King Yuan Electronics Company (2449) Q4 2025 earnings summary

Executive summary

• Net revenue for Q4'25 reached NT$9,965.7 million, up 36.6% year-over-year and 7.3% sequentially from Q3'25.

• Profit attributable to the company was NT$2,248.0 million in Q4'25, a 10.7% increase year-over-year.

• Full-year 2025 net revenue was NT$34,933.5 million, up 30.1% year-over-year.

• EPS for Q4'25 was NT$1.83 (diluted), up from NT$1.65 in Q4'24.

Financial highlights

• Gross margin for Q4'25 improved to 37.7%, up 2.9 percentage points year-over-year.

• Operating profit margin for Q4'25 was 28.2%, up 7.6 percentage points year-over-year.

• EBITDA for Q4'25 was NT$5,002.1 million, with an EBITDA margin of 50.2%.

• Full-year 2025 profit attributable to the company was NT$11,015.6 million, up 41.6% year-over-year.

• Free cash flow for Q4'25 was negative NT$5,455.2 million.

Segment performance

• Q4'25 revenue by process: Final test 60.1%, wafer probe 30.2%, assembly 7.7%, burn-in 1.5%, others 0.5%.

• Q4'25 revenue by application: Consumer 37.8%, data processing 32.2%, communication 16.2%, automotive 10.8%, industrial 2.7%, others 0.3%.

• Full-year 2025 revenue by process: Final test 58.7%, wafer probe 30.6%, assembly 2.5%, burn-in 7.7%, others 0.5%.

• Full-year 2025 revenue by application: Consumer 37.9%, data processing 30.8%, communication 16.6%, automotive 11.2%, industrial 2.8%, others 0.7%.