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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	148,497	161,799	100,220	258,953	228,005	81,880
Revenue Growth (YoY)	2.12%	61.44%	-61.30%	13.57%	178.46%	12.24%
Cost of Revenue	102,929	105,332	101,726	132,523	93,353	64,299
Gross Profit	45,568	56,467	-1,506	126,430	134,653	17,581
Selling, General & Admin	6,375	6,930	6,182	8,240	6,661	4,506
Amortization of Goodwill & Intangibles	35.54	12.04	11.73	17.3	28.64	47.33
Operating Expenses	6,805	7,339	6,593	8,612	6,979	4,800
Operating Income	38,764	49,128	-8,099	117,818	127,673	12,782
Interest Expense	-1,982	-2,058	-1,858	-1,492	-729.91	-527.4
Interest & Investment Income	7,045	6,976	6,362	2,752	401.54	392.3
Earnings From Equity Investments	560.9	590.22	372.34	320.78	196.6	203.45
Currency Exchange Gain (Loss)	-3,000	4,867	239.71	4,909	47.14	272.36
Other Non Operating Income (Expenses)	95.98	300.28	276.84	253.59	90.72	135.14
EBT Excluding Unusual Items	41,483	59,804	-2,706	124,561	127,679	13,258
Gain (Loss) on Sale of Investments	2,490	1,180	1,018	-687.67	1,275	783.64
Gain (Loss) on Sale of Assets	1,244	1,467	1,796	105.73	240.44	208.85
Asset Writedown	-77.87	-344.26	-2,602	-	-	-
Pretax Income	45,139	62,106	-2,495	123,979	129,195	14,250
Income Tax Expense	10,883	14,684	3,289	30,850	25,778	2,893
Earnings From Continuing Operations	34,257	47,422	-5,783	93,129	103,417	11,357
Minority Interest in Earnings	-22.97	-13.88	-13.22	-56.78	-74.32	-40.51
Net Income	34,234	47,409	-5,796	93,072	103,343	11,317
Net Income to Common	34,234	47,409	-5,796	93,072	103,343	11,317
Net Income Growth	11.34%	-	-	-9.94%	813.17%	216.67%
Shares Outstanding (Basic)	2,806	2,806	2,806	2,806	2,806	2,806
Shares Outstanding (Diluted)	2,811	2,811	2,806	2,816	2,811	2,810
Shares Change (YoY)	0.11%	0.16%	-0.36%	0.20%	0.02%	0.02%
EPS (Basic)	12.20	16.89	-2.07	33.17	36.83	4.03
EPS (Diluted)	12.17	16.87	-2.07	33.05	36.77	4.03
EPS Growth	11.23%	-	-	-10.12%	813.29%	216.34%
Free Cash Flow	11,689	33,557	-48,384	85,977	98,268	331.99
Free Cash Flow Per Share	4.16	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	30.69%	34.90%	-1.50%	48.82%	59.06%	21.47%
Operating Margin	26.10%	30.36%	-8.08%	45.50%	56.00%	15.61%
Profit Margin	23.05%	29.30%	-5.78%	35.94%	45.32%	13.82%
Free Cash Flow Margin	7.87%	20.74%	-48.28%	33.20%	43.10%	0.40%
EBITDA	50,521	60,472	2,350	126,442	133,887	17,429
EBITDA Margin	34.02%	37.38%	2.34%	48.83%	58.72%	21.29%
D&A For EBITDA	11,757	11,344	10,449	8,624	6,214	4,647
EBIT	38,764	49,128	-8,099	117,818	127,673	12,782
EBIT Margin	26.10%	30.36%	-8.08%	45.50%	56.00%	15.61%
Effective Tax Rate	24.11%	23.64%	-	24.88%	19.95%	20.30%

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