Nan Ya Printed Circuit Board (8046) Q2 2025 earnings summary

Executive summary

• Consolidated revenues reached NTD 18.0 billion in 2025 H1, with a market value of NTD 72.4 billion as of June 30, 2025.

• Consolidated financial statements for the six months ended June 30, 2025 and 2024 were reviewed with no material misstatements identified by independent auditors.

• Operations span Taiwan, China, and subsidiaries in the USA, Hong Kong, and Mainland China, focusing on IC substrates and PCBs.

Financial highlights

• 2025 H1 revenues increased 18.5% year-over-year to NT$18,040,951 thousand, driven by data center and consumer electronics demand.

• Gross profit for the six months was NT$1,199,094 thousand, compared to a gross loss of NT$196,971 thousand in the prior year period.

• Net profit for the six months was NT$20,044 thousand, a turnaround from a net loss of NT$33,823 thousand year-over-year.

• Operating profit in 2025 H1 improved by NTD 1,400.2 million from 2024 H1, reflecting revenue growth and better product mix.

• Quarterly revenues rose 13.3% in 2025 Q2 over 2025 Q1, and 7.5% in 2025 Q1 over 2024 Q4.

Segment performance

• Networking segment revenue share increased in 2025 H1 due to data center upgrades.

• Consumer electronics revenue rose in 2025 H1 as customers pre-stocked inventory to mitigate tariff risks.

• Automotive segment revenue decreased in 2025 H1 amid price competition and supply chain disruptions.

• For the six months ended June 30, 2025, domestic revenue was NT$13,407,490 thousand, American segment NT$4,633,461 thousand, and Asian segment NT$18,040,951 thousand after eliminations.

• Segment profit for the six months was NT$29,561 thousand, compared to a loss of NT$61,790 thousand in the prior year.