National Aerospace Fasteners (3004) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 reached NT$4,055,036 thousand, up 16% year-over-year, driven by strong export sales of aerospace and industrial fasteners.

• Net income for 2025 was NT$330,951 thousand, a decrease from NT$375,976 thousand in 2024, reflecting higher operating costs and increased interest expenses.

• Gross margin remained stable at 25% in 2025 compared to 28% in 2024.

• Major capital increase and employee stock option exercises contributed to equity growth.

Financial highlights

• Operating revenue increased to NT$4,055,036 thousand in 2025 from NT$3,501,720 thousand in 2024.

• Operating income was NT$473,401 thousand in 2025, up from NT$467,661 thousand in 2024.

• Basic EPS was NT$5.85 in 2025, down from NT$6.88 in 2024; diluted EPS was NT$5.77 in 2025.

• Total assets grew to NT$8,057,785 thousand at year-end 2025, up from NT$6,312,453 thousand in 2024.

• Cash and cash equivalents increased to NT$225,228 thousand at year-end 2025.

Outlook and guidance

• Management aims to maintain a debt-to-capital ratio around 60% and continue optimizing capital structure.

• Dividend of NT$2.55 per share proposed for 2025, reflecting stable shareholder returns.