FARGLORY FREE TRADE ZONE INVESTMENT HOLDING CO., LTD.

Balance Sheet Farglory Free Trade Zone Investment Holding Co., Ltd.

Equities

5607

TW0005607006

Air Freight & Logistics

End-of-day quote Taiwan S.E. Other stock markets 15/05/2026			5-day change	1st Jan Change
47.70 ^TWD	-2.15%		-8.09%	-1.45%

05-07	Farglory Free Trade Zone Investment Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-11	Farglory Free Trade Zone Investment Holding Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: FARGLORY FREE TRADE ZONE INVESTMENT HOLDING CO., LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.54B	3.2B	2.91B	3.46B	4.14B
Total Revenues	2.54B	3.2B	2.91B	3.46B	4.14B
Cost of Goods Sold, Total	1.05B	1.26B	1.48B	1.83B	2.08B
Gross Profit	1.49B	1.94B	1.43B	1.64B	2.06B
Selling General & Admin Expenses, Total	448M	503M	483M	493M	529M
Provision for Bad Debts	1.61M	-1.01M	-1.51M	1.13M	-908K
Other Operating Expenses, Total	450M	502M	481M	494M	528M
Operating Income	1.04B	1.44B	949M	1.14B	1.53B
Interest Expense, Total	-111M	-125M	-218M	-327M	-327M
Interest And Investment Income	14.34M	37.94M	28.34M	8.98M	8M
Net Interest Expenses	-96.44M	-86.75M	-190M	-318M	-319M
Income (Loss) On Equity Invest.	-	-113K	-85K	820K	1.48M
Currency Exchange Gains (Loss)	-133K	-177K	-284K	-63K	-816K
Other Non Operating Income (Expenses)	-3.16M	-1.39M	7.23M	3.99M	-476K
EBT, Excl. Unusual Items	936M	1.35B	766M	828M	1.21B
Gain (Loss) On Sale Of Investments	2.78M	3.34M	24K	12K	689K
Gain (Loss) On Sale Of Assets	-	2K	-	-	-
Other Unusual Items	-18.02M	-	-	-	-
EBT, Incl. Unusual Items	921M	1.35B	766M	828M	1.21B
Income Tax Expense	191M	153M	-127M	110M	185M
Earnings From Continuing Operations	730M	1.2B	892M	718M	1.03B
Net Income to Company	730M	1.2B	892M	718M	1.03B
Minority Interest	-159M	-104M	-	-1.05M	-
Net Income - (IS)	571M	1.1B	892M	717M	1.03B
Net Income to Common Incl Extra Items	571M	1.1B	892M	717M	1.03B
Net Income to Common Excl. Extra Items	571M	1.1B	892M	717M	1.03B
Per Share Items
Net EPS - Basic	2.05	3.52	2.64	1.93	2.77
Basic EPS - Continuing Operations	2.05	3.52	2.64	1.93	2.77
Basic Weighted Average Shares Outstanding	279M	311M	337M	371M	371M
Net EPS - Diluted	2.05	3.52	2.64	1.93	2.77
Diluted EPS - Continuing Operations	2.05	3.52	2.64	1.93	2.77
Diluted Weighted Average Shares Outstanding	279M	312M	338M	371M	371M
Normalized Basic EPS	1.53	2.37	1.42	1.39	2.04
Normalized Diluted EPS	1.53	2.37	1.42	1.39	2.04
Dividend Per Share	1.32	0.99	0.82	1.08	1.8
Payout Ratio	48.34	37.23	36.85	42.23	38.88
Supplemental Items
EBITDA	1.3B	1.73B	1.44B	1.9B	2.38B
EBITA	1.04B	1.45B	958M	1.15B	1.54B
EBIT	1.04B	1.44B	949M	1.14B	1.53B
EBITDAR	1.32B	1.74B	1.45B	1.91B	2.39B
