Taiwan Fertilizer Co., Ltd. (TPE:1722)

Taiwan Fertilizer Income Statement

Financials in millions TWD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	12,066	11,873	15,015	15,052	13,659	10,170
Revenue Growth (YoY)	2.23%	-20.92%	-0.25%	10.20%	34.31%	-21.11%
Cost of Revenue	10,487	10,089	10,897	13,760	11,520	7,581
Gross Profit	1,579	1,784	4,118	1,292	2,139	2,589
Selling, General & Admin	1,250	1,195	1,316	1,737	1,570	1,275
Research & Development	35.94	39.3	44.54	42.57	58.7	66.58
Operating Expenses	1,286	1,235	1,361	1,781	1,632	1,341
Operating Income	293.22	549.71	2,758	-488.52	507.32	1,248
Interest Expense	-2.12	-2.01	-2.78	-4.15	-4.23	-4.56
Interest & Investment Income	140.55	160	168.35	137.02	72.74	85.86
Earnings From Equity Investments	1,163	981.29	1,736	3,492	3,059	578.2
Currency Exchange Gain (Loss)	-1.57	22.87	75.04	113.86	-31	1.89
Other Non Operating Income (Expenses)	-23.11	-3.97	-69.16	-17.8	9.73	2.25
EBT Excluding Unusual Items	1,570	1,708	4,665	3,232	3,614	1,911
Impairment of Goodwill	-75.02	-75.02	-	-	-	-
Gain (Loss) on Sale of Investments	6.29	5.08	-7.48	1.32	2.37	5.07
Gain (Loss) on Sale of Assets	-0	-0.14	0.52	63.13	205.54	1,049
Asset Writedown	-	-	-305.22	-	-29.91	-
Pretax Income	1,501	1,638	4,352	3,296	3,792	2,965
Income Tax Expense	-43.24	-327.83	433.4	626.82	757.06	512.49
Net Income	1,544	1,966	3,919	2,670	3,035	2,453
Net Income to Common	1,544	1,966	3,919	2,670	3,035	2,453
Net Income Growth	-10.38%	-49.84%	46.80%	-12.03%	23.72%	18.84%
Shares Outstanding (Basic)	980	980	980	980	980	980
Shares Outstanding (Diluted)	981	981	982	982	982	982
Shares Change (YoY)	-0.01%	-0.08%	0.01%	0.01%	-0.01%	-0.03%
EPS (Basic)	1.58	2.01	4.00	2.72	3.10	2.50
EPS (Diluted)	1.57	2.00	3.99	2.72	3.09	2.50
EPS Growth	-10.24%	-49.88%	46.69%	-11.97%	23.60%	19.05%
Free Cash Flow	1,395	3,182	5,654	5,252	2,592	380.16
Free Cash Flow Per Share	1.42	3.24	5.76	5.35	2.64	0.39
Dividend Per Share	2.000	2.000	2.600	2.500	2.800	2.300
Dividend Growth	-23.08%	-23.08%	4.00%	-10.71%	21.74%	4.54%
Gross Margin	13.09%	15.03%	27.43%	8.58%	15.66%	25.46%
Operating Margin	2.43%	4.63%	18.37%	-3.25%	3.71%	12.27%
Profit Margin	12.80%	16.55%	26.10%	17.74%	22.22%	24.12%
Free Cash Flow Margin	11.56%	26.80%	37.66%	34.89%	18.98%	3.74%
EBITDA	1,600	1,847	3,903	567.04	1,555	2,216
EBITDA Margin	13.26%	15.55%	25.99%	3.77%	11.39%	21.79%
D&A For EBITDA	1,307	1,297	1,145	1,056	1,048	968.51
EBIT	293.22	549.71	2,758	-488.52	507.32	1,248
EBIT Margin	2.43%	4.63%	18.37%	-3.25%	3.71%	12.27%
Effective Tax Rate	-	-	9.96%	19.02%	19.97%	17.28%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.