Nan Ya Printed Circuit Board (8046) Q3 2025 earnings summary

Executive summary

• Consolidated revenues for 2025 Q1–Q3 reached NT$29,008.4 million, up from NT$24,413 million year-over-year, with a market value of NT$146.0 billion as of September 30, 2025.

• Net profit for the nine months ended September 30, 2025 was NT$744.9 million, a significant increase from NT$25.1 million in the prior year period.

• Gross margin improved to 8% from 6% year-over-year, and basic EPS for the nine months was NT$1.15, up from NT$0.04.

• Revenue rebounded in 2025 Q1–Q3, up 18.8% year-over-year, driven by data center networking upgrades and higher AI PC sales.

• Operating profit improved significantly in 2025 Q1–Q3 compared to 2024, reflecting a better product mix and increased sales of cloud application products.

Financial highlights

• Operating revenue for Q3 2025 was NT$10,967 million, up from NT$9,192 million in Q3 2024.

• Quarterly revenues grew sequentially: Q1 up 7.5% from Q4 2024, Q2 up 13.3% from Q1, and Q3 up 14.4% from Q2.

• Operating profit for 2025 Q1–Q3 was NT$1,019.5 million, a turnaround from a loss of NT$876.0 million in 2024 Q1–Q3.

• Net operating income for the nine months was NT$1,229 million, compared to NT$1,019 million in the prior year.

• Cash and cash equivalents at period end were NT$6,217 million, down from NT$7,444 million a year earlier.

Outlook and guidance

• Plans to co-develop more AI cloud computing and HPC products, and expand into next-generation mobile and automotive electronics.

• Operational strategies for 2026 focus on product, business, digital, and low-carbon transformations.

• The company does not expect new or amended IFRS standards effective in 2026 and beyond to have a significant impact.

• Management is monitoring global minimum tax developments but does not expect material impact from Pillar Two rules.