Effective Tax Rate - (Ratio)	20.73	11.29	-16.53	13.29	15.22
Current Domestic Taxes	118M	172M	111M	98.03M	165M
Total Current Taxes	118M	172M	111M	98.03M	165M
Deferred Domestic Taxes	72.4M	-19.2M	-238M	11.98M	19.78M
Total Deferred Taxes	72.4M	-19.2M	-238M	11.98M	19.78M
Normalized Net Income	426M	739M	479M	516M	757M
Interest Capitalized	34.27M	97.06M	108M	25.29M	44.57M
Interest on Long-Term Debt	68.91M	70.53M	65.84M	72.26M	72.53M
Non-Cash Pension Expense	943K	852K	550K	514K	149K
Supplemental Operating Expense Items
Selling and Marketing Expenses	128M	128M	106M	101M	115M
General and Administrative Expenses	320M	375M	375M	391M	415M
Net Rental Expense, Total	11.57M	12.56M	8.25M	9.65M	9.48M
Imputed Operating Lease Interest Expense	1.77M	2.13M	1.71M	1.95M	1.95M
Imputed Operating Lease Depreciation	9.8M	10.44M	6.54M	7.71M	7.53M
Stock-Based Comp., Other (Total)	-	-	39.97M	-	-
Total Stock-Based Compensation	-	-	39.97M	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	485M	382M	467M	520M	859M
Short Term Investments	412M	584M	489M	350M	200M
Trading Asset Securities, Total	1.22B	50.75M	-	50.01M	34.7M
Total Cash And Short Term Investments	2.12B	1.02B	956M	920M	1.09B
Accounts Receivable, Total	274M	220M	247M	315M	360M
Other Receivables	41.62M	45.79M	21.25M	25.05M	34.84M
Total Receivables	316M	265M	268M	340M	395M
Prepaid Expenses	34.72M	25.4M	27.66M	24.88M	30.47M
Other Current Assets, Total	3.1M	4.57M	527K	31.32M	31.76M
Total Current Assets	2.47B	1.31B	1.25B	1.32B	1.55B
Gross Property Plant And Equipment	9.06B	10.78B	8.38B	9B	9.43B
Accumulated Depreciation	-1.81B	-1.91B	-2.52B	-2.82B	-3.11B
Net Property Plant And Equipment	7.25B	8.86B	5.86B	6.19B	6.32B
Long-term Investments	50.1M	49.99M	49.9M	77.72M	79.1M
Other Intangibles, Total	8.5M	15.36M	14.3M	10.58M	14.22M
Deferred Tax Assets Long-Term	49.28M	69.21M	316M	317M	290M
Deferred Charges Long-Term	28K	-	-	-	-
Other Long-Term Assets, Total	9.19B	11.42B	17.71B	18.87B	18.9B
Total Assets	19.02B	21.73B	25.2B	26.78B	27.16B
Liabilities
Accounts Payable, Total	82.21M	79.7M	204M	88.29M	70.41M
Accrued Expenses, Total	212M	255M	234M	222M	292M
Short-term Borrowings	605M	700M	1.31B	1.71B	1.55B
Current Portion of Long-Term Debt	289M	1B	413M	722M	934M
Current Portion of Leases	129M	134M	80.95M	90.74M	91.1M
Current Income Taxes Payable	120M	118M	121M	132M	216M
Unearned Revenue Current, Total	37.65M	37.1M	36.59M	37.8M	36.5M
Other Current Liabilities	990M	327M	229M	179M	186M
Total Current Liabilities	2.46B	2.66B	2.63B	3.18B	3.38B
Long-Term Debt	5.01B	6.92B	8.57B	8.91B	8.43B
Long-Term Leases	3.06B	3.12B	2.96B	3.21B	3.22B
Unearned Revenue Non Current	502M	451M	401M	351M	301M
Pension & Other Post Retirement Benefits	60.22M	40.9M	38.3M	31.1M	23.88M
