Wistron (3231) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 reached $2,186,522,636, up 108% year-over-year, with net profit at $57,772,503, a significant increase from $30,636,231 in 2024.

• Gross margin improved to 6% from 8%, while operating income more than doubled to $78,553,497.

• Major capital increase through GDR issuance and convertible bonds, and a notable acquisition of GEOSAT Aerospace & Technology Inc.

Financial highlights

• Net revenues rose to $2.19 trillion, with gross profit at $133,983,373 and operating income at $78,553,497 for 2025.

• Net profit attributable to owners was $27,408,097, with basic EPS of $9.04 and diluted EPS of $8.40.

• Cash and cash equivalents increased to $144,473,847, and total assets reached $1,097,726,177.

• Operating cash flow was negative at ($105,809,663), while financing activities generated $217,194,814.

• Cash dividends of $10,996,666 were distributed in 2024, with $17,492,267 proposed for 2025.

Outlook and guidance

• Adoption of new IFRS standards is not expected to have a significant impact.

• The company continues to focus on expanding manufacturing capacity and R&D, with ongoing investments in subsidiaries and new business areas.