Delta Electronics (Thailand) (DELTA) H2 2025 earnings summary

Executive summary

• Fiscal year 2025 closed with revenue of $6.025 billion, up 30.9% year-on-year, and net profit of $754 million, up 42.4%, driven by digitization, AI, and decarbonization demand.

• Growth was supported by a balanced product mix, disciplined cost management, and a resilient supply chain amid global tech sector challenges.

• Continued focus on AI, energy transition, and smart infrastructure for next phase growth.

Financial highlights

• Full year 2025 revenue: $6.025 billion, up 30.9% year-on-year; net profit: $754 million, up 42.4% year-on-year.

• Q4 2025 production revenue increased 11% quarter-over-quarter; overall revenue exceeded expectations, achieving 127% of budget.

• Building automation revenue in Thailand grew 160% year-on-year; India's Q4 revenue up 15% year-on-year.

• Industrial and medical business revenue in Europe and US grew 25.4% year-on-year in 2025.

• Q4 2025 gross profit was THB 16.5 billion (28.5% margin), up 75.5% year-on-year; FY2025 gross profit was THB 53.6 billion (27.1% margin), up 32.4% year-on-year.

Outlook and guidance

• Global GDP growth forecast at 3.3% for 2025 and 2026; Thailand GDP growth at 1.5% in 2026 and 2.3% in 2027.

• Double-digit growth expected for 2026, driven by AI data center infrastructure projects and strong customer forecasts.

• Q1 2026 expected to be busy with strong growth momentum continuing through the year.