Deferred Tax Liability Non Current	17.1M	19.09M	27.55M	39.89M	33.21M
Other Non Current Liabilities	534M	536M	588M	633M	720M
Total Liabilities	11.64B	13.74B	15.21B	16.35B	16.1B
Common Stock, Total	2.3B	2.74B	3.36B	3.63B	3.71B
Additional Paid In Capital	918M	3.22B	4.31B	4.35B	4.35B
Retained Earnings	2.48B	1.78B	2.1B	2.44B	2.99B
Comprehensive Income and Other	279M	251M	220M	-	-
Total Common Equity	5.98B	7.99B	9.99B	10.42B	11.05B
Minority Interest	1.39B	-	-	-	-
Total Equity	7.38B	7.99B	9.99B	10.42B	11.05B
Total Liabilities And Equity	19.02B	21.73B	25.2B	26.78B	27.16B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	279M	332M	371M	371M	371M
ECS Total Common Shares Outstanding	279M	332M	371M	371M	371M
Book Value / Share	21.46	24.06	26.96	28.13	29.83
Tangible Book Value	5.97B	7.97B	9.98B	10.41B	11.04B
Tangible Book Value Per Share	21.43	24.02	26.92	28.1	29.79
Total Debt	9.09B	11.88B	13.33B	14.64B	14.22B
Net Debt	6.97B	10.86B	12.37B	13.72B	13.13B
Debt Equivalent of Unfunded Proj. Benefit Obligation	60.22M	40.9M	38.3M	31.1M	23.88M
Debt Equivalent Oper. Leases	92.55M	100M	66.02M	77.22M	75.83M
Minority Interest, Total (Incl. Fin. Div)	1.39B	-	-	-	-
Equity Method Investments, Total	-	49.89M	49.8M	77.62M	79.1M
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	2.01B	2.01B	2.74B	2.84B	2.93B
Machinery, Total	1.22B	1.33B	1.45B	1.84B	2.37B
Full Time Employees	558	676	653	642	674
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	3.49M	2.49M	974K	2.1M	1.2M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	571M	1.1B	892M	717M	1.03B
Depreciation & Amortization - CF	367M	390M	591M	864M	958M
Amortization of Goodwill and Intangible Assets - (CF)	5.48M	7.49M	9M	8.69M	8.22M
Depreciation & Amortization, Total	372M	398M	600M	873M	966M
(Gain) Loss From Sale Of Asset	-	-2K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-24K	-12K	-689K
(Income) Loss On Equity Investments - (CF)	-	113K	85K	-820K	-1.48M
Stock-Based Compensation (CF)	-	-	39.97M	-	-
Provision and Write-off of Bad Debts	1.61M	-1M	-1.51M	1.13M	-908K
Other Operating Activities, Total	314M	85.33M	-233M	16.44M	77.13M
Change in Trading Asset Securities	420M	1.17B	50.77M	-50M	16M
Change In Accounts Receivable	-13.27M	52.04M	-27.61M	-70.37M	-46.28M
Change In Accounts Payable	89.93M	63.98M	-32.8M	2.83M	110M
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-124M	-35.62M	-68.06M	-67.56M	-53.39M
Cash from Operations	1.63B	2.83B	1.22B	1.42B	2.09B
Capital Expenditure	-2.02B	-1.91B	-695M	-358M	-423M
Sale of Property, Plant, and Equipment	-	334K	-	-	-
Sale (Purchase) of Real Estate properties	-2.04B	-2.88B	-3.24B	-1.85B	-707M
