Taiwan Union Technology (6274) Q3 2025 earnings summary

Executive summary

• Net revenue for Q3 2025 reached NT$8,063 million, up 18.9% from 2Q25 and 21.8% year-over-year.

• Net income for Q3 2025 was NT$1,003 million, a 53.8% increase from 2Q25 and 33% higher than 3Q24.

• EPS for Q3 2025 was NT$3.58, up from NT$2.36 in 2Q25 and NT$2.77 in 3Q24.

• Revenue for the nine months ended September 30, 2025, was NT$21.2 billion, up 27% year-over-year, with net profit rising 22% to NT$2.33 billion.

• Significant foreign exchange gains and strong overseas segment performance contributed to profit growth.

Financial highlights

• Gross margin improved to 23.8% in Q3 2025, up 2.6 percentage points from 2Q25 and 1.1 points year-over-year.

• Operating margin increased to 15.7% in Q3 2025, up 3.1 points from 2Q25 and 1.1 points from 3Q24.

• Net profit margin reached 12.4% in Q3 2025, up from 9.6% in 2Q25 and 11.4% in 3Q24.

• Cash and cash equivalents at period end were NT$5.18 billion.

• Total assets reached NT$31.05 billion, with equity at NT$16.24 billion.

Segment performance

• HSD-Low Loss (HSD-L) technology accounted for 71% of CCL revenue in 3Q25, up from 68% in 3Q24.

• HSD-Non Low Loss (HSD-NL) contributed 14% of CCL revenue, while HDI and Others made up 7% and 8%, respectively.

• Domestic segment revenue was NT$9.45 billion; overseas segment revenue was NT$11.77 billion for the nine months.

• Overseas operations contributed significantly to overall profit, with strong sales in China and Thailand.

• HSD-Low Loss technology continues to gain share in CCL revenue, reflecting industry demand for advanced materials.