ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2025

Rhea-AI Summary

ASE Technology Holding (NYSE: ASX) reported unaudited 4Q25 net revenues of NT$177,915 million (up 9.6% YoY, +5.5% QoQ) and 4Q25 net income attributable to shareholders of NT$14,713 million. Full-year 2025 net revenues were NT$645,388 million and net income attributable was NT$40,658 million.

4Q25 ATM revenue rose 24.2% YoY; consolidated gross margin improved to 19.5% and operating margin to 9.9%. Equipment capex totaled US$3.396 billion in 2025. Customer concentration remains high.

Positive

• ATM revenue +24.2% YoY in 4Q25
• Net income attributable +25.2% YoY to NT$40,658 million (2025)

Negative

• Top five customers ~41% of consolidated revenue in 4Q25
• EMS top five customers ~70% of EMS revenue in 4Q25
• Equipment capital expenditures of US$3.396 billion in 2025 (large cash outflow)

Key Figures

4Q25 net revenues: NT$177,915 million 4Q25 net income: NT$14,713 million 4Q25 basic EPS: NT$3.37 (US$0.219 per ADS) +5 more

8 metrics

4Q25 net revenues NT$177,915 million Unaudited consolidated, up 9.6% YoY and 5.5% sequentially

4Q25 net income NT$14,713 million Net income attributable to shareholders of the parent

4Q25 basic EPS NT$3.37 (US$0.219 per ADS) Quarterly basic earnings per share

2025 net revenues NT$645,388 million Full-year 2025 unaudited consolidated net revenues

2025 net income NT$40,658 million Full-year net income attributable to shareholders of the parent

2025 basic EPS NT$9.37 (US$0.601 per ADS) Full-year 2025 basic earnings per share

4Q25 gross margin 19.5% Consolidated gross margin, up from 17.1% in 3Q25

4Q25 operating margin 9.9% Consolidated operating margin, up from 7.8% in 3Q25

Market Reality Check

Price: $18.99 Vol: Volume 11,586,247 is 1.5x...

normal vol

$18.99 Last Close

Volume Volume 11,586,247 is 1.5x the 20-day average of 7,711,596, indicating elevated pre-news activity. normal

Technical Shares at $18.99 are trading above the 200-day MA of $12.42 and about 7.31% below the 52-week high.

Peers on Argus

ASX was down 2.06% pre-release despite mixed peer moves: STM +3.38%, ON +5.19%, ...

ASX was down 2.06% pre-release despite mixed peer moves: STM +3.38%, ON +5.19%, GFS +0.88%, while CRDO -10.68% and UMC -0.70%. The divergence suggests a stock-specific setup rather than a broad semiconductor move.

Previous Earnings Reports

5 past events · Latest: Oct 30 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Oct 30	Q3 2025 earnings	Positive	+4.2%	Revenue and EPS grew QoQ and YoY with stronger margins and ATM strength.
Jul 31	Q2 2025 earnings	Negative	-8.0%	Revenue grew but net income and EPS slipped year over year, pressuring sentiment.
Apr 30	Q1 2025 earnings	Positive	-0.5%	Double-digit revenue and net income growth with better margins and ATM gains.
Feb 13	Q4/FY 2024 earnings	Positive	+5.6%	Q4 and full-year revenue and net income rose versus 2023 with solid mix.
Oct 31	Q3 2024 earnings	Positive	-2.5%	Strong revenue and EPS growth but mixed segment margins, especially in EMS.

Pattern Detected

Earnings releases have produced mixed reactions: positive Q3 and FY 2024 prints saw gains, while other strong quarters drew muted or negative moves, indicating inconsistent alignment between fundamentals and short-term price action.

Recent Company History

Recent earnings show a steady build in ASE’s fundamentals. In Q1–Q3 2025, revenues and net income generally trended higher, with ATM driving growth and EMS lagging. Margins improved from mid-teens gross to high-teens by Q3 2025, while balance sheet metrics like current ratio and net debt to equity stayed manageable. The new Q4 and full-year 2025 results extend this trajectory, with higher revenues, EPS, and margin expansion, reinforcing the multi-quarter improvement highlighted in prior earnings releases.

Historical Comparison

earnings

-0.2 %

Average Historical Move

Historical Analysis

Across the last five earnings releases, ASX’s average next-day move was about -0.23%, showing that even solid results often generated only modest or mixed price reactions.