Sale (Purchase) of Intangible assets	-6.16M	-14.32M	-7.94M	-4.96M	-11.87M
Investment in Marketable and Equity Securities, Total	0	-211M	97.54M	153M	210M
Other Investing Activities, Total	-1.44M	-	-5.45M	830K	-53K
Cash from Investing	-4.07B	-5.01B	-3.85B	-2.06B	-931M
Short Term Debt Issued, Total	1.76B	3.26B	5.84B	7.92B	5.67B
Long-Term Debt Issued, Total	2.86B	2.94B	2.79B	1.06B	465M
Total Debt Issued	4.62B	6.19B	8.63B	8.98B	6.14B
Short Term Debt Repaid, Total	-1.3B	-3.16B	-5.23B	-7.52B	-5.83B
Long-Term Debt Repaid, Total	-396M	-393M	-1.81B	-502M	-823M
Total Debt Repaid	-1.69B	-3.55B	-7.04B	-8.03B	-6.65B
Issuance of Common Stock	-	-	1.4B	-	-
Common Dividends Paid	-276M	-408M	-329M	-303M	-400M
Common & Preferred Stock Dividends Paid	-276M	-408M	-329M	-303M	-400M
Other Financing Activities, Total	45.98M	-154M	52.49M	42.18M	92.76M
Cash from Financing	2.7B	2.08B	2.72B	694M	-825M
Net Change in Cash	260M	-103M	85.29M	53.42M	338M
Supplemental Items
Cash Interest Paid	111M	125M	210M	332M	331M
Cash Income Tax Paid (Refund)	37.1M	174M	119M	95.27M	109M
Levered Free Cash Flow	-548M	-1.27B	398M	754M	1.36B
Unlevered Free Cash Flow	-479M	-1.19B	534M	959M	1.57B
Change In Net Working Capital	-528M	565M	-4.84M	264M	-80.15M
Net Debt Issued / Repaid	2.93B	2.64B	1.59B	955M	-518M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.81	4.41	2.53	2.75	3.55
Return on Total Capital	4.39	4.95	2.75	2.95	3.8
Return On Equity %	10.19	15.62	9.93	7.03	9.57
Return on Common Equity	9.81	15.69	9.93	7.02	9.57
Margin Analysis
Gross Profit Margin %	58.51	60.68	49.18	47.2	49.68
SG&A Margin	17.65	15.74	16.6	14.22	12.76
EBITDA Margin %	51.38	54.01	49.63	54.77	57.36
EBITA Margin %	41.01	45.21	32.94	33.2	37.13
EBIT Margin %	40.79	44.97	32.63	32.95	36.94
Income From Continuing Operations Margin %	28.75	37.54	30.68	20.72	24.81
Net Income Margin %	22.49	34.27	30.68	20.69	24.81
Net Avail. For Common Margin %	22.49	34.27	30.68	20.69	24.81
Normalized Net Income Margin	16.78	23.12	16.45	14.91	18.28
Levered Free Cash Flow Margin	-21.6	-39.7	13.67	21.77	32.91
Unlevered Free Cash Flow Margin	-18.88	-37.26	18.36	27.68	37.84
Asset Turnover
Asset Turnover	0.15	0.16	0.12	0.13	0.15
Fixed Assets Turnover	0.41	0.4	0.4	0.58	0.66
Receivables Turnover (Average Receivables)	9.59	12.94	12.46	12.33	12.27
Short Term Liquidity
Current Ratio	1	0.49	0.48	0.41	0.46
Quick Ratio	0.99	0.48	0.47	0.4	0.44
Operating Cash Flow to Current Liabilities	0.66	1.06	0.46	0.45	0.62
Days Sales Outstanding (Average Receivables)	38.05	28.2	29.29	29.69	29.74
Average Days Payable Outstanding	22.78	23.51	35.03	29.23	13.89
Long Term Solvency
Total Debt/Equity	123.23	148.69	133.43	140.45	128.7
Total Debt / Total Capital	55.2	59.79	57.16	58.41	56.27
