Hermes Testing Solutions Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	2,425	1,598	809.2
Revenue Growth (YoY)	51.75%	97.45%	-
Cost of Revenue	1,404	1,019	633.79
Gross Profit	1,021	578.91	175.42
Selling, General & Admin	306.5	198.77	135.49
Research & Development	414.89	330.47	256.57
Operating Expenses	724.21	525.36	392.84
Operating Income	296.6	53.55	-217.43
Interest Expense	-15.56	-13.72	-11.56
Interest & Investment Income	3.34	1.93	1.37
Currency Exchange Gain (Loss)	6.34	-0.43	-5.83
Other Non Operating Income (Expenses)	27.83	15.62	-1.1
EBT Excluding Unusual Items	318.54	56.95	-234.55
Gain (Loss) on Sale of Assets	3.62	-0.19	25.47
Pretax Income	322.15	56.77	-209.08
Income Tax Expense	53.82	-	1.36
Earnings From Continuing Operations	268.33	56.77	-210.43
Minority Interest in Earnings	0.02	0.02	0.02
Net Income	268.35	56.78	-210.41
Net Income to Common	268.35	56.78	-210.41
Net Income Growth	372.59%	-	-
Shares Outstanding (Basic)	25	20	20
Shares Outstanding (Diluted)	25	21	20
Shares Change (YoY)	20.21%	4.84%	-
EPS (Basic)	10.83	2.84	-10.52
EPS (Diluted)	10.65	2.71	-10.52
EPS Growth	292.99%	-	-
Free Cash Flow	472.03	-39.82	-51.38
Free Cash Flow Per Share	18.73	-1.90	-2.57
Gross Margin	42.10%	36.23%	21.68%
Operating Margin	12.23%	3.35%	-26.87%
Profit Margin	11.07%	3.55%	-26.00%
Free Cash Flow Margin	19.47%	-2.49%	-6.35%
EBITDA	494.26	228	-41.49
EBITDA Margin	20.39%	14.27%	-5.13%
D&A For EBITDA	197.66	174.45	175.94
EBIT	296.6	53.55	-217.43
EBIT Margin	12.23%	3.35%	-26.87%
Effective Tax Rate	16.71%	-	-