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QCI — AGM Information 2026
Jun 9, 2026
52045_rns_2026-06-09_0496fd31-ff1c-48f8-8c55-dbcc302f1d64.pdf
AGM Information
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TWSE Ticker: 2382.TT
QUANTA COMPUTER INC.
2026 Annual General Shareholders' Meeting
Meeting Minutes
May 29, 2026
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QUANTA COMPUTER INC.
2026 Annual General Shareholders' Meeting Minutes
Time: May 29, 2026 (Friday) at 9:00 am
Venue: Quanta Computer (B1, No. 188, Wenhua 2nd Rd., Guishan Dist., Taoyuan City, Taiwan)
Total shares represented by shareholders present in person or proxy: 3,235,621, 600 shares, or 83.76% of total outstanding shares of 3,862,627,432
Chairman: Barry Lam
Attended Directors: Barry Lam, C.C. Leung, C.T. Huang, Elton Yang
Attended Independent Directors/Audit Committee Members: Hung Ching Lee, Wan Wan Lin, Chi Chih Lu
Attendees: Shu-Ling Lien (CPA), Pei-Chi Hung (Lawyer)
Recorder: Hsin-Yi Chien
The aggregate shareholding of the shareholders present in person or proxy constituted a quorum.
The Chairman called the meeting to order.
Chairman's Address: (Omitted)
I. Report Items
Item 1.
(Proposed by the Board of Directors)
Proposal: Report distribution of remuneration to Directors and employees' bonus (including non-managerial employees) for FY2025.
Description:
(1) The distribution plan is in accordance with Article 27 of the Company's Articles of Incorporation.
(2) The distribution plan for employees' bonus and remuneration to directors has been resolved by the Company's Remuneration Committee and proposed to the Board of Directors for resolution. Thus, the distribution plan is reported to the shareholders' meeting.
(3) The Company is to allocate NT$14,000,000 for directors' remuneration and NT$7,471,341,633 for employees' bonus, including NT$149,426,833 for non-managerial employees. Both employees' bonus and remuneration to directors are distributed in cash.
(4) The distribution plan for employees' bonus and directors' remuneration is calculated based on the most recent financial statements, which is no different from the original estimate.
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Item 2.
(Proposed by the Board of Directors)
Proposal: Report the distribution plan of FY2025 cash dividend.
Description:
(1) The distribution plan is in accordance with the Company Act and Article 27-1 & Article 27-2 of the Company's Articles of Incorporation.
(2) The Board of Directors has resolved to distribute cash dividend for 1H25 and 2H25, details are as follows:
| FY2025 | Date of BoD Resolution (YYYY/MM/DD) | Cash dividends per share (NT$) | Total Amount of Cash Distribution (NT$) | Distribution Date |
|---|---|---|---|---|
| 1H25 | 2025/08/12 | $0.0 | $0 | NA |
| 2H25 | 2026/02/26 | $15.6 | $60,256,987,940 | TBD |
| TOTAL | $15.6 | $60,256,987,940 | - |
(3) Distribution of cash dividend is rounded up to dollar, or yuan, the total round off will be allocated to other income.
Item 3.
(Proposed by the Board of Directors)
Proposal: Report the status of ECB issuance
Description:
(1) The issuance is in accordance with Article 246 of the Company Act
(2) The Board of Directors has resolved the fifth issuance of unsecured overseas convertible bonds on August 12, 2025 to support funding needs of procuring raw materials in foreign currencies. The fifth issuance of ECB was approved by the Financial Supervisory Commission (FSC) on September 23, 2025 with approval No. 1140358182. Proceeds from the ECB issuance were made on October 2, 2025. The ECB amounting to US$1,000,000 thousand at zero coupon rate and a par value of US$200,000 per bond, 100% issued with the maturity date set on October 2, 2030.
(3) For more details, please visit https://emops.twse.com.tw/server-java/t58query
Summary of comments from shareholder 329180:
Please provide a supplementary explanation regarding the financial statement disclosures for the issuance of ECB.
The Chairman designated CFO to respond.
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II. Approval Items
Item 1.
(Proposed by the Board of Directors)
Proposal: To accept FY2025 business report and financial statements (including independent auditor's report and Audit Committee' review report)
Description:
Quanta Computer's FY2025 Financial Statements, including Consolidated Financial Statements and Parent Company Only Financial Statements, were audited and certified by KPMG Certified Public Accountants. FY2025 business report and financial statements were reviewed by the Audit Committee, approved by the Board of Directors, and is proposed to the shareholders' meeting for approval.
Please refer to attachment I ~ III, and for financial reports please refer to website: https://emops.twse.com.tw/server-java/t58query
Resolution:
The number of votes casted for the proposal was 91.61% of the votes represented by the shareholders present.
RESOLVED, that the FY2025 business report and financial statements were hereby accepted as submitted.
| Item | Votes Casted | For | Against | Invalid | Abstain |
|---|---|---|---|---|---|
| Shares | 3,235,621,600 | 2,964,290,842 | 255,131 | 0 | 271,075,627 |
| Percentage | 100.00% | 91.61% | 0.00% | 0.00% | 8.37% |
Note: the number of shares listed above includes votes casted from the electronic voting platform.
Item 2.
(Proposed by the Board of Directors)
Proposal: To approve the allocation of FY2025 distributable earnings
Description:
(1) Allocation of FY2025 distributable earnings was reviewed by the Audit Committee and approved by the Board of Directors. The amount of distributable earnings is derived from net income after tax and after a 10% legal capital reserve in accordance with Article 27-1 of the Company's Articles of Incorporation. The distribution details are shown below and are proposed to the shareholders' meeting for approval.
Quanta Computer Inc.
