TECO Electric & Machinery (1504) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements for the years ended December 31, 2025 and 2024 were audited and present fairly in all material respects in accordance with IFRS and local regulations.

• The audit opinion is unqualified, with key audit matters focused on revenue recognition for export sales in the green mechatronic solution business group.

• Several significant acquisitions and business combinations were completed in 2024 and 2025, expanding the group’s capabilities in transformers, hairpin motor technology, and solar power engineering.

Financial highlights

• Sales revenue for 2025 was NT$59,093,897 thousand, up 7% year-over-year from NT$55,234,746 thousand in 2024.

• Net income attributable to owners for 2025 was NT$5,242,070 thousand, down from NT$5,767,637 thousand in 2024.

• Basic and diluted EPS for 2025 were NT$2.42, compared to NT$2.73 in 2024.

• Gross margin remained stable at 24% in 2025.

• Operating profit decreased to NT$5,287,546 thousand in 2025 from NT$6,231,605 thousand in 2024.

• Total assets increased to NT$144,575,878 thousand at year-end 2025 from NT$124,433,435 thousand in 2024.

Outlook and guidance

• The group is reorganizing its business segments effective January 1, 2026, to align with strategic growth areas, including the establishment of an Energy & System Automation Business Group.

• The board resolved to participate in a major solar and energy storage project in Malaysia with a maximum investment of NT$804 million.

• Cash dividends for 2025 were set at NT$2.0 per share.