GrandTech Cloud Services 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
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,430	1,052	876.21
Revenue Growth (YoY)	35.93%	20.04%	-
Cost of Revenue	1,200	866.04	704.64
Gross Profit	230.04	185.74	171.57
Selling, General & Admin	104.61	93.21	86.18
Research & Development	5	5.1	4.24
Operating Expenses	109.85	98.37	88.94
Operating Income	120.19	87.37	82.63
Interest Expense	-1.56	-0.46	-0.81
Interest & Investment Income	2.13	1.59	0.69
Currency Exchange Gain (Loss)	5.33	5	5.61
Other Non Operating Income (Expenses)	1.27	1.64	1.3
EBT Excluding Unusual Items	127.37	95.15	89.41
Gain (Loss) on Sale of Assets	-0.02	-0.49	-0.01
Other Unusual Items	-	0.01	-
Pretax Income	127.35	94.67	89.41
Income Tax Expense	24.53	18.31	17.04
Earnings From Continuing Operations	102.82	76.36	72.36
Minority Interest in Earnings	-7.36	-8.79	-9.35
Net Income	95.47	67.57	63.01
Net Income to Common	95.47	67.57	63.01
Net Income Growth	41.29%	7.23%	-
Shares Outstanding (Basic)	23	23	22
Shares Outstanding (Diluted)	24	23	22
Shares Change (YoY)	1.08%	3.55%	-
EPS (Basic)	4.07	2.92	2.82
EPS (Diluted)	4.06	2.90	2.81
EPS Growth	40.00%	3.25%	-
Free Cash Flow	-43.42	15.12	-20.96
Free Cash Flow Per Share	-1.85	0.65	-0.93
Gross Margin	16.09%	17.66%	19.58%
Operating Margin	8.41%	8.31%	9.43%
Profit Margin	6.68%	6.42%	7.19%
Free Cash Flow Margin	-3.04%	1.44%	-2.39%
EBITDA	122.4	89.9	84.47
EBITDA Margin	8.56%	8.55%	9.64%
D&A For EBITDA	2.21	2.53	1.84
EBIT	120.19	87.37	82.63
EBIT Margin	8.41%	8.31%	9.43%
Effective Tax Rate	19.26%	19.35%	19.06%

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.