Formosa Plastics (1301) Q4 2025 earnings summary

Executive summary

• Report covers parent company only financials for the years ended December 31, 2025 and 2024, audited by KPMG, with an unqualified opinion.

• Key audit matters: accuracy of revenue recognition timing and valuation of inventories, both requiring significant management judgment.

• Significant non-operating losses from equity-method investees and foreign exchange losses impacted results.

Financial highlights

• Operating revenue for 2025 was NT$126.5 billion, down 13% year-over-year.

• Net loss for 2025 was NT$10.05 billion, compared to a net loss of NT$1.23 billion in 2024.

• Gross profit margin declined to 5% in 2025 from 7% in 2024.

• Basic loss per share was NT$1.58 in 2025, compared to NT$0.19 in 2024.

• Total assets increased to NT$522.0 billion at year-end 2025, up from NT$460.4 billion in 2024.

Outlook and guidance

• Adoption of new IFRS standards is not expected to have a significant impact.

• Management continues to monitor market and regulatory changes, including global minimum tax and carbon fee provisions.