Elite Material (2383) Q4 2025 earnings summary

Executive summary

• Achieved strong year-over-year growth in revenue and profitability for both 4Q25 and FY2025, with significant expansion in high-end laminate market share.

• Maintained global leadership in premium CCL segments, especially in mSAP, HDI, and high-speed green laminates.

• Expanded production capacity and geographic presence, reinforcing scale and supply chain resilience.

Financial highlights

• 4Q25 revenue NT$24,927M, up 34.3% YoY; net income NT$3,736M, up 41.3% YoY; EPS NT$10.44, up 36.1% YoY.

• FY2025 revenue NT$94,261M, up 46.4% YoY; net income NT$14,645M, up 53.0% YoY; EPS NT$41.67, up 49.8% YoY.

• Gross margin for FY2025 at 29.8%, up 1.9 pts YoY; operating margin at 20.3%, up 1.4 pts YoY.

Outlook and guidance

• High-end CCL market projected to grow at 40% CAGR (2024–2027); AI CCL addressable market to grow at 178% CAGR (2025–2027).

• Expects to outpace high-end CCL market growth, leveraging technology and capacity expansion.