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Progate Group 8227.TWO · TWD

Information Technology · Taipei Exchange · 🇹🇼 Taiwan

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200.00

+2.56%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.35bn

FY2018FY2025

Net income

TWD 81.4m

FY2018FY2025

Free cash flow

−TWD 10.0m

FY2018FY2025

Shareholders' equity

TWD 1.14bn

FY2018FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
RevenueTWD 1.35bnTWD 682.2mTWD 1.10bnTWD 934.4mTWD 560.3mTWD 376.4mTWD 376.2mTWD 289.0m
Gross profitTWD 262.8mTWD 192.8mTWD 323.1mTWD 248.7mTWD 173.6mTWD 84.5mTWD 127.5mTWD 83.9m
Research and developmentTWD 91.0mTWD 84.9mTWD 69.5mTWD 70.5mTWD 62.0mTWD 61.6mTWD 62.5mTWD 56.5m
Operating incomeTWD 100.6mTWD 41.4mTWD 199.8mTWD 91.7mTWD 66.2m−TWD 32.4mTWD 20.9m−TWD 14.2m
Net incomeTWD 81.4mTWD 62.7mTWD 160.1mTWD 73.3mTWD 58.2m−TWD 26.5mTWD 29.2m−TWD 17.1m
Diluted earnings per share2.061.674.291.961.75-0.800.88-0.52

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total assetsTWD 1.82bnTWD 1.46bnTWD 1.08bnTWD 974.8mTWD 518.6mTWD 409.6mTWD 357.1mTWD 356.3m
Cash and short-term investments——TWD 599.1mTWD 564.9mTWD 232.1mTWD 122.9m—TWD 141.7m
Total liabilitiesTWD 685.5mTWD 340.1mTWD 284.7mTWD 279.9mTWD 194.8mTWD 144.0mTWD 1.4mTWD 91.7m
Debt—TWD 2.4mTWD 1.9mTWD 1.4mTWD 2.5mTWD 2.2mTWD 2.2m—
Shareholders' equityTWD 1.14bnTWD 1.12bnTWD 798.6mTWD 694.9mTWD 323.8mTWD 265.6mTWD 292.7mTWD 264.6m
Shares outstanding40m38m37m37m33m33m33m33m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash from operationsTWD 46.9mTWD 144.7mTWD 114.1mTWD 45.1mTWD 126.0mTWD 36.9m−TWD 19.4mTWD 17.6m
Capital spending−TWD 56.9m−TWD 49.2m−TWD 5.7m−TWD 3.8m−TWD 205,000−TWD 798,000−TWD 1.1m−TWD 710,000
Free cash flow−TWD 10.0mTWD 95.4mTWD 108.4mTWD 41.3mTWD 125.8mTWD 36.1m−TWD 20.5mTWD 16.9m
Dividends paid−TWD 63.3m−TWD 85.9m−TWD 56.0m—————

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 613.0mTWD 369.6mTWD 414.8mTWD 461.8mTWD 276.5mTWD 196.2mTWD 200.3mTWD 148.8m
Gross profitTWD 104.7mTWD 69.8mTWD 64.5mTWD 89.0mTWD 72.7mTWD 36.6mTWD 58.6mTWD 51.8m
Operating incomeTWD 46.3mTWD 25.0mTWD 19.5mTWD 46.1mTWD 35.4m−TWD 355,000TWD 18.3mTWD 6.6m
Net incomeTWD 102.5mTWD 25.1mTWD 26.2mTWD 50.0m−TWD 2.3mTWD 7.6mTWD 26.9mTWD 3.9m
Diluted earnings per share2.590.640.661.26-0.060.190.720.10
Cash from operations—TWD 1.0mTWD 5.0m—TWD 34.0m−TWD 90.0mTWD 49.0m−TWD 6.0m
Capital spending−TWD 1.0m−TWD 38.0m−TWD 16.0m——−TWD 36.0m−TWD 14.0m−TWD 2.0m
Free cash flow—−TWD 37.0m−TWD 11.0m——−TWD 126.0mTWD 35.0m−TWD 8.0m
Total assetsTWD 1.92bnTWD 2.06bnTWD 1.82bnTWD 1.71bnTWD 1.71bnTWD 1.57bnTWD 1.46bnTWD 1.37bn
Cash and short-term investments———TWD 976.8m————
Debt———TWD 1.2m————
Shareholders' equityTWD 1.20bnTWD 1.16bnTWD 1.14bnTWD 1.11bnTWD 1.06bnTWD 1.13bnTWD 1.12bnTWD 1.09bn

Financial ratios

Data as of 15 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin19.5%28.3%29.2%26.6%31.0%22.5%
Operating margin8.0%11.6%18.1%9.8%11.8%-8.6%
Net margin6.0%9.2%14.5%7.8%10.4%-7.0%
Return on equity7.1%5.6%20.0%10.5%18.0%-10.0%
Return on assets4.5%4.3%14.8%7.5%11.2%-6.5%
Free cash flow yield—1.8%1.1%0.5%——
Revenue growth97.8%-38.2%18.2%66.8%48.8%0.1%
Earnings growth29.8%-60.8%118.5%26.0%-319.3%-190.9%
Current ratio2.56x4.36x3.49x3.22x2.28x2.28x
Debt to equity——0.00x0.00x0.01x0.01x
Equity ratio62.4%76.7%73.7%71.3%62.4%64.8%
Interest coverage1122.54x788.91x4647.53x2620.74x1891.54x-736.34x
R&D as a share of sales6.7%12.4%6.3%7.5%11.1%16.4%
Buybacks as a share of market value—-0.5%0.0%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue13.0%29.1%18.6%
Operating income3.1%——
Net income3.6%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin22.4%25.2%25.7%27.4%
Operating margin7.0%10.7%9.3%6.9%
Net margin7.1%9.3%8.2%6.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2011FY2010
Price to earnings70.2108.862.546.159.4-4.03.6-6.2-39.83.7
Price to sales4.210.09.13.66.20.30.30.40.30.3

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 25 Jun 2025.

FY2025FY2024FY2023
Paid in the year1.602.2681.50

Sources and methodology

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

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