Topco Scientific Co., Ltd. · TWSE:5434
Topco Scientific — Q4 2025 Earnings Presentation
25 slides from Topco Scientific's earnings presentation, Apr 1, 2026
Slide 1: 2025 Q4 Investor Meeting
2025 Q4 INVESTOR MEETING Chairman：Mr. Jeffery Pan Managing Director：Mr. Charles Lee Spokesperson：Ms. Della Huang / Senior Vice President TSE Ticker : 5434 TT April 1, 2026 1
Slide 2: Safe Harbor Notice
Safe Harbor Notice • These forward-looking statements, which may include statements regarding Topco’s future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on Topco’s current expectations. • Actual results may differ
Slide 3: Company Profile
Company Profile 成立 員工數 Establishment Employee Number 1990 in Taiwan 1993 employees worldwide Diligence, Professionalism, Sharing the Success 資本額 2025年營收 • Founded：February 17th, 1990 Capital Annual Revenue • Headquarters：Taipei, Taiwan 19.2 億元 (NTD) 675.8 • IPO：2003 億元 (NTD) 3
Slide 4: Agenda
Agenda • Welcome Address • Business Reports • Q&A 4
Slide 5: Business Reports
WISS Business Reports
Slide 6: Executive Summary
Executive Summary 2025 Q4 Profit Attributable to shareholders of the Company and EPS Set All Time High ◆ Revenue : NT$17.3 billion, up 8.7% YoY, a record high for the same period. ◆ Profit Attributable to shareholders of the Company：NT1.22 billion, up 10.9% QoQ and 32.4% YoY, a record quarterly high
Slide 7: Revenue
Revenue Net Sales 70,000 Consolidated Revenue 67,584 65,000 60,000 55,000 56,997 50,000 52,978 45,000 49,273 40,000 42,669 35,000 36,168 30,000 31,701 25,000 28,861 20,000 22,629 23,781 15,000 18,092 19,079 15,555 10,000 5,000 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 R
Slide 8: Quarterly Revenue
Quarterly Revenue Quarterly Consolidated Sales In Million NTD 19,000 18,000 17,000 16,000 15,000 14,000 13,000 12,000 11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2017Q4 2022Q4 2016Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2018Q1 2018Q2 2018Q3 2018Q4 2019Q1 2019Q2 2019Q3
Slide 9: Q4: Consolidated Income Statement
Q4: Consolidated Income Statement Quarter 4Q 25 3Q 25 4Q 24 QoQ YoY Operating Revenue 17,298,641 17,538,579 15,907,231 -1.4% 8.7% Gross Profit 2,303,777 2,251,676 2,058,092 2.3% 11.9% Net Operating Income 1,082,674 1,223,544 959,030 -11.5% 12.9% Pre-tax Profit 1,540,932 1,420,075 1,167,924 8.5% 31.9
Slide 10: 2025 Consolidated Income Statement
2025Consolidated Income Statement YEAR 2025 2024 YoY Operating Revenue 67,583,531 56,997,113 18.6% Gross Profit 8,651,757 7,722,225 12.0% Net Operating Income 4,460,178 3,943,393 13.1% Pre-tax Profit 5,463,305 4,729,456 15.5% Profit 4,192,029 3,665,091 14.4% Profit Attributable to shareholders of th
Slide 11: Earnings Per Share (by Quarter)
Earnings Per Share (by Quarter) EPS 7 6.36 6 5.75 5.41 4.96 4.92 4.93 4.84 4.91 4.78 5 4.25 4.11 4.07 4 3.63 3.69 3.38 3.26 3.48 3.36 2.99 2.87 3.02 3.11 3 2.51 2.5 2 1 0 2025 Q4 EPS：NT$ 6.36, up 10.6% QoQ and 31.4% YoY, a record high 11
Slide 12: Earnings Per Share (by Year)
Earnings Per Share (by Year) Earnings Per Share EPS 24 20 19.29 21.81 16 16.61 15.36 12 12.63 11.38 9.48 8 7.73 7.25 5.4 5.44 5.89 5.98 5.22 4 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 EPS： NT$ 21.81, up13.1% YoY, a record high 12
Slide 13: Profitability Ratios
Profitability Ratios Profitability 16 14 12 10 8 6 4 2 0 Unit：% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 毛利率 Gross Margin 12.9 12.35 11.79 12.36 11.9 12.22 12.32 13 13.55 12.8 營業費用率 Operating Expense Ratio 6.88 7.25 6.52 6.54 6.2 6.24 6.22 6.51 6.63 6.2 營業利益率 Operating Profit Margin 6.02 5.
