FICG — Call Transcript 2025

Dec 22, 2025

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FIC Global Inc. Earnings Call

2025/12/23

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Financial Overview

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Revenue and Net Income

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Unit: NT$ Thousands
14,000,000
Unit: NT$ Thousands
12,000,000
Year Revenue Net Income
10,000,000
8,000,000
2022 12,448,435 723,053
Revenue
6,000,000 Net Income
2023 13,283,396 626,727
4,000,000
2024 13,101,747 246,505
2,000,000
2025 First
7,674,182 278,852
three quarters
0
2022 2023 2024 2025 First three
quarters
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2025 First Quarter to Third Quarter Income Statement

			Unit: NT$ Thousands	Unit: NT$ Thousands
Item	Jul 1st - Sep 30	%	Jan 1st - Sep 30	%
Revenue	2,293,700	100	7,674,182	100
Cost of good sold	(1,879,902)	(82)	(6,281,223)	(82)
Gross Profit	413,798	18	1,392,959	18
Selling Expenses	(124,615)	(5)	(387,218)	(5)
General and Administrative Expenses	(163,345)	(7)	(453,086)	(6)
Research and Development Expenses	(129,097)	(6)	(391,453)	(5)
Expected Credit Losses	12,336	1	817	-
Operating Income	9,077	1	162,019	2
Other Income / (Expenses)	28,107	1	228,981	3
Income Before Taxes	37,184	2	391,000	5
Income Tax Expense	(481)	-	(112,148)	(2)
Net Income	36,703	2	278,852	3

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Balance Sheet-Assets

Assets Current assets Cash and cash equivalents Financial assets at fair value through profit or loss - current Current financial assets at amortised cost Current contract assets Notes receivable, net Accounts receivable, net Accounts receivable - related parties Finance lease receivable due from related parties, net Other receivables Other receivables due from related parties Current tax assets Inventories Prepayments Other current assets, others Total current assets	30-Sep-25	30-Sep-25	31-Dec-24 AMOUNT % 2,444,233 17 32,160 - 977,150 7 11,149 - 269,232 2 3,705,770 26 43,699 1 15,578 - 40,489 - 5,042 - 44,091 - 2,873,634 20 702,647 5 4,735 - 11,169,609 78	Assets Non-current assets Non-current financial assets at fair value through other comprehensive income Non-current financial assets at amortised cost Investments accounted for under equity method Property, plant and equipment Right-of-use assets Investment property, net Intangible assets Deferred income tax assets Guarantee deposits paid Long-term finance lease receivable due from related parties, net Net defined benefit asset, non-current Other non-current assets Total non-current assets Total assets	Unit: NT$ Thousands 30-Sep-25 31-Dec-24 AMOUNT % AMOUNT % 9,390 - 32,624 - - - 10,000 - 422,111 3 428,034 3 1,171,100 8 850,601 6 639,676 5 537,702 4 835,773 6 896,851 7 197,771 1 28,241 - 138,934 1 180,552 1 84,997 1 62,658 1 2,550 - 13,640 - 6,519 - 6,474 - 3,926 - 28,776 - 3,512,747 25 3,076,153 22 14,313,720 100 14,245,762 100	Unit: NT$ Thousands 30-Sep-25 31-Dec-24 AMOUNT % AMOUNT % 9,390 - 32,624 - - - 10,000 - 422,111 3 428,034 3 1,171,100 8 850,601 6 639,676 5 537,702 4 835,773 6 896,851 7 197,771 1 28,241 - 138,934 1 180,552 1 84,997 1 62,658 1 2,550 - 13,640 - 6,519 - 6,474 - 3,926 - 28,776 - 3,512,747 25 3,076,153 22 14,313,720 100 14,245,762 100	Unit: NT$ Thousands 30-Sep-25 31-Dec-24 AMOUNT % AMOUNT % 9,390 - 32,624 - - - 10,000 - 422,111 3 428,034 3 1,171,100 8 850,601 6 639,676 5 537,702 4 835,773 6 896,851 7 197,771 1 28,241 - 138,934 1 180,552 1 84,997 1 62,658 1 2,550 - 13,640 - 6,519 - 6,474 - 3,926 - 28,776 - 3,512,747 25 3,076,153 22 14,313,720 100 14,245,762 100
	AMOUNT	%	AMOUNT			AMOUNT 32,624 10,000 428,034 850,601 537,702 896,851 28,241 180,552 62,658 13,640 6,474 28,776 3,076,153 14,245,762	%
	2,783,809 135,317 58,611 4,135 240,781 3,317,844 23,492 15,578 127,092 6,022 39,022 2,494,021 1,544,551 10,698	20 1 - - 2 23 - - 1 - - 17 11 -	2,444,233 32,160 977,150 11,149 269,232 3,705,770 43,699 15,578 40,489 5,042 44,091 2,873,634 702,647 4,735				- - 3 6 4 7 - 1 1 - - -
							22
	10,800,973	75	11,169,609				100

