National Aerospace Fasteners (3004) Q3 2025 earnings summary

Executive summary

• 2024 revenue reached TWD 3.5 billion, with a workforce of 900 and global operations in Taiwan, China, and Malaysia.

• Certified supplier to major aerospace engine manufacturers, with products used in leading aircraft and engine programs.

• Strategic focus on expanding production capacity, smart manufacturing, and niche product development.

• Consolidated revenue for the nine months ended September 30, 2024, was NT$2,913 million, up 13% year-over-year from NT$2,570 million.

• Net income for the same period was NT$245 million, down 9% from NT$270 million year-over-year.

Financial highlights

• 2025 YTD (Jan–Nov) sales: TWD 3,650 million; 59% from aerospace fasteners, 31% aerospace machining parts, 10% industrial fasteners.

• Quarterly sales revenue rose from TWD 835 million in 2024Q1 to TWD 990 million in 2025Q3.

• Net income for 2025Q3 was TWD 70 million, with EPS at 1.25; gross profit margin remained stable at 28%.

• Basic EPS for the nine months was NT$4.40, compared to NT$4.95 in the prior year.

• Total assets increased to NT$7,409 million from NT$6,009 million year-over-year.

Outlook and guidance

• Global airline operations have surpassed 2019 levels, with strong recovery in all regions.

• Aircraft manufacturing backlog remains high; production ramp-ups planned by Airbus and Boeing through 2027.

• Demand for LEAP and GTF engines expected to increase, though supply chain constraints persist.

• Management aims to maintain a debt-to-capital ratio below 60% and continues to focus on capital structure optimization.

• The board approved a capital increase via new share issuance and plans further investment in the Malaysian subsidiary.