Macronix — Interim / Quarterly Report 2025

Jan 27, 2026

Macronix International Co., Ltd. Fourth Quarter 2025 Results January 27, 2026

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Safe Harbor Statement

The presentation and discussion contain certain forward-looking statements with respect to the results of operation, financial condition and current expectation. The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual results to differ from those or materially expressed implied by such statements.

Such risks and uncertainties include but are not limited to the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry wide shifts in supply and demand for semiconductor products, industry overcapacity, availability of manufacturing capacity, financial stability in end markets, and other risks.

The forward-looking statements in this release reflect the current belief of Macronix as of the date of this release and Macronix undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such date.

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Copyright © Macronix International Co., Ltd. 2
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A enda g

Welcome C.Y. Lu 4Q25 Financial Results Paul Yeh Business Update C.Y. Lu Remarks and Q&A C.Y. Lu

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4Q25 Financial Highlights

4Q25 3Q25 4Q24 Revenue NT$ 7.7 NT$ 8.2 NT$ 5.9 (Billion NT$) Gross 24.2% 13.5% 13.1% margin % Operating (5.1% ) (13.9%) (29.6%) margin %

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FY25 Financial Hi hli hts g g

2025 2024 Revenue NT$ 28.9 NT$ 25.9 (Billion NT$) Gross 17.8% 23.6% margin % Operating (12.8% ) (15.2%) margin %

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A enda g

Welcome C.Y. Lu 4Q25 Financial Results Paul Yeh Business Update C.Y. Lu Remarks and Q&A C.Y. Lu

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Quarterly Financial Results

Unit：NTD Million (except EPS) Net Sales Gross Profit Gross Margin% Operating Expenses Operating Income (Loss) Operating Margin% Net Non-Operating Income (Loss) (Loss)Income Before Taxes Income Taxes Benefit (Expense) Net(Loss)Income	4Q25 3Q25 4Q24	QoQ YoY
	7,729 8,214 5,913 1,868 1,112 777 24.2% 13.5% 13.1% (2,261) (2,256) (2,530) (392) (1,144) (1,753) (5.1%) (13.9%) (29.6%) 90 190 42 (302) (954) (1,710) 8 91 159 (294) (862) (1,551)	(6%) 31% 68% 140% 10.7ppt 11.1ppt 0% (11%) (66%) (78%) 8.8ppt 24.5ppt (68%) (82%) (66%) (81%)
Basic EPS(NT$)	(0.16) (0.47) (0.84)
EBITDA EBITDA % Weighted avg outstanding million shares	1,094 452 (379) 14% 6% (6%) 1,897 1,854 1,854

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2025 Revenue and O eratin Mar in p g g

Unit：NTD Million (except EPS) Net Sales Gross Profit Gross Margin% Operating Expenses Operating Income Operating Margin% Net Non-Operating Income (Loss) Income Before Taxes Income Taxes Benefit (Expense) Net Income	2025 2024	YoY
	28,880 25,883 5,131 6,099 17.8% 23.6% (8,829) (10,023) (3,698) (3,924) (12.8%) (15.2%) 64 378 (3,633) (3,546) 328 334 (3,305) (3,212)	12% (16%) (5.8ppt) (12%) (6%) 2.4ppt 2% 3%
Basic EPS(NT$)	(1.77) (1.73)
EBITDA 1,918 1,662 EBITDA% 7% 6% Weighted avg outstanding million shares 1,865 1,854

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Sales and Gross Mar in Rate g

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|||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2020|2021|2022|2023|2024|2025|
|39,801M|50,573M|43,487M|27,624M|25,883M|28,880M|
|Sales|
|Margin%|
|NTD M|Net Sales|Gross Margin%|
|16,000|
|14,974|
|14,545|
|60%|
|11,598|
|12,000|11,427|11,340|[11,471 ]|
|10,957|
|10,158|
|9,627|
|9,415 9,271|47%|[48%48%]|
|9,078|
|44%|40%|
|43%|8,214|
|7,755|7,729|
|8,000|39%|7,104|[7,429 ]|7,283|
|6,456|6,799|
|35%|[36%]|
|34%|5,808|
|32%|[34%]|5,760|5,913|[6,137 ]|24%|
|31%|
|30%29%|
|28%|
|25%|24%|20%|
|4,000|
|19%|[20%]|
|18%16%14%|
|13%|
|0|0%|
|1Q|2Q|3Q|4Q|1Q|2Q|3Q|4Q|1Q|2Q|3Q|4Q|1Q|2Q|3Q|4Q|1Q|2Q|3Q|4Q|1Q|2Q|3Q|4Q|
|20|21|22|23|24|25|

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Cor orate Value p

ate Value
	2025	2024
Basic EPS -- NT$	(1.77)	(1.73)
Book Value -- NT$	23.74	23.72

Basic EPS Book Value

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NTD
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NTD

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NT$ 0.5
29.0
(1.73) (1.77) cash dividend
25.8
24.9 24.6
23.7 23.7 23.7
2Q 3Q 4Q 22.9 22.9
(0.15) (0.16) (0.16)
1Q24 4Q 1Q25 2Q 3Q 22.0
(0.58) (0.84) (0.47) (0.69) (0.47) 1Q24 2Q 3Q 4Q 1Q25 2Q 3Q 4Q
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Return On Equity (GAAP)

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Annualized ROE - Reported Net Income / Sales
16%
13%
-7% -11%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025
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Sales / Total Assets
63%
184%
37%
2017 2018 2019 2020 2021 2022 2023 2024 2025
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Total Assets / Total Equity 174% 2017 2018 2019 2020 2021 2022 2023 2024 2025

