ACES Electronics Co., Ltd. (TPE:3605)

ACES Electronics 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	9,979	9,373	8,188	10,048	10,251	7,849
Other Revenue	425.78	398.36	298.06	344.92	325.06	213.55
Revenue	10,405	9,771	8,486	10,393	10,576	8,063
Revenue Growth (YoY)	24.03%	15.14%	-18.34%	-1.73%	31.17%	10.27%
Cost of Revenue	7,844	7,449	6,734	8,160	8,147	6,227
Gross Profit	2,561	2,322	1,752	2,233	2,429	1,836
Selling, General & Admin	1,502	1,454	1,462	1,602	1,441	1,125
Research & Development	609.03	592.52	621.27	573.94	481.41	364.66
Operating Expenses	2,106	2,043	2,083	2,176	1,915	1,487
Operating Income	454.88	278.48	-330.73	56.75	514	348.54
Interest Expense	-95.5	-103.54	-108.73	-85.07	-45.81	-34.83
Interest & Investment Income	35.13	41.9	49.73	27.21	23.77	14.82
Earnings From Equity Investments	-44.97	-7.63	-10.65	10.1	31.26	72.8
Currency Exchange Gain (Loss)	87.18	108.49	31.63	227.55	-43.54	-144.18
Other Non Operating Income (Expenses)	4.32	41.69	98.5	132.12	69.35	62.56
EBT Excluding Unusual Items	441.04	359.39	-270.25	368.66	549.03	319.7
Gain (Loss) on Sale of Investments	213.76	21.11	3.5	-32.74	39.47	-4.5
Gain (Loss) on Sale of Assets	-3	-0.79	-9.01	-15.9	-1.46	6.81
Asset Writedown	7.51	7.51	6.07	-4.96	1.88	1.42
Pretax Income	659.31	387.21	-269.69	315.06	588.91	323.42
Income Tax Expense	116.09	42.86	-1.5	91.73	80.74	63.48
Earnings From Continuing Operations	543.22	344.36	-268.19	223.33	508.17	259.95
Minority Interest in Earnings	-0.34	-0.3	1.65	1.99	2.68	16.43
Net Income	542.89	344.06	-266.54	225.32	510.86	276.37
Net Income to Common	542.89	344.06	-266.54	225.32	510.86	276.37
Net Income Growth	-	-	-	-55.89%	84.84%	-11.28%
Shares Outstanding (Basic)	140	137	134	134	123	122
Shares Outstanding (Diluted)	164	156	134	148	136	123
Shares Change (YoY)	21.92%	15.69%	-9.12%	8.96%	9.98%	0.01%
EPS (Basic)	3.87	2.51	-1.98	1.68	4.16	2.26
EPS (Diluted)	3.46	2.34	-1.98	1.64	3.78	2.24
EPS Growth	-	-	-	-56.59%	68.59%	-11.11%
Free Cash Flow	176.69	-233.8	-223.94	66.75	-250.7	222.03
Free Cash Flow Per Share	1.08	-1.50	-1.67	0.45	-1.85	1.80
Dividend Per Share	-	-	-	0.550	1.500	0.700
Dividend Growth	-	-	-	-63.33%	114.29%	-6.67%
Gross Margin	24.61%	23.76%	20.64%	21.49%	22.97%	22.77%
Operating Margin	4.37%	2.85%	-3.90%	0.55%	4.86%	4.32%
Profit Margin	5.22%	3.52%	-3.14%	2.17%	4.83%	3.43%
Free Cash Flow Margin	1.70%	-2.39%	-2.64%	0.64%	-2.37%	2.75%
EBITDA	1,084	913.84	272.43	648.51	1,006	729.95
EBITDA Margin	10.42%	9.35%	3.21%	6.24%	9.51%	9.05%
D&A For EBITDA	629.29	635.36	603.16	591.77	492.01	381.41
EBIT	454.88	278.48	-330.73	56.75	514	348.54
EBIT Margin	4.37%	2.85%	-3.90%	0.55%	4.86%	4.32%
Effective Tax Rate	17.61%	11.07%	-	29.12%	13.71%	19.63%
Revenue as Reported	10,405	9,771	8,486	10,393	10,576	8,063

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