FY2025 Allocation of Distributable Earnings
Unit: NT$
| Item | Amount | |
|---|---|---|
| Undistributed earnings at the beginning of the period | $56,647,579,123 | |
| Add: net income after tax for the period | $74,987,699,988 | |
| Other adjustments | 103,125,835 | $75,090,825,823 |
| Less: legal reserve appropriated | (7,509,082,582) | |
| Less: reversal of special reserve | (1,194,319,593) | (8,703,402,175) |
| Available earnings for distribution for the period | 123,035,002,771 | |
| Earnings Distribution: | ||
| Distribution for 1H | 0 | |
| Distribution for 2H (cash) | (60,256,987,940) | (60,256,987,940) |
| Undistributed earnings at the end of the period | 62,778,014,831 |
Note: the stock dividend is NT$0 per share, cash dividend is NT$15.60 per share.
Resolution:
The number of votes casted for the proposal was 91.66% of the votes represented by the shareholders present.
RESOLVED, that the allocation of FY2025 distributable earnings was hereby accepted as submitted.
| Item | Votes Casted | For | Against | Invalid | Abstain |
|---|---|---|---|---|---|
| Shares | 3,235,621,600 | 2,965,852,204 | 265,817 | 0 | 269,503,579 |
| Percentage | 100.00% | 91.66% | 0.00% | 0.00% | 8.32% |
Note: the number of shares listed above includes votes casted from the electronic voting platform.
Summary of comments from shareholder 329180:
Please provide supplementary explanations regarding the Company's business outlook for the second half of FY2026 and elaboration on financial statements disclosure.
The Chairman and the CFO responded to shareholder inquiries respectively.
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III. Discussion Items
Item 1.
(Proposed by the Board of Directors)
Proposal: To approve the issuance of Global Depositary Receipts (GDRs)
Description:
(1) In order to raise funds required for the Company's future development and to internationalize and diversify the Company's financing channels, it is proposed that the shareholders authorize the Board of Directors ("Board"), depending on the market conditions and the Company's capital needs, to issue new common shares ("New Shares") for cash to sponsor issuance of the GDSs ("DR Offering") at an appropriate time in accordance with applicable laws and the following principles:
i. The number of New Shares to be issued by the Company in connection with the DR Offering should be determined by the Board which shall not exceed 245,000,000 common shares ("Issuance Limit"), and the Board may, within the Issuance limit and based on market conditions, adjust the issue size, provided that the New Shares should be issued by the Company at one time.
ii. The issue price of the New Shares will be determined with reference to (a) the closing price of the Company's common shares on the pricing date, or (b) the average of the closing price of the Company's common shares for 1, 3 or 5 trading days prior to the pricing date (each of (a) or (b) is referred to hereinafter as the "Reference Price"). However, the Chairman is authorized to coordinate with the international lead underwriter to determine the actual issue price ("Actual Price") in accordance with market conditions, provided that the Actual Price shall not be less than 90% of the Reference Price after deduction of ex-rights for free share distribution (or ex-rights for capital reduction) and ex-dividend.
The setting of the aforementioned Reference Price and Actual Price is in accordance with market practice and the "Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms", thus the method of setting the issue price should be reasonable.
iii. 10% of the New Shares to be issued shall be allocated for the Company's employees' subscription under Article 267 of the Company Act. Rights to subscribe to the remaining 90% shall be waived by the original shareholders, and such remaining 90% should be offered to the public under Article 28-1 of the Securities and Exchange Act as the underlying shares of the GDSs to be sold in the DR Offering, subject to the approval of the shareholders' meeting. Any New Shares not subscribed by employees of the Company shall be subscribed by designated person(s) as determined by the Chairman or included as underlying shares of the GDSs.
(2) The Board is authorized to determine the terms and conditions of the DR Offering (issue price, number of shares to be issued, and issuance amount to be raised), plan for the use of proceeds, the estimated effect, etc. and all other matters related to the DR Offering based on market conditions. The Board is also authorized to make any amendments thereto as required by the competent authority or as may be deemed necessary due to operational evaluation or change in objective
circumstances.
(3) To facilitate the issuance of New Shares to sponsor the DR Offering, the Chairman or the Chairman's designee is authorized, on behalf of the Company, to approve and execute all agreements and documents in connection with the DR Offering and handle all matters relating to the DR Offering.
(4) Based on the maximum issuance of 245,000,000 New Shares and assuming that the Actual Price is not lower than 90% of the adjusted Reference Price, after deduction of ex-rights for free share distribution (or ex-rights for capital reduction) and ex-dividend, the maximum dilution ratio of the original shareholders' equity will be 5.97% which is not expected to have a material dilutive effect on the shareholding of the current existing shareholders, and should not have a material adverse impact on the current existing shareholders' equity interest.
(5) This proposal has been approved by the Audit Committee on February 26, 2026, and by the Board of Directors on February 26, 2026, and is hereby submitted to the shareholders' meeting for discussion and approval in accordance with the law.
Resolution:
The number of votes casted for the proposal was 82.81% of the votes represented by the shareholders present.
RESOLVED, that the proposed issuance of Global Depositary Receipts (GDRs) was hereby accepted as submitted.
| Item | Votes Casted | For | Against | Invalid | Abstain |
|---|---|---|---|---|---|
| Shares | 3,235,621,600 | 2,679,703,450 | 264,407,435 | 0 | 291,510,715 |
| Percentage | 100.00% | 82.81% | 8.17% | 0.00% | 9.00% |
Note: the number of shares listed above includes votes casted from the electronic voting platform.
IV. Other Business and Special Motion: None
Shareholder Comments:
- Summary of comments from shareholder 22289, SinoPac Securities:
What specific measures did the Company implement in FY2025 to increase the usage of renewable energy in response to climate change? Furthermore, what are the plans for enhancing renewable energy adoption over the next three years?
Addressed by CFO:
In response to climate change, the Company has consistently driven initiatives centered on energy conservation, carbon reduction, and energy transition. In 2025, we installed rooftop solar panels at our production sites in Thailand and Vietnam to generate green electricity for self-consumption. Concurrently, our manufacturing sites in Vietnam and Germany have achieved nearly 100% renewable energy utilization, while our China production sites have reached 58%. Over the next three years, we will steadily advance our efforts by continuing to elevate our global renewable energy usage ratio and reinforcing our energy management mechanisms.
- Summary of comments from shareholder 307035, SinoPac Futures:
To improve data accuracy, has the Company established a timeline for implementing digital systems dedicated to carbon accounting and supply chain data management?