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Balance Sheet-Liabilities & Equity

Liabilities and Equity Current liabilities Short-term borrowings Current financial liabilities at fair value through profit or loss Current contract liabilities Notes payable Accounts payable Accounts payable - related parties Other payables Other payables - related parties Current income tax liabilities Current provisions Current lease liabilities Advance receipts Long-term liabilities, current portion Other current liabilities Total current liabilities Non-current liabilities Bonds payable Non-current provisions Deferred tax liabilities Non-current lease liabilities Long-term notes and accounts payable to related parties Net detined benefit liabilities Other non-current liabilities Total non-current liabilities Total liabilities	30-Sep-25 AMOUNT % 241,655 2 - - 216,021 1 307 - 1,553,105 11 6,408 - 680,301 5 117,673 1 17,370 - 9,385 - 254,370 2 1,426,253 10 42,239 - 21,544 - 4,586,631 32 54,152 - 1,827 - 151,018 1 374,178 3 2,498,242 17 - - 65,482 1 3,144,899 22 7,731,530 54	31-Dec-24 AMOUNT % 57,767 1 10,932 - 231,677 2 307 - 2,448,116 17 8,823 - 706,943 5 1,896,478 13 18,326 - 7,241 - 252,696 2 620,591 4 580,125 4 7,611 - 6,847,633 48 - - 2,770 - 110,036 1 315,198 2 378,185 3 - - 46,379 - 852,568 6 7,700,201 54	Liabilities and Equity Equity Equity attributable to owners of parent Share capital Common stock Capital surplus Capital surplus Retained earnings Legal reserve Special reserve Unappropriated retained earnings Other equity interest Other equity interest Total Equity attributable to owners of the parent Non-controlling interests Total equity Significant Events after the Balance Sheet Date Total liabilities and equity	Unit: NT$ Thousands 30-Sep-25 31-Dec-24 AMOUNT % AMOUNT % 2,365,266 17 2,365,266 17 1,648,010 11 1,639,600 11 137,753 1 134,195 1 342,340 2 427,552 3 866,979 6 553,793 4 (506,599) (3) (342,340) (2) 4,853,749 34 4,778,066 34 1,728,441 12 1,767,495 12 6,582,190 46 6,545,561 46 14,313,720 100 14,245,762 100	Unit: NT$ Thousands 30-Sep-25 31-Dec-24 AMOUNT % AMOUNT % 2,365,266 17 2,365,266 17 1,648,010 11 1,639,600 11 137,753 1 134,195 1 342,340 2 427,552 3 866,979 6 553,793 4 (506,599) (3) (342,340) (2) 4,853,749 34 4,778,066 34 1,728,441 12 1,767,495 12 6,582,190 46 6,545,561 46 14,313,720 100 14,245,762 100	Unit: NT$ Thousands 30-Sep-25 31-Dec-24 AMOUNT % AMOUNT % 2,365,266 17 2,365,266 17 1,648,010 11 1,639,600 11 137,753 1 134,195 1 342,340 2 427,552 3 866,979 6 553,793 4 (506,599) (3) (342,340) (2) 4,853,749 34 4,778,066 34 1,728,441 12 1,767,495 12 6,582,190 46 6,545,561 46 14,313,720 100 14,245,762 100
				AMOUNT 2,365,266 1,648,010 137,753 342,340 866,979 (506,599) 4,853,749 1,728,441 6,582,190 14,313,720	AMOUNT 2,365,266 1,639,600 134,195 427,552 553,793 (342,340) 4,778,066 1,767,495 6,545,561 14,245,762	%
						17 11 1 3 4 (2)
						34 12
						46
						100

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FICG

Optical Transceiver SATCOM Marine Industrial / Automotive Smart City

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5%
22%
48%
16%
9%
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Brand+Satcom Malaysia Sales Motivation OPTICAL SATCOM

OCS + CPO Flip Chip

HIGH PROFIT NEW PRODUCT

Smart Product Cybersecurity SMART VERTICAL BD SMART SCREEN

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Group OCS+CPO Global Business AI Growth FIC Global Optical TW.US.JP.MY.CN Mass Production Localized Plans & Lines Service

Brand+System Driven Sales SATCOM High Profit New Product

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FIC Global Inc. Thank You!

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