Slide 1: 2025 Third Quarter Earnings Conference
Stock Code: 6643 TT 2025 Third Quarter Earnings Conference November 5th, 2025 1
Slide 2: Agenda
Agenda • Welcome Silvia Su, Spokesperson • 3Q25 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: 3Q25 Financial Results
3Q25 Financial Results M31 Technology Corporation. Proprietary and Confidential 4
Slide 5: Statements of Comprehensive Income
3Q25 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 3Q25 3Q25 (In NT$ thousands unless 3Q25 2Q25 3Q24 over over otherwise noted) 2Q25 3Q24 Net Revenue (US$ thousands) 11,805 14,711 11,858 -19.8% -0.4% Net Revenue 354,672 448,722 381,878 -21.0% -7.1% Gross M
Slide 6: Balance Sheets
3Q25 Balance Sheets Selected Items from Balance Sheets 3Q25 2Q25 3Q24 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 462,900 24% 497,063 24% 506,626 24% Accounts Receivable 261,508 14% 337,669 16% 381,166 18% Other current assets 303,190 16% 323,071 16% 281,968 13% Net PP
Slide 7: Cash Flow
3Q25 Cash Flow (In NT$ thousands) 3Q25 2Q25 3Q24 9 Months Ended 6 Months Ended 9 Months Ended Beginning Balance 529,011 529,011 849,121 Cash generated from operating activities (97,259) (152,274) (137,034) Cash used in investing activities 74,505 (33,440) (78,600) Cash generated from/(used in) finan
Slide 8: Operating Result
Operating Result M31 Technology Corporation. Proprietary and Confidential 8
Slide 9: Revenue by Income Source
3Q25 Revenue by Income Source • Royalty revenue rose to 22% in 3Q25, representing a 80% increase QoQ, primarily reflecting weaker license fee performance during the quarter. • Since 2023, the revenue mix between royalty and license has remained relatively stable at around 17:83. • As of 3Q25, our ro
Slide 10: Revenue by Region
3Q25 Revenue by Region • In 3Q25, China was our largest revenue source, contributing 41.4%, and has shown consistent growth for three consecutive quarters. • Since 2023, USA revenue has steadily increased from 13% to 25.5%. • As of 3Q25, our revenue was evenly distributed across China, Taiwan, and U
Slide 11: Revenue by Customer Type
3Q25 Revenue by Customer Type • The foundry segment continued to grow, accounting for more than half of the total in 3Q25 at 58.3%, marking the highest level in the past five quarters. • As of 3Q25, the revenue split between Fabless and Foundry was approximately 50:50. 100% 100% 14.0% 31.9% 80% 37.5
Slide 12: Fabless License Fee by Nodes
3Q25 Fabless License Fee by Nodes • In 3Q25, the majority of fabless license fee contributions came from customers in 22–28nm, which accounted for 55.8%, while sub-16nm customers contributed only 34.3%. • Since 2023, the fabless license fee ratio for 2-8nm has shown a notable upward trend, increasin
Slide 13: Foundry License Fee by Nodes
3Q25 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. • In 3Q25, several new foundry platform projects at 40nm and 90nm were initiated, driving
Slide 14: M31 Customers & Partners
M31 Customers & Partners Region Fabless Foundry Total China 246 8 254 USA 74 2 76 Taiwan 72 5 77 Korea 12 3 15 Japan 8 0 8 Eurasia 22 3 25 Others 2 0 2 ＊Our IP solutions are adopted by leading foundries and fabless worldwide. Total 436 21 457 ＊Customer numbers by region and business type till 3Q25.
Slide 15: M31 Licenses
M31 Licenses 2000 No. of Cumulative Licenses of the Previous Yeas 150 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 16: Recap of 3Q25 Operating Result (1/2)
Recap of 3Q25 Operating Result (1/2) 3Q25 revenue was US$11.8 million, down 0.4% YoY and 19.8% QoQ, primarily due to deferred project launches from U.S. and European fabless customers, as well as increased design complexity at sub-5nm nodes, which extended development cycles and delayed revenue reco
Slide 17: Recap of 3Q25 Operating Result (2/2)
Recap of 3Q25 Operating Result (2/2) As of 3Q25, foundry revenue grew over 50% YoY, driven by 6nm-and-below platforms across regions. Despite a nearly 20% YoY decline in fabless revenue, strong sub-5nm demand and new 2nm projects reflect solid engagement with leading chipmakers. Foundries: ➢ We stre
Slide 18: M31 Future Prospects
M37 Future Prospects a" (ZB M31 M31 Technology.Corporation. Proprietary and Confidential 18
Slide 19: Thank You
Your IP Partner Your Virtual Team Thank You 19