Argo Yachts Development 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	463.48	499.39	437.4	406.65	351.12
Revenue Growth (YoY)	-7.19%	14.17%	7.56%	15.82%	30.26%
Cost of Revenue	287.83	312.58	237.42	143.11	93.46
Gross Profit	175.65	186.81	199.98	263.53	257.66
Selling, General & Admin	196.86	189.77	167.57	183.63	139.19
Research & Development	-	5	4.6	7.7	-
Operating Expenses	198.87	196.06	171.79	191.11	138.47
Operating Income	-23.22	-9.25	28.19	72.42	119.19
Interest Expense	-44.46	-36.61	-24.39	-18.84	-16.52
Interest & Investment Income	5.11	8.95	8.26	1.42	0.32
Earnings From Equity Investments	-5.88	-	-	-	-
Currency Exchange Gain (Loss)	-	0.05	-0.35	2.44	-1.33
Other Non Operating Income (Expenses)	9.77	20.33	9.97	16.06	2.61
EBT Excluding Unusual Items	-58.68	-16.52	21.68	73.51	104.27
Gain (Loss) on Sale of Investments	-	0.02	-0.01	0.02	-0.22
Gain (Loss) on Sale of Assets	-	-13.29	-0.11	2.31	-0.13
Other Unusual Items	-	0.06	-	0.41	-
Pretax Income	-58.68	-29.73	21.56	76.25	103.92
Income Tax Expense	-16.34	3.84	15.33	19.53	13.75
Earnings From Continuing Operations	-42.34	-33.56	6.24	56.71	90.17
Minority Interest in Earnings	4.35	8.58	8.27	0.05	0.72
Net Income	-37.99	-24.98	14.5	56.76	90.89
Net Income to Common	-37.99	-24.98	14.5	56.76	90.89
Net Income Growth	-	-	-74.45%	-37.55%	38.78%
Shares Outstanding (Basic)	141	135	109	95	64
Shares Outstanding (Diluted)	141	135	111	97	65
Shares Change (YoY)	4.19%	21.75%	13.96%	50.62%	24.47%
EPS (Basic)	-0.27	-0.19	0.13	0.60	1.41
EPS (Diluted)	-0.27	-0.19	0.13	0.58	1.41
EPS Growth	-	-	-77.63%	-58.78%	12.12%
Free Cash Flow	-146.17	-839.93	-620.21	-275.56	-152.46
Free Cash Flow Per Share	-1.04	-6.22	-5.59	-2.83	-2.36
Gross Margin	37.90%	37.41%	45.72%	64.81%	73.38%
Operating Margin	-5.01%	-1.85%	6.44%	17.81%	33.95%
Profit Margin	-8.20%	-5.00%	3.32%	13.96%	25.89%
Free Cash Flow Margin	-31.54%	-168.19%	-141.80%	-67.77%	-43.42%
EBITDA	109.8	64.92	88.14	116.21	156.34
EBITDA Margin	23.69%	13.00%	20.15%	28.58%	44.52%
D&A For EBITDA	133.01	74.17	59.95	43.79	37.15
EBIT	-23.22	-9.25	28.19	72.42	119.19
EBIT Margin	-5.01%	-1.85%	6.44%	17.81%	33.95%
Effective Tax Rate	-	-	71.07%	25.62%	13.23%

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