HTC (2498) Q4 2025 earnings summary

Executive summary

• Achieved a significant turnaround in 2025, posting net income of NT$6.03 billion versus a net loss of NT$3.42 billion in 2024, driven by major one-time gains from a Google transaction and asset sales, despite a 6% revenue decline and continued operating losses.

• Quarterly revenue for 4Q25 was NT$0.78 billion with a gross margin of 34.4%.

• FY2025 revenue reached NT$2.90 billion, gross margin 35.9%.

• Accelerated AI glasses market deployment, expanded VIVE Eagle to Hong Kong, and upgraded in-store experiences in Taiwan.

• Recognized for ESG excellence in 2025, winning multiple sustainability and culture impact awards.

Financial highlights

• Operating revenue: NT$2.90 billion in 2025, down from NT$3.08 billion in 2024.

• 4Q25 revenue was NT$0.78 billion, up from NT$0.7 billion in 3Q25 but down from NT$0.9 billion in 4Q24.

• FY2025 net profit was NT$6.03 billion, reversing a net loss of NT$3.42 billion in FY2024.

• Gross margin: 36% in 2025, down from 40% in 2024.

• Cash and cash equivalents: NT$2.91 billion at year-end 2025, down from NT$14.24 billion at year-end 2024.

Outlook and guidance

• Continued focus on AI glasses, 5G solutions, immersive XR experiences, and long-term Metaverse investments.

• Ongoing integration of ESG strategies and cost controls to drive net-zero transition and long-term value.