Holy Stone Enterprise Co., Ltd. · TWSE:3026
Holy Stone Enterprise — FY2025 Earnings Presentation
24 slides from Holy Stone Enterprise's earnings presentation, Mar 24, 2026
Slide 1: 2025 Operational Result Investor Conference
Holy Stone Enterprise Co., Ltd. 2025 Operational Result Investor Conference 2026/03/24 A PARTNER YOU CAN TRUST ｜ www.holystone.com.tw
Slide 2: Disclaimer
Disclaimer｜ The presentation and discussion contain current operational results, financial status and certain forward-looking statements. The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual results to differ materially from those expressed
Slide 3: Meeting Agenda
Meeting Agenda｜ ①Company Profile ②Recent Operating Result ③Q & A
Slide 4: Company Profile
Company Profile｜ Capital Stock: NT$1.66 Billion Headquarter: Taipei, Taiwan Plant Site: Longtan and Yilan, Taiwan；Hokkaido, Japan Employee Number: 994 for Parent Company (2025.12.31) Product Line: Passive Components, Active Components, System & Module, and Others
Slide 5: Company Profile: Business locations
Company Profile｜ Business locations UK China Norwich Beijing, Shanghai, Nanjing, Wuhan, Guangzhou, Xiamen, Dongguan, Suzhou, Wenzhou, Shenzhen, Ningbo, Chongqing, Hongkong Japan Hokkaido USA Singapore California Taiwan Plant Taipei(HQ) Taoyuan Taichung Yilan Kaohsiung
Slide 6: Operating Result: Consolidated Revenue by Territory
Operating Result｜ Consolidated Revenue by Territory 9% 11% 11% 10% 2% 2% 2% 2% 19% 17% 23% 2% 21% 22% 16% China 72% 66% 64% 66% 63% Taiwan USA Others 2021 2022 2023 2024 2025
Slide 7: Consolidated Income Statement (by Quarter)
Earnings Performance ｜ Consolidated Income Statement (by Quarter) In NT$ Millions 2025.10~12 2025.7~9 2024.10~12 QoQ YoY Net Sales $3,320 $3,433 $3,196 -3% 4% Gross Margin 17.6% 18.2% 15.1% -3% 17% Operating Express 392 356 371 10% 6% Operating Income 193 268 113 -28% 70% Operating Margin 5.8% 7.8%
Slide 8: Consolidated Income Statement (by Year)
Earnings Performance ｜ Consolidated Income Statement (by Year) In NT$ Millions 2025 2024 Growth Rate (YoY) Net Sales $13,427 $12,786 5% Gross Margin 18.8% 16.3% 15% Operating Express 1,442 1,468 -2% Operating Income 1,078 621 74% Operating Margin 8.0% 4.9% 65% Non-operating Items 113 482 -77% Net In
Slide 9: Consolidated Balance Sheet
Earnings Performance ｜ Consolidated Balance Sheet In NT$ Millions 2025.12.31 2025.09.30 2024.12.31 Cash and Cash Equivalents $4,619（29%） $4,395（29%） $4,502（29%） Accounts Receivable 3,784（24%） 3,661（23%） 3,087（20%） Inventory 2,156（14%） 2,051（14%） 2,575（16%） TOTAL ASSETS 16,188（100%） 15,615（100%） 15,8
Slide 10: Consolidated Cash Flow Statement
Earnings Performance ｜ Consolidated Cash Flow Statement In NT$ Millions 2025 2024 Income before Income Tax $1,191 $1,103 Net cash generated from operating activities 1,080 1,611 Net cash generated from (used in) investing activities (253) 146 Acquisition of property, plant and equipment (include pre
Slide 11: Sales by Product: Yearly Trend
Sales by Product｜ Yearly Trend 100% 15% 19% 22% 22% 21% 80% 22% 18% 16% 17% 14% 60% 37% 38% 38% 39% 42% Active Components 40% Passive Components 20% System & Module 26% 25% 24% 22% 23% Others 0% 2021 2022 2023 2024 2025
Slide 12: AI application in Passive Component revenue: Yearly Trend
AI application in Passive Component revenue｜ Yearly Trend 8,000 50% 7,000 45% 5,672 40% 6,000 5,024 5,004 35% 5,000 30% 4,000 25% Passive Components 3,000 revenue (In NT$ Million) 19% 20% AI application ratio 2,000 15% 1,000 11% 10% 8% 0 0 2023 2024 2025 2026(F)
Slide 13: MLCC in AC