Typical Pattern

Earnings from Q3 2024 through Q3 2025 show rising revenues, improving gross and operating margins, and growing ATM contribution, with EMS comparatively weaker yet stable. The new Q4/FY 2025 report extends this multi-quarter improvement trend.

Market Pulse Summary

This announcement details robust 4Q25 and full-year 2025 performance, with net revenues of NT$177,91...

Analysis

This announcement details robust 4Q25 and full-year 2025 performance, with net revenues of NT$177,915 million for the quarter and NT$645,388 million for the year, alongside higher EPS and improved gross and operating margins. ATM remains the growth engine, while EMS is more subdued. Compared with earlier 2025 quarters and FY 2024, the results extend a trend of gradual margin and earnings improvement. Investors may watch future segment mix, capex levels, and continued margin progression in upcoming periods.

Key Terms

ifrs, ebitda, ads

3 terms

ifrs regulatory

"presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS"

International Financial Reporting Standards (IFRS) are a set of common accounting rules used by many companies worldwide to prepare financial statements, so numbers like revenue, profit and assets are measured in the same way across borders. For investors, IFRS matters because it makes it easier to compare the financial health and performance of different companies—like using the same ruler to measure different objects—reducing surprises and helping informed investment decisions.

ebitda financial

"2 EBITDA stands for net income or loss before interest, taxes, depreciation, amortization"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

ads financial

"Basic earnings per share for the quarter were NT$3.37 (or US$0.219 per ADS)"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

AI-generated analysis. Not financial advice.

TAIPEI, Feb. 5, 2026 /PRNewswire/ --  ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX) ("We", "ASEH", or the "Company"), the leading provider of semiconductor assembly and testing services ("ATM") and the provider of electronic manufacturing services ("EMS"), today reported its unaudited[^{1 ]}net revenues of NT$177,915 million for 4Q25, up by 9.6% year-over-year and up by 5.5% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$14,713 million, up from NT$9,312 million in 4Q24 and up from NT$10,870 million in 3Q25.  Basic earnings per share for the quarter were NT$3.37 (or US$0.219 per ADS), compared to NT$2.15 for 4Q24 and NT$2.50 for 3Q25.  Diluted earnings per share for the quarter were NT$3.24 (or US$0.210 per ADS), compared to NT$2.07 for 4Q24 and NT$2.41 for 3Q25.

For the full year of 2025, the Company reported unaudited net revenues of NT$645,388 million and net income attributable to shareholders of the parent of NT$40,658 million.  Basic earnings per share for the full year of 2025 were NT$9.37 (or US$0.601 per ADS).  Diluted earnings per share for the full year of 2025 were NT$8.89 (or US$0.571 per ADS).

RESULTS OF OPERATIONS

4Q25 Results Highlights – Consolidated

• Net revenues from packaging operations, testing operations, EMS operations, and others represented approximately 49%, 12%, 38%, and 1% of the total net revenues for the quarter, respectively.
• Cost of revenues was NT$143,179 million for the quarter, up from NT$139,692 million in 3Q25.
  • -            Raw material cost totaled NT$85,490 million for the quarter, representing 48% of the total net revenues.
  • -            Labor cost totaled NT$19,611 million for the quarter, representing 11% of the total net revenues.
  • -            Depreciation, amortization and rental expenses totaled NT$16,525 million for the quarter.
• Gross margin increased by 2.4 percentage points to 19.5% in 4Q25 from 17.1% in 3Q25.
• Operating margin was 9.9% in 4Q25, compared to 7.8% in 3Q25.
• Non-operating items:
  • -            Net interest expense was NT$1,712 million.
  • -            Net gain on foreign exchange hedging activities of NT$1,384 million.
  • -            Net gain on equity-method investments was NT$257 million.
  • -            Other net non-operating income was NT$641 million, primarily attributable to miscellaneous income.

Total non-operating income for the quarter was NT$570 million.

• Income before tax was NT$18,260 million in 4Q25, compared to NT$13,976 million in 3Q25. We recorded income tax expenses of NT$3,248 million for the quarter, compared to NT$2,615 million in 3Q25.
• Net income attributable to shareholders of the parent was NT$14,713 million in 4Q25, compared to NT$9,312 million in 4Q24 and NT$10,870 million in 3Q25. 
• Our total number of shares outstanding at the end of the quarter was 4,447,029,782, including treasury stock owned by our subsidiaries in 4Q25. Our 4Q25 basic earnings per share of NT$3.37 (or US$0.219 per ADS) were based on 4,360,886,216 weighted average number of shares outstanding in 4Q25.  Our 4Q25 diluted earnings per share of NT$3.24 (or US$0.210 per ADS) were based on 4,462,335,188 weighted average number of shares outstanding in 4Q25.

