2026/02/10
Coretronic Corporation Announces Fourth Quarter 2025 Results
Hsinchu, Taiwan – Coretronic Corporation (5371.TW) today announced its financial results for the fourth quarter of 2025. For the fourth quarter ended Dec. 31, 2025, Coretronic reported consolidated sales revenue of NT$11,297 million, an increase of 14% compared to the prior quarter and the same period last year, respectively. The consolidated gross margin for the fourth quarter was 18.1%, up 2.9% from 15.2% in the previous quarter and down 0.9% from 19% in the same period last year, primarily due to changes in product mix and exchange rates. Operating profit for the fourth quarter was NT$270 million, representing increases of 215% QoQ and 293% YoY. Net income after tax amounted to NT$197 million, up 127% QoQ but down 15% YoY. Net income attributable to equity holders of the parent company was NT$200 million, an increase of 110% from NT$95 million in the previous quarter and 4% from NT$193 million in the same period last year. Basic earnings per share for the fourth quarter of 2025 were NT$0.51.
For the fiscal year 2025, Coretronic reported consolidated sales revenue of NT$39,577 million, comparable to NT$39,669 billion in 2024. The consolidated gross margin was 17.3%, a decrease of 0.5% compared to 17.8% in 2024, mainly due to unfavorable exchange rate effects. The operating loss was NT$131 million, representing a decrease of 170% compared with operating profit of NT$188 million in the same period last year. The net income was reported at NT$358 million, down 46% from NT$658 million in 2024. The net income attributable to equity holders of the parent company was NT$372 million, a decrease of 55% YoY. The basic EPS for 2025 ware NT$0.95, lower than NT$2.1 in 2024.
For the fourth quarter of 2025, the overall sales revenue of Energy Saving products amounted to NT$5,502 million, representing a 2% decrease QoQ, but up 12% YoY. The shipments for this quarter reached 8.26 million units, drop 3% from the previous quarter but up 14% from the same period last year. For the full year of 2025, sales revenue reached NT$19,266 million, representing a 1% YoY increase driven by higher shipments of Monitor models and automotive products. Shipment volume reached around 30.83 million units, up 3% YoY. Regarding 1Q26 operation, Ms. Sarah Lin, President of Coretronic stated that, due to traditional seasonal slowdown and fewer working days, the overall shipment volume of Energy Saving products in the first quarter is expected to decline compared with the fourth quarter, but are projected to increase YoY.
For the full year 2026, Sarah expects total shipment volume of Energy Saving products to grow by 10% to 20% YoY. She noted that, in response to supply chain restructuring and tariff barriers arising from geopolitical tensions, Coretronic continues to strengthen its manufacturing footprint in Vietnam this year to support growing customer demand. Meanwhile, it has expanded OLED module capacity in China to capture additional opportunities in large-size display applications. In addition, Coretronic has launched high-performance front-light modules designed for e-paper and reflective displays, targeting expansion into outdoor signage and education markets. To address increasingly stringent regulations in Europe and the United States, Coretronic is also sharpening its focus on high-technology automotive display solutions and green eye-care technologies, while actively developing active privacy display solutions for driver and passenger information systems.
In the fourth quarter, sales revenue of Visual Solutions products reached NT$2,626 million, with shipments reaching about 157K units, representing QoQ increases of 29% and 22%, respectively. Compared with the same period last year, revenue increase by 1.5%, while shipment volume declined by 8.6%. For the full year of 2025, the sales revenue was NT$9,687 million, with shipments totaling around 624K units, representing YoY decreases of 24% and 28%, respectively. The declines were mainly due to weakened overall demand resulting from reciprocal tariffs and exchange rate volatility. Regarding operations in the first quarter of 2026, Sarah noted that, due to the traditional seasonal slowdown and continued uncertainty in the overall economic environment, total shipment volume of Visual Solutions products is expected to decline by approximately 30%.
