Progate Group 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	1,349	682.24	1,105	934.4	560.26
Revenue Growth (YoY)	97.77%	-38.25%	18.23%	66.78%	48.84%
Cost of Revenue	1,086	489.47	781.61	685.72	386.69
Gross Profit	262.8	192.77	323.13	248.68	173.58
Selling, General & Admin	71.15	66.51	59.93	62.39	44.87
Research & Development	91.03	84.9	69.54	70.51	62.04
Operating Expenses	165.02	151.41	129.48	132.91	106.91
Operating Income	97.79	41.36	193.65	115.78	66.67
Interest Expense	-0.1	-0.1	-0.04	-0.04	-0.04
Interest & Investment Income	20.41	21.64	10.06	1.32	0.69
Currency Exchange Gain (Loss)	-13.77	16.21	-4.61	8.5	-1.06
Other Non Operating Income (Expenses)	0.02	-	0.01	-0.45	0.01
EBT Excluding Unusual Items	104.36	79.1	199.07	125.12	66.28
Gain (Loss) on Sale of Investments	3.31	-0.32	0.72	-33.43	-0.12
Other Unusual Items	-	0.01	0.01	-	0.01
Pretax Income	107.67	78.79	199.8	91.69	66.17
Income Tax Expense	26.28	16.07	39.69	18.42	8.02
Net Income	81.39	62.73	160.11	73.27	58.15
Net Income to Common	81.39	62.73	160.11	73.27	58.15
Net Income Growth	29.75%	-60.82%	118.53%	25.99%	-
Shares Outstanding (Basic)	40	38	37	33	33
Shares Outstanding (Diluted)	40	38	37	33	33
Shares Change (YoY)	4.02%	1.79%	11.91%	0.65%	-
EPS (Basic)	2.06	1.65	4.29	2.20	1.75
EPS (Diluted)	2.06	1.65	4.28	2.19	1.75
EPS Growth	24.78%	-61.46%	95.43%	25.14%	-
Free Cash Flow	46.94	144.67	108.65	41.29	125.81
Free Cash Flow Per Share	1.19	3.80	2.91	1.24	3.79
Dividend Per Share	1.700	1.600	2.300	1.500	-
Dividend Growth	6.25%	-30.44%	53.33%	-	-
Gross Margin	19.48%	28.26%	29.25%	26.61%	30.98%
Operating Margin	7.25%	6.06%	17.53%	12.39%	11.90%
Profit Margin	6.03%	9.19%	14.49%	7.84%	10.38%
Free Cash Flow Margin	3.48%	21.20%	9.84%	4.42%	22.45%
EBITDA	102.04	44.76	196.2	117.97	68.85
EBITDA Margin	7.56%	6.56%	17.76%	12.63%	12.29%
D&A For EBITDA	4.25	3.4	2.55	2.19	2.18
EBIT	97.79	41.36	193.65	115.78	66.67
EBIT Margin	7.25%	6.06%	17.53%	12.39%	11.90%
Effective Tax Rate	24.41%	20.39%	19.86%	20.09%	12.12%

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