4Q25 Results Highlights – ATM

• Net revenues were NT$109,707 million for the quarter, up by 24.2% year-over-year and up by 9.4% sequentially.
• Cost of revenues was NT$80,883 million for the quarter, up by 19.4% year-over-year and up by 4.2% sequentially.
  • -            Raw material cost totaled NT$31,146 million for the quarter, representing 28% of the total net revenues.
  • -            Labor cost totaled NT$16,050 million for the quarter, representing 15% of the total net revenues.
  • -            Depreciation, amortization and rental expenses totaled NT$15,075 million for the quarter.
• Gross margin increased by 3.7 percentage points to 26.3% in 4Q25 from 22.6% in 3Q25.
• Operating margin was 14.7% in 4Q25, compared to 10.8% in 3Q25.

4Q25 Results Highlights – EMS

• Net revenues were NT$68,991 million, down by 7.9% year-over-year and relatively stable sequentially.
• Cost of revenues for the quarter was NT$62,752 million, down by 8.7% year-over-year and up by 0.2% sequentially.
  • -            Raw material cost totaled NT$54,638 million for the quarter, representing 79% of the total net revenues.
  • -            Labor cost totaled NT$3,390 million for the quarter, representing 5% of the total net revenues.
  • -            Depreciation, amortization and rental expenses totaled NT$1,184 million for the quarter.
• Gross margin decreased by 0.2 percentage points to 9.0% in 4Q25 from 9.2% in 3Q25.
• Operating margin was 2.8% in 4Q25, compared to 3.7% in 3Q25.

2025 Full-Year Results Highlights – Consolidated

• Net revenues for the full year of 2025 amounted to NT$645,388 million, up by 8.4% from the full year of 2024. Net revenues from packaging operations, testing operations, EMS operations and others represented approximately 48%, 11%, 40% and 1% of total net revenues for the year, respectively.
• Cost of revenue for the year of 2025 was NT$531,195 million, compared to NT$498,478 million in 2024.
  • -            Raw material cost totaled NT$312,261 million for the year, representing 48% of total net revenues.
  • -            Labor cost totaled NT$73,128 million for the year, representing 11% of total net revenues.
  • -            Depreciation, amortization and rental expenses totaled NT$62,030 million for the year.
• Gross margin increased by 1.4 percentage points to 17.7% in 2025 from 16.3% in 2024.
• Operating margin increased to 7.9% in 2025 from 6.6% in 2024.
• Total non-operating income for the year was NT$545 million, compared to NT$2,517 million in 2024.
• Income before tax was NT$51,301 million in 2025.  We recognized an income tax expense of NT$9,461 million for the year. 
• Net income attributable to shareholders of the parent amounted to NT$40,658 million in 2025, compared to NT$32,483 million in 2024.
• Our 2025 basic earnings per share of NT$9.37 (or US$0.601 per ADS) were based on 4,341,193,479 weighted average numbers of shares outstanding in 2025.  Our 2025 diluted earnings per share of NT$8.89 (or US$0.571 per ADS) were based on 4,429,553,334 weighted average number of shares outstanding in 2025.

2025 Full-Year Results Highlights – ATM

• Cost of revenues for the full year of 2025 was NT$297,848 million, compared to NT$252,712 million in 2024.
  • -            Raw material cost totaled NT$109,776 million for the year, representing 28% of total net revenues.
  • -            Labor cost totaled NT$59,876 million for the year, representing 15% of total net revenues.
  • -            Depreciation, amortization and rental expenses totaled NT$56,435 million for the year.
• Gross margin increased to 23.5% in 2025 from 22.5% in 2024.
• Operating margin increased to 11.3% in 2025 from 9.8% in 2024.

2025 Full-Year Results Highlights – EMS

• Cost of revenues was NT$235,384 million in 2025, down by 5.1% from 2024.
  • -            Raw material cost totaled NT$203,824 million for the year, representing 79% of total net revenues.
  • -            Labor cost totaled NT$12,774 million for the year, representing 5% of total net revenues.
  • -            Depreciation, amortization and rental expenses totaled NT$4,574 million for the year.
• Gross margin increased to 9.1% in 2025 from 9.0% in 2024.
• Operating margin was 2.9% in both 2025 and 2024.

