Merry Electronics (2439) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements for the years ended December 31, 2025 and 2024 were audited and present fairly in all material respects in accordance with IFRS as endorsed by the FSC.

• Revenue grew to NT$46,491 million in 2025, up 6% year-over-year, but net profit declined to NT$1,815 million, down 26% from 2024.

• Major business segments include manufacturing and sales of electronic components, with significant operations in Taiwan, Shenzhen, Singapore, Vietnam, and Thailand.

Financial highlights

• Sales revenue: NT$46,491 million in 2025 (up from NT$43,855 million in 2024).

• Net profit: NT$1,815 million in 2025 (down from NT$2,440 million in 2024).

• Operating profit: NT$1,459 million in 2025 (down from NT$1,862 million in 2024).

• Basic EPS: NT$5.36 in 2025 (down from NT$9.26 in 2024).

• Gross margin: 12% in 2025 (down from 13% in 2024).

• Cash and cash equivalents: NT$9,798 million at year-end 2025.

• Total assets: NT$44,795 million at year-end 2025.

Outlook and guidance

• Board resolved to distribute NT$1,015 million in cash dividends for 2025 (NT$4.0 per share).

• Plans to acquire 100% of MWT Holdings Co., Ltd. in early 2026 to enhance market penetration and vertical integration.