The AI computing power revolution is giving rise to an AC application revolution for MLCC.｜ MLCC in DC MLCC in AC PC/MB Networking NB Smart Phone DC to High Voltage Sine Wave 2020 2024 2026 2030 Server Power AI Server Power
Slide 14: From 10kW to 1000kW, AI power driving electricity demand upgrade
From 10kW to 1000kW, AI power is driving a comprehensive upgrade in electricity demand｜ 800V | HVDC 1,200 Rubin Ultra 1000KW+ 1,000 800 600 400 Vera Rubin 200KW+ Blackwell Ultra Blackwell 150KW 200 Ampere Hopper 120KW Unit : KW 10KW 40KW 0 2020 2022 2024 2025 2026 2027 Source : NVIDIA
Slide 15: Third-Generation Semiconductor-Driven Power Supply Revolution
The Third-Generation Semiconductor-Driven Power Supply Revolution: Simultaneous Leap in Efficiency and Power｜ Technology-driven: Efficiency Core: From semiconductor evolution to surging The High-Power Advantage of LLC power growth Resonant Circuits Extremely high Excellent wide efficiency and high v
Slide 16: Custom-designed NP0 for AI server power and BBU
Custom-designed low-loss, high-voltage, high-capacitance NP0 specifically for AI server power and BBU usage scenarios｜ Customized low-loss (NP0) Quantity Major market suppliers Server power NVIDIA High voltage, high used per AI Server Power Year supply Rack voltage Major global CSP GPU Model capacit
Slide 17: AI server demand is surging
AI server demand is surging: the market size is expected to grow more than threefold over the next five years｜ Global high-end AI servers Global AI servers will grow will grow by 51% in 2026 by 354% from 2025 to 2030 2500 180 160 140 2000 120 1500 100 80 1000 60 40 500 20 Unit：KUnit Unit：GW 0 0 2022
Slide 18: MLCC in DC: Physical AI as future computing demand source
Physical AI will become the primary source of future computing power demand｜ MLCC in DC MLCC in AC AI SERVER BBU Humanoid robot 2020 2024 2026 2030
Slide 19: 100–150V DC high-capacitance X7*, X8* new growth cycle
100–150V DC high-voltage, high-capacitance, high- temperature X7*, X8* are entering a new wave of growth cycle｜ Maximum Single High temperature App. MLCC operating Application model TCC Volta Reference material temperatu scenarios Usage ge specifications re quantity X7* 125℃ AI BBU/CBU 48V 1206 X7*
Slide 20: 100–150V DC high-capacitance X7*, X8* new growth cycle
100–150V DC high-voltage, high-capacitance, high- temperature X7*, X8* are entering a new wave of growth cycle｜ Quantity used NVIDIA AI server Application Year TCC 100V DC MLCC Reference ingredients per single GPU Models applications voltage cabinet 2022 1206 X7* 4.7uF 100V 3000~5000 PSU 48~54V 1210
Slide 21: AI applications are shaping the next trillion-dollar market
AI applications are shaping the next trillion-dollar market｜ 2025–30 AI servers will 2025–30 Humanoid robots grow at a CAGR of 38.7% will grow at a CAGR of 87.9% 900 600 800 500 700 600 400 500 300 400 300 200 200 100 100 0 0 Unit：BUSD 2025 2026 2027 2028 2029 2030 Unit：MUSD 2025 2026 2027 2028 2029
Slide 22: Recent Operating Events
Recent Operating Events ｜ Benefiting from the rapid growth in AI demand, the company’s operational momentum continues to strengthen, with a strategic focus on AI Server Power as its core development direction. As AI Server Power architectures advance toward 800V HVDC, customized, low- loss, high-vol
Slide 23: Q&A Thank you for listening!
Q&A Thank you for listening! If you have any questions, please drop us an e-mail at IR@holystone.com.tw, and we will get back to you shortly.
Slide 24: A PARTNER YOU CAN TRUST ｜ www.holystone.com.tw
A PARTNER YOU CAN TRUST ｜ www.holystone.com.tw