Grand Process Technology (3131) Q4 2025 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$6,514,495 thousand, up 60% year-over-year from NT$4,073,463 thousand.

• Net income attributable to owners was NT$1,327,396 thousand, a 57% increase from NT$845,447 thousand in the prior year.

• Gross margin decreased to 41% from 45% year-over-year, reflecting higher cost of goods sold.

• The group manufactures and sells semiconductor and integrated circuit equipment, parts, and related chemicals, with revenue recognized upon customer acceptance.

Financial highlights

• Operating income rose to NT$1,636,457 thousand, up 81% from NT$905,929 thousand year-over-year.

• Basic EPS was NT$45.48, up from NT$29.07; diluted EPS was NT$43.99, up from NT$29.00.

• Cash and cash equivalents at year-end were NT$2,544,629 thousand, down from NT$2,985,012 thousand.

• Total assets increased to NT$12,942,067 thousand from NT$10,359,784 thousand year-over-year.

• Total liabilities rose to NT$8,172,312 thousand from NT$5,785,744 thousand, mainly due to new convertible bonds and higher contract liabilities.

Outlook and guidance

• The board approved a cash dividend of NT$46 per share for 2024, pending shareholder approval.

• The group expects to continue optimizing its capital structure to support future working capital, capital expenditures, and dividend payments.