GrandTech Cloud Services 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,562	1,430	1,052	876.21
Revenue Growth (YoY)	17.00%	35.93%	20.04%	-
Cost of Revenue	1,329	1,200	866.04	704.64
Gross Profit	232.53	230.04	185.74	171.57
Selling, General & Admin	102.19	104.61	93.21	86.18
Research & Development	10.14	5	5.1	4.24
Operating Expenses	113.4	109.85	98.37	88.94
Operating Income	119.13	120.19	87.37	82.63
Interest Expense	-1.45	-1.56	-0.46	-0.81
Interest & Investment Income	3.9	2.13	1.59	0.69
Currency Exchange Gain (Loss)	-0.09	5.33	5	5.61
Other Non Operating Income (Expenses)	1.65	1.27	1.64	1.3
EBT Excluding Unusual Items	123.13	127.37	95.15	89.41
Gain (Loss) on Sale of Assets	0.01	-0.02	-0.49	-0.01
Other Unusual Items	-	-	0.01	-
Pretax Income	123.14	127.35	94.67	89.41
Income Tax Expense	15.56	24.53	18.31	17.04
Earnings From Continuing Operations	107.58	102.82	76.36	72.36
Minority Interest in Earnings	-8.95	-7.36	-8.79	-9.35
Net Income	98.64	95.47	67.57	63.01
Net Income to Common	98.64	95.47	67.57	63.01
Net Income Growth	3.01%	41.29%	7.23%	-
Shares Outstanding (Basic)	25	23	23	22
Shares Outstanding (Diluted)	25	24	23	22
Shares Change (YoY)	4.71%	1.08%	3.55%	-
EPS (Basic)	4.03	4.07	2.92	2.82
EPS (Diluted)	4.02	4.06	2.90	2.81
EPS Growth	-1.44%	40.00%	3.25%	-
Free Cash Flow	232.46	-43.42	15.12	-20.96
Free Cash Flow Per Share	9.48	-1.85	0.65	-0.93
Gross Margin	14.89%	16.09%	17.66%	19.58%
Operating Margin	7.63%	8.41%	8.31%	9.43%
Profit Margin	6.31%	6.68%	6.42%	7.19%
Free Cash Flow Margin	14.88%	-3.04%	1.44%	-2.39%
EBITDA	121.41	122.4	89.9	84.47
EBITDA Margin	7.77%	8.56%	8.55%	9.64%
D&A For EBITDA	2.29	2.21	2.53	1.84
EBIT	119.13	120.19	87.37	82.63
EBIT Margin	7.63%	8.41%	8.31%	9.43%
Effective Tax Rate	12.63%	19.26%	19.35%	19.06%

Source: S&P Capital IQ. Standard template. Financial Sources.