Progate Group 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,135	682.24	1,105	934.4	560.26	376.42
Revenue Growth (YoY)	32.95%	-38.25%	18.23%	66.78%	48.84%	0.07%
Cost of Revenue	877.91	489.47	781.61	685.72	386.69	291.88
Gross Profit	256.85	192.77	323.13	248.68	173.58	84.54
Selling, General & Admin	68.66	66.51	59.93	62.39	44.87	56.67
Research & Development	88.71	84.9	69.54	70.51	62.04	61.6
Operating Expenses	157.37	151.41	129.48	132.91	106.91	118.27
Operating Income	99.48	41.36	193.65	115.78	66.67	-33.73
Interest Expense	-0.1	-0.1	-0.04	-0.04	-0.04	-0.04
Interest & Investment Income	22.7	21.64	10.06	1.32	0.69	0.8
Currency Exchange Gain (Loss)	-9.77	16.21	-4.61	8.5	-1.06	-1.72
Other Non Operating Income (Expenses)	0.02	-	0.01	-0.45	0.01	0.03
EBT Excluding Unusual Items	112.34	79.1	199.07	125.12	66.28	-34.67
Gain (Loss) on Sale of Investments	-3.57	-0.32	0.72	-33.43	-0.12	2.22
Other Unusual Items	-	0.01	0.01	-	0.01	-
Pretax Income	108.77	78.79	199.8	91.69	66.17	-32.44
Income Tax Expense	26.61	16.07	39.69	18.42	8.02	-5.93
Net Income	82.16	62.73	160.11	73.27	58.15	-26.51
Net Income to Common	82.16	62.73	160.11	73.27	58.15	-26.51
Net Income Growth	22.83%	-60.82%	118.53%	25.99%	-	-
Shares Outstanding (Basic)	40	38	37	33	33	33
Shares Outstanding (Diluted)	40	38	37	33	33	33
Shares Change (YoY)	5.57%	1.79%	11.91%	0.65%	-	-
EPS (Basic)	2.08	1.65	4.29	2.20	1.75	-0.80
EPS (Diluted)	2.08	1.65	4.28	2.19	1.75	-0.80
EPS Growth	16.86%	-61.46%	95.43%	25.14%	-	-
Free Cash Flow	89.1	140.53	108.65	41.29	125.81	36.08
Free Cash Flow Per Share	2.25	3.69	2.91	1.24	3.79	1.09
Dividend Per Share	1.600	1.600	2.300	1.500	-	-
Dividend Growth	-30.44%	-30.44%	53.33%	-	-	-
Gross Margin	22.63%	28.26%	29.25%	26.61%	30.98%	22.46%
Operating Margin	8.77%	6.06%	17.53%	12.39%	11.90%	-8.96%
Profit Margin	7.24%	9.19%	14.49%	7.84%	10.38%	-7.04%
Free Cash Flow Margin	7.85%	20.60%	9.84%	4.42%	22.45%	9.58%
EBITDA	103.52	44.76	196.2	117.97	68.85	-31.02
EBITDA Margin	9.12%	6.56%	17.76%	12.63%	12.29%	-8.24%
D&A For EBITDA	4.03	3.4	2.55	2.19	2.18	2.72
EBIT	99.48	41.36	193.65	115.78	66.67	-33.73
EBIT Margin	8.77%	6.06%	17.53%	12.39%	11.90%	-8.96%
Effective Tax Rate	24.47%	20.39%	19.86%	20.09%	12.12%	-

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