Ideal Bike 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	2,195	2,650	3,655	5,591	4,614
Revenue Growth (YoY)	-17.19%	-27.48%	-34.64%	21.19%	14.68%
Cost of Revenue	2,261	2,530	3,372	4,764	4,069
Gross Profit	-66.34	120.86	282.85	826.9	544.04
Selling, General & Admin	321.84	321.14	347.69	469.61	416.18
Research & Development	9.15	-	-	-	-
Operating Expenses	366.81	404.38	598.28	469.29	416.33
Operating Income	-433.15	-283.52	-315.42	357.61	127.71
Interest Expense	-48.27	-60.07	-89.75	-56.73	-35.83
Interest & Investment Income	7.29	11.97	18.43	14.2	2.65
Earnings From Equity Investments	17.32	1.43	-17.06	0.83	15.76
Currency Exchange Gain (Loss)	-	67.69	79.64	110.56	-20.67
Other Non Operating Income (Expenses)	41.81	32.18	51.24	13.51	32.71
EBT Excluding Unusual Items	-414.99	-230.32	-272.92	439.98	122.32
Gain (Loss) on Sale of Assets	-	-0.28	-1.61	-0.7	-2.28
Pretax Income	-414.99	-230.6	-274.53	439.28	120.04
Income Tax Expense	37.7	2.35	16.7	104.93	37.45
Earnings From Continuing Operations	-452.69	-232.95	-291.23	334.36	82.59
Net Income	-452.69	-232.95	-291.23	334.36	82.59
Net Income to Common	-452.69	-232.95	-291.23	334.36	82.59
Net Income Growth	-	-	-	304.84%	640.06%
Shares Outstanding (Basic)	326	315	302	301	282
Shares Outstanding (Diluted)	326	315	302	301	286
Shares Change (YoY)	3.54%	4.25%	0.08%	5.58%	17.25%
EPS (Basic)	-1.39	-0.74	-0.97	1.11	0.29
EPS (Diluted)	-1.39	-0.74	-0.97	1.11	0.29
EPS Growth	-	-	-	282.46%	519.45%
Free Cash Flow	-67.55	292.15	189.99	-959.91	-571.58
Free Cash Flow Per Share	-0.21	0.93	0.63	-3.18	-2.00
Gross Margin	-3.02%	4.56%	7.74%	14.79%	11.79%
Operating Margin	-19.73%	-10.70%	-8.63%	6.40%	2.77%
Profit Margin	-20.62%	-8.79%	-7.97%	5.98%	1.79%
Free Cash Flow Margin	-3.08%	11.02%	5.20%	-17.17%	-12.39%
EBITDA	-376.3	-230.12	-260.32	408.7	178.04
EBITDA Margin	-17.14%	-8.68%	-7.12%	7.31%	3.86%
D&A For EBITDA	56.85	53.41	55.1	51.08	50.33
EBIT	-433.15	-283.52	-315.42	357.61	127.71
EBIT Margin	-19.73%	-10.70%	-8.63%	6.40%	2.77%
Effective Tax Rate	-	-	-	23.89%	31.20%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.