LIQUIDITY AND CAPITAL RESOURCES

• Equipment capital expenditures in 4Q25 totaled US$733 million, of which US$485 million was used in packaging operations, US$218 million in testing operations, US$28 million in EMS operations and US$2 million in interconnect materials operations and others.
• Equipment capital expenditures in 2025 totaled US$3,396 million, of which US$2,104 million was used in packaging operations, US$1,140 million in testing operations, US$139 million in EMS operations and US$13 million in interconnect materials operations and others.
• Total unused credit lines amounted to NT$400,617 million as of December 31, 2025.
• Current ratio was 1.28 and net debt to equity ratio was 0.46 as of December 31, 2025.
• Total number of employees was 105,955 as of December 31, 2025, compared to 103,844 as of September 30, 2025.

BUSINESS REVIEW

Customers
ATM BASIS

• Our five largest customers together accounted for approximately 41% of our total net revenues in both 4Q25 and 3Q25. Two customers each accounted for more than 10% of our total net revenues in 4Q25 individually.
• Our top 10 customers contributed 58% of our total net revenues in both 4Q25 and 3Q25.
• Our customers that are integrated device manufacturers or IDMs accounted for 35% of our total net revenues in both 4Q25 and 3Q25. 

EMS BASIS

• Our five largest customers together accounted for approximately 70% of our total net revenues in 4Q25, compared to 71% in 3Q25. One customer accounted for more than 10% of our total net revenues in 4Q25.
• Our top 10 customers contributed 76% of our total net revenues in 4Q25, compared to 77% in 3Q25.

1 All financial information presented in this press release is unaudited, consolidated and prepared in accordance with Taiwan-IFRS (International Financial Reporting Standards as endorsed for use in the R.O.C.).  Such financial information is generated internally by us and has not been subjected to the same review and scrutiny, including internal auditing procedures and audit by our independent auditors, to which we subject our year-end audited consolidated financial statements, and may vary materially from the year-end audited consolidated financial information for the same period.  Any evaluation of the financial information presented in this press release should also take into account our published year-end audited consolidated financial statements and the notes to those statements.  In addition, the financial information presented is not necessarily indicative of our results of operations for any future period. 2 EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and investment gain or loss as well as other items. 3 Borrowings include bank loans and bills payable.

About ASE Technology Holding Co., Ltd.
ASEH is the leading provider of semiconductor manufacturing services in assembly and test. The Company develops and offers complete turnkey solutions covering front-end engineering test, wafer probing and final test, as well as packaging, materials and electronic manufacturing services through USI with superior technologies, breakthrough innovations, and advanced development programs. With advanced technological capabilities and a global presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia, Philippines, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for reliable, high quality products and services. 
For more information, please visit our website at https://www.aseglobal.com.

Safe Harbor Notice
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended.  These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.  Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release.  The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release.  These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. The announced results of the full year of 2025 are preliminary and subject to audit adjustments. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2024 Annual Report on Form 20-F filed on March 27, 2025.

Supplemental Financial Information
(Unaudited)

Consolidated Operations

	4Q25	3Q25	4Q24
EBITDA[2] (NT$ million)	38,344	32,613	28,797

ATM Operations

	4Q25	3Q25	4Q24
Net Revenues (NT$ million)	109,707	100,289	88,363
Revenues by Application
Communication	45 %	45 %	53 %
Computing	25 %	25 %	17 %
Automotive, Consumer & Others	30 %	30 %	30 %
Revenues by Type
Bumping, Flip Chip, WLP & SiP	49 %	48 %	47 %
Wirebonding	24 %	26 %	27 %
Others	7 %	6 %	7 %
Testing	19 %	18 %	18 %
Material	1 %	2 %	1 %
Capacity & EBITDA
Equipment CapEx (US$ million)	704	736	616
EBITDA2 (NT$ million)	34,451	27,969	24,845
Number of Wirebonders	25,001	25,120	25,328
Number of Testers	7,359	7,066	6,300

EMS Operations

	4Q25	3Q25	4Q24
Net Revenues (NT$ million)	68,991	69,022	74,895
Revenues by Application
Communication	30 %	30 %	37 %
Computing	11 %	9 %	9 %
Consumer	36 %	40 %	33 %
Industrial	13 %	12 %	11 %
Automotive	8 %	7 %	8 %
Others	2 %	2 %	2 %
Capacity
Equipment CapEx (US$ million)	28	40	24

