Wiwynn (6669) Q4 2025 earnings summary

Executive summary

• Achieved operating revenue of NT$950.7 billion in 2025, up 164% year-over-year from NT$360.5 billion in 2024.

• Net income surged to NT$51.1 billion in 2025, an increase of 124% compared to NT$22.8 billion in 2024.

• Basic earnings per share rose to NT$275.06 in 2025 from NT$126.57 in 2024.

• Major customers in the cloud infrastructure and hyperscale data center sector accounted for over 96% of revenue.

Financial highlights

• Gross profit margin improved to 8% in 2025 from 10% in 2024, reflecting higher revenue but also increased cost of goods sold.

• Operating expenses increased to NT$14.5 billion in 2025, up from NT$9.3 billion in 2024.

• Cash and cash equivalents at year-end 2025 were NT$89.9 billion, up from NT$48.3 billion in 2024.

• Total assets reached NT$338.2 billion at December 31, 2025, compared to NT$190.7 billion at the end of 2024.

• Net cash used in operating activities was NT$0.6 billion in 2025, a significant improvement from NT$20.0 billion used in 2024.

Outlook and guidance

• Adoption of new IFRS standards in 2026 and 2027 is not expected to have a significant impact.

• Management continues to evaluate the impact of IFRS 18, with results to be disclosed upon completion.