Income Statement AV TECH Corporation

Stocks

8072

TW0008072000

Communications & Networking

End-of-day quote Taiwan S.E. Other stock markets 2026-08-07			5-day change	1st Jan Change
26.10 ^TWD	-0.38%		+1.56%	-13.72%

05-13	AV TECH Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-25	AV TECH Corporation Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: AV TECH CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.36B	1.23B	1.16B	939M	1.28B
Total Revenues	1.36B	1.23B	1.16B	939M	1.28B
Cost of Goods Sold, Total	1.13B	1.01B	952M	777M	1.07B
Gross Profit	226M	223M	208M	162M	211M
Selling General & Admin Expenses, Total	159M	163M	163M	125M	121M
Provision for Bad Debts	-233K	3.87M	4.36M	-	-
R&D Expenses	35.29M	29.98M	28.26M	27.72M	29.52M
Other Operating Expenses	-	-	-	-	55K
Other Operating Expenses, Total	194M	197M	196M	152M	151M
Operating Income	32.78M	26.86M	11.97M	9.14M	60.72M
Interest Expense, Total	-462K	-	-	-	-
Interest And Investment Income	5.07M	9.7M	21.83M	33.27M	35.85M
Net Interest Expenses	4.61M	9.7M	21.83M	33.27M	35.85M
Income (Loss) On Equity Invest.	1.47M	681K	2.68M	9.84M	3.78M
Currency Exchange Gains (Loss)	-15.05M	51.02M	702K	38.96M	-20.62M
Other Non Operating Income (Expenses)	36.37M	42.94M	48.1M	44.4M	30.36M
EBT, Excl. Unusual Items	60.17M	131M	85.29M	136M	110M
Gain (Loss) On Sale Of Investments	3.13M	-399K	1.52M	348K	-1K
Gain (Loss) On Sale Of Assets	62K	113K	2.53M	-	-
Asset Writedown	-	-	-	-	-
EBT, Incl. Unusual Items	63.36M	131M	89.34M	136M	110M
Income Tax Expense	20.05M	24.92M	20.47M	25.44M	8.4M
Earnings From Continuing Operations	43.31M	106M	68.87M	111M	102M
Net Income to Company	43.31M	106M	68.87M	111M	102M
Minority Interest	-12.34M	-11.43M	-10.27M	-10.35M	-12.7M
Net Income - (IS)	30.97M	94.57M	58.6M	100M	88.99M
Net Income to Common Incl Extra Items	30.97M	94.57M	58.6M	100M	88.99M
Net Income to Common Excl. Extra Items	30.97M	94.57M	58.6M	100M	88.99M
Per Share Items
Net EPS - Basic	0.39	1.18	0.73	1.25	1.11
Basic EPS - Continuing Operations	0.39	1.18	0.73	1.25	1.11
Basic Weighted Average Shares Outstanding	80M	80M	80M	80M	80M
Net EPS - Diluted	0.39	1.18	0.73	1.25	1.11
Diluted EPS - Continuing Operations	0.39	1.18	0.73	1.25	1.11
Diluted Weighted Average Shares Outstanding	80.09M	80.28M	80.22M	80.32M	80.22M
Normalized Basic EPS	0.32	0.88	0.54	0.93	0.7
Normalized Diluted EPS	0.32	0.88	0.54	0.93	0.7
Dividend Per Share	0.35	1	0.75	1	1
Payout Ratio	51.66	29.61	136.51	59.89	89.89
Supplemental Items
EBITDA	40.06M	34.33M	19.47M	16.62M	67.51M
EBITA	32.78M	26.86M	11.97M	9.14M	60.72M
EBIT	32.78M	26.86M	11.97M	9.14M	60.72M
EBITDAR	40.24M	35.91M	24.55M	16.89M	67.74M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	31.64	19.03	22.91	18.71	7.63
Total Current Taxes	14.53M	20.07M	19.2M	14.97M	14.11M
Total Deferred Taxes	5.52M	4.84M	1.27M	10.46M	-5.71M
Normalized Net Income	25.27M	70.57M	43.04M	74.41M	56.11M
Non-Cash Pension Expense	-46K	-90K	-226K	-247K	-363K
Supplemental Operating Expense Items
Selling and Marketing Expenses	71.97M	72.32M	62.35M	50.04M	61M
General and Administrative Expenses	86.59M	90.37M	101M	74.68M	60.18M
