Hotai Leasing Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	29,905	29,679	29,074
Revenue Growth (YoY)	2.08%	2.08%	-
Cost of Revenue	26,222	26,063	25,647
Gross Profit	3,683	3,616	3,427
Selling, General & Admin	2,695	2,680	2,762
Research & Development	121.73	130.09	124.83
Other Operating Expenses	14.27	14.27	22.79
Operating Expenses	2,835	2,824	2,909
Operating Income	848.61	791.75	517.4
Interest Expense	-8.55	-8.4	-7.87
Interest & Investment Income	5.08	5.07	4.72
Earnings From Equity Investments	-10.85	20.05	360.3
Other Non Operating Income (Expenses)	321.77	272.95	384.41
EBT Excluding Unusual Items	1,156	1,081	1,259
Pretax Income	1,156	1,144	1,346
Income Tax Expense	292.97	296.78	344.36
Earnings From Continuing Operations	863.1	847.38	1,002
Minority Interest in Earnings	25.22	39.25	73.1
Net Income	888.31	886.63	1,075
Preferred Dividends & Other Adjustments	-	-	84.19
Net Income to Common	888.31	886.63	990.62
Net Income Growth	-18.26%	-17.51%	-
Shares Outstanding (Basic)	192	193	193
Shares Outstanding (Diluted)	193	193	193
Shares Change (YoY)	-0.41%	-0.38%	-
EPS (Basic)	4.62	4.61	5.15
EPS (Diluted)	4.61	4.60	5.12
EPS Growth	-8.45%	-10.16%	-
Free Cash Flow	703.67	-1,095	-2,969
Free Cash Flow Per Share	3.65	-5.68	-15.35
Dividend Per Share	-	3.220	4.800
Dividend Growth	-	-32.92%	-
Gross Margin	12.32%	12.18%	11.79%
Operating Margin	2.84%	2.67%	1.78%
Profit Margin	2.97%	2.99%	3.41%
Free Cash Flow Margin	2.35%	-3.69%	-10.21%
EBITDA	13,674	13,447	12,468
EBITDA Margin	45.73%	45.31%	42.88%
D&A For EBITDA	12,826	12,655	11,951
EBIT	848.61	791.75	517.4
EBIT Margin	2.84%	2.67%	1.78%
Effective Tax Rate	25.34%	25.94%	25.58%
Advertising Expenses	-	21.73	23.28