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million, except per share data)
(Unaudited)

	For the three months ended						For the year ended
	Dec. 31 2025		Sep. 30 2025		Dec. 31 2024		Dec. 31 2025		Dec. 31 2024
Net revenues
Packaging	86,465		79,806		70,285		308,343		261,732
Testing	20,863		18,420		15,713		71,900		54,562
EMS	68,555		68,405		74,243		257,193		271,293
Others	2,032		1,938		2,023		7,952		7,823
Total net revenues	177,915		168,569		162,264		645,388		595,410
Cost of revenues	(143,179)		(139,692)		(135,633)		(531,195)		(498,478)
Gross profit	34,736		28,877		26,631		114,193		96,932
Operating expenses
Research and development	(8,960)		(8,308)		(7,676)		(32,852)		(28,830)
Selling, general and administrative	(8,086)		(7,368)		(7,744)		(30,585)		(28,935)
Total operating expenses	(17,046)		(15,676)		(15,420)		(63,437)		(57,765)
Operating income	17,690		13,201		11,211		50,756		39,167
Net non-operating income and expenses
Interest expense - net	(1,712)		(1,428)		(1,308)		(5,599)		(4,864)
Foreign exchange gain (loss) - net	(2,992)		(3,790)		(2,787)		3,428		(5,539)
Gain on valuation of financial assets and liabilities - net	4,376		5,191		4,017		341		9,833
Gain (Loss) on equity-method investments - net	257		294		(133)		814		868
Others - net	641		508		441		1,561		2,219
Total non-operating income and expenses	570		775		230		545		2,517
Income before tax	18,260		13,976		11,441		51,301		41,684
Income tax expense	(3,248)		(2,615)		(1,862)		(9,461)		(7,758)
Income from operations and before non-controlling interests	15,012		11,361		9,579		41,840		33,926
Non-controlling interests	(299)		(491)		(267)		(1,182)		(1,443)
Net income attributable to shareholders of the parent	14,713		10,870		9,312		40,658		32,483
Per share data:
Earnings per share
– Basic	NT$3.37		NT$2.50		NT$2.15		NT$9.37		NT$7.52
– Diluted	NT$3.24		NT$2.41		NT$2.07		NT$8.89		NT$7.23
Earnings per equivalent ADS
– Basic	US$0.219		US$0.168		US$0.134		US$0.601		US$0.470
– Diluted	US$0.210		US$0.162		US$0.129		US$0.571		US$0.452
Number of weighted average shares used in diluted EPS calculation (in thousand shares)	4,462,335		4,419,121		4,399,409		4,429,553		4,392,013
FX (NTD/USD)	30.88		29.74		32.16		31.15		32.00

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million) 
(Unaudited)

	For the three months ended						For the year ended
	Dec. 31 2025		Sep. 30 2025		Dec. 31 2024		Dec. 31 2025		Dec. 31 2024
Net revenues:
Packaging	87,397		80,602		71,342		311,799		265,858
Testing	20,863		18,420		15,713		71,900		54,562
Direct material	1,352		1,190		1,233		5,191		5,130
Others	95		77		75		338		325
Total net revenues	109,707		100,289		88,363		389,228		325,875
Cost of revenues	(80,883)		(77,592)		(67,754)		(297,848)		(252,712)
Gross profit	28,824		22,697		20,609		91,380		73,163
Operating expenses:
Research and development	(7,182)		(6,695)		(6,047)		(26,240)		(22,438)
Selling, general and administrative	(5,561)		(5,140)		(5,127)		(21,045)		(18,739)
Total operating expenses	(12,743)		(11,835)		(11,174)		(47,285)		(41,177)
Operating income	16,081		10,862		9,435		44,095		31,986

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
 (In NT$ million) 
(Unaudited)

	For the three months ended						For the year ended
	Dec. 31 2025		Sep. 30 2025		Dec. 31 2024		Dec. 31 2025		Dec. 31 2024
Net revenues	68,991		69,022		74,895		259,079		272,550
Cost of revenues	(62,752)		(62,643)		(68,713)		(235,384)		(248,135)
Gross profit	6,239		6,379		6,182		23,695		24,415
Operating expenses
Research and development	(1,813)		(1,671)		(1,673)		(6,787)		(6,542)
Selling, general and administrative	(2,467)		(2,167)		(2,523)		(9,286)		(9,883)
Total operating expenses	(4,280)		(3,838)		(4,196)		(16,073)		(16,425)
Operating income	1,959		2,541		1,986		7,622		7,990

