Rayzher Industrial 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	2,564	1,951	1,780	2,298	1,554
Revenue Growth (YoY)	31.42%	9.64%	-22.55%	47.91%	92.61%
Cost of Revenue	1,986	1,531	1,362	1,743	1,316
Gross Profit	578.14	420.29	417.91	555	237.53
Selling, General & Admin	193.89	149.36	114.57	104.02	69.56
Research & Development	10.93	4.72	-	-	-
Operating Expenses	215.24	154.08	114.57	104.02	69.56
Operating Income	362.9	266.21	303.34	450.99	167.96
Interest Expense	-2.99	-1.05	-1.22	-0.39	-3.02
Interest & Investment Income	12.46	10.31	6.35	2.4	2.1
Currency Exchange Gain (Loss)	-	4.98	-1.29	13.25	-6.73
Other Non Operating Income (Expenses)	-3.07	-0.16	1.92	2.37	2.21
EBT Excluding Unusual Items	369.29	280.29	309.09	468.61	162.52
Gain (Loss) on Sale of Assets	-	2.26	-	-0.72	0.25
Legal Settlements	-	3.8	-	-	-
Pretax Income	369.29	286.35	309.09	467.89	162.77
Income Tax Expense	69.42	49.06	64.81	94.86	37.64
Earnings From Continuing Operations	299.87	237.29	244.28	373.03	125.13
Minority Interest in Earnings	2.99	-	-	-	-
Net Income	302.86	237.29	244.28	373.03	125.13
Net Income to Common	302.86	237.29	244.28	373.03	125.13
Net Income Growth	27.63%	-2.86%	-34.52%	198.11%	7.10%
Shares Outstanding (Basic)	35	32	27	21	19
Shares Outstanding (Diluted)	35	32	27	22	19
Shares Change (YoY)	8.37%	18.77%	25.54%	12.71%	52.61%
EPS (Basic)	8.72	7.41	9.08	17.76	6.62
EPS (Diluted)	8.69	7.38	9.02	15.76	6.54
EPS Growth	17.75%	-18.18%	-42.77%	140.98%	-29.83%
Free Cash Flow	362.74	-96.14	-59.47	294.41	198.26
Free Cash Flow Per Share	10.41	-2.99	-2.20	13.65	10.36
Dividend Per Share	-	5.500	7.000	12.000	5.000
Dividend Growth	-	-21.43%	-41.67%	140.00%	-
Gross Margin	22.55%	21.54%	23.48%	24.15%	15.29%
Operating Margin	14.15%	13.64%	17.04%	19.63%	10.81%
Profit Margin	11.81%	12.16%	13.73%	16.23%	8.05%
Free Cash Flow Margin	14.14%	-4.93%	-3.34%	12.81%	12.76%
EBITDA	403.58	282.95	320.93	462.47	181.51
EBITDA Margin	15.74%	14.50%	18.03%	20.13%	11.68%
D&A For EBITDA	40.68	16.74	17.6	11.49	13.55
EBIT	362.9	266.21	303.34	450.99	167.96
EBIT Margin	14.15%	13.64%	17.04%	19.63%	10.81%
Effective Tax Rate	18.80%	17.13%	20.97%	20.28%	23.12%
Advertising Expenses	-	-	-	-	1.82

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.