Horng Yu Electric Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	3,506	3,059	2,684	2,382
Revenue Growth (YoY)	47.24%	13.95%	12.71%	-
Cost of Revenue	2,853	2,483	2,086	1,933
Gross Profit	653.6	575.76	598.22	448.2
Selling, General & Admin	240.74	248.89	168.83	148.14
Research & Development	48.6	51.21	29.39	3.99
Other Operating Expenses	-11.21	-11.21	-	-
Operating Expenses	278.81	289.8	199.48	152.13
Operating Income	374.79	285.96	398.74	296.07
Interest Expense	-17.57	-12.35	-9.76	-6.35
Interest & Investment Income	2.79	1.67	0.97	0.27
Earnings From Equity Investments	4.1	4.1	-	-
Currency Exchange Gain (Loss)	3.87	-1.52	1.64	-6.33
Other Non Operating Income (Expenses)	7.94	9.23	24.26	14.13
EBT Excluding Unusual Items	375.93	287.08	415.86	297.79
Gain (Loss) on Sale of Assets	1.39	0.47	-	-0.01
Pretax Income	377.31	287.55	415.86	297.78
Income Tax Expense	77.69	55.58	87.88	59.87
Net Income	299.62	231.97	327.98	237.91
Net Income to Common	299.62	231.97	327.98	237.91
Net Income Growth	25.94%	-29.27%	37.86%	-
Shares Outstanding (Basic)	24	23	18	12
Shares Outstanding (Diluted)	24	23	18	13
Shares Change (YoY)	87.60%	26.42%	43.29%	-
EPS (Basic)	12.43	9.97	18.22	19.12
EPS (Diluted)	12.37	9.92	17.74	18.44
EPS Growth	-32.94%	-44.08%	-3.80%	-
Free Cash Flow	-113.82	136.74	242.78	26.76
Free Cash Flow Per Share	-4.70	5.85	13.13	2.07
Dividend Per Share	10.000	10.000	13.330	6.670
Dividend Growth	49.93%	-24.98%	99.85%	-
Gross Margin	18.64%	18.82%	22.29%	18.82%
Operating Margin	10.69%	9.35%	14.85%	12.43%
Profit Margin	8.54%	7.58%	12.22%	9.99%
Free Cash Flow Margin	-3.25%	4.47%	9.04%	1.12%
EBITDA	397.98	306.92	418.77	322.72
EBITDA Margin	11.35%	10.03%	15.60%	13.55%
D&A For EBITDA	23.19	20.96	20.03	26.65
EBIT	374.79	285.96	398.74	296.07
EBIT Margin	10.69%	9.35%	14.85%	12.43%
Effective Tax Rate	20.59%	19.33%	21.13%	20.11%
Revenue as Reported	3,518	3,070	2,684	2,382

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