Waste Recovery 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	1,379	980.18	775.78	807.28	716.54
Revenue Growth (YoY)	40.66%	26.35%	-3.90%	12.66%	23.25%
Cost of Revenue	872.78	609.49	471.13	480.28	414.15
Gross Profit	505.97	370.69	304.66	327	302.39
Selling, General & Admin	112.46	95.74	76.83	78.19	64.43
Research & Development	19.32	16.02	14.56	13.8	12.17
Other Operating Expenses	2.8	-	-	-	-
Operating Expenses	134.58	111.76	88.1	88.8	76.6
Operating Income	371.39	258.93	216.56	238.2	225.79
Interest Expense	-0.08	-0.11	-0.05	-0.06	-0.08
Interest & Investment Income	12.41	17.88	8.86	3.79	1.27
Earnings From Equity Investments	-10.04	-6.11	-0.53	-	-
Currency Exchange Gain (Loss)	-	7.72	-2.74	4.56	-1.14
Other Non Operating Income (Expenses)	-4.01	1.37	1.05	0.59	1.71
EBT Excluding Unusual Items	369.66	279.68	223.16	247.07	227.55
Gain (Loss) on Sale of Assets	-	0.74	-0.34	-0.35	-0.26
Pretax Income	369.66	280.42	222.82	246.72	227.29
Income Tax Expense	101.35	72.27	56.98	58.15	55.91
Earnings From Continuing Operations	268.31	208.15	165.84	188.56	171.38
Minority Interest in Earnings	-6.81	-5.75	-2.99	-2.09	-7.43
Net Income	261.5	202.4	162.86	186.48	163.95
Net Income to Common	261.5	202.4	162.86	186.48	163.95
Net Income Growth	29.20%	24.28%	-12.67%	13.74%	32.00%
Shares Outstanding (Basic)	24	24	21	20	19
Shares Outstanding (Diluted)	24	24	21	20	20
Shares Change (YoY)	0.12%	14.75%	3.43%	3.29%	0.56%
EPS (Basic)	10.99	8.50	7.86	9.32	8.55
EPS (Diluted)	10.91	8.45	7.81	9.24	8.40
EPS Growth	29.11%	8.20%	-15.48%	10.00%	31.25%
Free Cash Flow	80.73	148.03	59.09	258.38	111.88
Free Cash Flow Per Share	3.37	6.18	2.83	12.81	5.73
Dividend Per Share	-	6.800	6.500	7.000	6.309
Dividend Growth	-	4.61%	-7.14%	10.95%	215.46%
Gross Margin	36.70%	37.82%	39.27%	40.51%	42.20%
Operating Margin	26.94%	26.42%	27.91%	29.51%	31.51%
Profit Margin	18.97%	20.65%	20.99%	23.10%	22.88%
Free Cash Flow Margin	5.85%	15.10%	7.62%	32.01%	15.61%
EBITDA	452.93	334.49	285.83	303.84	280.94
EBITDA Margin	32.85%	34.13%	36.84%	37.64%	39.21%
D&A For EBITDA	81.55	75.56	69.27	65.64	55.15
EBIT	371.39	258.93	216.56	238.2	225.79
EBIT Margin	26.94%	26.42%	27.91%	29.51%	31.51%
Effective Tax Rate	27.42%	25.77%	25.57%	23.57%	24.60%

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