Forward Electronics 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	658.45	596.26	722.58	893.81	914.52
Revenue Growth (YoY)	10.43%	-17.48%	-19.16%	-2.27%	12.77%
Cost of Revenue	614.36	568.64	721.99	811.68	818.35
Gross Profit	44.09	27.62	0.59	82.13	96.17
Selling, General & Admin	101.33	125.65	104.28	89.02	98.72
Research & Development	15.05	14.53	16.89	17.96	19.44
Operating Expenses	122.09	215.04	154.59	111.26	117.79
Operating Income	-77.99	-187.43	-154	-29.13	-21.62
Interest Expense	-24.54	-23.09	-15.81	-12.99	-13.87
Interest & Investment Income	91.27	36.22	28	33.9	39.02
Currency Exchange Gain (Loss)	-16.69	26.48	1.75	41.99	-4.65
Other Non Operating Income (Expenses)	9.34	23.66	28.35	39.8	37.34
EBT Excluding Unusual Items	-18.61	-124.15	-111.72	73.57	36.23
Gain (Loss) on Sale of Investments	-74.33	12.33	3.02	-1.9	2.93
Gain (Loss) on Sale of Assets	-0.03	0.3	-4.33	-1.52	-7.42
Asset Writedown	-3.73	8.81	-28.28	1.48	6.14
Other Unusual Items	-	0.01	0.63	-	0.03
Pretax Income	-96.71	-102.71	-140.67	71.63	37.91
Income Tax Expense	45.21	17.65	-0.39	-100.4	4.52
Net Income	-141.92	-120.35	-140.28	172.03	33.4
Net Income to Common	-141.92	-120.35	-140.28	172.03	33.4
Net Income Growth	-	-	-	415.12%	-
Shares Outstanding (Basic)	140	140	140	140	140
Shares Outstanding (Diluted)	140	140	140	140	140
Shares Change (YoY)	-	-	-0.14%	-0.01%	0.15%
EPS (Basic)	-1.01	-0.86	-1.00	1.23	0.24
EPS (Diluted)	-1.01	-0.86	-1.00	1.23	0.24
EPS Growth	-	-	-	415.12%	-
Free Cash Flow	-39.1	-139.67	22.24	80.27	-35.81
Free Cash Flow Per Share	-0.28	-1.00	0.16	0.57	-0.26
Dividend Per Share	-	-	-	0.100	0.200
Dividend Growth	-	-	-	-50.00%	-
Gross Margin	6.70%	4.63%	0.08%	9.19%	10.52%
Operating Margin	-11.85%	-31.43%	-21.31%	-3.26%	-2.36%
Profit Margin	-21.55%	-20.18%	-19.41%	19.25%	3.65%
Free Cash Flow Margin	-5.94%	-23.42%	3.08%	8.98%	-3.91%
EBITDA	-56.6	-162.65	-125.16	0.52	13.92
EBITDA Margin	-8.60%	-27.28%	-17.32%	0.06%	1.52%
D&A For EBITDA	21.4	24.78	28.84	29.65	35.54
EBIT	-77.99	-187.43	-154	-29.13	-21.62
EBIT Margin	-11.85%	-31.43%	-21.31%	-3.26%	-2.36%
Effective Tax Rate	-	-	-	-	11.91%

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