GlobalWafers held its board meeting today (March 3, 2026) to approve 2025 financial results. FY2025 consolidated revenue reached NT$60.6 billion with -3.24% YoY; gross profit of NT$14.6 billion, gross profit margin of 24.1%; operating income of NT$8.6 billion, operating income margin of 14.3%; net profit of NT$7.3 billion, net profit margin of 12.1%; EPS of NT$15.29 for FY2025.
Today the Board of Directors also approved the cash dividend payment plan for the second half of 2025. The Board of Directors resolved to distribute a cash dividend of NT$5.7 per share for the second half of 2025, with a total amount of NT$2.7 billion. The ex-dividend record date is July 22, and the cash dividend payment date is August 14. If the cash dividend of NT$2 per share with a total amount of NT$960 million distributed in the first half is included, an annual cash dividend of NT$7.7 per share with the total annual amount of NT$3.7 billion is distributed throughout 2025. Besides, GlobalWafers’ Annual General Shareholders’ Meeting will be convened at 9 a.m. on May 25 at the Hsinchu Science Park Life Hub, Taiwan.
Amid significant exchange-rate volatility in 2025, GlobalWafers, with operations across multiple regions worldwide and a high proportion of foreign-currency transactions, experienced translation pressure on reported revenue and earnings as the appreciation of the New Taiwan dollar impacted financial results. However, on a full-year basis, consolidated revenue in U.S. dollar terms remained flat year over year, indicating stable underlying momentum and resilient operations. As global capacity expansions progressively come into place, the recognition of related depreciation expenses has created short-term, phase-based pressure on profitability. Nevertheless, the Company has passed its peak capital-expenditure cycle, with overall spending now entering a consolidation phase. Operational focus has clearly shifted from fab construction investment toward capacity ramp-up and shipment growth, laying the foundation for earnings flexibility over the medium to long term. Supported by the dual drivers of improving utilization and the gradual receipt of government incentives across regions, expansion outcomes are increasingly translating into tangible revenue contributions. In 2025, brownfield expansion sites in Asia and Denmark delivered strong revenue performance, while new fabs in Italy and the United States, benefiting from localized supply advantages, accelerated customer qualification processes and helped move GlobalWafers’ global operations from an investment phase into a more stable harvesting stage.
Looking ahead to industry momentum, the rapid expansion of AI and high-performance computing-related applications continues to drive demand for advanced nodes and advanced packaging, increasing semiconductor wafer usage and keeping utilization rates of 12-inch silicon wafer capacity at elevated levels, thereby supporting long-term structural demand. In addition, recent market observations indicate that customer inventories in mature-node segments have gradually returned to healthier levels, with both order visibility and demand stability improving. From an order and shipment perspective, although the pace of recovery varies by application and product specifications, the overall trend remains “uneven but upward.” Demand for advanced nodes and related high-end applications remains relatively stable, while mature-node demand has shown a noticeable recovery compared with last year. The benefits of localized supply and advanced-capacity deployment are also becoming more visible, strengthening order-taking flexibility and supply stability. Revenue performance is therefore expected to stabilize progressively alongside improving utilization and stronger order momentum.
In terms of capacity deployment, expansion progress at GlobalWafers’ 12-inch wafer fabs in Texas and Missouri in the United States, as well as in Novara, Italy, is gradually becoming evident. The new Texas fab is accelerating qualification progress and has reserved multiple phases of expansion space to support future market growth. Driven by silicon photonics applications, order visibility for SOI production lines in Missouri has become increasingly clear, and the Company continues to advance process and quality optimization efforts to enhance overall production stability and shipment performance. In compound semiconductors, Gallium Nitride (GaN) capacity remains fully utilized, with the newly added 30% capacity fully covered by orders. For Silicon Carbide (SiC), building on its existing 6-inch and 8-inch product portfolio, GlobalWafers continues to deepen its presence in the power device market while further expanding its technology roadmap toward next-generation applications. These include new directions such as 12-inch SiC with improved thermal conductivity performance and semi-insulating SiC wafers. Relevant products have entered customer validation and sampling stages, focusing on applications requiring high thermal conductivity, including advanced packaging thermal solutions, high-power devices, AI servers, and other high-performance computing markets, with potential future extensions to emerging end devices such as AI glasses.
As global semiconductor customers place increasing emphasis on supply-chain carbon management and localized supply capabilities, while actively advancing decarbonization targets and sustainable procurement, the importance of local supply and green power deployment continues to rise. Leveraging its existing renewable-energy footprint and low-carbon manufacturing foundation, GlobalWafers has incorporated renewable energy into the core planning of its global expansion and fab construction strategy. New facilities and added capacity adopt green power and energy-efficient process measures from the early design stage. At the same time, the Company has strengthened water resource management by continuously improving process water efficiency, promoting wastewater recycling and reuse, and establishing comprehensive water risk identification and management mechanisms. These initiatives have gradually demonstrated results and were further recognized by the Company’s receipt of the highest leadership rating, an “A” score, in CDP Water Security 2025, comprehensively enhancing operational resilience and supply-chain stability.