Test Rite Retail 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	8,639	9,513	9,604	10,590
Revenue Growth (YoY)	-9.19%	-0.95%	-9.32%	-
Cost of Revenue	5,286	5,979	6,039	6,809
Gross Profit	3,353	3,534	3,565	3,782
Selling, General & Admin	3,088	3,333	3,228	3,526
Operating Expenses	3,088	3,333	3,228	3,526
Operating Income	265.19	200.95	336.68	255.57
Interest Expense	-90.37	-108.63	-131.81	-92.36
Interest & Investment Income	19.59	22.99	37.04	15.71
Currency Exchange Gain (Loss)	-	-4.25	2.24	-2.75
Other Non Operating Income (Expenses)	70.89	47.7	54.5	80.77
EBT Excluding Unusual Items	265.29	158.75	298.64	256.93
Gain (Loss) on Sale of Investments	-	0.56	0.45	0.17
Gain (Loss) on Sale of Assets	-	-1.56	-4.51	-3.4
Other Unusual Items	-	15.42	0.29	-
Pretax Income	265.29	173.17	294.87	253.7
Income Tax Expense	54.11	16.08	5.87	28.04
Net Income	211.19	157.09	289	225.66
Net Income to Common	211.19	157.09	289	225.66
Net Income Growth	34.43%	-45.64%	28.07%	-
Shares Outstanding (Basic)	88	93	100	100
Shares Outstanding (Diluted)	89	93	100	100
Shares Change (YoY)	-4.16%	-7.41%	-0.05%	-
EPS (Basic)	2.39	1.70	2.89	2.26
EPS (Diluted)	2.38	1.70	2.89	2.26
EPS Growth	40.14%	-41.23%	28.07%	-
Free Cash Flow	1,145	1,273	938.34	902.75
Free Cash Flow Per Share	12.90	13.75	9.38	9.02
Dividend Per Share	-	1.370	-	-
Gross Margin	38.81%	37.15%	37.12%	35.71%
Operating Margin	3.07%	2.11%	3.51%	2.41%
Profit Margin	2.44%	1.65%	3.01%	2.13%
Free Cash Flow Margin	13.25%	13.38%	9.77%	8.52%
EBITDA	1,354	455.76	596.21	513.88
EBITDA Margin	15.67%	4.79%	6.21%	4.85%
D&A For EBITDA	1,089	254.8	259.52	258.31
EBIT	265.19	200.95	336.68	255.57
EBIT Margin	3.07%	2.11%	3.51%	2.41%
Effective Tax Rate	20.39%	9.28%	1.99%	11.05%

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