Nan Ya Plastics (1303) Q3 2025 earnings summary

Executive summary

• Market capitalization reached NT$329.1 billion as of October 2025, up from NT$259.6 billion in 2024, reflecting business growth.

• Revenue for the nine months ended September 30, 2025 was $195,445,091 thousand, up 2% year-over-year, while net profit attributable to owners was $2,976,044 thousand, down from $3,041,947 thousand in 2024.

• Maintains leading market positions in plastics processing, copper foil, epoxy resin, and electronic glass fiber yarn.

• Operates 101 plants worldwide with 29,108 employees, highlighting global scale.

• Comprehensive income swung to a gain of $13,965,018 thousand from a loss of $12,335,136 thousand in the prior year, mainly due to positive other comprehensive income.

Financial highlights

• 3Q25 consolidated revenue was NT$64.2 billion, down year-over-year and quarter-over-quarter due to lower orders in the US and competitive pricing from Asia.

• Operating profit in 3Q25 rose year-over-year, driven by AI-related demand, but declined sequentially due to inventory buildup and price competition.

• Pre-tax income in 3Q25 increased both YoY and QoQ, supported by higher equity income and favorable foreign exchange gains.

• EPS for 3Q25 was NT$0.41, the highest in eight quarters, boosted by strong electronic materials and equity investee performance.

• Cash and cash equivalents at September 30, 2025 were $55,244,544 thousand, down from $64,969,520 thousand a year earlier.

Outlook and guidance

• 4Q25 expects continued growth in electronic materials from AI and data center demand, with high-value epoxy resin sales rising.

• Chemical output will be lower due to feedstock constraints and maintenance shutdowns.

• Polyester outlook remains cautious despite peak season, with short-term orders in Taiwan and seasonal declines in the US.

• Management expects no significant impact from new IFRS standards effective in 2026 and 2027.

• The group is monitoring global minimum tax developments and does not expect material impact in 2025.