Addressed by CFO:
The Company has already introduced a digital management mechanism to facilitate the collection, aggregation, and management of carbon accounting data across both the organization and our supply chain. Furthermore, we are continuously optimizing our data review, tracking, and verification processes. This allows us to enhance data accuracy, traceability, and consistency across all manufacturing facilities.
V. Meeting Adjourned: 09:40 AM
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Attachments
Attachment I. Financial Statements
KPMG
华侃建京群合管理科学合作
KPMG
台北市110615信義路5段7號68樓(台北101大樓)
68F., TAIPEI 101 TOWER, No. 7, Sec. 5
Xinyi Road, Taipei City 110615, Taiwan (R.O.C.)
電話 Tel +886 2 8101 6666
傳真 Fax +886 2 8101 6667
網址 Web kpmg.com/tw
Independent Auditors' Report
To the Board of Directors of Quanta Computer Inc.:
Opinion
We have audited the consolidated financial statements of Quanta Computer Inc. and its subsidiaries (“the Group”), which comprise the consolidated statements of financial position as of December 31, 2025 and 2024, the consolidated statement of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and with the International Financial Reporting Standards (“IFRSs”), International Accounting Standards (“IASs”), Interpretations developed by the International Financial Reporting Interpretations Committee (“IFRIC”) or the former Standing Interpretations Committee (“SIC”) endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China.
Basis for Opinion
We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.
1. Revenue Recognition
For accounting policies of revenue recognition, please refer to Note (4)(p) on revenue recognition in the consolidated financial statement; for the explanation of recognition, please refer to Note (6)(v) in the consolidated financial statement.
KPMG
Description of the key audit matter:
The Group engages primarily in the manufacturing, processing, and sales of laptop computers and cloud-computing server related products. Varying transaction terms will cause different timing for control of products' being transferred. Therefore, the timing for revenue recognition has been identified as a key audit matter.
How the matter was addressed in our audit:
In relation to the key audit matter above, our key audit procedures include understanding the Group's main sources of revenues, contract provisions, and transaction terms to evaluate the adequacy of the timing of revenue recognition; testing the control methods for the procedures related to the shipment operation and revenue recognition under the internal control of the Group; selecting the shipments of the Group in the period around the balance sheet date and checking the certificates and forms to confirm whether the sales revenue is recognized in the appropriate period in the financial statements.
- Allowance for Inventory Valuation and Obsolescence Losses
Please refer to Notes (4)(h), (5) and (6)(g) for accounting policies, accounting assumptions and estimation uncertainty, and related disclosure information for inventory, respectively.
Description of the key audit matter:
Inventories are stated at the lower of cost or net realizable value. With the rapid development of technology, the advance of new electronic products may significantly change consumer demands, which leads to product obsolescence that may result in the cost of inventory to be higher than the net realizable value, and the net realizable value relates to the management judgement. Consequently, the valuation of inventories has been identified as a key audit matter.
How the matter was addressed in our audit:
In relation to the key audit matter above, our key audit procedures include understanding the Group's inventory write-down policy, evaluating the reasonableness of the methods and assumptions used for inventory write-downs, obtaining detailed calculations of inventory write-downs and verifying their consistency with accounting records, re-evaluating the write-downs according to the Group's policy, reviewing the calculation logic of the inventory aging report and verifying its accuracy, understanding the sales prices used by management for inventory valuation, and sampling relevant transaction documents to assess the reasonableness of the net realizable value of inventory.
Other Matter
Quanta Computer Inc. has prepared its parent-company-only financial statements as of and for the years ended December 31, 2025 and 2024, on which we have issued an unqualified opinion.
Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and IFRSs, IASs, IFRC, SIC endorsed and issued into effect by the Financial Supervisory Commission of the Republic of China, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
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KPMG
In preparing the consolidated financial statements, management is responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
Those charged with governance (including the Audit Committee) are responsible for overseeing the Group's financial reporting process.
Auditors' Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
-
Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient and appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the group financial statements. We are responsible for the direction, supervision and performance of the consolidated audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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KPMG
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
The engagement partners on the audit resulting in this independent auditors’ report are Wu, Tsao-Jen and Lien, Shu-Ling.
KPMG
Taipei, Taiwan (Republic of China)
February 26, 2026
Notes to Readers
The accompanying consolidated financial statements are intended only to present the consolidated statement of financial position, financial performance and cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such consolidated financial statements are those generally accepted and applied in the Republic of China.
The independent auditors’ report and the accompanying consolidated financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ report and consolidated financial statements, the Chinese version shall prevail.
