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

Taipei, Taiwan, March 17 2026 – TPK Holding Co., Ltd (TWSE: 3673) (“TPK” or the “Company”) today announced unaudited consolidated operating results for the fourth quarter of 2025. Company reported revenues of NT$14,401 million and net profit of NT$61 million for the quarter. For the full year of 2025, revenue reached NT$62,836 million and EPS amounted to NT$2.71.

4Q25 Operating Results
4Q25 revenue amounted to NT$14,401 million, down 10.6% quarter-on-quarter. The sequential decline was largely attributable to tablet seasonality and end of the initial ramp-up for eReader product. Gross profit for the quarter amounted to NT$840 million, down 28.4% sequentially and up 39.7% yearon-year. Profitability was weighed down by the pullback in business scale, which resulted in gross margin contraction from 7.3% for 3Q25 to 5.8%. In terms of product mix, revenues from small (<11”) and medium (11” to 16”) form factors declined 17.3% and 11.1% quarter-on-quarter and accounted for 43% and 50% of 4Q25 sales, respectively. Revenues for large form factor (>16”) decreased 38.2% sequentially and represented 3% of the quarterly revenues.

With respect to cost of goods sold, raw materials were NT$11,644 million, representing 80.9% of revenues, corresponding to 81.0% for 3Q25. Labor expense decreased slightly to NT$1,026 million from NT$1,043 million for the third quarter. Depreciation cost increased marginally from NT$462 million for 3Q25 to NT$471 million. Gross margin for the quarter was suppressed due to underutilization since cost as percentages of quarterly sales for labor and depreciation rose from 6.5% to 7.1% and 2.9% to 3.1%, respectively. 4Q25 operating expense increased to NT$937 million from NT$803 million for the quarter earlier. The increase was mainly attributable to accrual of professional fees for business transformation and diversification, which included the acquisition of 23.83% stake of ITH Corporation (TWSE: 6962) in November 2025. As a result of increase in operating expenses for the quarter, Company posted operating loss of NT$97 million.

For the fourth quarter, Company recorded net interest income of NT$139 million and foreign exchange gain of NT$58 million. Strategic investments totaled a mark-to-market profit of NT$64 million. For 4Q25, net profit amounted to NT$61 million.

2025 Full Year Operating Results
TPK reported unaudited consolidated revenues of NT$62,836 million for the year, down 8.8% year-onyear, mainly due to the end of smartphone product lifecycle and the absence of revenue contribution from energy storage products. In terms of product mix, revenues from notebook PC and large-sized tablet (11” to 16”) and eReader and small-sized tablet (7” to 11”) accounted for 52% and 39% of annual sales, respectively, up from 49% and 32% for 2024. Smartphone products (<7”) as legacy products have completed their end of product lifecycle and attributed to 0.5% of 2025 sales. Large-sized (>16”) products, as a percentage of annual sales, declined to 5% from 7% for the year earlier. Total shipments were 50 million, down 3.1% year-on-year.

Gross profits recorded at NT$3,951 million, up 36.2% from 2024 as results of favorable product mix, operation efficiency and reducing depreciation. Consequently, gross margin enhanced significantly from 4.2% for the previous year to 6.3%. Operating profit reached NT$729 million, up from operating loss of NT$253 million for 2024. Company posted non-operating profits of NT$1,177 million for the year, including net interest income of NT$675 million and FX gains of NT$420 million. Net profits to the parent totaled to NT$1,103 million, up 133.2% year-on-year, equivalent to EPS of NT$2.71.

Balance Sheet & Cash Flow
As of December 31 2025, cash and cash equivalent1 were NT$43,781 million, down from NT$47,190 million at the end of 2024. Total bank borrowings were NT$25,338 million, down from NT$26,192 million. Capital expenditure for the fourth quarter was NT$360 million on accrual basis, and totaled NT$900 million for the full year of 2025. EBITDA remained healthy at NT$1,021 million for the quarter. For the full year of 2025, EBITDA reached NT$5,461 million. TPK remained at net cash of NT$18,443 million as of December 31 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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