Slide 1: 2025 Second Quarter Earnings Conference
Stock Code: 6643 TT 2025 Second Quarter Earnings Conference August 6th, 2025 1
Slide 2: Agenda
Agenda • Welcome Silvia Su, Spokesperson • 2Q25 Financial Results Silvia Su, Spokesperson • Outlook & Key Messages Scott Chang, CEO • Q&A Scott Chang, CEO 22
Slide 3: Safe Harbor Notice
Safe Harbor Notice • M31’s statements of its current expectations are forward- looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Except as required by law, we undertake no obligation to
Slide 4: 2Q25 Financial Results
2Q25 Financial Results M31 Technology Corporation. Proprietary and Confidential 4
Slide 5: 2Q25 Statements of Comprehensive Income
2Q25 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2Q25 2Q25 (In NT$ thousands unless 2Q25 1Q25 2Q24 over over otherwise noted) 1Q25 2Q24 Net Revenue (US$ thousands) 14,711 13,370 13,248 +10.0% +11.0% Net Revenue 448,722 434,525 429,383 +3.3% +4.5% Gross M
Slide 6: 1H25 Statements of Comprehensive Income
1H25 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1H25 (In NT$ thousands unless 1H25 1H24 over otherwise noted) 1H24 Net Revenue (US$ thousands) 28,081 24,153 +16.3% Net Revenue 883,247 771,448 +14.5% Gross Margin 100% 100% Operating Expenses (836,413) (6
Slide 7: 2Q25 Balance Sheets
2Q25 Balance Sheets Selected Items from Balance Sheets 2Q25 1Q25 2Q24 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 497,063 24% 573,295 28% 842,022 35% Accounts Receivable 337,669 16% 263,250 13% 363,123 15% Other current assets 323,071 16% 317,548 15% 283,609 11% Net PP
Slide 8: 2Q25 Cash Flow
2Q25 Cash Flow (In NT$ thousands) 2Q25 1Q25 2Q24 6 Months Ended 3 Months Ended 6 Months Ended Beginning Balance 529,011 529,011 849,121 Cash generated from operating activities (152,274) (121,896) (131,347) Cash used in investing activities (33,440) (16,993) (152,847) Cash generated from/(used in) f
Slide 9: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential 9
Slide 10: Revenue by Income Source
2Q25 Revenue by Income Source • Our royalty ratio in 2Q25 was 10%, the lowest in the past five quarters, primarily due to a significant increase in license revenue, which diluted the proportion of royalties. • In 1H25, our royalty revenue increased by 19% compared to 1H24. 100% 100% 10% 16.4% 14.5%
Slide 11: Revenue by Region
2Q25 Revenue by Region • In 2Q25, the main revenue contribution came from Taiwan, reaching 39%, which was also the highest level in five consecutive quarters. • In 1H25, our revenue was evenly distributed across China, USA, and Taiwan, with each region accounting for approximately 30% of the total.
Slide 12: Revenue by Customer Type
2Q25 Revenue by Customer Type • The foundry segment continued to grow, accounting for more than half of the total in 2Q25 at 54.8%, marking the highest level in the past five quarters. • In 1H25, the revenue split between Fabless and Foundry was approximately 50:50. 100% 100% 14.0% 33.2% 31.9% 80% 3
Slide 13: Fabless License Fee by Nodes
2Q25 Fabless License Fee by Nodes • In 2Q25, the majority of fabless license fee contributions came from customers in 22–28nm and 40–65nm nodes, which together accounted for 67.7%, while sub-16nm customers contributed only around 30%. • Since 2023, the fabless license fee ratio for 2-8nm has shown a
Slide 14: Foundry License Fee by Nodes
2Q25 Foundry License Fee by Nodes • New foundry platform projects below 8nm were launched in both 1Q25 and 2Q25. As a result, foundry license fees from sub-8nm nodes exceeded 60% for two consecutive quarters. • Since 2023, the foundry license fee below 16nm has taken effect, with the proportion reac
Slide 15: M31 Customers & Partners
M31 Customers & Partners Region Fabless Foundry Total China 242 8 250 USA 74 2 76 Taiwan 71 5 76 Korea 12 3 15 Japan 8 0 8 Eurasia 22 2 24 Others 2 0 2 ＊Our IP solutions are adopted by leading foundries and fabless worldwide. Total 431 20 451 ＊Customer numbers by region and business type till 1H25.
Slide 16: M31 Licenses
M31 Licenses 2000 No. of Cumulative Licenses of the Previous Yeas 97 1500 218 No. of New Licenses in the Corresponding Period 214 225 1000 241 1646 1428 194 1214 500 174 989 748 147 554 112 380 70 233 51 121 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2012 2013 2014 2015
Slide 17: Recap of 1H25 Operating Result (1/2)
Recap of 1H25 Operating Result (1/2) 1H25 revenue reached US$28.1M, up mid-teens YoY. However, with USD-denominated revenue, a lean equity base, and high operating leverage, rapid NTD appreciation and an NT$81M FX loss significantly weighed on profitability, leading to an EPS of –NT$0.51. Licensing:
Slide 18: Recap of 1H25 Operating Result (2/2)
Recap of 1H25 Operating Result (2/2) In 1H25, foundry revenue grew over 50% YoY, driven by 6nm-and-below advanced process platform along with automotive-grade IP solutions. In 2H25, fabless momentum is expected to strengthen as more U.S. and Chinese chip design projects ramp up. Foundries: ➢ We stre
Slide 19: M31 Future Prospects
M37 Future Prospects a" (ZB M31 M31 Technology.Corporation. Proprietary and Confidential 19
Slide 20: Thank You
Your IP Partner Your Virtual Team Thank You 20