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(ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| ASSETS | December 31, 2026 | December 31, 2024 | |||
|---|---|---|---|---|---|
| Amount | % | Amount | % | ||
| Current assets: | |||||
| 1100 | Cash and cash equivalents (Note (f)(a)) | $ 178,309,881 | 14 | 163,992,166 | 18 |
| 1110 | Current financial assets at fair value through profit or loss (Note (f)(b)) | 18,782,974 | 1 | 30,833,235 | 3 |
| 1120 | Current financial assets at fair value through other comprehensive income (Note (f)(c)) | 5,534,929 | 1 | 6,273,788 | 1 |
| 1172 | Accounts receivable, net (Notes (f)(e) and (7)) | 494,968,676 | 37 | 371,245,668 | 40 |
| 1200 | Other receivables, net (Notes (f)(f) and (7)) | 1,686,297 | - | 1,663,321 | - |
| 1310 | Inventories (Note (f)(g)) | 512,945,798 | 38 | 261,886,319 | 28 |
| 1476 | Other current financial assets (Note (g)) | 1,723,870 | - | 1,041,144 | - |
| 1479 | Other current assets, others | 18,112,053 | 1 | 3,758,314 | - |
| 1,232,064,478 | 92 | 840,693,955 | 90 | ||
| Non-current assets: | |||||
| 1510 | Non-current financial assets at fair value through profit or loss (Note (f)(b)) | 3,065,409 | - | 2,257,631 | - |
| 1517 | Non-current financial assets at fair value through other comprehensive income (Note (f)(c)) | 8,742,665 | 1 | 3,499,811 | - |
| 1535 | Non-current financial assets at amortized cost, net (Note (f)(d)) | 3,102,641 | - | 1,642,816 | - |
| 1550 | Investments accounted for using equity method (Note (f)(h)) | 216,884 | - | 435,416 | - |
| 1600 | Property, plant and equipment (Note (f)(i)) | 72,969,614 | 5 | 67,060,653 | 7 |
| 1755 | Right-of-use assets (Note (f)(j)) | 7,720,081 | 1 | 5,435,955 | 1 |
| 1760 | Investment property, net (Note (f)(k)) | 66,617 | - | 67,347 | - |
| 1780 | Intangible assets (Note (f)(l)) | 535,194 | - | 498,516 | - |
| 1840 | Deferred tax assets (Note (f)(r)) | 11,040,302 | 1 | 8,092,909 | 2 |
| 1980 | Other non-current financial assets (Note (g)) | 1,645,034 | - | 1,018,634 | - |
| 1995 | Other non-current assets, others | 1,942,824 | - | 1,742,822 | - |
| 111,047,265 | 8 | 91,752,510 | 10 | ||
TOTAL ASSETS
| December 31, 2026 | December 31, 2024 | ||
|---|---|---|---|
| Amount | % | Amount | % |
| 2100 | Short-term borrowings (Notes (f)(e) and (f)(m)) | $ 241,723,994 | 18 |
| 2120 | Current financial liabilities at fair value through profit or loss (Note (f)(b)) | - | - |
| 2130 | Current contract liabilities (Notes (f)(v) and (7)) | 107,124,589 | 8 |
| 2170 | Accounts payable | 535,232,189 | 40 |
| 2219 | Other payables (Note (7)) | 58,373,447 | 5 |
| 2230 | Current tax liabilities | 21,021,595 | 2 |
| 2250 | Current provisions | 1,782,367 | - |
| 2280 | Current lease liabilities (Note (f)(p)) | 1,782,693 | - |
| 2305 | Other current financial liabilities | 22,924,330 | 2 |
| 2320 | Long-term liabilities, current portion (Note (f)(a)) | 16,603,350 | 1 |
| 2365 | Current refund liabilities | 5,972,380 | - |
| 2399 | Other current liabilities, others | 1,614,350 | - |
| 1,014,155,284 | 76 | ||
| Non-Current liabilities: | |||
| 2500 | Non-current financial liabilities at fair value through profit or loss (Notes (f)(b) and (f)(e)) | 710,899 | - |
| 2530 | Bonds payable (Note (f)(e)) | 56,578,932 | 4 |
| 2540 | Long-term borrowings (Note (f)(a)) | - | - |
| 2570 | Deferred tax liabilities (Note (f)(r)) | 9,892,812 | 1 |
| 2580 | Non-current lease liabilities (Note (f)(p)) | 5,807,293 | - |
| 2640 | Net defined benefit liability, non-current (Note (f)(q)) | 155,145 | - |
| 2670 | Other non-current liabilities, others | 66,878 | - |
| 73,211,959 | 5 | ||
| Total liabilities | 1,087,367,243 | 81 | |
| Equity attributable to owners of parent (Note (f)(i)): | |||
| 3100 | Share capital | 38,626,274 | 3 |
| 3200 | Capital surplus | 21,155,830 | 1 |
| 3300 | Retained earnings | 185,322,339 | 14 |
| 3400 | Other equity | (1,194,320) | - |
| 3500 | Treasury shares | (333,094) | - |
| Total equity attributable to owners of parent | 243,577,029 | 18 | |
| 36XX | Non-controlling interests | 12,167,471 | 1 |
| Total equity | 255,744,500 | 19 | |
| TOTAL LIABILITIES AND EQUITY | $ 1,343,111,743 | 100 |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| For the Years Ended December 31 | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Amount | % | Amount | % | |
| $ 2,323,689,447 | 100 | 1,450,755,659 | 100 | |
| 1,975,336,582 | 93 | 1,299,995,651 | 92 | |
| 149,332,464 | 7 | 101,700,000 | 0 | |
| 9,392,058 | - | 8,723,712 | 1 | |
| 14,375,362 | 1 | 11,551,231 | 1 | |
| 37,168,953 | 2 | 28,863,029 | 2 | |
| 60,936,353 | 3 | 49,137,972 | 0 | |
| 87,396,099 | 4 | 61,623,000 | 0 | |
| 6,907,231 | - | 9,742,639 | 1 | |
| 384,485 | - | 595,560 | - | |
| 9,439,110 | - | 8,534,693 | 1 | |
| (8,026,891) | - | (7,286,417) | (1) | |
| (27,030) | - | (29,862) | - | |
| 7,876,819 | - | 11,544,613 | 1 | |
| 95,272,928 | 4 | 73,166,649 | 5 | |
| 59,486,017 | 1 | 12,883,710 | 3 | |
| 73,786,311 | 3 | 60,282,931 | 0 | |
| (17,613) | - | 153,138 | - | |
| 1,308,650 | - | (1,125,127) | - | |
| 80 | - | - | - | |
| (3,524) | - | 28,125 | - | |
| 1,294,641 | - | (1,009,124) | - | |
| (8,685,328) | - | 9,445,921 | 1 | |
| 329 | - | 9,492 | - | |
| (23,921) | - | 49,261 | - | |
| (8,669,070) | - | 9,406,152 | 1 | |
| (7,374,437) | - | 8,406,029 | 1 | |
| $ 68,411,874 | 3 | 68,685,959 | 5 | |
| $ 74,987,700 | 3 | 59,701,797 | 4 | |
| 798,611 | - | 581,134 | - | |
| $ 75,786,311 | 3 | 60,282,931 | 4 | |
| $ 67,658,904 | 3 | 67,827,832 | 5 | |
| 733,570 | - | 561,127 | - | |
| $ 68,411,874 | 3 | 68,685,959 | 5 | |
| $ 10.40 | - | 10.40 | - | |
| $ 18.91 | - | 18.22 | - |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED BY CHINESE)
QUANTA COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
