TPK REPORTS CONSOLIDATED FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2025

Taipei, Taiwan, August 6 th, TPK Holding Co., Ltd. (TWSE: 3673) (“TPK” or the “Company”) today announced unaudited consolidated operating results for the second quarter of 2025. Company reported revenues of NT$18,615 million and net profit of NT$434 million for the quarter, equivalent to EPS of NT$1.07. For the first half of 2025, Company’s registered an EPS of NT$1.47.

2Q25 Operating Results

Company reported 2Q25 revenues of NT$18,615 million, up 35.8% quarter-on-quarter and down 2.8% year-on-year. The sequential increase in second quarter revenues was mainly attributable to robust demand for e-Reader, tablet and notebook PC. In 2Q25, demand for e-Reader and tablet saw a notable sequential revenues increase of 60.1%, driven by new product launches. Notebook PC segment also showed a significant rebound of 28.7% quarter-on-quarter revenue growth, fueled by AI notebook PC demand and commercial demand. Gross profit for the quarter amounted to NT$1,222 million, up 70.6% sequentially and up 49.1% year-on-year, on account of higher loading and efficiency. As a result, gross margin improved from 5.2% for 1Q25 to 6.6%.

With respect to COGS, raw materials were NT$15,503 million, representing 83.3% of revenues, up from 81.7% for 1Q25. Labor expense held steady around NT$1,043 million, flat to the previous quarter, but down from 7.4% to 5.6% of revenues, as a positive outcome of efforts on human resource and efficiency enhancement. Depreciation cost continued to trend lower to N$506 million, down from 3.8% to 2.7% of revenues for the quarter. Operating expenses remained at NT$740 million, flat to NT$743 for 1Q25 and down from 5.4% to 4.0% of revenues for the quarter. Company recorded operating profit of NT$482 million for the quarter.

For the second quarter, Company recorded net interest income of NT$170 million and foreign exchange gain of NT$174 million. Strategic investments contributed disposal and mark-to-market gain of NT$186 million. Other non-operating loss was NT$112 million. Net profit for the quarter amounted to NT$434 million, equivalent to EPS of NT$1.07. For first half of 2025, Company registered an EPS of NT$1.47.

Balance Sheet & Cash Flow

As of June 30 2025, cash and cash equivalents 1 were NT$45,294 million, down from NT$48,603 million at the end of 1Q25. At the same time, total bank borrowings also decreased from NT$29,383 million to NT$26,756 million. Capital expenditure for the quarter was NT$262 million on accrual basis. EBITDA remained healthy at NT$1,862 million for the quarter. TPK remained at net cash of NT$18,539 million as of June 30 2025.

Note: All financial numbers are prepared in accordance with IFRs, which is approved by regulators in Taiwan.
Note 1: Cash and cash equivalent includes “Cash Equivalents” and “Risk-Free Banking Financial Product.”

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