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CSBC (2208) investor relations material
CSBC Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue increased 50% year-over-year to $21.78 billion NTD, but net loss remained high at $2.26 billion NTD, though improved from $2.78 billion NTD in 2024.
Major capital increases and private placements in early 2024 strengthened the balance sheet, raising over $5.9 billion NTD.
Shipbuilding and vessel construction remain the core business, with three major customers accounting for 81% of 2025 revenue.
Financial highlights
Sales revenue: $21.78 billion NTD in 2025, up from $14.49 billion NTD in 2024.
Net loss: $2.26 billion NTD in 2025, improved from $2.78 billion NTD in 2024.
Basic loss per share: ($1.77) in 2025, compared to ($2.20) in 2024.
Gross margin remained negative at -10% in 2025, slightly better than -21% in 2024.
Total assets increased to $46.4 billion NTD, up from $34.0 billion NTD.
Outlook and guidance
Unfulfilled contract obligations reached $129.9 billion NTD, with revenue recognition expected through 2031.
Management expects continued revenue growth as large shipbuilding and EPC projects progress.
- Revenue declined sharply and losses narrowed, but financial risks and obligations remain high.2208
Q4 20245 Jun 2026 - Q1 2025 saw higher revenue but a deeper net loss, with major capital raises and a strong contract backlog.2208
Q1 20265 Jun 2026 - Revenue up, but losses deepen and gearing rises amid contract backlog and capital increases.2208
Q2 20255 Jun 2026 - Net loss widened to NT$2.47 billion despite higher revenue and major capital increases.2208
Q3 20255 Jun 2026
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