Chunghwa Precision Test Tech (6510) Q4 2025 earnings summary

Executive summary

• 4Q25 net revenue reached NT$1,196 million, down 7% year-over-year and 4% sequentially from 3Q25.

• Consolidated financial statements for 2025 and 2024 were audited and present fairly in all material respects in accordance with IFRS and local regulations.

• Revenue primarily derives from semiconductor testing components, printed circuit boards, and related services.

• The accuracy of revenue recognition timing, especially for consigned inventory, was a key audit matter.

• EPS for 4Q25 was NT$8.68, a decrease of NT$1.15 year-over-year but an increase of NT$0.27 quarter-over-quarter.

Financial highlights

• Net revenue increased to $4,806,013 thousand in 2025, up 33% year-over-year from $3,604,674 thousand.

• Net income rose to $986,391 thousand in 2025, a 103% increase from $484,871 thousand in 2024.

• Gross margin for 4Q25 was 56.0%, up 0.3 percentage points year-over-year.

• Operating margin for 4Q25 was 27%, matching the margin from 4Q24.

• Cash and cash equivalents at year-end 2025 were $4,003,824 thousand, up from $3,092,974 thousand.

Outlook and guidance

• The worldwide semiconductor market is projected to grow at a 17.7% CAGR from 2024 to 2028.

• The MEMS probe card market is expected to see a 9.1% CAGR over the same period.

• Fab III project milestones include ground-breaking in 1H26 and opening in 2H28.

• New IFRS standards effective from 2026 and 2028 are not expected to have significant impact.

• Proposed 2025 cash dividend is NT$15.3 per share, pending shareholder approval.