TECO Electric & Machinery (1504) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, was NT$43.76 billion, up 4.9% year-over-year, with net profit attributable to owners at NT$4.19 billion, down 8.5% from NT$4.58 billion in the prior year.

• Earnings per share for the nine-month period were NT$1.98, compared to NT$2.17 for the same period last year.

• The group completed several acquisitions, including Shen Chang Electric, EVK Company, and NCL Energy Sdn. Bhd., expanding its portfolio in transformers, hair-pin machines, and solar power engineering.

Financial highlights

• Gross margin for the nine months was 24%, consistent with the prior year.

• Operating profit for the period was NT$6.21 billion, up 32% year-over-year.

• Net cash from operating activities was NT$3.05 billion, down from NT$3.17 billion in the prior year.

• Total assets as of September 30, 2025, were NT$141.13 billion, with equity attributable to owners at NT$87.61 billion.

Outlook and guidance

• Management expects continued growth in the green mechatronic and intelligence energy segments, leveraging recent acquisitions and strategic partnerships.

• The group is assessing the impact of new IFRS standards and Pillar Two global minimum tax rules, with no material effect expected in 2025.