3.48	7.72	-2.74	4.56	-1.14	-2.86
Other Non Operating Income (Expenses)	1.71	1.37	1.05	0.59	1.71	3.14
EBT Excluding Unusual Items	292.79	279.68	223.16	247.07	227.55	168.16
Gain (Loss) on Sale of Assets	0.82	0.74	-0.34	-0.35	-0.26	-
Pretax Income	293.01	280.42	222.82	246.72	227.29	168.16
Income Tax Expense	77.22	72.27	56.98	58.15	55.91	40.18
Earnings From Continuing Operations	215.79	208.15	165.84	188.56	171.38	127.98
Minority Interest in Earnings	-5.57	-5.75	-2.99	-2.09	-7.43	-3.79
Net Income	210.22	202.4	162.86	186.48	163.95	124.2
Net Income to Common	210.22	202.4	162.86	186.48	163.95	124.2
Net Income Growth	17.03%	24.28%	-12.67%	13.74%	32.00%	-
Shares Outstanding (Basic)	24	24	21	20	19	19
Shares Outstanding (Diluted)	24	24	21	20	20	19
Shares Change (YoY)	10.41%	14.75%	3.43%	3.29%	0.56%	-
EPS (Basic)	8.83	8.50	7.86	9.32	8.55	6.48
EPS (Diluted)	8.78	8.45	7.81	9.24	8.40	6.40
EPS Growth	6.10%	8.20%	-15.48%	10.00%	31.25%	-
Free Cash Flow	155.38	148.03	59.09	258.38	111.88	51.62
Free Cash Flow Per Share	6.49	6.18	2.83	12.81	5.73	2.66
Dividend Per Share	6.800	6.800	6.500	7.000	6.309	2.000
Dividend Growth	4.61%	4.61%	-7.14%	10.95%	215.46%	-
Gross Margin	36.05%	37.82%	39.27%	40.51%	42.20%	41.94%
Operating Margin	25.69%	26.42%	27.91%	29.51%	31.51%	28.77%
Profit Margin	19.46%	20.65%	20.99%	23.10%	22.88%	21.36%
Free Cash Flow Margin	14.39%	15.10%	7.62%	32.01%	15.61%	8.88%
EBITDA	355.74	334.49	285.83	303.84	280.94	202.85
EBITDA Margin	32.94%	34.13%	36.84%	37.64%	39.21%	34.89%
D&A For EBITDA	78.25	75.56	69.27	65.64	55.15	35.61
EBIT	277.49	258.93	216.56	238.2	225.79	167.24
EBIT Margin	25.69%	26.42%	27.91%	29.51%	31.51%	28.77%
Effective Tax Rate	26.35%	25.77%	25.57%	23.57%	24.60%	23.89%

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