Tecnoglass Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
TGLS$45.45-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated statements of Operations and Comprehensive Income
(In thousands, except share and per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating revenues: | |||
| External customers | $979,211 | $887,067 | $830,879 |
| Related parties | 4,399 | 3,114 | 2,386 |
| Total operating revenues | 983,610 | 890,181 | 833,265 |
| Cost of sales | 562,200 | 510,209 | 442,331 |
| Gross profit | 421,410 | 379,972 | 390,934 |
| Operating expenses: | |||
| Selling expense | (105,428) | (81,298) | (68,061) |
| General and administrative expense | (90,882) | (71,673) | (63,111) |
| Total operating expenses | (196,310) | (152,971) | (131,172) |
| Other operating income | 5,641 | - | - |
| Operating income | 230,741 | 227,001 | 259,762 |
| Non-operating income, net | 3,127 | 5,858 | 5,131 |
| Foreign currency transactions gains/(loss) | 3,756 | (5,665) | 686 |
| Loss on debt extinguishment | (1,380) | - | - |
| Interest expense and deferred cost of financing | (3,445) | (7,433) | (9,178) |
| Equity method income | 2,493 | 5,397 | 5,013 |
| Income before taxes | 235,292 | 225,158 | 261,414 |
| Income tax provision | (75,726) | (63,849) | (77,904) |
| Net income | $159,566 | $161,309 | $183,510 |
| Income attributable to non-controlling interest | - | - | (628) |
| Income attributable to parent | $159,566 | $161,309 | $182,882 |
| Basic income per share | $3.42 | $3.43 | $3.85 |
| Diluted income per share | $3.42 | $3.43 | $3.85 |
| Basic weighted average common shares outstanding | 46,678,093 | 46,996,168 | 47,508,980 |
| Diluted weighted average common shares outstanding | 46,678,093 | 46,996,168 | 47,508,980 |
| Other comprehensive income: | |||
| Foreign currency translation adjustments | 72,157 | (53,167) | 63,058 |
| Change in fair value derivative contracts | (4,105) | (2,131) | (2,734) |
| Other Comprehensive Income (loss) | 68,052 | (55,298) | 60,324 |
| Total Comprehensive income | $227,618 | $106,011 | $243,834 |
| Income attributable to non-controlling interest | - | - | (628) |
| Total comprehensive income attributable to parent | $227,618 | $106,011 | $243,206 |
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