LT Debt/Equity	109.36	125.69	115.38	116.25	105.4
Long-Term Debt / Total Capital	48.99	50.54	49.43	48.35	46.09
Total Liabilities / Total Assets	61.22	63.24	60.35	61.07	59.3
EBIT / Interest Expense	9.35	11.53	4.34	3.49	4.68
EBITDA / Interest Expense	12.71	14.72	7.09	6.15	7.64
(EBITDA - Capex) / Interest Expense	-5.53	-0.58	3.9	5.06	6.35
Total Debt / EBITDA	6.45	6.47	8.61	7.27	5.7
Net Debt / EBITDA	4.95	5.92	7.99	6.81	5.26
Total Debt / (EBITDA - Capex)	-14.82	-164.25	15.63	8.84	6.86
Net Debt / (EBITDA - Capex)	-11.37	-150.19	14.51	8.28	6.33
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	33.1	26.5	-9.05	19.15	19.58
Gross Profit, 1 Yr. Growth %	40.86	31.6	-26.29	14.34	25.86
EBITDA, 1 Yr. Growth %	42.8	33.58	-16.44	31.48	25.23
EBITA, 1 Yr. Growth %	52.68	40.39	-33.73	20.08	33.75
EBIT, 1 Yr. Growth %	53.32	40.41	-34.01	20.31	34.05
Earnings From Cont. Operations, 1 Yr. Growth %	24.11	64.43	-25.66	-19.53	43.16
Net Income, 1 Yr. Growth %	23.81	91.93	-18.58	-19.65	43.37
Normalized Net Income, 1 Yr. Growth %	76.9	73.49	-35.26	7.92	46.64
Diluted EPS Before Extra, 1 Yr. Growth %	24	71.77	-24.81	-26.77	43.52
Accounts Receivable, 1 Yr. Growth %	7.69	-20.02	12.62	27.35	14.46
Net Property, Plant and Equip., 1 Yr. Growth %	45.59	22.19	-33.89	5.61	2.13
Total Assets, 1 Yr. Growth %	26.79	14.27	15.95	6.26	1.43
Tangible Book Value, 1 Yr. Growth %	5.65	33.49	25.11	4.38	6.02
Common Equity, 1 Yr. Growth %	5.67	33.55	25.05	4.33	6.05
Cash From Operations, 1 Yr. Growth %	46.53	73.35	-56.85	16.5	47.38
Capital Expenditures, 1 Yr. Growth %	320.43	-5.61	-63.55	-48.47	18.02
Levered Free Cash Flow, 1 Yr. Growth %	-219.56	128.42	-131.32	89.76	80.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-191.98	144.91	-144.83	79.56	63.49
Dividend Per Share, 1 Yr. Growth %	33.33	-25	-17.5	32	63.64
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.67	29.47	7.26	4.1	19.36
Gross Profit, 2 Yr. CAGR %	3.23	35.64	-1.51	-8.2	19.96
EBITDA, 2 Yr. CAGR %	3.85	37.5	5.65	4.82	28.32
EBITA, 2 Yr. CAGR %	2.01	45.59	-3.55	-10.79	26.73
EBIT, 2 Yr. CAGR %	2.22	45.9	-3.74	-10.9	26.99
Earnings From Cont. Operations, 2 Yr. CAGR %	1.34	42.86	10.56	-22.66	7.33
Net Income, 2 Yr. CAGR %	1.59	54.15	25.01	-19.12	7.33
Normalized Net Income, 2 Yr. CAGR %	3	75.19	5.98	-16.41	25.8
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.68	45.94	13.61	-25.85	2.48
Accounts Receivable, 2 Yr. CAGR %	11.53	-7.19	-5.09	19.76	20.73
Net Property, Plant and Equip., 2 Yr. CAGR %	20.49	33.38	-10.12	-16.45	3.85
Total Assets, 2 Yr. CAGR %	19.11	20.37	15.11	11	3.81
Tangible Book Value, 2 Yr. CAGR %	5.8	18.76	29.23	14.28	5.2
Common Equity, 2 Yr. CAGR %	5.81	18.8	29.23	14.22	5.19
