Chroma ATE (2360) Q4 2025 earnings summary

Executive summary

• Consolidated sales reached NT$28.3 billion in 2025, up 31% year-over-year, with net income of NT$11.9 billion and EPS of NT$27.70, both more than doubling from 2024.

• Fourth quarter 2025 sales hit a record NT$8.58 billion, up 34% quarter-over-quarter and 42% year-over-year, with net income of NT$2.65 billion.

• Test Instruments & ATS and Semiconductor/Photonics segments posted strong growth, driven by AI, EV/ESS, and advanced semiconductor demand.

• Financial statements for 2025 received an unmodified audit opinion, confirming compliance with IFRS and local regulations.

Financial highlights

• Gross margin for 2025 was 61%, up from 59% in 2024; operating income rose 68% year-over-year to NT$9.2 billion.

• Net operating revenue was NT$28,310,935 thousand, up 31% year-over-year.

• Free cash flow increased 131% year-over-year to NT$6.7 billion.

• Return on equity improved to 29% in 2025, up from 22% in 2024.

• Basic EPS for 2025 was NT$27.70, up 122% year-over-year.

Outlook and guidance

• Strong order book and continued growth expected in AI server power, HVDC, ESS, and advanced semiconductor markets for 2026.

• Ongoing assessment and preparation for new IFRS standards, with no material impact expected.