Balance as of January 1, 2024
| Share Capital | Capital Surplus | Retained Earnings | Other Equity | Treasury Shares | Total Equity Attributable to Owners of Parent | Non-Controlling Interests | Total Equity | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Local Reserve | Special Reserve | Unapparented Retained Earnings | Exchange Difference on Translation of Foreign Financial Statements | Unrealized Sales (Losses) from Financial Assets Measured at Fair Value Through Other Comprehensive Income | (201,000) | ||||||
| 9 | 18,626,274 | 13,386,831 | 1,621,865 | 45,033,050 | 1,621,783 | (7,480,210) | (311,004) | (46,569,11) | 7,086,515 | (65,682,526) | |
| - | - | - | 59,701,797 | - | - | - | 59,701,797 | 581,134 | 60,282,031 | ||
| - | - | - | 116,279 | 9,158,080 | (1,186,324) | - | 8,120,055 | 279,995 | 8,406,025 | ||
| - | - | - | 59,818,070 | 9,158,080 | (1,186,324) | - | 67,827,852 | 861,127 | 68,680,808 | ||
| Appropriation and distribution of retained earnings: | |||||||||||
| Legal reserve appropriated | - | - | 3,981,966 | - | (3,981,966) | - | - | - | - | - | |
| Cash dividends of ordinary share | - | - | - | - | (34,765,647) | - | - | (34,765,647) | - | (34,765,647) | |
| Reversal of special reserve | - | - | - | (558,409) | 558,409 | - | - | - | - | - | |
| Other changes in capital surplus: | |||||||||||
| Changes in equity of subsidiaries and associates accounted for using equity method | - | 6,201 | - | - | - | - | - | 6,201 | 25 | 6,226 | |
| Sense of automobile bonds | - | 2,087,823 | - | - | - | - | - | 2,087,823 | - | 2,087,823 | |
| Adjustments of capital surplus for company's cash dividends received by subsidiaries | - | 72,980 | - | - | - | - | - | 72,980 | - | 72,980 | |
| Difference between consideration and carrying amount of subsidiaries acquired or disposed | - | 45,693 | - | - | - | - | - | 45,693 | 105,555 | 151,248 | |
| Changes in non-controlling interests | - | - | - | - | - | - | - | - | (633,810) | (633,810) | |
| Disposal of investments in equity instruments measured at fair value through other comprehensive income | - | - | - | - | (11,333) | - | (1,113) | - | - | - | |
| Balance at December 31, 2024 | 38,626,274 | 17,509,326 | 47,005,259 | 1,783,456 | 111,058,955 | 14,883,863 | (6,646,246) | (311,004) | 222,289,793 | 8,020,106 | 230,305,809 |
| Profit | - | - | - | - | 74,987,700 | - | - | - | 74,987,700 | 796,611 | 75,786,311 |
| Other comprehensive income (loss) | - | - | - | - | (15,846) | (8,590,050) | 1,281,080 | - | (7,328,790) | (45,643) | (7,278,427) |
| Total comprehensive income (loss) | - | - | - | - | 74,973,834 | (8,590,050) | 1,281,080 | - | 67,658,904 | 752,970 | 68,411,874 |
| Appropriation and distribution of retained earnings: | |||||||||||
| Legal reserve appropriated | - | - | 5,980,676 | - | (5,980,676) | - | - | - | - | - | |
| Reversal of special reserve | - | - | - | (1,785,456) | 1,783,456 | - | - | - | - | - | |
| Cash dividends of ordinary share | - | - | - | - | (50,214,156) | - | - | - | (50,214,156) | - | (50,214,156) |
| Other changes in capital surplus: | |||||||||||
| Changes in equity of subsidiaries and associates accounted for using equity method | - | 3,666 | - | - | - | - | - | - | 3,666 | 18 | 3,704 |
| Changes in other capital surplus | - | 25 | - | - | - | - | - | - | 25 | - | 25 |
| Sense of automobile bonds | - | 2,746,462 | - | - | - | - | - | - | 2,746,462 | - | 2,746,462 |
| Adjustments of capital surplus for company's cash dividends received by subsidiaries | - | 105,415 | - | - | - | - | - | - | 105,415 | - | 105,415 |
| Disposal of investments accounted for using equity method | - | - | - | - | 136 | - | (136) | - | - | - | |
| Difference between consideration and carrying amount of subsidiaries acquired or disposed | - | 36,543 | - | - | - | - | - | - | 36,543 | 84,418 | 129,961 |
| Changes in ownership interests in subsidiaries | - | 952,351 | - | - | (11) | 79 | (62) | - | 952,357 | (952,357) | - |
| Changes in non-controlling interests | - | - | - | - | - | - | - | - | - | 4,262,296 | 4,262,296 |
| Disposal of investments in equity instruments measured at fair value through other comprehensive income | - | - | - | - | 116,846 | - | (116,846) | - | - | - | |
| Balance as of December 31, 2022 | 38,626,274 | 20,100,830 | 53,583,932 | - | 131,738,454 | 6,287,912 | (7,482,232) | (331,004) | 243,677,829 | 12,167,471 | 255,744,506 |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| For the Years Ended December 31 | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Profit before tax | $ 95,272,928 | 73,166,649 |
| Adjustments: | ||
| Adjustments to reconcile profit: | ||
| Depreciation expenses | 11,090,672 | 10,111,330 |
| Amortization expenses | 1,350,508 | 1,567,146 |
| Expected credit losses (gains) | 4,293 | (120,703) |
| Net gains on financial assets or liabilities at fair value through profit or loss | (463,581) | (298,851) |
| Interest expenses | 8,826,891 | 7,288,417 |
| Net gains on disposal of financial assets measured at amortized cost | (623) | - |
| Interest income | (6,907,231) | (9,742,639) |
| Dividend income | (384,405) | (595,160) |
| Share-based payments | 15,358 | 2,692 |
| Shares of loss of associates accounted for using equity method | 27,036 | 39,462 |
| Losses on disposal of property, plant and equipment | 463,901 | 286,863 |
| Property, plant and equipment transferred to expense | 3,385 | 1,915 |
| (Gains) losses on disposal of investments accounted for using equity method | (214,482) | 99,778 |
| (Reversal of) impairment losses on non-financial assets | (5,829) | 35,641 |
| (Gains) losses on lease modification | (294) | 251 |
| Total adjustments to reconcile profit | 13,805,599 | 8,676,142 |
| Changes in operating assets and liabilities: | ||
| Changes in operating assets: | ||
