AirTAC International Group (1590) Q4 2025 earnings summary

Executive summary

• Fourth quarter 2025 revenue reached RMB 2.064 billion, up 21% year-over-year, with gross profit up 25% and operating income up 35%.

• Net profit for Q4 2025 was RMB 532 million, a 33% increase year-over-year; full-year net profit was RMB 1.941 billion, up 13%.

• Annual revenue for 2025 was RMB 7.931 billion, a 15% increase year-over-year, with gross margin at 46%.

• Consolidated financial statements for 2025 and 2024 were audited and found to present fairly in accordance with IFRS and local regulations.

• The Group operates primarily in pneumatic components, with significant sales through both direct and distributor channels.

Financial highlights

• Operating revenue for 2025 was $34,329,945 thousand, up 12% year-over-year from $30,660,133 thousand.

• Net profit for 2025 was $8,399,832 thousand, a 10% increase from $7,623,278 thousand in 2024.

• Q4 2025 gross margin was 47.5%; operating margin was 31.3%.

• Full-year 2025 EPS was NTD 42; Q4 EPS was NTD 11.64.

• Total assets at year-end 2025 were $57,540,184 thousand, nearly unchanged from 2024.

Outlook and guidance

• 2026 revenue growth is guided at over 10%, with OP margin expected at 31%.

• CapEx for 2026 projected at NTD 2–3 billion; dividend payout ratio to rise to 65%.

• Management remains optimistic for 2026, expecting continued recovery in manufacturing and positive growth in electronics, battery, auto, and traditional sectors.

• Adoption of new IFRS standards is not expected to materially impact financial position or performance.

• Linear guide business expected to recover in 2026, with utilization rate targeted at 50% in the second half.