Aero Win Technology (8222) Q4 2025 earnings summary

Executive summary

• Revenue increased 17% year-over-year to NT$961 million in 2025, driven by strong export sales.

• Net profit dropped sharply to NT$37 million from NT$102 million in 2024, mainly due to higher costs and lower gross margin.

• The audit identified revenue recognition from main export customers as a key audit matter due to its significant impact and inherent risk.

Financial highlights

• Operating revenue: NT$961 million in 2025, up from NT$824 million in 2024.

• Gross profit: NT$178 million (19% margin) in 2025, down from NT$185 million (23% margin) in 2024.

• Net profit: NT$37 million in 2025, down from NT$102 million in 2024.

• Basic EPS: NT$0.55 in 2025, down from NT$1.49 in 2024.

• Cash and cash equivalents at year-end: NT$179 million.

Outlook and guidance

• The board resolved to issue NT$400 million in domestic secured convertible bonds post-year-end to repay bank borrowings.

• Adoption of new IFRS standards is not expected to materially impact financials.