Primax Electronics (TWSE: 4915) today held an earnings conference for the fourth quarter and fiscal year ended December 31, 2025.

2025 Financial Highlights

• Revenue was NT$60.2 billion, up 3.3% year-over-year (YoY)
• Gross margin was 17.3%, up 0.3 ppt YoY
• Operating margin was 4.7%, flat YoY
• Net income was NT$2.6 million, down 3.7% YoY
• Earnings per share (EPS) was NT$5.71, up 1.8% YoY

Primax’s 4Q25 consolidated revenue amounted to NT$ 14.9 billion, up 13% YoY. Thanks to the product mix improvement, 4Q25 gross margin reached record high of 17.6%, up 0.6 ppt QoQ and 0.2 ppt YoY, while operating margin improved to 4.2%, up 0.3 ppt YoY. Net income was NT$442 million, translating to an EPS of NT$0.95, down 7.8% YoY, mainly due to non-operating loss from equipment impairment and investment loss.

For 4Q25 revenue breakdown, information products accounted for 49% of total revenue, followed by smart lifestyle products (19%) and Auto/ AIoT products (31%). As demand for AIoT and AI surveillance continues to grow, the proportion of the Auto/AIoT segment has steadily increased year by year. This has driven product mix optimization and improved the profit structure, strengthening the company’s growth momentum.

YY Hsiao, General Manager and CFO of Primax, stated that despite the challenge from tariffs and NTD appreciation in 2025, the company delivered solid financial performance. Both quarterly and annual gross margins reached record high, while EPS marked the second highest in company history. Among the three major segments, Auto/AIoT delivered the strongest results. AIoT and AI surveillance products continued to drive growth momentum, improving overall business visibility while also supporting margin expansion. Information products remained resilient, and the YoY decline in the Smart Lifestyle segment has gradually narrowed.

Looking ahead to 2026, as structural changes in the global supply chain continue to drive cost pressures, Primax will adopt a prudent approach while closely monitoring market dynamics. Leveraging its diversified product portfolio and strong system integration capabilities, the company will accelerate expansion into high value-added applications, including AI surveillance, public safety, automotive and robotic markets. At the same time, it will continue to advance its AI Sensor Fusion (AISF) technology by integrating acoustic, visual, and interface sensing, further strengthening system-level solutions and laying a solid foundation for future growth.