AIROHA TECHNOLOGY (6526) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for 3Q25 was NTD 5,630 million, up 2.0% sequentially and 1.2% year-over-year.

• Net income for 3Q25 reached NTD 825 million, an increase of 8.8% quarter-over-quarter and 0.7% year-over-year.

• Revenue for the nine months ended September 30, 2025 was NT$16,375,321 thousand, up from NT$14,289,864 thousand year-over-year, reflecting strong sales in wireless and broadband communication chips.

• Net income for the nine-month period was NT$2,292,431 thousand, an increase from NT$2,028,962 thousand year-over-year.

• The company completed the acquisition of IC+, making it a consolidated subsidiary from July 1, 2024, strengthening its Ethernet market presence.

Financial highlights

• Gross margin improved to 52.2% in 3Q25, up 1.7 percentage points both sequentially and year-over-year.

• Operating income for 3Q25 was NTD 877 million, up 7.5% quarter-over-quarter but down 6.0% year-over-year.

• Net profit margin for 3Q25 was 14.6%, up 0.9 percentage points sequentially but down 0.1 points year-over-year.

• Gross profit margin remained stable at 51% for the nine-month period, with gross profit of NT$8,424,559 thousand.

• Basic and diluted EPS for the nine months were both NT$14.00, compared to NT$12.34 and NT$12.31, respectively, in the prior year.

Capital allocation and financing

• Cash and cash equivalents at the end of 3Q25 were NTD 12,337 million.

• Net cash provided by operating activities was NTD 1,490 million in 3Q25.

• Net cash used in investing activities was NTD 389 million, while net cash used in financing activities was NTD 2,110 million.

• Cash dividends of NT$2,093,819 thousand declared for 2024, with NT$12.5 per share.

• No significant new financing or debt issuance during the period.