Research And Development Expense From Footnotes	35.29M	29.98M	28.26M	27.72M	29.52M
Net Rental Expense, Total	183K	1.58M	5.08M	273K	230K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	664M	703M	372M	626M	273M
Short Term Investments	463M	505M	797M	621M	822M
Trading Asset Securities, Total	4.99M	3.36M	3.72M	1.66M	1.65M
Total Cash And Short Term Investments	1.13B	1.21B	1.17B	1.25B	1.1B
Accounts Receivable, Total	270M	261M	217M	252M	398M
Other Receivables	13.19M	1M	1.92M	4.34M	4.79M
Total Receivables	283M	262M	219M	256M	403M
Inventory	315M	203M	95.78M	107M	128M
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	18.36M	33.43M	18M	16.07M	20.81M
Total Current Assets	1.75B	1.71B	1.51B	1.63B	1.65B
Gross Property Plant And Equipment	888M	888M	890M	891M	807M
Accumulated Depreciation	-169M	-175M	-181M	-189M	-111M
Net Property Plant And Equipment	720M	713M	709M	702M	696M
Long-term Investments	10.16M	10.85M	174M	193M	215M
Deferred Tax Assets Long-Term	29.22M	27.53M	27.27M	26.06M	23.95M
Other Long-Term Assets, Total	82.74M	72.64M	73.05M	75.12M	60.56M
Total Assets	2.59B	2.53B	2.49B	2.62B	2.64B
Liabilities
Accounts Payable, Total	187M	62.76M	74.33M	134M	141M
Accrued Expenses, Total	64.14M	50.51M	44.81M	54.76M	48.83M
Short-term Borrowings	-	-	-	-	-
Current Income Taxes Payable	8.86M	15.02M	7.72M	4.97M	8.6M
Unearned Revenue Current, Total	14.17M	8.62M	16.43M	18.13M	21.5M
Other Current Liabilities	5.55M	342K	671K	498K	678K
Total Current Liabilities	280M	137M	144M	212M	221M
Pension & Other Post Retirement Benefits	21.63M	-	21.63M	21.63M	21.26M
Deferred Tax Liability Non Current	2.55M	6.21M	6.75M	16.43M	8.9M
Other Non Current Liabilities	3.56M	25.34M	3.73M	3.32M	3.94M
Total Liabilities	308M	169M	176M	254M	255M
Common Stock, Total	800M	800M	800M	800M	800M
Additional Paid In Capital	17.44M	17.72M	17.72M	17.56M	17.56M
Retained Earnings	1.38B	1.45B	1.43B	1.47B	1.48B
Comprehensive Income and Other	-8.81M	-9.02M	-4.16M	-111K	3.44M
Total Common Equity	2.19B	2.26B	2.24B	2.29B	2.3B
Minority Interest	90.74M	105M	69.05M	85.39M	89.56M
Total Equity	2.28B	2.37B	2.31B	2.37B	2.39B
Total Liabilities And Equity	2.59B	2.53B	2.49B	2.62B	2.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	80M	80M	80M	80M	80M
ECS Total Common Shares Outstanding	80M	80M	80M	80M	80M
Book Value / Share	27.4	28.26	28.04	28.56	28.73
Tangible Book Value	2.19B	2.26B	2.24B	2.29B	2.3B
Tangible Book Value Per Share	27.4	28.26	28.04	28.56	28.73
Total Debt	0	0	0	0	0
Net Debt	-1.13B	-1.21B	-1.17B	-1.25B	-1.1B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-12.88M	-16.18M	-18.99M	-21.34M	-23.15M
Debt Equivalent Oper. Leases	1.46M	12.64M	40.62M	2.18M	1.84M
Minority Interest, Total (Incl. Fin. Div)	90.74M	105M	69.05M	85.39M	89.56M
Equity Method Investments, Total	6.37M	8.89M	64.07M	72.45M	74.29M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	38.17M	24.31M	17.46M	21.23M	17M
Inventories - Work In Process, Total	2.89M	236K	552K	443K	478K
Inventories - Finished Goods, Total	274M	178M	77.77M	85.25M	110M
Land - (BS)	495M	495M	495M	495M	495M
Buildings, Total	305M	305M	308M	309M	309M