Market demand in the first half of 2026 remains uncertain, primarily affected by factors such as crowding-out effects from increased national defense spending across countries, inflationary pressures, U.S. tariff policies, and conservative GDP growth expectations in major regions. Nevertheless, according to market research estimates, the FIFA World Cup is expected to drive growth in home/entertainment projector sales, while the professional (engineering) projector market is projected to gradually stabilize alongside a recovery in the global economy. In addition, new interior/exterior automotive projection products and innovative AR logistics application products are set to enter mass production. As a result, total shipments of Visual Solutions products in 2026 is expected to increase by approximately 10% to 20% year over year.
For the fiscal year 2025, Coretronic reported consolidated sales revenue of NT$39,577 million, comparable to NT$39,669 billion in 2024. The consolidated gross margin was 17.3%, a decrease of 0.5% compared to 17.8% in 2024, mainly due to unfavorable exchange rate effects. The operating loss was NT$131 million, representing a decrease of 170% compared with operating profit of NT$188 million in the same period last year. The net income was reported at NT$358 million, down 46% from NT$658 million in 2024. The net income attributable to equity holders of the parent company was NT$372 million, a decrease of 55% YoY. The basic EPS for 2025 ware NT$0.95, lower than NT$2.1 in 2024.
For the fourth quarter of 2025, the overall sales revenue of Energy Saving products amounted to NT$5,502 million, representing a 2% decrease QoQ, but up 12% YoY. The shipments for this quarter reached 8.26 million units, drop 3% from the previous quarter but up 14% from the same period last year. For the full year of 2025, sales revenue reached NT$19,266 million, representing a 1% YoY increase driven by higher shipments of Monitor models and automotive products. Shipment volume reached around 30.83 million units, up 3% YoY. Regarding 1Q26 operation, Ms. Sarah Lin, President of Coretronic stated that, due to traditional seasonal slowdown and fewer working days, the overall shipment volume of Energy Saving products in the first quarter is expected to decline compared with the fourth quarter, but are projected to increase YoY.
For the full year 2026, Sarah expects total shipment volume of Energy Saving products to grow by 10% to 20% YoY. She noted that, in response to supply chain restructuring and tariff barriers arising from geopolitical tensions, Coretronic continues to strengthen its manufacturing footprint in Vietnam this year to support growing customer demand. Meanwhile, it has expanded OLED module capacity in China to capture additional opportunities in large-size display applications. In addition, Coretronic has launched high-performance front-light modules designed for e-paper and reflective displays, targeting expansion into outdoor signage and education markets. To address increasingly stringent regulations in Europe and the United States, Coretronic is also sharpening its focus on high-technology automotive display solutions and green eye-care technologies, while actively developing active privacy display solutions for driver and passenger information systems.
In the fourth quarter, sales revenue of Visual Solutions products reached NT$2,626 million, with shipments reaching about 157K units, representing QoQ increases of 29% and 22%, respectively. Compared with the same period last year, revenue increase by 1.5%, while shipment volume declined by 8.6%. For the full year of 2025, the sales revenue was NT$9,687 million, with shipments totaling around 624K units, representing YoY decreases of 24% and 28%, respectively. The declines were mainly due to weakened overall demand resulting from reciprocal tariffs and exchange rate volatility. Regarding operations in the first quarter of 2026, Sarah noted that, due to the traditional seasonal slowdown and continued uncertainty in the overall economic environment, total shipment volume of Visual Solutions products is expected to decline by approximately 30%.
Market demand in the first half of 2026 remains uncertain, primarily affected by factors such as crowding-out effects from increased national defense spending across countries, inflationary pressures, U.S. tariff policies, and conservative GDP growth expectations in major regions. Nevertheless, according to market research estimates, the FIFA World Cup is expected to drive growth in home/entertainment projector sales, while the professional (engineering) projector market is projected to gradually stabilize alongside a recovery in the global economy. In addition, new interior/exterior automotive projection products and innovative AR logistics application products are set to enter mass production. As a result, total shipments of Visual Solutions products in 2026 is expected to increase by approximately 10% to 20% year over year.
