Visual Photonics Epitaxy (2455) Q4 2025 earnings summary

Executive summary

• Revenue increased 20% year-over-year to NT$3,241 million, with net income up 49% to NT$671 million.

• Gross margin was 39%, slightly down from 41% last year, while operating margin improved to 17%.

• Major customers accounted for over 60% of sales, with significant exposure to the US and China markets.

Financial highlights

• Sales revenue: NT$3,241 million (up from NT$2,694 million year-over-year).

• Net income: NT$671 million (up from NT$450 million year-over-year).

• Basic EPS: NT$3.63 (up from NT$2.43 year-over-year).

• Cash and cash equivalents: NT$1,176 million (up from NT$826 million year-over-year).

• Total assets: NT$4,583 million; total equity: NT$3,329 million.

Outlook and guidance

• Board proposed a cash dividend of NT$3.2 per share for 2024, pending shareholder approval.

• No significant impact expected from new or upcoming IFRS standards.