Pegatron (4938) Q4 2025 earnings summary

Executive summary

• Net revenue for 2025 was NT$1,117,160 million, down 0.7% year-over-year, with net income at NT$18,110 million, a 5.4% decrease from 2024.

• Fourth quarter 2025 net revenue reached NT$320 billion, up 24% sequentially, driven by strong demand in Computing and Consumer segments and peak season in Communication.

• EPS for 2025 was NT$5.39, a 15% decline year-over-year.

• Consolidated financial statements for 2025 and 2024 were audited by KPMG, with an unqualified opinion confirming fair presentation in accordance with IFRS and local regulations.

• The Group operates two main segments: DMS (Design, Manufacturing and Service) and Strategic Investment Group, with DMS contributing the majority of revenue.

Financial highlights

• Operating revenue for 2025 was NT$1,117.2 billion, down slightly from NT$1,125.3 billion in 2024.

• Net profit attributable to owners was NT$14.4 billion in 2025, a decrease from NT$16.9 billion in 2024.

• Gross profit for 2025 was NT$42,501 million, down 7.7% year-over-year; operating income fell 7.1% to NT$11,609 million.

• Gross margin remained stable at 3.8% in 2025 versus 4.1% in 2024.

• Cash and equivalents at year-end 2025 were NT$119,380 million, a decrease of NT$2,245 million from the prior year.

• Net cash from operating activities was NT$19.6 billion in 2025, down from NT$55.9 billion in 2024.

Outlook and guidance

• Forward-looking statements are subject to significant risks and uncertainties, with no obligation to update projections.

• The Group adopted new IFRS amendments in 2025 with no significant impact and is preparing for future standards, including IFRS 18, which will affect income statement presentation from 2028.