Machinery, Total	86.76M	86.37M	84.88M	84.88M	713K
Accumulated Allowance for Doubtful Accounts (Supple)	8.94M	12.81M	10.58M	10.58M	55K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	30.97M	94.57M	58.6M	100M	88.99M
Depreciation & Amortization - CF	7.33M	7.5M	7.55M	7.52M	6.84M
Depreciation & Amortization, Total	7.33M	7.5M	7.55M	7.52M	6.84M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-62K	-113K	-1.75M	-	-9K
(Gain) Loss on Sale of Investments - (CF)	-3.13M	399K	-2.3M	-348K	10K
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-1.47M	-681K	-2.68M	-9.84M	-3.78M
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-233K	3.87M	4.36M	-	55K
Other Operating Activities, Total	20.58M	-14.54M	-11.88M	-28.43M	-41.58M
Change In Accounts Receivable	14.18M	9.36M	-97.07M	-25.5M	-131M
Change In Inventories	-137M	108M	72.4M	-13.18M	-18.86M
Change In Accounts Payable	45.02M	-124M	74.56M	59.8M	7.23M
Change in Unearned Revenues	4.27M	-10.34M	7.81M	2.37M	3.39M
Change in Other Net Operating Assets	21.65M	-17.19M	108M	4.87M	-19.11M
Cash from Operations	1.66M	56.16M	218M	97.45M	-108M
Capital Expenditure	-3.78M	-855K	-982K	-1.1M	-
Sale of Property, Plant, and Equipment	62K	57K	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-2.85M	-74.78M	12.26M	1.46M
Investment in Marketable and Equity Securities, Total	56.46M	-21.43M	-381M	177M	-209M
Other Investing Activities, Total	17.74M	10.04M	13.31M	35.4M	39.24M
Cash from Investing	70.48M	-15.05M	-443M	224M	-168M
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-17.46M	-	-	-	-
Total Debt Repaid	-17.46M	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-16M	-28M	-80M	-60M	-80M
Common & Preferred Stock Dividends Paid	-16M	-28M	-80M	-60M	-80M
Other Financing Activities, Total	13.61M	3.89M	-11.4M	-7.87M	-11.2M
Cash from Financing	-19.85M	-24.11M	-91.4M	-67.87M	-91.2M
Foreign Exchange Rate Adjustments	-4.8M	21.82M	-14.63M	1.28M	14.04M
Net Change in Cash	47.5M	38.83M	-331M	254M	-353M
Supplemental Items
Cash Interest Paid	462K	-	-	-	-
Cash Income Tax Paid (Refund)	8.94M	14.08M	26.85M	19.18M	10.54M
Levered Free Cash Flow	-24.6M	-691K	186M	34.28M	-119M
Unlevered Free Cash Flow	-24.31M	-691K	186M	34.28M	-119M
Change In Net Working Capital	48.34M	24.13M	-172M	-22.14M	164M
Net Debt Issued / Repaid	-17.46M	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.8	0.65	0.3	0.22	1.44
Return on Total Capital	0.9	0.72	0.32	0.24	1.59
Return On Equity %	1.91	4.56	2.94	4.72	4.27
Return on Common Equity	1.42	4.25	2.6	4.42	3.88
Margin Analysis
Gross Profit Margin %	16.7	18.14	17.9	17.21	16.47
SG&A Margin	11.7	13.21	14.05	13.28	9.44
EBITDA Margin %	2.95	2.79	1.68	1.77	5.26
EBITA Margin %	2.42	2.18	1.03	0.97	4.73
EBIT Margin %	2.42	2.18	1.03	0.97	4.73
Income From Continuing Operations Margin %	3.19	8.61	5.94	11.77	7.92
Net Income Margin %	2.28	7.68	5.05	10.67	6.93
Net Avail. For Common Margin %	2.28	7.68	5.05	10.67	6.93
Normalized Net Income Margin	1.86	5.73	3.71	7.93	4.37
Levered Free Cash Flow Margin	-1.81	-0.06	16.02	3.65	-9.27
Unlevered Free Cash Flow Margin	-1.79	-0.06	16.02	3.65	-9.27