| Financial assets at fair value through profit or loss, mandatorily measured at fair value | (1,699,737) | 445,811 |
| Accounts receivable | (123,722,653) | (111,102,157) |
| Other receivables | 370,823 | (148,992) |
| Inventories | (251,092,641) | (138,075,762) |
| Other current assets | (14,309,610) | 459,878 |
| Other financial assets | (25,005) | (84) |
| Total changes in operating assets | (390,478,823) | (248,421,306) |
| Changes in operating liabilities: | ||
| Contract liabilities | 17,556,790 | 8,824,362 |
| Accounts payable | 252,498,940 | 114,346,452 |
| Other payables | 6,612,993 | 3,322,274 |
| Provisions | 1,473,143 | 9,407 |
| Other financial liabilities | 8,243,727 | 5,181,016 |
| Other current liabilities | 36,412 | 1,964,674 |
| Net defined benefit liabilities | (16,494) | 9,728 |
| Other non-current liabilities | (1,354) | - |
| Total changes in operating liabilities | 286,404,157 | 133,657,913 |
| Total changes in operating assets and liabilities | (104,074,666) | (114,763,393) |
| Total adjustments | (90,269,067) | (106,087,251) |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| For the Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash inflow (outflow) generated from operations: | 5,003,861 | (32,920,602) |
| Interest received | 6,801,084 | 10,492,757 |
| Dividends received | 384,405 | 595,160 |
| Interest paid | (7,618,619) | (7,650,859) |
| Income taxes paid | (14,935,692) | (10,032,372) |
| Net cash flows used in operating activities | (10,364,961) | (39,515,916) |
| Cash flows from investing activities: | ||
| Acquisition of financial assets at fair value through other comprehensive income | (3,417,855) | (1,114,933) |
| Proceeds from disposal of financial assets at fair value through other comprehensive income | 218,400 | 23,814 |
| Proceeds from capital reduction of financial assets at fair value through other comprehensive income | 4,109 | - |
| Acquisition of financial assets measured at amortized cost | (1,611,415) | (1,147,844) |
| Proceeds from disposal of financial assets at amortized cost | 139,072 | - |
| Proceeds from disposal of financial assets at fair value through profit or loss | 13,765,575 | 2,919,798 |
| Acquisition of investments accounted for using equity method | - | (114,600) |
| Proceeds from disposal of subsidiaries | 166,600 | 179,508 |
| Proceeds from capital reduction of investments accounted for using equity method | - | 25,963 |
| Acquisition of property, plant and equipment | (14,757,328) | (13,132,368) |
| Proceeds from disposal of property, plant and equipment | 430,283 | 827,923 |
| Acquisition of intangible assets | (417,246) | (370,971) |
| (Increase) decrease in other financial assets | (1,339,556) | 693,018 |
| Increase in other non-current assets | (1,518,186) | (1,079,772) |
| Net cash flows used in investing activities | (8,337,547) | (12,290,464) |
| Cash flows from financing activities: | ||
| Increase (decrease) in short-term borrowings | 84,166,233 | (3,117,426) |
| Proceeds from issuing bonds | 30,105,366 | 31,909,213 |
| Proceeds from long-term borrowings | 22,836,745 | 83,015,273 |
| Repayments of long-term borrowings | (50,579,700) | (46,118,366) |
| Payments of lease liabilities | (1,541,737) | (1,398,270) |
| Increase in other financial liabilities | - | 9,052 |
| Decrease in other non-current liabilities | (15,611) | (28,989) |
| Cash dividends paid | (50,214,156) | (34,763,647) |
| Changes in non-controlling interests | 4,306,714 | (589,741) |
| Other financing activities | 51 | 36 |
| Net cash flows from financing activities | 38,763,905 | 28,917,135 |
| Effect of exchange rate changes on cash and cash equivalents | (5,743,682) | 9,647,343 |
| Net decrease in cash and cash equivalents | 14,317,715 | (13,241,902) |
| Cash and cash equivalents at the beginning of period | 163,992,166 | 177,234,068 |
| Cash and cash equivalents at the end of period | $ 178,309,551 | 163,992,166 |
See accompanying notes to financial statements.
KPMG
当快速来昂今季引申事务所
KPMG
台北市110615倍費路5段7號68樓(台北101大樓)
68F., TAIPEI 101 TOWER, No. 7, Sec. 5,
Xinyi Road, Taipei City 110615, Taiwan (R.O.C.)
電話 Tel +886 2 8101 6666
傳真 Fax +886 2 8101 6667
網址 Web kpmg.com/tw
Independent Auditors' Report
To the Board of Directors of Quanta Computer Inc.:
Opinion
We have audited the financial statements of Quanta Computer Inc. (“the Company”), which comprise the statements of financial position as of December 31, 2025 and 2024, the statement of comprehensive income, changes in equity and cash flows for the years then ended, and notes to the financial statements, including a summary of material accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and its financial performance and its cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.
Basis for Opinion
We conducted our audits in accordance with the Regulations Governing Financial Statement Audit and Attestation Engagements of Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with The Norm of Professional Ethics for Certified Public Accountant of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis of our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.
1. Revenue Recognition
For accounting policies of revenue recognition, please refer to Note (4)(n) on revenue recognition in the parent Company only financial statement; for the explanation of recognition, please refer to Note (6)(s) in the parent Company only financial statement.
Description of the key audit matter:
The Company engages primarily in the manufacturing, processing, and sales of laptop computers and cloud-computing server related products. Varying transaction terms will cause different timing for control of products' being transferred. Therefore, the timing for revenue recognition has been identified as a key audit matter.
