Visual Photonics Epitaxy (2455) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025 was NT$2,420,554 thousand, a 4% decrease year-over-year from NT$2,518,743 thousand.

• Net profit for the same period was NT$354,060 thousand, down 34% from NT$538,194 thousand year-over-year.

• Basic EPS for the nine months was NT$1.92, compared to NT$2.91 in the prior year period.

Financial highlights

• Gross margin for the nine months was 36%, down from 41% year-over-year.

• Operating profit for the nine months was NT$460,251 thousand, a 23% decrease from NT$599,086 thousand year-over-year.

• Cash and cash equivalents at September 30, 2025 were NT$857,747 thousand, down from NT$946,892 thousand a year earlier.

• Total assets at September 30, 2025 were NT$4,592,977 thousand, up from NT$4,462,250 thousand a year earlier.

• Total equity at September 30, 2025 was NT$3,104,723 thousand, compared to NT$3,200,742 thousand a year earlier.

Outlook and guidance

• The Board resolved to issue NT$1,000,000 thousand in unsecured convertible corporate bonds in China after the balance sheet date.