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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.
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Q4 2025 earnings summary20 May, 2026

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.

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