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KPMG
How the matter was addressed in our audit:
In relation to the key audit matter above, our key audit procedures include understanding the Company’s main sources of revenues, contract provisions, and transaction terms to evaluate the adequacy of the timing of revenue recognition; testing the control methods for the procedures related to the shipment operation and revenue recognition under the internal control of the Company; selecting the shipments of the Company in the period around the balance sheet date and checking the certificates and forms to confirm whether the sales revenue is recognized in the appropriate period in the financial statements.
- Allowance for Inventory Valuation and Obsolescence Losses
Please refer to Note (4)(g), Note (5), and Note (6)(f) for accounting policies, accounting assumptions and estimation uncertainty, and related disclosure information for inventory, respectively.
Description of the key audit matter:
Inventories are stated at the lower of cost or net realizable value. With the rapid development of technology, the advance of new electronic products may significantly change consumer demands, which leads to product obsolescence that may result in the cost of inventory to be higher than the net realizable value, and the net realizable value relates to the management judgement. Consequently, the valuation of inventories has been identified as a key audit matter.
How the matter was addressed in our audit:
In relation to the key audit matter above, our key audit procedures include understanding the Company’s inventory write-down policy, evaluating the reasonableness of the methods and assumptions used for inventory write-downs, obtaining detailed calculations of inventory write-downs and verifying their consistency with accounting records, re-evaluating the write-downs according to the Company’s policy, reviewing the calculation logic of the inventory aging report and verifying its accuracy, understanding the sales prices used by management for inventory valuation, and sampling relevant transaction documents to assess the reasonableness of the net realizable value of inventory.
Responsibilities of Management and Those Charged with Governance for the Parent Company Only Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those charged with governance (including the Audit Committee) are responsible for overseeing the Company’s financial reporting process.
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KPMG
Auditors' Responsibilities for the Audit of the Parent Company Only Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgment and professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
-
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors’ report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors’ report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient and appropriate audit evidence regarding the financial information of the investment in other entities accounted for using the equity method to express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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KPMG
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditors’ report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
The engagement partners on the audit resulting in this independent auditors’ report are Wu, Tsao-Jen and Lien, Shu-Ling.
KPMG
Taipei, Taiwan (Republic of China)
February 26, 2026
Notes to Readers
The accompanying parent company only financial statements are intended only to present the statement of financial position, financial performance and cash flows in accordance with the accounting principles and practices generally accepted in the Republic of China and not those of any other jurisdictions. The standards, procedures and practices to audit such parent company only financial statements are those generally accepted and applied in the Republic of China.
The independent auditors’ report and the accompanying parent company only financial statements are the English translation of the Chinese version prepared and used in the Republic of China. If there is any conflict between, or any difference in the interpretation of the English and Chinese language independent auditors’ report and parent company only financial statements, the Chinese version shall prevail.
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(ENGLISH TRANSLATION OF FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC.
STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| ASSETS | December 31, 2025 | December 31, 2024 | |||
|---|---|---|---|---|---|
| Amount | % | Amount | % | ||
| Current assets: | |||||
| 1100 | Cash and cash equivalents (Notes (4) and (6)(a)) | $ 31,201,457 | 3 | 64,390,081 | 9 |
| 1110 | Current financial assets at fair value through profit or loss (Notes (4) and (6)(b)) | 12,836,250 | 1 | 26,625,485 | 4 |
| 1120 | Current financial assets at fair value through other comprehensive income (Notes (4) and (6)(c)) | 4,350,517 | - | 5,202,863 | - |
| 1170 | Accounts receivable, net (Notes (4) and (6)(d)) | 239,076,051 | 23 | 215,459,172 | 31 |
| 1180 | Accounts receivable due from related parties, net (Notes (4), (6)(d) and (7)) | 408,030,404 | 40 | 131,712,501 | 19 |
| 1200 | Other receivables, net (Notes (4) and (6)(e)) | 227,078 | - | 285,497 | - |
| 1210 | Other receivables due from related parties, net (Notes (4), (6)(e) and (7)) | 3,560,560 | - | 2,964,587 | - |
| 1310 | Inventories (Notes (4) and (6)(f)) | 123,133,214 | 12 | 60,588,305 | 9 |
| 1479 | Other current assets, others | 1,416,099 | - | 888,178 | - |
| 823,831,630 | 79 | 508,114,669 | 72 | ||
| Non-current assets: | |||||
| 1510 | Non-current financial assets at fair value through profit or loss (Notes (4) and (6)(b)) | 2,431,163 | - | 1,266,551 | - |
