Apex Material 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
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
Revenue	991.81	940.38	1,042	1,412	1,297
Revenue Growth (YoY)	-0.60%	-9.73%	-26.22%	8.82%	-
Cost of Revenue	585.39	558.56	617.43	803.94	776.65
Gross Profit	406.42	381.82	424.26	607.9	520.79
Selling, General & Admin	191.05	193.59	199.19	217.28	207.57
Research & Development	57.37	56.83	53.32	53.77	50.77
Operating Expenses	248.58	250.39	252.83	271.2	258.36
Operating Income	157.85	131.43	171.43	336.7	262.44
Interest Expense	-4.5	-4.53	-4.45	-3.78	-2.54
Interest & Investment Income	17.95	15.52	7.16	1.88	0.46
Earnings From Equity Investments	-6.03	-4.77	-2.62	1.61	4.95
Currency Exchange Gain (Loss)	16.82	24.19	1.6	31.04	-
Other Non Operating Income (Expenses)	6.88	7.68	38.21	-1.18	4.02
EBT Excluding Unusual Items	188.96	169.52	211.33	366.27	269.33
Gain (Loss) on Sale of Investments	2.46	8.91	6.6	-92.19	-
Gain (Loss) on Sale of Assets	-0.06	-0.06	-0.55	-1.66	-
Other Unusual Items	0.35	0.35	-	-	-
Pretax Income	191.72	178.73	217.38	272.42	269.33
Income Tax Expense	44.23	38.94	43.7	72.72	38.49
Earnings From Continuing Operations	147.49	139.79	173.68	199.7	230.84
Minority Interest in Earnings	0.86	0.97	0.88	1.11	0.82
Net Income	148.35	140.76	174.56	200.81	231.66
Net Income to Common	148.35	140.76	174.56	200.81	231.66
Net Income Growth	-11.32%	-19.36%	-13.07%	-13.32%	-
Shares Outstanding (Basic)	42	41	39	39	38
Shares Outstanding (Diluted)	43	42	39	39	39
Shares Change (YoY)	9.99%	7.45%	-0.39%	0.90%	-
EPS (Basic)	3.50	3.40	4.53	5.21	6.07
EPS (Diluted)	3.49	3.38	4.50	5.15	6.00
EPS Growth	-19.11%	-24.89%	-12.62%	-14.17%	-
Free Cash Flow	155.38	178.51	192.98	318.85	77.79
Free Cash Flow Per Share	3.64	4.28	4.97	8.19	2.02
Dividend Per Share	2.400	2.400	3.500	3.500	-
Dividend Growth	-31.43%	-31.43%	-	-	-
Gross Margin	40.98%	40.60%	40.73%	43.06%	40.14%
Operating Margin	15.92%	13.98%	16.46%	23.85%	20.23%
Profit Margin	14.96%	14.97%	16.76%	14.22%	17.85%
Free Cash Flow Margin	15.67%	18.98%	18.53%	22.58%	6.00%
EBITDA	199.35	173.31	213.85	376.93	299.12
EBITDA Margin	20.10%	18.43%	20.53%	26.70%	23.05%
D&A For EBITDA	41.5	41.88	42.42	40.23	36.69
EBIT	157.85	131.43	171.43	336.7	262.44
EBIT Margin	15.92%	13.98%	16.46%	23.85%	20.23%
Effective Tax Rate	23.07%	21.79%	20.11%	26.69%	14.29%

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