Advanced Material 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	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	367.62	318.7	291.79	368.72
Revenue Growth (YoY)	15.35%	9.22%	-20.86%	-
Cost of Revenue	214.73	220.17	182.5	206.78
Gross Profit	152.88	98.53	109.29	161.94
Selling, General & Admin	59.88	47.2	38.64	41.04
Research & Development	15.95	27.44	22.07	19.49
Operating Expenses	75.83	74.91	60.71	60.53
Operating Income	77.05	23.62	48.58	101.41
Interest Expense	-1.18	-2.19	-3.53	-3.04
Interest & Investment Income	10.26	23.06	18.76	2.73
Currency Exchange Gain (Loss)	-24.79	28.69	-2.57	3.82
Other Non Operating Income (Expenses)	1.63	1.14	1.04	1.12
EBT Excluding Unusual Items	62.98	74.32	62.28	106.04
Gain (Loss) on Sale of Assets	-0.47	-0.39	-0.76	-0.54
Pretax Income	62.51	73.92	61.52	105.5
Income Tax Expense	12.18	15.04	-2.78	-
Net Income	50.33	58.88	64.31	105.5
Net Income to Common	50.33	58.88	64.31	105.5
Net Income Growth	-14.52%	-8.43%	-39.05%	-
Shares Outstanding (Basic)	36	34	34	30
Shares Outstanding (Diluted)	36	34	34	30
Shares Change (YoY)	6.07%	0.09%	11.57%	-
EPS (Basic)	1.42	1.74	1.91	3.49
EPS (Diluted)	1.40	1.74	1.91	3.49
EPS Growth	-19.54%	-8.68%	-45.37%	-
Free Cash Flow	-239.78	-35.85	159.98	91.14
Free Cash Flow Per Share	-6.69	-1.06	4.74	3.01
Dividend Per Share	1.130	-	-	-
Gross Margin	41.59%	30.92%	37.46%	43.92%
Operating Margin	20.96%	7.41%	16.65%	27.50%
Profit Margin	13.69%	18.48%	22.04%	28.61%
Free Cash Flow Margin	-65.23%	-11.25%	54.83%	24.72%
EBITDA	97.2	46.82	71.42	127.03
EBITDA Margin	26.44%	14.69%	24.48%	34.45%
D&A For EBITDA	20.14	23.2	22.84	25.62
EBIT	77.05	23.62	48.58	101.41
EBIT Margin	20.96%	7.41%	16.65%	27.50%
Effective Tax Rate	19.48%	20.35%	-	-