4Q25 Results Conference
Mar. 10, 2026
Agenda
4Q25/2025 Financial & Operating
Results
Business Outlook
Commitment to ESG
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4Q25/2025 Financial & Operating Results
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4Q25 Consolidated Income Statement
One-time capacity consolidation expense excluded | ||||||||||||
NT$ Million | 4Q25 | % | 4Q25 | % | 3Q 2025 | % | QoQ % | QoQ % | 4Q 2024 | % | YoY % | YoY % |
Net Sales | 23,077 | 100.0 | 23,077 | 100.0 | 24,808 | 100.0 | -7.0 | -7.0 -18.2 -17.4 -178.8 -42.1 -48.0 -47.9 | 26,237 | 100.0 | -12.0 | -12.0 -24.5 -21.9 -131.7 -54.6 -55.1 -54.9 |
COGS | (19,210) (83.2) | (19,210) | (83.2) | (20,081) | (80.9) | (21,117) (80.5) | ||||||
Gross Profit | 3,867 | 16.8 | 3,867 | 16.8 | 4,727 | 19.1 | -18.2 | 5,120 | 19.5 | -24.5 | ||
Operating | (2,316) | (10.0) | (1,919) | (8.3) | (2,369) | (9.6) | (2,625) | (10.0) | ||||
Expense | ||||||||||||
Operating Profit | 1,551 | 6.7 | 1,948 | 8.4 | 2,358 | 9.5 | -34.2 | 2,495 | 9.5 | -37.8 | ||
Non-Operating | (380) | (1.6) | (336) | (1.5) | 426 | 1.7 | 1,061 | 4.0 | -135.8 | |||
Income1 | ||||||||||||
Profit Before | 1,172 | 5.1 | 1,613 | 7.0 | 2,784 | 11.2 | -57.9 | 3,555 | 13.6 | -67.0 | ||
Tax | ||||||||||||
Tax | (177) | (0.8) | (288) | (1.2) | (286) | (1.2) | (700) | (2.7) | ||||
Net Income | 754 | 3.3 | 1,085 | 4.7 | 2,086 | 8.4 | -63.9 | 2,416 | 9.2 | -68.8 | ||
After Tax EPS | 1.04 | 1.50 | 2.87 | -63.8 | 3.32 | -68.7 | ||||||
Profit Margins | ||||||||||||
GPM | 16.8% | 16.8% | 19.1% | -2.3ppt | -2.3ppt | 19.5% -2.7ppt | -2.7ppt | |||||
OPM | 6.7% | 8.4% | 9.5% | -2.8ppt | -1.1ppt | 9.5% -2.8ppt | -1.1ppt | |||||
NPM | 3.3% | 4.7% | 8.4% | -5.1ppt | -3.7ppt | 9.2% -5.9ppt | -4.5ppt | |||||
Note 1: Dongguang capacity consolidation incurred a one-time expense of 397M administrative expense and 44M impairment loss.
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2025 Consolidated Income Statement
One-time capacity consolidation expense excluded | ||||||||
NT$ Million | 2025 | % | 2025 | % | 2024 | % | YoY % | YoY% |
Net Sales | 95,661 | 100.0 | 95,661 | 100.0 | 101,478 | 100.0 | -5.7 | -5.7 -15.8 -18.9 -59.8 -28.1 -23.5 -23.5 |
COGS | (78,416) | (82.0) | (78,416) | (82.0) | (81,009) | (79.8) | ||
Gross Profit | 17,244 | 18.0 | 17,244 | 18.0 | 20,470 | 20.2 | -15.8 | |
Operating Expense | (9,273) | (9.7) | (8,876) | (9.3) | (10,157) | (10.0) | ||
Operating Profit | 7,971 | 8.3 | 8,368 | 8.7 | 10,313 | 10.2 | -22.7 | |
Non-Operating Income1 | 1,154 | 1.2 | 1,198 | 1.3 | 2,983 | 2.9 | -61.3 | |
Profit Before Tax | 9,125 | 9.5 | 9,566 | 10.0 | 13,296 | 13.1 | -31.4 | |
Tax | (1,470) | (1.5) | (1,580) | (1.7) | (2,592) | (2.6) | ||
Net Income | 6,585 | 6.9 | 6,916 | 7.2 | 9,045 | 8.9 | -27.2 | |
After Tax EPS | 9.05 | 9.50 | 12.43 | -27.2 | ||||
Profit Margins | ||||||||
GPM | 18.0% | 18.0% | 20.2% | -2.2ppt | -2.2ppt | |||
OPM | 8.3% | 8.7% | 10.2% | -1.9ppt | -1.5ppt | |||
NPM | 6.9% | 7.2% | 8.9% | -2.0ppt | -1.7ppt | |||
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4Q25 Consolidated Balance Sheet
Healthy Balance Sheet with NT$12.4B Net Cash; Debt Ratio 48%
NT$ Million | 4Q25 % | 3Q25 | % | 4Q24 | % |
Cash & Equivalent | 21,360 21.1 | 18,657 | 18.7 | 26,185 | 24.9 |
