Advantech Co., Ltd. (TPE:2395)

Advantech 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	63,258	59,786	64,568	68,745	58,622	51,119
Revenue	63,258	59,786	64,568	68,745	58,622	51,119
Revenue Growth (YoY)	3.62%	-7.41%	-6.08%	17.27%	14.68%	-5.59%
Cost of Revenue	37,402	35,410	38,406	42,632	36,490	30,723
Gross Profit	25,856	24,376	26,162	26,113	22,132	20,396
Selling, General & Admin	10,241	9,866	9,172	8,762	8,057	7,314
Research & Development	5,561	5,416	4,830	4,768	4,270	4,056
Operating Expenses	15,800	15,326	14,034	13,581	12,331	11,360
Operating Income	10,057	9,050	12,128	12,532	9,800	9,037
Interest Expense	-93.33	-91.36	-44.43	-26.22	-14.75	-17.61
Interest & Investment Income	738.91	790.13	499.7	293.45	212.94	138.96
Earnings From Equity Investments	405.24	399.26	388.51	447.4	263.94	166.04
Currency Exchange Gain (Loss)	241.23	215.42	-10.83	190.11	-28.97	-72.1
Other Non Operating Income (Expenses)	16.22	151.91	161.59	155.51	175.86	104.94
EBT Excluding Unusual Items	11,365	10,515	13,123	13,592	10,409	9,357
Impairment of Goodwill	-	-	-	-	-292.57	-
Gain (Loss) on Sale of Investments	47.85	55.37	149.95	-148.59	80.3	42.8
Gain (Loss) on Sale of Assets	405.2	404.04	-6.05	-0.99	58.18	-25.29
Asset Writedown	-	-	-	-	-	-245.92
Pretax Income	11,818	10,975	13,267	13,443	10,255	9,128
Income Tax Expense	2,207	2,086	2,477	2,700	1,948	1,825
Earnings From Continuing Operations	9,611	8,888	10,789	10,743	8,307	7,303
Minority Interest in Earnings	135.2	116.82	48.2	14.52	-57.14	-55.03
Net Income	9,746	9,005	10,838	10,757	8,250	7,248
Net Income to Common	9,746	9,005	10,838	10,757	8,250	7,248
Net Income Growth	-1.27%	-16.91%	0.75%	30.39%	13.83%	-1.41%
Shares Outstanding (Basic)	863	861	857	854	850	848
Shares Outstanding (Diluted)	869	868	865	863	863	860
Shares Change (YoY)	0.32%	0.28%	0.22%	0.06%	0.40%	0.38%
EPS (Basic)	11.30	10.45	12.65	12.60	9.70	8.54
EPS (Diluted)	11.22	10.38	12.52	12.46	9.56	8.43
EPS Growth	-1.57%	-17.09%	0.48%	30.39%	13.38%	-1.80%
Free Cash Flow	10,386	9,005	8,429	8,452	9,638	7,460
Free Cash Flow Per Share	11.96	10.38	9.74	9.79	11.17	8.68
Dividend Per Share	8.400	8.400	9.500	9.092	7.274	6.455
Dividend Growth	-11.58%	-11.58%	4.49%	25.00%	12.68%	0.12%
Gross Margin	40.87%	40.77%	40.52%	37.99%	37.75%	39.90%
Operating Margin	15.90%	15.14%	18.78%	18.23%	16.72%	17.68%
Profit Margin	15.41%	15.06%	16.79%	15.65%	14.07%	14.18%
Free Cash Flow Margin	16.42%	15.06%	13.05%	12.29%	16.44%	14.59%
EBITDA	10,907	9,895	12,943	13,343	10,652	9,763
EBITDA Margin	17.24%	16.55%	20.05%	19.41%	18.17%	19.10%
D&A For EBITDA	850.68	844.83	814.86	811.19	851.34	726.2
EBIT	10,057	9,050	12,128	12,532	9,800	9,037
EBIT Margin	15.90%	15.14%	18.78%	18.23%	16.72%	17.68%
Effective Tax Rate	18.68%	19.01%	18.67%	20.09%	19.00%	20.00%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.