)
Avary Holding (002938) investor relations material
Avary Holding Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved revenue of ¥39.15 billion in 2025, up 11.40% year-over-year; net profit attributable to shareholders reached ¥3.74 billion, up 3.25% year-over-year.
Maintained industry leadership in PCB, with strong growth in AI server, automotive, and consumer electronics segments.
Continued global capacity expansion, including major investments in China and Thailand, to support AI and high-end PCB demand.
Proposed cash dividend of ¥10 per 10 shares, totaling ¥2.32 billion, reflecting a 100% payout ratio for the year.
Financial highlights
Revenue: ¥39.15 billion, up 11.40% year-over-year; net profit: ¥3.74 billion, up 3.25%.
Gross margin improved to 21.53%, up 0.74 percentage points year-over-year.
Operating cash flow: ¥7.29 billion, up 2.87% year-over-year.
R&D investment reached ¥2.46 billion, 6.28% of revenue, up 5.79% year-over-year.
Total assets: ¥48.85 billion, up 9.67% from prior year-end; net assets: ¥34.14 billion, up 6.31%.
Outlook and guidance
2026 strategy focuses on AI-driven growth, expanding AI server and optical module capacity, and deepening global supply chain resilience.
Plans ¥16.8 billion in capital expenditures for 2026, targeting new production bases and digital transformation.
Expects continued robust growth in AI, automotive, and high-end PCB markets, with ongoing risk management for global uncertainties.
- Revenue and profit rose double digits year-over-year amid sector recovery and AI momentum.002938
Q4 202418 Dec 2025 - Nine-month revenue and net profit rose strongly year-over-year, with higher inventory and investments.002938
Q3 202531 Oct 2025 - Net profit jumped 57.22% year-over-year on strong AI and electronics demand, with robust global expansion.002938
Q2 202513 Aug 2025 - Q3 revenue and profit rose over 15% year-over-year, with strong R&D and strategic investments.002938
Q3 202413 Jun 2025 - Revenue up 13.79% to ¥13.13B, net profit ¥784M, strong AI/consumer PCB growth.002938
Q2 202413 Jun 2025 - Revenue up 20.94% year-over-year, but net profit declined 1.83% in Q1 2025.002938
Q1 20256 Jun 2025
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)