Slide 14: Product Revenue Analysis and Breakdown
Product Revenue Analysis and Breakdown NT $ million 75,000 70,000 65,000 Others 其他 60,000 55,000 50,000 Green Energy 綠能循環 45,000 40,000 Optoelectronic 光電相關產品 35,000 Products 30,000 25,000 Environmental 工程與廠務系統 20,000 15,000 Engineering 10,000 半導體相關 5,000 Semiconductor 0 Products 2018 2019 2020 2021
Slide 15: Dividend Policy
Dividend Policy Dividend Policy 現金股利Cash Dividend 現金股利發放率 Payout Ratio 14 80 13.5 68.97 68.01 68.56 66.67 66.21 70.23 68.57 70.3 69.68 12 68.97 70 12 65.1 61.9 60.2 10 10 62.21 60 10 8.8 8 50 8 40 6.5 6 5.3 30 5 4.2 4 3.9 3.58 3.6 3.7 20 2 10 0 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202
Slide 16: Return on Equity
Return on Equity ROE % ROE 24.46 25 21.98 21.94 20.53 20.48 19.94 19.51 18.95 20 16.81 16.62 17.09 15.73 15.82 15 14.28 10 5 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Return on Equity (ROE)= Net Income / Shareholders' Equity 16
Slide 17: Service Location
Service Location 2024.10. TOPCO SCIENTIFIC KOREA CO.,LTD. Established 2024.7. Dallas Office Established 2026.1. TOPSCIENCE (THAILAND) CO., LTD. Established ▌Southeast Asia ▌East Asia ▌America Singapore Taiwan Taipei‧Hsinchu‧Taichung‧Tainan‧ Japan Tokyo·Kumamoto U.S.A. Vietnam Hanoi·Ho Chi Minh Kaohs
Slide 18: Recent Key Events
Recent Key Events 2026.01. TOPSCIENCE (THAILAND) CO., LTD. was Established. 2025.12. Partnered with National Tsing Hua University’s College of Semiconductor Research to strengthen industry-academia collaboration and cultivate semiconductor talent in Taiwan. 2025.04. TOPCO USA established a small-sca
Slide 19: Partnered with National Tsing Hua University's College of Semiconductor Research
Partnered with National Tsing Hua University's College of Semiconductor Research Strengthening industry-academia collaboration and cultivating semiconductor talent in Taiwan ◆ Donation of 3 Fab Models For Education and Outreach ◆ NT$15 Million Sponsorship Supporting National Tsing Hua University’s C
Slide 20: Teamed Up with Partners at SEMICON Japan 2025
Teamed Up with 9 Taiwanese, U.S., and Japanese Partners to Pursue New Business Opportunities at SEMICON Japan 2025 Showcase Highlights ◆ Front-end semiconductor manufacturing and high- performance power modules ◆Innovative materials and equipment for advanced packaging ◆Smart, energy-efficient monit
Slide 21: SEMICON China 2026
SEMICON China 2026 21
Slide 22: 2026 EXPO
2026 EXPO SEMICON SEMICON SEMICON China SEA Taiwan March 25-27, 2026 May 5-7, 2026 Sep 2-4, 2026 #7223, SNIEC, #2207, Hall 8, Level 2, TaiNEX, Taipei, Shanghai, China MITEC, Kuala Lumpur, Taiwan Malaysia SEMICON SEMICON WEST Japan Oct 13–15, 2026 Dec 9 - 11, 2026 Moscone Center, San Tokyo Big Sight,
Slide 23: 2025 Accomplishments
2025 Accomplishments CDP Climate Change CDP Supplier Engagement Top 5% in Corporate Asia-Pacific Taiwan Corporate Top 100 Model Rating Assessment A-List Governance Evaluation Sustainability Action Sustainability Action Sustainability Report Enterprise Award Leadership Bronze Award Gold Award Gold Aw
Slide 24: Group Vision
Group Vision Hi-Tech ◆ Growing demand for AI and HPC, along with recovery in consumer electronics market, is driving advanced process requirements in wafer foundries and expanding CoWoS capacity—set to further boost the semiconductor market. ◆ In response to the global supply chain diversification,
Slide 25: Thank You
WIss Thank You