GrandTech Cloud Services 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,568	1,430	1,052	876.21
Revenue Growth (YoY)	9.70%	35.93%	20.04%	-
Cost of Revenue	1,336	1,200	866.04	704.64
Gross Profit	231.88	230.04	185.74	171.57
Selling, General & Admin	98.06	104.61	93.21	86.18
Research & Development	11.14	5	5.1	4.24
Operating Expenses	111.73	109.85	98.37	88.94
Operating Income	120.15	120.19	87.37	82.63
Interest Expense	-1	-1.56	-0.46	-0.81
Interest & Investment Income	6.41	2.13	1.59	0.69
Currency Exchange Gain (Loss)	2.78	5.33	5	5.61
Other Non Operating Income (Expenses)	1.14	1.27	1.64	1.3
EBT Excluding Unusual Items	129.48	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	129.49	127.35	94.67	89.41
Income Tax Expense	18.97	24.53	18.31	17.04
Earnings From Continuing Operations	110.52	102.82	76.36	72.36
Minority Interest in Earnings	-7.73	-7.36	-8.79	-9.35
Net Income	102.79	95.47	67.57	63.01
Net Income to Common	102.79	95.47	67.57	63.01
Net Income Growth	7.67%	41.29%	7.23%	-
Shares Outstanding (Basic)	25	23	23	22
Shares Outstanding (Diluted)	25	24	23	22
Shares Change (YoY)	8.37%	1.08%	3.55%	-
EPS (Basic)	4.04	4.07	2.92	2.82
EPS (Diluted)	4.03	4.06	2.90	2.81
EPS Growth	-0.74%	40.00%	3.25%	-
Free Cash Flow	309.88	-43.42	15.12	-20.96
Free Cash Flow Per Share	12.16	-1.85	0.65	-0.93
Gross Margin	14.79%	16.09%	17.66%	19.58%
Operating Margin	7.66%	8.41%	8.31%	9.43%
Profit Margin	6.55%	6.68%	6.42%	7.19%
Free Cash Flow Margin	19.76%	-3.04%	1.44%	-2.39%
EBITDA	122.46	122.4	89.9	84.47
EBITDA Margin	7.81%	8.56%	8.55%	9.64%
D&A For EBITDA	2.31	2.21	2.53	1.84
EBIT	120.15	120.19	87.37	82.63
EBIT Margin	7.66%	8.41%	8.31%	9.43%
Effective Tax Rate	14.65%	19.26%	19.35%	19.06%

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