Wave Power 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	Mar '25 Mar 31, 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	446.97	413.77	411.45	437.19	362.19	280.38
Revenue Growth (YoY)	18.92%	0.56%	-5.89%	20.71%	29.18%	-
Cost of Revenue	251.93	227.01	210.14	207.16	174.4	147.84
Gross Profit	195.04	186.76	201.3	230.03	187.79	132.54
Selling, General & Admin	54.37	49.19	56.17	46.57	39.44	34.29
Research & Development	45.63	42.97	45.03	41.65	36.55	17.67
Operating Expenses	100.79	92.17	101.16	88.24	76	51.98
Operating Income	94.25	94.59	100.14	141.79	111.79	80.56
Interest Expense	-0.8	-0.59	-0.41	-0.16	-0.07	-0.88
Interest & Investment Income	6.27	6.38	2.47	0.47	0.18	0.09
Earnings From Equity Investments	4.25	3.26	-	-	-	-
Currency Exchange Gain (Loss)	3.04	1.85	0.02	0.53	0.46	0.27
Other Non Operating Income (Expenses)	0.14	0.22	2.95	0.02	-	-0.05
EBT Excluding Unusual Items	107.15	105.71	105.17	142.64	112.35	79.99
Other Unusual Items	-	-	0.04	-	0	-
Pretax Income	107.15	105.71	105.21	142.64	112.36	79.99
Income Tax Expense	19.41	18.9	18.44	28.88	21.98	16.45
Net Income	87.74	86.81	86.77	113.76	90.38	63.55
Net Income to Common	87.74	86.81	86.77	113.76	90.38	63.55
Net Income Growth	16.04%	0.04%	-23.73%	25.87%	42.22%	-
Shares Outstanding (Basic)	34	34	32	31	31	22
Shares Outstanding (Diluted)	34	34	32	31	32	22
Shares Change (YoY)	3.53%	6.03%	3.21%	-1.17%	43.05%	-
EPS (Basic)	2.57	2.55	2.70	3.67	2.92	2.94
EPS (Diluted)	2.57	2.54	2.69	3.64	2.86	2.88
EPS Growth	12.16%	-5.58%	-26.10%	27.27%	-0.69%	-
Free Cash Flow	-49.87	1.66	140.47	2.65	44.68	59.66
Free Cash Flow Per Share	-1.46	0.05	4.36	0.09	1.41	2.70
Dividend Per Share	2.300	2.300	2.200	3.450	2.500	1.800
Dividend Growth	4.54%	4.54%	-36.23%	38.00%	38.89%	-
Gross Margin	43.64%	45.14%	48.93%	52.62%	51.85%	47.27%
Operating Margin	21.09%	22.86%	24.34%	32.43%	30.86%	28.73%
Profit Margin	19.63%	20.98%	21.09%	26.02%	24.95%	22.66%
Free Cash Flow Margin	-11.16%	0.40%	34.14%	0.61%	12.34%	21.28%
EBITDA	113.74	113.64	118.1	158.09	128.92	94.23
EBITDA Margin	25.45%	27.46%	28.70%	36.16%	35.59%	33.61%
D&A For EBITDA	19.49	19.04	17.96	16.3	17.13	13.67
EBIT	94.25	94.59	100.14	141.79	111.79	80.56
EBIT Margin	21.09%	22.86%	24.34%	32.43%	30.86%	28.73%
Effective Tax Rate	18.11%	17.88%	17.53%	20.24%	19.56%	20.56%
Advertising Expenses	-	-	-	-	6.17	5.22

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