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)

			As of Dec. 31, 2025			As of Sep. 30, 2025
Current assets
Cash and cash equivalents			92,469			75,142
Financial assets – current			9,514			8,270
Trade receivables			125,042			125,663
Inventories			69,383			66,182
Others			17,387			18,823
Total current assets			313,795			294,080
Financial assets - non-current & investments - equity -method			45,677			41,678
Property, plant and equipment			421,115			397,195
Right-of-use assets			12,636			12,725
Intangible assets			64,807			65,439
Others			31,303			31,527
Total assets			889,333			842,644
Current liabilities
Short-term borrowings[3]			43,328			59,976
Long-term debts - current portion			6,688			7,837
Trade payables			88,754			90,442
Others			105,579			101,298
Total current liabilities			244,349			259,553
Bonds payable			11,468			17,370
Long-term borrowings[3]			202,613			201,577
Other liabilities			57,536			24,591
Total liabilities			515,966			503,091
Equity attributable to shareholders of the parent			346,900			317,043
Non-controlling interests			26,467			22,510
Total liabilities & shareholders' equity			889,333			842,644
Current ratio			1.28			1.13
Net debt to equity ratio			0.46			0.63

ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income Data
(In NT$ million)
(Unaudited)

		For the three months ended										For the year ended
		Dec. 31 2025		Sep. 30 2025			Dec. 31 2024						Dec. 31 2025					Dec. 31 2024
Cash Flows from Operating Activities
Income before tax		18,260		13,976				11,441						51,301			41,684
Depreciation & amortization		17,825		16,992				15,360						67,440			59,815
Other operating activities items		34,720		(16,342)				8,444						23,508			(10,711)
Net cash generated from operating activities		70,805		14,626				35,245						142,249			90,788
Cash Flows from Investing Activities
Net payments for property, plant and equipment		(37,776)		(44,920)				(31,546)						(162,149)			(78,614)
Other investment activities items		(818)		(996)				(11)						(3,495)			(5,295)
Net cash used in investing activities		(38,594)		(45,916)				(31,557)						(165,644)			(83,909)
Cash Flows from Financing Activities
Total net proceeds from (repayment of) borrowings and bonds		(20,783)		49,518				(1,952)						67,043			16,487
Dividends paid		-		(23,034)				-						(23,034)			(22,460)
Other financing activities items		426		1,234				(121)						1,260			(1,298)
Net cash generated from (used in) financing activities		(20,357)		27,718				(2,073)						45,269			(7,271)
Foreign currency exchange effect		5,473		5,929				3,167						(5,898)			9,601
Net increase in cash and cash equivalents		17,327		2,357				4,782						15,976			9,209
Cash and cash equivalents at the beginning of period		75,142		72,785				71,711						76,493			67,284
Cash and cash equivalents at the end of period		92,469		75,142				76,493						92,469			76,493

Investor Relations Contact

        ir@aseglobal.com 

        Tel: +886.2.6636.5678

        https://www.aseglobal.com

View original content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-the-full-year-of-2025-302679779.html

SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE (ASX) 4Q25 revenues and net income?

ASE reported 4Q25 net revenues of NT$177,915 million and net income attributable of NT$14,713 million. According to the company, revenue rose 9.6% year-over-year and net income improved versus 4Q24 and 3Q25.

How did ASE's ATM segment perform in 4Q25 (ASX)?

ASE's ATM segment recorded NT$109,707 million in 4Q25 revenue, up 24.2% YoY. According to the company, ATM gross margin expanded and operating margin rose to 14.7% in the quarter.

What were ASE's full-year 2025 earnings per share (ASX)?

For 2025 ASE reported basic EPS of NT$9.37 and diluted EPS of NT$8.89. According to the company, these figures are based on weighted average shares outstanding for the year.

How much did ASE spend on capital expenditure in 2025 (ASX)?

ASE recorded US$3.396 billion of equipment capital expenditures in 2025. According to the company, most capex was allocated to packaging and testing operations during the year.

Should investors be concerned about ASE (ASX) customer concentration?

Customer concentration is high: top five customers contributed ~41% of consolidated revenue and ~70% of EMS revenue in 4Q25. According to the company, a small number of customers account for a large share of sales.