RAFAEL MICROELECTRONICS (6568) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 reached NT$1,137,288 thousand, up 6.7% year-over-year, with net profit at NT$122,007 thousand, a 4.2% increase from 2024.

• Gross margin remained stable at 40% in 2025, with operating margin at 13%.

• Earnings per share were NT$4.00 basic and NT$3.96 diluted in 2025, compared to NT$3.85 and NT$3.80 in 2024.

Financial highlights

• Cash and cash equivalents increased to NT$418,294 thousand at year-end 2025 from NT$361,539 thousand in 2024.

• Total assets rose to NT$1,791,962 thousand, and equity increased to NT$1,547,008 thousand.

• Operating expenses totaled NT$308,007 thousand, with R&D expenses at NT$223,739 thousand.

• Inventory write-down reversals of NT$13,990 reduced cost of goods sold in 2025.

Outlook and guidance

• The Board resolved to distribute a NT$2 per share cash dividend for 2025, totaling NT$61,118 thousand, reflecting confidence in future cash flows.