Waste Recovery Technology Income Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,213	980.18	775.78	807.28	716.54	581.37
Revenue Growth (YoY)	38.39%	26.35%	-3.90%	12.66%	23.25%	-
Cost of Revenue	798.77	609.49	471.13	480.28	414.15	337.57
Gross Profit	414.72	370.69	304.66	327	302.39	243.8
Selling, General & Admin	101.1	95.74	76.83	78.19	64.43	63.75
Research & Development	16.7	16.02	14.56	13.8	12.17	6.33
Operating Expenses	117.8	111.76	88.1	88.8	76.6	76.56
Operating Income	296.92	258.93	216.56	238.2	225.79	167.24
Interest Expense	-0.11	-0.11	-0.05	-0.06	-0.08	-0.03
Interest & Investment Income	15.94	17.88	8.86	3.79	1.27	2.46
Earnings From Equity Investments	-8.29	-6.11	-0.53	-	-	-1.79
Currency Exchange Gain (Loss)	7.72	7.72	-2.74	4.56	-1.14	-2.86
Other Non Operating Income (Expenses)	-12.23	1.37	1.05	0.59	1.71	3.14
EBT Excluding Unusual Items	299.95	279.68	223.16	247.07	227.55	168.16
Gain (Loss) on Sale of Assets	0.74	0.74	-0.34	-0.35	-0.26	-
Pretax Income	300.69	280.42	222.82	246.72	227.29	168.16
Income Tax Expense	82.71	72.27	56.98	58.15	55.91	40.18
Earnings From Continuing Operations	217.98	208.15	165.84	188.56	171.38	127.98
Minority Interest in Earnings	-6.51	-5.75	-2.99	-2.09	-7.43	-3.79
Net Income	211.47	202.4	162.86	186.48	163.95	124.2
Net Income to Common	211.47	202.4	162.86	186.48	163.95	124.2
Net Income Growth	5.67%	24.28%	-12.67%	13.74%	32.00%	-
Shares Outstanding (Basic)	24	24	21	20	19	19
Shares Outstanding (Diluted)	24	24	21	20	20	19
Shares Change (YoY)	6.26%	14.75%	3.43%	3.29%	0.56%	-
EPS (Basic)	8.88	8.50	7.86	9.32	8.55	6.48
EPS (Diluted)	8.82	8.45	7.81	9.24	8.40	6.40
EPS Growth	-0.64%	8.20%	-15.48%	10.00%	31.25%	-
Free Cash Flow	119.94	148.03	59.09	258.38	111.88	51.62
Free Cash Flow Per Share	5.00	6.18	2.83	12.81	5.73	2.66
Dividend Per Share	-	6.800	6.500	7.000	6.309	2.000
Dividend Growth	-	4.61%	-7.14%	10.95%	215.46%	-
Gross Margin	34.18%	37.82%	39.27%	40.51%	42.20%	41.94%
Operating Margin	24.47%	26.42%	27.91%	29.51%	31.51%	28.77%
Profit Margin	17.43%	20.65%	20.99%	23.10%	22.88%	21.36%
Free Cash Flow Margin	9.88%	15.10%	7.62%	32.01%	15.61%	8.88%
EBITDA	376.01	334.49	285.83	303.84	280.94	202.85
EBITDA Margin	30.99%	34.13%	36.84%	37.64%	39.21%	34.89%
D&A For EBITDA	79.1	75.56	69.27	65.64	55.15	35.61
EBIT	296.92	258.93	216.56	238.2	225.79	167.24
EBIT Margin	24.47%	26.42%	27.91%	29.51%	31.51%	28.77%
Effective Tax Rate	27.51%	25.77%	25.57%	23.57%	24.60%	23.89%

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