AirTAC International Group (1590) Q4 2025 earnings summary

Executive summary

• Fourth quarter 2025 saw strong results with consolidated revenue of RMB 2.064 billion, up 21% year-on-year, and gross profit of RMB 980 million, up 25% year-on-year.

• Net profit for Q4 2025 was RMB 532 million, a 33% increase year-on-year, with EPS at NT$11.64.

• Full-year 2025 revenue reached RMB 7.931 billion, up 15% year-on-year, and net profit was RMB 1.941 billion, up 13% year-on-year.

• 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

• Q4 2025 gross margin was 47.5%, operating margin 31.3%, and net margin 25.8%.

• Full-year 2025 gross margin was 46%, operating margin 30%, and net margin 24.5%.

• 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.

• Basic earnings per share rose to $42.00 in 2025 from $38.12 in 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, with a dividend payout ratio rising to 65%.

• Management remains optimistic about demand recovery, especially in electronics, battery, and auto, expecting double-digit growth in these 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.