Spec Products Income Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	2,408	2,285	2,843	2,425	1,744
Revenue Growth (YoY)	5.42%	-19.64%	17.22%	39.06%	-
Cost of Revenue	1,924	1,827	2,338	2,041	1,478
Gross Profit	484.73	458.08	504.46	383.76	265.94
Selling, General & Admin	240.02	211.52	250.85	209.56	172.65
Research & Development	11.55	11.58	6.05	3.98	5.35
Operating Expenses	254.92	228.93	255.1	216.15	177.99
Operating Income	229.81	229.15	249.36	167.61	87.94
Interest Expense	-3.68	-8.48	-12.2	-7.94	-9.18
Interest & Investment Income	19.61	19.69	8.59	3.63	2.24
Currency Exchange Gain (Loss)	47.58	12.45	70.46	-33.88	-22.04
Other Non Operating Income (Expenses)	9.97	8.51	25.72	9.5	0.19
EBT Excluding Unusual Items	303.28	261.32	341.94	138.93	59.15
Gain (Loss) on Sale of Investments	3.28	-1.62	-	-	-
Gain (Loss) on Sale of Assets	2.38	12	0.21	0.22	-0.01
Asset Writedown	-	-1.47	-8.21	-	-
Pretax Income	308.94	270.22	333.94	139.14	59.15
Income Tax Expense	60.42	59.79	71.03	27.56	13.07
Earnings From Continuing Operations	248.52	210.44	262.91	111.58	46.08
Minority Interest in Earnings	-	-1.38	10.63	0.54	3.7
Net Income	248.52	209.06	273.54	112.12	49.78
Net Income to Common	248.52	209.06	273.54	112.12	49.78
Net Income Growth	18.88%	-23.57%	143.96%	125.25%	-
Shares Outstanding (Basic)	41	37	36	36	36
Shares Outstanding (Diluted)	41	37	37	37	37
Shares Change (YoY)	11.25%	0.04%	0.63%	0.32%	-
EPS (Basic)	6.08	5.72	7.52	3.08	1.37
EPS (Diluted)	6.06	5.67	7.42	3.06	1.36
EPS Growth	6.88%	-23.59%	142.48%	125.00%	-
Free Cash Flow	106.9	221.46	365.26	-68.77	55.5
Free Cash Flow Per Share	2.60	6.00	9.90	-1.88	1.52
Dividend Per Share	3.500	3.000	3.000	-	-
Dividend Growth	16.67%	-	-	-	-
Gross Margin	20.13%	20.05%	17.75%	15.82%	15.25%
Operating Margin	9.54%	10.03%	8.77%	6.91%	5.04%
Profit Margin	10.32%	9.15%	9.62%	4.62%	2.85%
Free Cash Flow Margin	4.44%	9.69%	12.85%	-2.84%	3.18%
EBITDA	243.97	245.92	267.4	184.38	107.53
EBITDA Margin	10.13%	10.76%	9.41%	7.60%	6.17%
D&A For EBITDA	14.16	16.77	18.04	16.77	19.59
EBIT	229.81	229.15	249.36	167.61	87.94
EBIT Margin	9.54%	10.03%	8.77%	6.91%	5.04%
Effective Tax Rate	19.56%	22.13%	21.27%	19.81%	22.10%

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