Horng Yu Electric 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	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	3,365	3,059	2,684	2,382
Revenue Growth (YoY)	10.03%	13.95%	12.71%	-
Cost of Revenue	2,726	2,483	2,086	1,933
Gross Profit	639.61	575.76	598.22	448.2
Selling, General & Admin	200.58	248.89	168.83	148.14
Research & Development	49.73	51.21	29.39	3.99
Other Operating Expenses	-	-11.21	-	-
Operating Expenses	250.31	289.8	199.48	152.13
Operating Income	389.3	285.96	398.74	296.07
Interest Expense	-20.1	-12.35	-9.76	-6.35
Interest & Investment Income	3.7	1.67	0.97	0.27
Earnings From Equity Investments	-	4.1	-	-
Currency Exchange Gain (Loss)	-	-1.52	1.64	-6.33
Other Non Operating Income (Expenses)	8.69	9.23	24.26	14.13
EBT Excluding Unusual Items	381.59	287.08	415.86	297.79
Gain (Loss) on Sale of Assets	-	0.47	-	-0.01
Asset Writedown	0.39	-	-	-
Pretax Income	381.98	287.55	415.86	297.78
Income Tax Expense	79.67	55.58	87.88	59.87
Net Income	302.31	231.97	327.98	237.91
Net Income to Common	302.31	231.97	327.98	237.91
Net Income Growth	30.32%	-29.27%	37.86%	-
Shares Outstanding (Basic)	25	23	18	12
Shares Outstanding (Diluted)	25	23	18	13
Shares Change (YoY)	6.01%	26.42%	43.29%	-
EPS (Basic)	12.24	9.97	18.22	19.12
EPS (Diluted)	12.20	9.92	17.74	18.44
EPS Growth	22.98%	-44.08%	-3.80%	-
Free Cash Flow	-7.34	136.74	242.78	26.76
Free Cash Flow Per Share	-0.30	5.85	13.13	2.07
Dividend Per Share	-	10.000	13.330	6.670
Dividend Growth	-	-24.98%	99.85%	-
Gross Margin	19.00%	18.82%	22.29%	18.82%
Operating Margin	11.57%	9.35%	14.85%	12.43%
Profit Margin	8.98%	7.58%	12.22%	9.99%
Free Cash Flow Margin	-0.22%	4.47%	9.04%	1.12%
EBITDA	415.88	306.92	418.77	322.72
EBITDA Margin	12.36%	10.03%	15.60%	13.55%
D&A For EBITDA	26.58	20.96	20.03	26.65
EBIT	389.3	285.96	398.74	296.07
EBIT Margin	11.57%	9.35%	14.85%	12.43%
Effective Tax Rate	20.86%	19.33%	21.13%	20.11%
Revenue as Reported	3,365	3,070	2,684	2,382

Source: S&P Global Market Intelligence. Standard template. Financial Sources.