Nan Ya Plastics (1303) Q4 2025 earnings summary

Executive summary

• 2025 saw revenue and profit growth driven by strong AI server and networking demand in electronic materials, while chemicals and polyesters declined due to oversupply and lower raw material costs.

• Market capitalization reached NT$728.0 billion in Feb. 2026, with 99 plants and 28,616 employees worldwide.

• Consolidated financial statements for 2025 and 2024 were audited by KPMG, with an unmodified opinion confirming fair presentation in accordance with IFRS and local regulations.

• The group operates in plastics, fiber, petrochemical, electronics, and engineering, with significant global presence and multiple subsidiaries.

Financial highlights

• 2025 consolidated revenue was NT$259.9 billion, nearly flat year-over-year, with 4Q25 revenue at NT$64.5 billion, a sequential increase.

• Operating profit for 2025 rose to NT$3.70 billion from NT$0.45 billion in 2024, driven by electronic materials.

• Net income attributable to owners of the parent was NT$4.52 billion in 2025, up from NT$3.34 billion in 2024.

• Pre-tax income in 2025 was NT$6.46 billion, up from NT$4.52 billion in 2024, aided by higher equity income and operating profit.

• EPS for 2025 was NT$0.57, a 35% year-over-year increase; 4Q25 EPS reached NT$0.62, a 51% sequential rise and a 14-quarter high.

• Gross profit margin improved to 8% in 2025 from 7% in 2024.

• Cash and cash equivalents at year-end 2025 were NT$46.1 billion, down from NT$66.4 billion in 2024.

Outlook and guidance

• 1Q26 expects continued robust demand for electronic materials due to AI and high-speed networking, but chemical and polyester segments face ongoing weakness from global oversupply and plant shutdowns.

• Plastics shipments are expected to decline in 1Q26 due to seasonal pauses in downstream operations.

• The group does not expect significant impact from new IFRS standards effective in 2026 and 2027.

• Management continues to monitor global minimum top-up tax developments, with no material impact expected for 2025.