RichWave Technology (4968) Q4 2025 earnings summary

Executive summary

• Focused on expanding Wi-Fi 1–7 and developing Wi-Fi 8, with diversified offerings in IoT, mobile, and automotive applications.

• Maintains strong partnerships with major chip platforms and global customers.

• Consolidated financial statements for 2025 and 2024 were audited and present fairly in accordance with IFRS and local regulations.

• The company focuses on IC design and sales for wireless communication products, with major revenue from WiFi products.

• Achieved recognition for ESG leadership, including a CDP Climate Change B rating for two consecutive years and inclusion in the Top 100 Carbon Competitiveness Companies.

Financial highlights

• Q4 2025 net revenue was NT$951.9M, up 6% year-over-year; full-year 2025 net revenue was NT$3,761,663 thousand, up 2% year-over-year.

• Gross margin improved to 39% in Q4 2025 and 36% for full-year 2025, up from 34% and 33% in the prior year.

• Net income after tax for Q4 2025 was NT$119.0M, up 69% year-over-year; full-year net profit was NT$245,122 thousand, up 57%.

• EPS for Q4 2025 was NT$1.30, compared to NT$0.77 in Q4 2024; full-year EPS rose to NT$2.66 from NT$1.73.

• Cash and cash equivalents at year-end 2025 were NT$704,595 thousand, down from NT$1,013,365 thousand.

Outlook and guidance

• Wi-Fi 7 shipments continue to increase, with Wi-Fi 8 development underway and engagement with SoC partners.

• Ongoing expansion in automotive and mobile segments, with new design wins and continued shipping to major customers.

• The board proposed a 2025 cash dividend of NT$1.6 per share, pending shareholder approval.

• The company continues to invest in R&D and expects ongoing support from government grants for technology development.