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Quarterly Consolidated Condensed Balance Sheet

Unit: NTD Million (except BV)	12/31/'25	9/30/'25	12/31/'24
Cash	14,913	12,713	11,623
Inventory(Net)	9,813	10,097	13,406
Property, Plant and Equipment	38,549	39,599	41,874
Total Assets	78,500	76,222	77,877
Interest bearing debt - short term	6,844	7,044	4,706
Interest bearing debt - long term	17,386	19,064	20,793
Total Liabilities	32,693	33,795	33,897
Debt Ratio (%)	41.6%	44.3%	43.5%
Shareholders' Equity	45,808	42,427	43,980
Book Value -- NT$	23.74	22.86	23.72

Note: MXIC Issues 2025/12/31 outstanding million shares of 1,929

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Quarterly FCF and Capex Plan

Unit: NTD Million 4Q25 3Q25 4Q24	2025 2024
Cash Flow from Operating 2,558 1,913 1,095	4,838 (175)
Depreciation & Amortization 1,282 1,285 1,230	5,094 4,857
Cash Flow from Investing (153) (265) (825)	(1,724) (5,173)
Capital Expenditures (192) (311) (825)	(1,861) (5,420)
Cash Flow from Financing (294) (1,331) 1,172	396 5,008
Net Change 2,199 429 1,448 EndingBalance 14,913 12,713 11,623 Free Cash Flow* 2,365 1,602 270	3,289 (282)
	14,913 11,623
	2,976 (5,596)

*Net change includes the effect of exchange rate changes

**Free Cash Flow=Cash Flow from Operating - Capital Expenditures

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Quarterly Sales Breakdown by Products (Parent Company)

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Unit: NTD Million
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8,000
16%
21%
10%
52% QoQ YoY
Change Change
4,000
61%
58%
NAND +25% +213%
NOR +9% +41%
26% ROM -56% -34%
24%
12%
FBG -13% -8%
8% 6% 6%
0 * FBG (Foundry Business Group)
4Q24 3Q25 4Q25
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Annual Sales Breakdown by Products (Parent Company)

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Unit: NT$ Million
40,000
30,000
11%
9% 16%
11% 2025
YoY
20,000
51% Change
59% 61% NAND +62%
NOR +16%
10,000
ROM -14%
34%
21% FBG -13%
16%
FBG (Foundry Business Group)
6% 9% 7%
0
2023 2024 2025
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A enda g

Welcome C.Y. Lu 4Q25 Financial Results Paul Yeh Business Update C.Y. Lu Remarks and Q&A C.Y. Lu

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Business U date - ROM p

 ROM business

• Continuing customer oriented sales activities and maintaining close relationship with the major customer to support their seasonal demand

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Density shipment index: 1Q19 =100
600
545
483
406
383 [394 ] 386
400 368
348
331
290 292 307
280
269
256
248
222
214
193
176
200 159
147
117 110
100
91 95 90
0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2019 2020 2021 2022 2023 2024 2025
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Business U date - NOR p

 NOR business

 The demand from server and communication sectors shows strong growth.

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Density shipment index: 1Q20 =100 ≧75 nm
55 nm
200
150
139
134
122 [124 ]
117 [126 ] 117
105
100 94 92 90 100
100 86 87 [93 ]
76
66 66 [68 ] [73 ]
57 56
0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2020 2021 2022 2023 2024 2025
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The Best Flash Solution for Automobile A lications pp

 Auto business

 Automotive sector shows a steady recovery, with smart driving as the main growth driver.

NOR Flash by Automotive Density shipment Index: 1Q20 =100

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300
212
200
183 180 176 [184] 175 [178]
164
150 124 121 154 [164] 138 130 150 133 165 140 [150] 133
100 99
87
0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2020 2021 2022 2023 2024 2025
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Business Update NOR – Quarterly (Parent Company)

3Q25 NOR Revenue Breakdown 4Q25 NOR Revenue Breakdown

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Consumer, Comm, Consumer,
Comm,
7% 19% 6%
Computer, Auto, Computer, 21%
Auto,
37% 19% 39%
I.M.A., I.M.A., 18%
18% 16%
Computer Consumer Communication Automotive I.M.A
+15% QoQ +2% QoQ +20% QoQ -1% QoQ -1% QoQ
+55% YoY +12% YoY +50% YoY +4% YoY +16% YoY
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Note ：[] Comm: including handsets ；[*] I(Industrial), M(Medical), A(Aerospace-defense)

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Business Update NOR – Yearly (Parent Company)

2024 NOR Revenue Breakdown 2025 NOR Revenue Breakdown

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Consumer, Comm, Consumer, Comm,
10% 18% Auto, 7% 19% Auto,
Computer, 22% Computer, 20%
31% I.M.A., 36% I.M.A.,
19% 18%
Computer Consumer Communication Automotive I.M.A
+32% YoY -10% YoY +21% YoY +0% YoY -13% YoY
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Note ：[] Comm: including handsets ；[*] I(Industrial), M(Medical), A(Aerospace-defense)

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Business Update – NAND (including eMMC)

 NAND business

• Due to strong demand for memory, capacity crowding out has led to a supply shortage.

Sales ： NTD M

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eMMC
NAND
1,600
800
0
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2024 2025
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Note ：[*] NAND : including SLC NAND 、 MLC NAND & TLC NAND

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A enda g

Welcome C.Y. Lu 4Q25 Financial Results Paul Yeh Business Update C.Y. Lu Remarks and Q&A C.Y. Lu

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Copyright © Macronix International Co., Ltd. 23
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For more information regarding Macronix http://www.macronix.com

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For all inquiries, suggestions and comments ir@mxic.com.tw