Taiwan Union Technology (6274) Q4 2025 earnings summary

Executive summary

• Net revenue for 4Q25 reached NT$9,125 million, up 13.2% sequentially and 44.6% year-over-year.

• Net income for 4Q25 was NT$1,084 million, an 8.1% increase from 3Q25 and 53.8% higher than 4Q24.

• EPS for 4Q25 was NT$3.76, up 5.0% sequentially and 45.7% year-over-year.

• Consolidated financial statements for 2025 and 2024 were audited and present fairly in all material respects, in accordance with IFRS and local regulations.

• Revenue recognition from specific customers was a key audit matter due to its significant impact and inherent risk.

Financial highlights

• Operating revenue for 2025 was $30,340,235 thousand, up 31.5% year-over-year from $23,070,425 thousand in 2024.

• Net profit for 2025 was $3,409,149 thousand, up 31% from $2,604,368 thousand in 2024.

• Gross margin for 4Q25 was 22.1%, down 1.7 percentage points from 3Q25 and 1.1 points from 4Q24.

• Operating margin for 2025 was 14%, unchanged from 2024.

• Basic EPS for 2025 was $12.13, up from $9.56 in 2024.

Segment performance

• In 2025, ELL & SLL contributed 36% of CCL revenue, VLL & LL 32%, HDI & N-LL 24%, and Others 8%.

• ELL & SLL segment grew 49% year-over-year, VLL & LL by 35%, HDI & N-LL by 3%, and Others by 49%.

• Domestic sales and manufacturing contributed $12,549,729 thousand in segment profit, while overseas operations contributed $3,319,400 thousand in 2025.

• Asia accounted for nearly all revenue, with $30,213,174 thousand in 2025.

• Quarterly, ELL & SLL and VLL & LL segments maintained leading shares in CCL revenue.