Nan Ya Printed Circuit Board (8046) Q4 2025 earnings summary

Executive summary

• Operating revenue rose 24.5% year-over-year to $40.17 billion for 2025, with net profit surging to $1.95 billion from $204 million in 2024.

• Gross margin improved to 9% in 2025 from 1% in 2024, reflecting better cost control and higher sales.

• Cash dividends increased to $2.00 per share for 2025, up from $1.00 in 2024.

Financial highlights

• Operating revenue: $40.17 billion in 2025 vs. $32.28 billion in 2024.

• Net profit: $1.95 billion in 2025 vs. $204 million in 2024.

• Basic and diluted EPS: $3.01 in 2025 vs. $0.32 in 2024.

• Operating cash flow: $3.03 billion in 2025 vs. $2.16 billion in 2024.

• Gross margin: 9% in 2025, up from 1% in 2024.

Outlook and guidance

• Adoption of new IFRS standards in 2026 and 2027 is not expected to have a significant impact.

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