Asset Turnover
Asset Turnover	0.53	0.48	0.46	0.37	0.49
Fixed Assets Turnover	1.88	1.72	1.63	1.33	1.84
Receivables Turnover (Average Receivables)	4.9	4.61	4.85	4	3.95
Inventory Turnover (Average Inventory)	4.59	3.89	6.38	7.67	9.14
Short Term Liquidity
Current Ratio	6.25	12.46	10.46	7.66	7.46
Quick Ratio	5.06	10.74	9.67	7.08	6.79
Operating Cash Flow to Current Liabilities	0.01	0.41	1.51	0.46	-0.49
Days Sales Outstanding (Average Receivables)	74.42	79.22	75.28	91.48	92.4
Days Outstanding Inventory (Average Inventory)	79.53	93.73	57.18	47.72	39.95
Average Days Payable Outstanding	47.45	50.95	29.6	48.39	45.97
Cash Conversion Cycle (Average Days)	106.5	122	102.87	90.82	86.38
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	11.88	6.66	7.08	9.67	9.65
EBIT / Interest Expense	70.94	-	-	-	-
EBITDA / Interest Expense	86.81	-	-	-	-
(EBITDA - Capex) / Interest Expense	78.63	-	-	-	-
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-28.22	-35.26	-60.04	-74.93	-16.23
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	-31.16	-36.16	-63.22	-80.23	-16.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	10.93	-9.19	-5.82	-19.03	36.78
Gross Profit, 1 Yr. Growth %	33.69	-1.32	-7.1	-22.14	30.88
EBITDA, 1 Yr. Growth %	292.63	-14.31	-43.27	-14.66	306.23
EBITA, 1 Yr. Growth %	1.04K	-18.05	-55.44	-23.59	563.96
EBIT, 1 Yr. Growth %	1.04K	-18.05	-55.44	-23.59	563.96
Earnings From Cont. Operations, 1 Yr. Growth %	-1.38K	144.76	-35.03	60.49	-8
Net Income, 1 Yr. Growth %	-354.89	205.32	-38.03	70.94	-11.16
Normalized Net Income, 1 Yr. Growth %	-389.27	179.28	-39.02	72.9	-24.59
Diluted EPS Before Extra, 1 Yr. Growth %	-354.89	204.77	-38.14	71.23	-11.2
Accounts Receivable, 1 Yr. Growth %	-4.66	-4.54	-16.75	16	57.96
Inventory, 1 Yr. Growth %	77.97	-35.73	-52.71	11.63	19.61
Net Property, Plant and Equip., 1 Yr. Growth %	-0.8	-0.89	-0.67	-0.87	-0.93
Total Assets, 1 Yr. Growth %	3.61	-2.31	-1.81	5.47	0.72
Tangible Book Value, 1 Yr. Growth %	0.47	3.13	-0.77	1.87	0.59
Common Equity, 1 Yr. Growth %	0.47	3.13	-0.77	1.87	0.59
Cash From Operations, 1 Yr. Growth %	-105.12	3.28K	287.6	-55.24	-210.86
Capital Expenditures, 1 Yr. Growth %	2.52K	-77.38	14.85	12.02	-
Levered Free Cash Flow, 1 Yr. Growth %	-31.48	-97.19	-26.98K	-81.55	-447.14
Unlevered Free Cash Flow, 1 Yr. Growth %	-32.29	-97.16	-26.98K	-81.55	-447.14
Dividend Per Share, 1 Yr. Growth %	75	185.71	-25	33.33	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	29.85	0.37	-7.52	-12.68	5.24
Gross Profit, 2 Yr. CAGR %	68.96	14.86	-4.26	-14.95	0.95
EBITDA, 2 Yr. CAGR %	-33.17	83.42	-30.28	-30.42	86.19
EBITA, 2 Yr. CAGR %	-41.75	205.23	-39.57	-41.65	125.23
EBIT, 2 Yr. CAGR %	-41.75	205.23	-39.57	-41.65	125.23
Earnings From Cont. Operations, 2 Yr. CAGR %	-29.8	458.78	26.1	2.11	21.51
Net Income, 2 Yr. CAGR %	-42.11	178.97	37.55	2.92	23.23
Normalized Net Income, 2 Yr. CAGR %	-35.43	184.23	30.51	2.68	14.19
Diluted EPS Before Extra, 2 Yr. CAGR %	-42.23	178.72	37.31	2.92	23.31
Accounts Receivable, 2 Yr. CAGR %	16.27	-3.97	-10.86	-1.73	35.36
Inventory, 2 Yr. CAGR %	48.76	6.95	-44.87	-27.34	15.55