Accounts Receivable | 22,128 21.9 | 24,390 | 24.4 | 24,574 | 23.3 |
Inventories | 16,465 16.3 | 16,662 | 16.7 | 16,562 | 15.7 |
Current Assets | 73,394 72.7 | 73,122 | 73.1 | 78,817 | 74.8 |
Total Assets | 100,995 100.0 | 100,020 | 100.0 | 105,370 | 100.0 |
Short Term Debt | 8,702 8.6 | 9,270 | 9.3 | 6,251 | 5.9 |
Current Portion of long-term liabilities | 67 0.1 | 64 | 0.1 | 31 | 0.0 |
Accounts Payable | 21,818 21.6 | 23,761 | 23.8 | 23,828 | 22.6 |
Current Liabilities | 48,019 47.5 | 50,561 | 50.6 | 50,293 | 47.7 |
Long Term Debt | 151 0.1 | 159 | 0.2 | 134 | 0.1 |
Total Liability | 48,709 48.2 | 51,362 | 51.4 | 51,160 | 48.6 |
Equities | 52,286 51.8 | 48,657 | 48.6 | 54,210 | 51.4 |
Book Value Per Share | 60.92 | 56.72 | 63.45 | ||
Net Cash | 12,439 | 9,165 | 19,769 | ||
Current ratio (X) | 1.53 | 1.45 | 1.57 | ||
Debt Ratio | 48% | 51% | 49% | ||
7
Continue Delivering Solid Revenue Growth
Secure resources for global top tier customers, with a balanced and diversified product portfolio
(NT$ mn)
77,018 78,156
87,260
+2.4%
CAGR
92,552 95,082
107,474
115,748
98,323 101,478
95,661
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
*Organic Growth
8
Business Outlook
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February Revenue was NT$6.4B YTD Revenue was NT$14.1B
NT$M
9,000
8,000
2025 20267,000
6,000
5,000
4,000
3,000
2,000
1,000
0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 |
2025 | 7,518 | 7,291 | 8,473 | 8,025 | 8,124 | 8,346 | 8,041 | 8,483 | 8,284 | 7,432 | 7,735 | 7,910 |
2026 | 7,695 | 6,373 |
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80% Dividend Payout Ratio for 2025 Earnings
Earnings Per Share Dividend Per Share Dividend Payout %
81%
75%
73%
70%
71%
70%
73%
75%
80%
80%
12.43
8.45
7.80
8.71
10.26 10.35
7.50
7.80
10.00
9.05
7.20
5.24
4.25
5.92
4.45
5.22
3.80
5.90
5.50
6.10
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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Realize Sustainable Growth in the Tech Space
Commitment to ESG12
Actively Facilitate ESG Development
Our Sustainability Targets & ESG Results
Science-Based Targets by 2030 Officially approved by SBTi in September 2022 Scope 1+2 emission target: 56.8% reduction
Greenhouse gas emission intensitydecreased from 1.48 in 2020 to 0.52 in 2025,down 65%, well ahead of targetScope 3 emission target: 44.2% reduction
Greenhouse gas emission decreased51% from 2020 to 2025Join RE100
We promised to use 100% renewable electricity by 2030
Chicony used 58% renewable energyin 2025
Net Zero by 2050
Committed to cutting greenhouse gas emissions to zero by 2050
Corporate Governance TSEC Review for
Listed and OTC Companies
Ranked among top 6~20% in the 2024 review of corporate governance of listed and OTC companies
Diversified and Equal Opportunities
In 2025, the percentage of our worldwide female employees was 59.16%
In 2025, the percentage of female managerial personnel was 15.98%
Water Conservation
Total water withdrawal intensity decreased from 0.0257
in 2021 to 0.019 in 2025, down by 26%
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Thank You!Provide Customer Satisfaction | Ensure Welfare of Employees Create Company Development | Shape Good Human Relations
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