TPK REPORTS UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2025

Taipei, Taiwan, November 5 2025 – TPK Holding Co., Ltd. (TWSE: 3673) (“TPK” or the “Company”) today announced unaudited consolidated operating results for the third quarter of 2025. Company reported revenues of NT$16,117 million and net profit of NT$446 million for the quarter, equivalent to EPS of NT$1.09. For the first nine months of 2025, Company’s registered an EPS of NT$2.55.

3Q25 Operating Results
Company reported 3Q25 revenues of NT$16,117 million, down 13.4% quarter-on-quarter and down 13.1% year-on-year. The sequential decrease in third quarter revenues was mainly attributable to lower shipments for notebook PCs and large-sized products. In 3Q25, demand momentum for e-Reader continued and posted a notable sequential increase of 25.4%. Notebook PC segment also showed a double digit decline of 18.1% sequentially. Gross profit for the quarter amounted to NT$1,173 million, up 41.0% year-on-year and down 4.1% sequentially, on account of favorable product mix. As a result, gross margin improved from 6.6% to 7.3% for 3Q25.
With respect to COGS, raw materials were NT$13,049 million, representing 81.0% of revenues, down from 83.3% for 2Q25. Labor expense held steady around NT$1,043 million, flat to the previous quarter, but increased from 5.6% to 6.5% of revenues for the quarters due to lower revenue scale. Depreciation continued to trend lower to NT$462 million, equivalent to 2.9% of revenues for the quarter. Operating expenses amounted to NT$803 million, up from NT$740 million for 2Q25, owing to one-time professional service. Company recorded operating profit of NT$370 million for the quarter, up 284.5% year-on-year and down 23.3% quarter-on-quarter.
For the third quarter, Company recorded net interest income of NT$141 million and foreign exchange gain of NT$50 million. Strategic investments contributed a mark-to-market gain of NT$117 million. Other non-operating loss was NT$124 million. Net profit for the quarter amounted to NT$446 million, equivalent to EPS of NT$1.09. For first nine months of 2025, Company registered an EPS of NT$2.55.

Balance Sheet & Cash Flow
As of September 30 2025, cash and cash equivalent1 were NT$45,253 million, flat from NT$45,294 million at the end of 2Q25. At the same time, total bank borrowings remained stable at NT$26,884 million compared to NT$26,756 million at the end of the previous quarter. Capital expenditure for the quarter was NT$171 million on accrual basis. EBITDA remained healthy at NT$1,394 million for the quarter. TPK remained at net cash of NT$18,369 million as of September 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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