Browave (3163) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements for 2025 and 2024 were audited with an unqualified opinion, confirming fair presentation in accordance with IFRS and local regulations.

• The group operates primarily in the design, production, and sales of optical fiber communication components, with shares listed on the Taipei Exchange.

• All subsidiaries are fully consolidated, with no significant non-controlling interests or restrictions.

Financial highlights

• Operating revenue for 2025 was $2,225,651 thousand NTD, up 15% year-over-year from $1,941,270 thousand NTD.

• Net profit for 2025 was $501,149 thousand NTD, a 8% increase from $463,068 thousand NTD in 2024.

• Basic EPS rose to $6.22 in 2025 from $5.75 in 2024.

• Gross margin improved to 18% in 2025 from 14% in 2024.

• Cash and cash equivalents at year-end 2025 were $629,133 thousand NTD, down from $954,759 thousand NTD in 2024.

Outlook and guidance

• The board resolved a 2025 dividend of $1.75 per share in cash and $1.75 per share in stock, subject to shareholder approval.

• The company continues to monitor IFRS changes, with no significant impact expected from new standards.