LINE Pay Taiwan Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,515	4,928	3,863	2,088	1,150
Revenue Growth (YoY)	20.58%	27.58%	84.97%	81.66%	-
Cost of Revenue	3,821	3,405	2,553	1,398	892.44
Gross Profit	1,694	1,524	1,310	690.25	257.2
Selling, General & Admin	840.03	813.59	653.57	497.91	404.31
Research & Development	144.39	155.48	137.96	75.17	13.92
Operating Expenses	981.06	969.07	791.52	573.07	418.23
Operating Income	712.78	554.66	518.5	117.18	-161.03
Interest Expense	-8.05	-4.26	-1.48	-1.24	-1.55
Interest & Investment Income	72.75	57.11	12.17	4.74	11.89
Earnings From Equity Investments	-	-	-	-49.87	-103.37
Currency Exchange Gain (Loss)	12.3	1.96	11.91	-5.39	1.94
Other Non Operating Income (Expenses)	9.97	-2.54	-0.36	-0.57	-0.45
EBT Excluding Unusual Items	799.74	606.93	540.74	64.87	-252.57
Gain (Loss) on Sale of Investments	-	-	-	53.02	-82.89
Gain (Loss) on Sale of Assets	0.6	0.27	-	-	1.68
Other Unusual Items	1.26	5.89	-	-	-
Pretax Income	801.6	613.09	540.74	117.88	-333.78
Income Tax Expense	185.6	120.1	94.75	-28.83	-44.89
Earnings From Continuing Operations	616	492.99	445.98	146.71	-288.89
Minority Interest in Earnings	-	-11.38	-6.04	-	-
Net Income	616	481.61	439.95	146.71	-288.89
Net Income to Common	616	481.61	439.95	146.71	-288.89
Net Income Growth	39.46%	9.47%	199.87%	-	-
Shares Outstanding (Basic)	60	60	59	55	55
Shares Outstanding (Diluted)	62	61	59	55	55
Shares Change (YoY)	5.73%	3.53%	7.07%	-	-
EPS (Basic)	10.27	8.09	7.51	2.68	-5.28
EPS (Diluted)	9.89	7.94	7.51	2.68	-5.28
EPS Growth	31.88%	5.73%	180.22%	-	-
Free Cash Flow	-40.74	-1,235	1,812	-1,731	630.1
Free Cash Flow Per Share	-0.65	-20.37	30.94	-31.63	11.52
Gross Margin	30.71%	30.92%	33.91%	33.05%	22.37%
Operating Margin	12.92%	11.25%	13.42%	5.61%	-14.01%
Profit Margin	11.17%	9.77%	11.39%	7.03%	-25.13%
Free Cash Flow Margin	-0.74%	-25.06%	46.92%	-82.86%	54.81%
EBITDA	761.97	601.63	554.65	142.1	-138.2
EBITDA Margin	13.82%	12.21%	14.36%	6.80%	-12.02%
D&A For EBITDA	49.19	46.97	36.15	24.92	22.83
EBIT	712.78	554.66	518.5	117.18	-161.03
EBIT Margin	12.92%	11.25%	13.42%	5.61%	-14.01%
Effective Tax Rate	23.15%	19.59%	17.52%	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.