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.87	-0.84	-0.78	-0.77	-0.9
Total Assets, 2 Yr. CAGR %	3.07	0.68	-2.06	1.77	3.07
Tangible Book Value, 2 Yr. CAGR %	-0.45	1.79	1.16	0.54	1.23
Common Equity, 2 Yr. CAGR %	-0.45	1.79	1.16	0.54	1.23
Cash From Operations, 2 Yr. CAGR %	-81.97	31.45	1.04K	31.72	-29.55
Capital Expenditures, 2 Yr. CAGR %	-8.57	143.67	-49.03	13.43	-
Levered Free Cash Flow, 2 Yr. CAGR %	-22.38	-86.12	174.81	604.25	-19.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.84	-86.12	176.43	604.25	-19.96
Dividend Per Share, 2 Yr. CAGR %	32.29	123.61	46.38	0	15.47
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.08	15.26	-1.74	-11.53	1.41
Gross Profit, 3 Yr. CAGR %	17.36	41.23	7.01	-10.63	-1.81
EBITDA, 3 Yr. CAGR %	3.07	-27.4	24.04	-25.42	25.29
EBITA, 3 Yr. CAGR %	-9.27	-34.73	60.72	-34.65	31.24
EBIT, 3 Yr. CAGR %	-9.27	-34.73	60.72	-34.65	31.24
Earnings From Cont. Operations, 3 Yr. CAGR %	49.96	6.44	172.73	36.66	-1.38
Net Income, 3 Yr. CAGR %	16.41	0.77	68.95	47.89	-2.01
Normalized Net Income, 3 Yr. CAGR %	40.08	5.21	70.16	43.33	-7.36
Diluted EPS Before Extra, 3 Yr. CAGR %	15.7	0.57	68.75	47.8	-2.02
Accounts Receivable, 3 Yr. CAGR %	14.36	9.35	-8.43	-2.68	15.11
Inventory, 3 Yr. CAGR %	19.77	12.46	-18.52	-30.25	-14.21
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.68	-0.88	-0.78	-0.81	-0.82
Total Assets, 3 Yr. CAGR %	0.66	1.29	-0.16	0.39	1.42
Tangible Book Value, 3 Yr. CAGR %	-2.22	0.73	0.93	1.4	0.56
Common Equity, 3 Yr. CAGR %	-2.22	0.73	0.93	1.4	0.56
Cash From Operations, 3 Yr. CAGR %	-63.72	3.14	88.5	288.34	24.37
Capital Expenditures, 3 Yr. CAGR %	91.65	-42.6	89.63	-33.73	-
Levered Free Cash Flow, 3 Yr. CAGR %	3.12	-74.32	72.96	11.7	456.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.71	-74.32	72.96	12.14	456.31
Dividend Per Share, 3 Yr. CAGR %	-11.21	71	55.36	41.9	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.42	3.48	5.99	3.15	0.99
Gross Profit, 5 Yr. CAGR %	-2.5	2.61	8.18	15.3	4.54
EBITDA, 5 Yr. CAGR %	-0.33	16.71	-11.85	-28.62	45.92
EBITA, 5 Yr. CAGR %	0.51	31.82	-22.88	-37.59	83.95
EBIT, 5 Yr. CAGR %	0.51	31.82	-22.88	-37.59	83.95
Earnings From Cont. Operations, 5 Yr. CAGR %	2.1	46.13	39.92	4.69	97.37
Net Income, 5 Yr. CAGR %	-0.03	33.32	24.45	1.62	48.92
Normalized Net Income, 5 Yr. CAGR %	1.72	41.49	36.17	4.19	45.06
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.02	36.39	23.9	1.51	48.85
Accounts Receivable, 5 Yr. CAGR %	-2.26	8.59	3.79	4.77	7.06
Inventory, 5 Yr. CAGR %	5.29	0.29	-12.19	-5.57	-6.3
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.47	-0.76	-0.72	-0.83	-0.83
Total Assets, 5 Yr. CAGR %	-2.66	-0.58	-0.41	1.48	1.12
Tangible Book Value, 5 Yr. CAGR %	-3.88	-1.22	-0.88	0.66	1.05
Common Equity, 5 Yr. CAGR %	-3.88	-1.22	-0.88	0.66	1.05
Cash From Operations, 5 Yr. CAGR %	-9.15	-7.12	44.25	13.74	27.15
Capital Expenditures, 5 Yr. CAGR %	22.1	-7.39	12.83	-24.63	-
Levered Free Cash Flow, 5 Yr. CAGR %	12.83	-62.15	52.62	-3.44	27.08
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.57	-62.15	52.62	-3.44	27.08
Dividend Per Share, 5 Yr. CAGR %	-10.95	14.87	8.45	37.97	37.97