Cash From Operations, 2 Yr. CAGR %	187.38	59.38	-13.51	-29.1	31.03
Capital Expenditures, 2 Yr. CAGR %	180.77	99.22	-41.34	-56.66	-22.02
Levered Free Cash Flow, 2 Yr. CAGR %	-17.34	66.34	-15.42	-22.91	85.21
Unlevered Free Cash Flow, 2 Yr. CAGR %	-25.78	51.22	4.78	-10.29	71.34
Dividend Per Share, 2 Yr. CAGR %	26.49	0	-21.34	4.35	48.43
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	14.34	12.04	15.09	11.08	9.02
Gross Profit, 3 Yr. CAGR %	19.54	11.65	10.69	3.51	1.99
EBITDA, 3 Yr. CAGR %	24.42	12.61	16.47	13.64	11.22
EBITA, 3 Yr. CAGR %	30.71	13.04	11.99	3.76	2.1
EBIT, 3 Yr. CAGR %	31.48	13.2	11.99	3.68	2.1
Earnings From Cont. Operations, 3 Yr. CAGR %	37.28	19.08	14.91	-0.55	-5.04
Net Income, 3 Yr. CAGR %	37.29	25.59	24.61	7.88	-2.11
Normalized Net Income, 3 Yr. CAGR %	27.46	22.55	25.72	6.62	0.81
Diluted EPS Before Extra, 3 Yr. CAGR %	24.08	11.9	16.97	-1.91	-7.62
Accounts Receivable, 3 Yr. CAGR %	24.23	-0.17	-1.01	4.68	17.96
Net Property, Plant and Equip., 3 Yr. CAGR %	70.7	21.06	5.55	-5.16	-10.66
Total Assets, 3 Yr. CAGR %	37.64	17.48	18.88	12.08	7.71
Tangible Book Value, 3 Yr. CAGR %	16.16	14.33	20.84	20.35	11.45
Common Equity, 3 Yr. CAGR %	16.19	14.35	20.85	20.33	11.43
Cash From Operations, 3 Yr. CAGR %	83.65	142.82	3.1	-4.48	-9.51
Capital Expenditures, 3 Yr. CAGR %	216.78	95.23	13.1	-43.82	-39.48
Levered Free Cash Flow, 3 Yr. CAGR %	4.85	16.5	-4.66	10.72	2.42
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.34	11.04	0.83	25.38	9.58
Dividend Per Share, 3 Yr. CAGR %	58.74	6.27	-6.21	-6.53	22.04
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.9	16.61	11.36	8.79	16.78
Gross Profit, 5 Yr. CAGR %	19.09	22.32	10.46	3.24	14.31
EBITDA, 5 Yr. CAGR %	22.01	26.16	16.34	9.42	21.07
EBITA, 5 Yr. CAGR %	30.17	34.11	15.49	2.83	17.67
EBIT, 5 Yr. CAGR %	30.99	34.92	15.8	2.86	17.77
Earnings From Cont. Operations, 5 Yr. CAGR %	26.01	28.99	25.89	0.2	11.81
Net Income, 5 Yr. CAGR %	25.13	32.43	32.24	5.32	17.38
Normalized Net Income, 5 Yr. CAGR %	33.65	45.33	18.39	5.16	25.75
Diluted EPS Before Extra, 5 Yr. CAGR %	17.87	21.94	19.78	-5.1	10.91
Accounts Receivable, 5 Yr. CAGR %	18.02	11.53	11.55	7.37	7.17
Net Property, Plant and Equip., 5 Yr. CAGR %	37.14	43.7	32.07	4.37	4.87
Total Assets, 5 Yr. CAGR %	22.5	25.67	28.14	14.84	12.61
Tangible Book Value, 5 Yr. CAGR %	12.06	17.14	21.22	14.31	14.32
Common Equity, 5 Yr. CAGR %	12.08	17.17	21.24	14.3	14.32
Cash From Operations, 5 Yr. CAGR %	32.87	47.95	35.89	48.4	13.48
Capital Expenditures, 5 Yr. CAGR %	52.54	116.22	61.36	6.93	-2.53
Levered Free Cash Flow, 5 Yr. CAGR %	29.3	25.33	-3.53	-1.24	24.34
Unlevered Free Cash Flow, 5 Yr. CAGR %	31.85	22.25	1.36	1.96	24.65
Dividend Per Share, 5 Yr. CAGR %	-	43.11	19.87	5.5	12.69