GrandTech Cloud Services 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
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,335	1,052	876.21
Revenue Growth (YoY)	52.35%	20.04%	-
Cost of Revenue	1,104	866.04	704.64
Gross Profit	230.76	185.74	171.57
Selling, General & Admin	101.12	93.21	86.18
Research & Development	4.26	5.1	4.24
Operating Expenses	105.1	98.37	88.94
Operating Income	125.67	87.37	82.63
Interest Expense	-1.22	-0.46	-0.81
Interest & Investment Income	2.38	1.59	0.69
Currency Exchange Gain (Loss)	5	5	5.61
Other Non Operating Income (Expenses)	1.53	1.64	1.3
EBT Excluding Unusual Items	133.37	95.15	89.41
Gain (Loss) on Sale of Assets	-0.49	-0.49	-0.01
Other Unusual Items	0.01	0.01	-
Pretax Income	132.9	94.67	89.41
Income Tax Expense	28.53	18.31	17.04
Earnings From Continuing Operations	104.37	76.36	72.36
Minority Interest in Earnings	-8.61	-8.79	-9.35
Net Income	95.75	67.57	63.01
Net Income to Common	95.75	67.57	63.01
Net Income Growth	51.96%	7.23%	-
Shares Outstanding (Basic)	20	20	19
Shares Outstanding (Diluted)	20	20	20
Shares Change (YoY)	4.75%	3.72%	-
EPS (Basic)	4.72	3.35	3.24
EPS (Diluted)	4.67	3.33	3.23
EPS Growth	44.71%	3.10%	-
Free Cash Flow	-51.54	15.12	-20.96
Free Cash Flow Per Share	-2.52	0.75	-1.07
Gross Margin	17.29%	17.66%	19.58%
Operating Margin	9.41%	8.31%	9.43%
Profit Margin	7.17%	6.42%	7.19%
Free Cash Flow Margin	-3.86%	1.44%	-2.39%
EBITDA	125.42	89.9	84.47
EBITDA Margin	9.39%	8.55%	9.64%
D&A For EBITDA	-0.25	2.53	1.84
EBIT	125.67	87.37	82.63
EBIT Margin	9.41%	8.31%	9.43%
Effective Tax Rate	21.47%	19.34%	19.06%

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