GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
A

Ares International 2471.TW · TWD

Information Technology · Taiwan Stock Exchange · 🇹🇼 Taiwan

Compare

52.10

+1.36%

Close of 9 Nov 2026, in TWD

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

Popular Bitcoin Ethereum Nvidia Apple S&P 500 Gold EUR/USD US 10Y

At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.00bn

FY2016FY2025

Net income

TWD 171.7m

FY2016FY2025

Free cash flow

TWD 250.2m

FY2016FY2025

Shareholders' equity

TWD 944.5m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.00bnTWD 877.7mTWD 841.8mTWD 802.5mTWD 800.7mTWD 773.7mTWD 722.5mTWD 673.5mTWD 676.1mTWD 692.4m
Gross profitTWD 434.1mTWD 352.4mTWD 343.8mTWD 336.0mTWD 333.8mTWD 302.2mTWD 305.3mTWD 249.0mTWD 224.9mTWD 237.5m
Research and developmentTWD 110.3mTWD 95.9mTWD 106.4mTWD 106.0mTWD 92.0mTWD 87.1mTWD 96.8mTWD 91.1mTWD 64.6mTWD 61.8m
Operating incomeTWD 179.3mTWD 110.3mTWD 101.5mTWD 177.8mTWD 139.7mTWD 118.7mTWD 98.3mTWD 40.9mTWD 39.4mTWD 37.2m
Net incomeTWD 171.7mTWD 157.4mTWD 173.0mTWD 143.4mTWD 114.5mTWD 97.8mTWD 80.1mTWD 57.2mTWD 32.2mTWD 81.5m
Diluted earnings per share3.623.283.602.972.822.071.731.220.791.80

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 1.54bnTWD 1.45bnTWD 1.46bnTWD 1.41bnTWD 1.34bnTWD 1.30bnTWD 1.23bnTWD 1.12bnTWD 1.10bnTWD 1.09bn
Cash and short-term investmentsTWD 958.3mTWD 873.9mTWD 950.5mTWD 890.1mTWD 836.1mTWD 904.5mTWD 831.2mTWD 731.7mTWD 493.6mTWD 486.8m
Total liabilitiesTWD 594.7mTWD 524.5mTWD 545.5mTWD 530.0mTWD 516.3mTWD 530.9mTWD 488.4mTWD 389.6mTWD 381.0mTWD 368.7m
DebtTWD 22.1mTWD 11.5mTWD 16.7mTWD 7.0mTWD 21.2mTWD 4.0mTWD 18.5m—TWD 19.9m—
Shareholders' equityTWD 944.5mTWD 919.5mTWD 910.3mTWD 873.5mTWD 815.1mTWD 768.2mTWD 742.3mTWD 724.0mTWD 711.8mTWD 713.9m
Shares outstanding47m48m48m48m41m47m46m47m41m45m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 258.8mTWD 127.3mTWD 128.8mTWD 172.1mTWD 21.1mTWD 151.0mTWD 167.1mTWD 67.8mTWD 52.1mTWD 23.7m
Capital spending−TWD 8.5m−TWD 52.2m−TWD 1.7m−TWD 2.2m−TWD 2.4m−TWD 2.2m−TWD 1.9m−TWD 8.9m−TWD 4.4m−TWD 1.7m
Free cash flowTWD 250.2mTWD 75.1mTWD 127.0mTWD 169.8mTWD 18.8mTWD 148.8mTWD 165.1mTWD 58.8mTWD 47.7mTWD 22.0m
Dividends paid−TWD 144.6m−TWD 155.3m−TWD 133.9m−TWD 106.0m−TWD 70.9m−TWD 67.3m−TWD 53.0m−TWD 47.3m−TWD 63.3m−TWD 47.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 242.6mTWD 232.3mTWD 315.7mTWD 245.9mTWD 235.0mTWD 203.5mTWD 283.2mTWD 225.1m
Gross profitTWD 108.5mTWD 72.3mTWD 155.2mTWD 120.2mTWD 96.2mTWD 62.5mTWD 120.6mTWD 103.3m
Operating incomeTWD 48.1mTWD 5.8mTWD 87.0mTWD 49.5mTWD 39.1mTWD 932,000TWD 71.4mTWD 34.2m
Net incomeTWD 52.4mTWD 23.4mTWD 91.2mTWD 61.9mTWD 4.8mTWD 13.9mTWD 72.0mTWD 32.8m
Diluted earnings per share1.110.491.921.310.100.291.500.68
Cash from operationsTWD 130.0mTWD 59.0mTWD 134.0mTWD 68.0mTWD 38.0m−TWD 3.0mTWD 110.0mTWD 11.0m
Capital spending——−TWD 1.0m—−TWD 6.0m—−TWD 48.0m−TWD 1.0m
Free cash flow——TWD 133.0m—TWD 32.0m—TWD 62.0mTWD 10.0m
Total assetsTWD 1.67bnTWD 1.57bnTWD 1.54bnTWD 1.44bnTWD 1.54bnTWD 1.48bnTWD 1.45bnTWD 1.35bn
Cash and short-term investmentsTWD 1.14bnTWD 1.01bnTWD 958.3mTWD 830.5mTWD 896.2mTWD 863.3mTWD 873.9mTWD 814.4m
DebtTWD 12.0mTWD 16.8mTWD 19.2mTWD 19.3mTWD 19.4mTWD 19.9mTWD 6.2mTWD 8.9m
Shareholders' equityTWD 865.4mTWD 968.9mTWD 944.5mTWD 851.3mTWD 787.9mTWD 933.5mTWD 919.5mTWD 842.5m

Financial ratios

Data as of 27 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin43.4%40.2%40.8%41.9%41.7%39.1%
Operating margin17.9%19.4%21.1%22.2%17.4%15.3%
Net margin17.2%17.9%20.5%17.9%14.3%12.6%
Return on equity18.2%17.1%19.0%16.4%14.1%12.7%
Return on assets11.1%10.9%11.9%10.2%8.6%7.5%
Free cash flow yield11.2%7.4%5.4%7.1%1.1%6.4%
Revenue growth14.0%4.3%4.9%0.2%3.5%7.1%
Earnings growth9.1%-9.0%20.6%25.2%17.2%22.1%
Current ratio2.48x2.78x2.93x3.03x3.06x3.04x
Debt to equity0.02x0.01x0.02x0.01x0.02x0.00x
Equity ratio61.2%63.5%62.4%62.1%61.1%59.0%
Interest coverage173.92x298.73x262.24x408.73x202.17x393.02x
R&D as a share of sales11.0%10.9%12.6%13.2%11.5%11.3%
Buybacks as a share of market value1.1%0.1%0.7%-19.0%14.2%-2.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue7.6%5.3%5.0%
Operating income0.3%8.6%22.8%
Net income6.2%11.9%16.7%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin41.9%41.6%41.2%39.0%
Operating margin15.4%16.2%16.2%12.6%
Net margin17.5%18.3%16.8%13.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings13.816.314.99.59.413.210.812.118.68.1
Price to sales2.42.93.11.71.31.71.21.00.90.9

Dividends and splits

Per share, in the currency the company pays

Paid for 15 years. Last went ex-dividend on 22 Jul 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year3.0593.2872.8352.2441.501.4251.1210.385
  • 1-to-1 reverse split · 25 May 2007
  • 1-to-1 reverse split · 16 Mar 2006
  • 21-for-20 split · 28 Aug 2002
  • 29-for-25 split · 24 Oct 2001
  • 1.253-for-1 split · 8 Aug 2000
  • 1.256-for-1 split · 27 Sept 1999

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.