Twoway Communications Inc

TWSE:8045

Taiwan / Information Technology / Communications Equipment

Overview

News

5Y Historical Financials

Stock Price

79.90 TWD


Key Metrics	Latest
Total Revenue	1.386 B
Adjusted EBITDA	113 M
EBITDA Margin	8.2%
Net Profit Margin	3.2%
Total Assets	2.827 B
Total Debt	270 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Jun-24	Jun-25

Revenue	1,059.37	1,174.40	1,019.67	2,325.35	1,736.20	1,385.97	996.17	645.93
% Growth		0.11	(0.13)	1.28	(0.25)			(0.35)

Adjusted EBITDA	112.78	160.04	70.48	618.30	236.59	113.04	166.81	43.26
% Margin	0.11	0.14	0.07	0.27	0.14	0.08	0.17	0.07

Adjusted EBIT	66.00	113.97	29.70	566.83	185.09	64.43	141.45	20.79
% Margin	0.06	0.10	0.03	0.24	0.11	0.05	0.14	0.03

Adjusted Net Income	16.84	46.77	61.75	407.86	202.89	44.38	161.38	2.88
% Margin	0.02	0.04	0.06	0.18	0.12	0.03	0.16	0.00

Adjusted Basic EPS	0.21	0.57	0.76	5.00	2.46	0.47	1.98	0.03

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
TWD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Jun-25	Jun-24	Jun-25
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	1,059	1,174	1,020	2,325	1,736	1,386	996	646
% Growth	NA	10.9%	-13.2%	128.0%	-25.3%			-35.2%

Cost of Revenue	(647)	(740)	(628)	(1,303)	(1,149)	(954)	(628)	(434)
Gross Profit	412	435	392	1,023	588	432	368	212
% Revenue	38.9%	37.0%	38.4%	44.0%	33.8%	31.1%	37.0%	32.8%

Research and Development	(103)	(100)	(97)	(104)	(105)	(103)	(60)	(58)
Selling and Marketing	(126)	(125)	(155)	(190)	(154)	(138)	(84)	(68)
General and Admin	(117)	(96)	(111)	(162)	(143)	(126)	(83)	(66)
Other Inc / (Exp)	(26)	(40)	46	(10)	51	(9)	45	(16)
Total Operating Exp	(371)	(361)	(316)	(466)	(351)	(376)	(182)	(207)

Operating Income	40	74	76	557	236	55	186	5
% Revenue	3.8%	6.3%	7.4%	24.0%	13.6%	4.0%	18.7%	0.8%

Interest Expense	(9)	(9)	(1)	(1)	3	(0)	5	1
Pre-tax Income	32	65	75	557	240	55	191	6
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(15)	(18)	(13)	(149)	(37)	(11)	(29)	(3)
Net Income to Company	17	47	62	408	203	44	161	3
% Margin	1.6%	4.0%	6.1%	17.5%	11.7%	3.2%	16.2%	0.4%

Minority Interest in Earnings	0	1	1	0	(1)	(1)	0	0
Net Income to Stockholders	17	47	62	408	202	43	162	3

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	17	47	62	408	202	43	162	3
% Margin	1.6%	4.0%	6.1%	17.5%	11.6%	3.1%	16.2%	0.5%

As Reported
Basic EPS (Continuing Ops)	0.21	0.58	0.76	5.00	2.45	0.50	1.98	0.03
Diluted EPS (Continuing Ops)	0.21	0.58	0.76	4.84	2.40	0.51	1.92	0.03

WA Basic Shares Out.	81.52	81.52	81.52	81.52	82.40	94.99	81.52	94.11
WA Diluted Shares Out.	81.65	81.73	81.93	84.35	84.19	94.52	84.03	94.36

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	32	65	75	557	240	55	191	6
Addback: Net Interest Expense	9	9	1	1	(3)	0	(5)	(1)
Addback: Other Non Operating Expenses, Total	26	40	(46)	10	(51)	9	(45)	16
Addback: Depreciation & Amortization	47	46	41	51	51	49	25	22
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	(0)	(0)	(0)	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0
Adjusted EBITDA	113	160	70	618	237	113	167	43
% Margin	10.6%	13.6%	6.9%	26.6%	13.6%	8.2%	16.7%	6.7%

Adjusted EBIT	66	114	30	567	185	64	141	21
% Margin	6.2%	9.7%	2.9%	24.4%	10.7%	4.6%	14.2%	3.2%

Adjusted Net Income Reconciliation
Net Income to Company	17	47	62	408	203	44	161	3
Addback: Unusual Items	0	0	0	(0)	(0)	(0)	0	0
Less: Tax Benefit of Unusual Items (26%)	0	0	0	0	0	0	(0)	0
Adjusted Net Income	17	47	62	408	203	44	161	3
% Margin	1.6%	4.0%	6.1%	17.5%	11.7%	3.2%	16.2%	0.4%

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Twoway Communications Inc

TWSE:8045

Taiwan / Information Technology / Communications Equipment

5Y Historical Financials