Accordance Systems 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	277.13	258.62	178.28
Revenue Growth (YoY)	7.16%	45.06%	-
Cost of Revenue	122.87	127.07	93.72
Gross Profit	154.25	131.55	84.55
Selling, General & Admin	57.35	47.88	31.22
Research & Development	15.06	11.36	11.41
Operating Expenses	74.83	59.24	42.84
Operating Income	79.42	72.32	41.71
Interest Expense	-1.44	-0.86	-0.87
Interest & Investment Income	1.4	0.56	0.45
Earnings From Equity Investments	-1.06	-0.1	0.86
Currency Exchange Gain (Loss)	-0.32	2	-1.29
Other Non Operating Income (Expenses)	0.26	0.68	0.8
Pretax Income	78.27	74.61	41.66
Income Tax Expense	17.67	13.53	9.31
Net Income	60.61	61.08	32.34
Net Income to Common	60.61	61.08	32.34
Net Income Growth	-0.77%	88.84%	-
Shares Outstanding (Basic)	18	16	12
Shares Outstanding (Diluted)	18	16	12
Shares Change (YoY)	16.65%	35.75%	-
EPS (Basic)	3.34	3.89	2.79
EPS (Diluted)	3.30	3.89	2.79
EPS Growth	-15.07%	39.11%	-
Free Cash Flow	-12.67	37.39	20.63
Free Cash Flow Per Share	-0.69	2.38	1.78
Dividend Per Share	2.100	0.667	2.000
Dividend Growth	214.98%	-66.66%	-
Gross Margin	55.66%	50.87%	47.43%
Operating Margin	28.66%	27.96%	23.40%
Profit Margin	21.87%	23.62%	18.14%
Free Cash Flow Margin	-4.57%	14.46%	11.57%
EBITDA	83.5	75.28	44.57
EBITDA Margin	30.13%	29.11%	25.00%
D&A For EBITDA	4.08	2.97	2.86
EBIT	79.42	72.32	41.71
EBIT Margin	28.66%	27.96%	23.40%
Effective Tax Rate	22.57%	18.14%	22.36%
Advertising Expenses	2.22	-	-