Wan Hai Lines Ltd. (TPE:2615)

Wan Hai Lines 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	167,962	161,799	100,220	258,953	228,005	81,880
Revenue Growth (YoY)	44.83%	61.44%	-61.30%	13.57%	178.46%	12.24%
Cost of Revenue	106,521	105,332	101,726	132,523	93,353	64,299
Gross Profit	61,441	56,467	-1,506	126,430	134,653	17,581
Selling, General & Admin	7,131	6,930	6,182	8,240	6,661	4,506
Operating Expenses	7,506	7,339	6,593	8,612	6,979	4,800
Operating Income	53,935	49,128	-8,099	117,818	127,673	12,782
Interest Expense	-2,056	-2,058	-1,858	-1,492	-729.91	-527.4
Interest & Investment Income	7,191	6,976	6,362	2,752	401.54	392.3
Earnings From Equity Investments	599.32	590.22	372.34	320.78	196.6	203.45
Currency Exchange Gain (Loss)	4,867	4,867	239.71	4,909	47.14	272.36
Other Non Operating Income (Expenses)	-13,208	300.28	276.84	253.59	90.72	135.14
EBT Excluding Unusual Items	51,328	59,804	-2,706	124,561	127,679	13,258
Gain (Loss) on Sale of Investments	1,180	1,180	1,018	-687.67	1,275	783.64
Gain (Loss) on Sale of Assets	1,467	1,467	1,796	105.73	240.44	208.85
Asset Writedown	-344.26	-344.26	-2,602	-	-	-
Pretax Income	53,631	62,106	-2,495	123,979	129,195	14,250
Income Tax Expense	12,584	14,684	3,289	30,850	25,778	2,893
Earnings From Continuing Operations	41,047	47,422	-5,783	93,129	103,417	11,357
Minority Interest in Earnings	-21.84	-13.88	-13.22	-56.78	-74.32	-40.51
Net Income	41,025	47,409	-5,796	93,072	103,343	11,317
Net Income to Common	41,025	47,409	-5,796	93,072	103,343	11,317
Net Income Growth	176.19%	-	-	-9.94%	813.17%	216.67%
Shares Outstanding (Basic)	2,804	2,806	2,806	2,806	2,806	2,806
Shares Outstanding (Diluted)	2,813	2,811	2,806	2,816	2,811	2,810
Shares Change (YoY)	0.24%	0.16%	-0.36%	0.20%	0.02%	0.02%
EPS (Basic)	14.63	16.89	-2.07	33.17	36.83	4.03
EPS (Diluted)	14.59	16.87	-2.07	33.05	36.77	4.03
EPS Growth	175.76%	-	-	-10.12%	813.29%	216.34%
Free Cash Flow	29,715	33,557	-48,384	85,977	98,268	331.99
Free Cash Flow Per Share	10.56	11.94	-17.24	30.53	34.96	0.12
Dividend Per Share	3.500	3.500	1.500	5.000	9.130	0.790
Dividend Growth	133.33%	133.33%	-70.00%	-45.24%	1055.02%	25.00%
Gross Margin	36.58%	34.90%	-1.50%	48.82%	59.06%	21.47%
Operating Margin	32.11%	30.36%	-8.08%	45.50%	56.00%	15.61%
Profit Margin	24.43%	29.30%	-5.78%	35.94%	45.32%	13.82%
Free Cash Flow Margin	17.69%	20.74%	-48.28%	33.20%	43.10%	0.40%
EBITDA	64,853	60,472	2,350	126,442	133,887	17,429
EBITDA Margin	38.61%	37.38%	2.34%	48.83%	58.72%	21.29%
D&A For EBITDA	10,918	11,344	10,449	8,624	6,214	4,647
EBIT	53,935	49,128	-8,099	117,818	127,673	12,782
EBIT Margin	32.11%	30.36%	-8.08%	45.50%	56.00%	15.61%
Effective Tax Rate	23.46%	23.64%	-	24.88%	19.95%	20.30%

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.