TCC Group Holdings (1101) investor relations material

Executive summary

• FY25 revenue declined 3.1% year-over-year to NT$149.8B, with Q4 revenue down 17.5% year-over-year to NT$40.4B.

• Net income for FY25 was a loss of NT$11.86B, impacted by a significant non-recurring fire loss at a battery subsidiary.

• EPS for FY25 was -NT$1.60, compared to NT$0.72 in the prior year; Q4 EPS was -NT$0.32, down from NT$0.20 year-over-year.

• Consolidated financial statements for 2025 and 2024 were audited with an unmodified opinion, confirming fair presentation in accordance with IFRS and local regulations.

• The group operates mainly in cement production, energy, and related businesses, with significant international presence.

Financial highlights

• FY25 gross margin was 18.7%, down 244bps year-over-year; Q4 gross margin was 18.5%, down 480bps year-over-year.

• FY25 operating margin was 8.1% (excluding non-recurring items), down 406bps year-over-year; Q4 operating margin was 7.7%, down 667bps year-over-year.

• Net loss for 2025 was NT$11.86B, compared to net income of NT$15.63B in 2024.

• Free cash flow for FY25 was NT$8.91B, a significant improvement from -NT$1.70B in FY24.

• Total assets at year-end 2025 were NT$588.8B; total equity was NT$292.7B.

Outlook and guidance

• Management states the fire loss is a one-off, non-recurring event with limited impact on long-term operating capabilities.

• The group is assessing the impact of new IFRS standards effective from 2026 and 2027, with no material impact expected.

• Management is monitoring climate change, energy market volatility, and regulatory changes for future estimates.