| 1517 | Non-current financial assets at fair value through other comprehensive income (Notes (4) and (6)(c)) | 7,816,942 | 1 | 2,850,463 | - |
| 1550 | Investments accounted for using equity method (Notes (4) and (6)(g)) | 95,511,132 | 9 | 87,472,050 | 12 |
| 1600 | Property, plant and equipment (Notes (4) and (6)(h)) | 19,582,769 | 2 | 18,990,606 | 3 |
| 1755 | Right-of-use assets (Notes (4) and (6)(i)) | 197,135 | - | 195,088 | - |
| 1780 | Intangible assets (Notes (4) and (6)(j)) | 206,859 | - | 105,006 | - |
| 1840 | Deferred tax assets (Notes (4) and (6)(g)) | 10,333,697 | 1 | 6,910,363 | 1 |
| 1942 | Long-term receivable due from related parties (Notes (4), (6)(e) and (7)) | 75,577,679 | 8 | 78,627,107 | 12 |
| 1980 | Other non-current financial assets (Note (8)) | 739,718 | - | 465,119 | - |
| 1995 | Other non-current assets, others | 3,362 | - | 4,299 | - |
| 212,400,456 | 21 | 196,884,652 | 28 | ||
| TOTAL ASSETS | $ 1,036,232,086 | 100 | 704,999,321 | 100 | |
| LIABILITIES AND EQUITY | December 31, 2025 | December 31, 2024 | |||
| --- | --- | --- | --- | --- | --- |
| Amount | % | Amount | % | ||
| Current liabilities: | |||||
| 2100 | Short-term borrowings (Notes (4) and (6)(k)) | $ 195,875,749 | 19 | 107,875,065 | 15 |
| 2130 | Current contract liabilities (Notes (4), (6)(s) and (7)) | 104,691,202 | 10 | 87,523,712 | 12 |
| 2170 | Accounts payable | 169,219,783 | 16 | 77,445,109 | 11 |
| 2180 | Accounts payable to related parties (Note (7)) | 124,365,539 | 12 | 63,208,877 | 9 |
| 2219 | Other payables (Note (7)) | 84,881,312 | 8 | 66,083,531 | 10 |
| 2230 | Current tax liabilities | 16,886,740 | 2 | 9,607,098 | 1 |
| 2280 | Current lease liabilities (Notes (4) and (6)(n)) | 114,184 | - | 92,789 | - |
| 2305 | Other current financial liabilities | 22,383,013 | 2 | 14,169,002 | 2 |
| 2320 | Long-term liabilities, current portion (Note (6)(l)) | 888,350 | - | 6,736,117 | - |
| 2365 | Current refund liabilities | 5,656,736 | 1 | 5,666,991 | 1 |
| 2399 | Other current liabilities, others | 761,603 | - | 908,391 | - |
| 725,724,211 | 70 | 439,316,682 | 62 | ||
| Non-Current liabilities: | |||||
| 2500 | Non-current financial liabilities at fair value through profit or loss (Notes (4), (6)(h) and (6)(m)) | 710,899 | - | 371,838 | - |
| 2530 | Bonds payable (Notes (4) and (6)(m)) | 56,578,932 | 5 | 28,784,239 | 4 |
| 2540 | Long-term borrowings (Note (6)(l)) | - | - | 5,806,100 | 1 |
| 2570 | Deferred tax liabilities (Notes (4) and (6)(p)) | 9,390,992 | 1 | 8,151,411 | 1 |
| 2580 | Non-current lease liabilities (Notes (4) and (6)(n)) | 85,111 | - | 101,888 | - |
| 2640 | Net defined benefit liability, non-current (Notes (4) and (6)(o)) | 129,289 | - | 136,560 | - |
| 2650 | Credit balance of investments accounted for using equity method (Notes (4) and (6)(e)) | - | - | 6,719 | - |
| 2670 | Other non-current liabilities, others | 35,623 | - | 38,091 | - |
| 66,930,846 | 6 | 43,396,846 | 6 | ||
| Total liabilities | 792,655,057 | 76 | 482,713,528 | 68 | |
| Equity (Note (6)(q)): | |||||
| 3100 | Share capital | 38,626,274 | 4 | 38,626,274 | 5 |
| 3200 | Capital surplus | 21,155,830 | 2 | 17,309,328 | 3 |
| 3300 | Retained earnings | 185,322,339 | 18 | 160,445,670 | 23 |
| 3400 | Other equity | (1,194,320) | - | 6,237,615 | 1 |
| 3500 | Treasury shares | (333,094) | - | (333,094) | - |
| Total equity | 243,577,029 | 24 | 222,285,793 | 32 | |
| TOTAL LIABILITIES AND EQUITY | $ 1,036,232,086 | 100 | 704,999,321 | 100 |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC.
STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| For the Years Ended December 31, | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| Amount | % | Amount | % | ||
| 4800 | Operating revenue (Notes (ii)(a) and (7)) | $ 1,692,849,026 | 100 | 1,217,134,739 | 100 |
| 5800 | Operating costs (Note (ii)(f)) | 1,552,657,153 | 92 | 1,118,951,412 | 92 |
| Gross profit from operations | 140,191,873 | 8 | 98,183,327 | 8 | |
| 5910 | Less: Unrealized profit from sales | 15,188,231 | - | 7,051,316 | 1 |
| 5920 | Add: Realized profit from sales | 7,051,316 | - | 1,028,847 | - |
| 132,054,058 | 5 | 92,160,858 | 7 | ||
| Operating expenses: | |||||
| 6100 | Selling expenses | 12,880,246 | 1 | 8,740,507 | 1 |
| 6200 | General and administrative expenses | 6,431,004 | - | 5,665,890 | - |
| 6300 | Research and development expenses | 32,422,497 | 2 | 24,267,649 | 2 |
| 51,733,747 | 3 | 38,674,046 | 3 | ||
| Net operating income | 80,321,211 | 5 | 53,486,812 | 4 | |
| Non-operating income and expenses: | |||||
| 7100 | Interest income (Notes (ii)(a) and (7)) | 1,389,697 | - | 1,480,176 | - |
| 7810 | Other income (Note (ii)(c)) | 241,345 | - | 480,747 | - |
| 7820 | Other gains and losses, net (Notes (ii)(c) and (7)) | 9,956,906 | 1 | 7,335,835 | 1 |
| 7850 | Financial costs (Note (ii)(c)) | (5,964,376) | - | (4,616,298) | - |
| 7860 | Share of profit of subsidiaries, associates and joint ventures accounted for using equity method (Note (ii)(g)) | 6,141,674 | - | 12,852,781 | 1 |
| 11,825,356 | 1 | 17,453,241 | 2 | ||
| 7900 | Profit before tax | 92,146,547 | 6 | 70,940,053 | 6 |
| 7950 | Less: Tax expenses (Note (ii)(g)) | 17,158,847 | 1 | 11,238,256 | 1 |
| Profit | 74,987,700 | 5 | 59,781,797 | 5 | |
| Other comprehensive income (loss): | |||||
| 8310 | Components of other comprehensive income that will not be reclassified to profit or loss | ||||
| 8311 | Gains (losses) on remeasurement of defined benefit plans | (17,230) | - | 140,634 | - |
| 8316 | Unrealized gains (losses) from investments in equity instruments measured at fair value through other comprehensive income | 1,188,495 | - | (1,040,846) | - |
| 8330 | Share of other comprehensive income of subsidiaries, associates and joint ventures accounted for using equity method, components of other comprehensive income (loss) that will not be reclassified to profit or loss (Note (ii)(g)) | 92,523 | - | (143,706) | - |
| 8349 | Less: Income tax related to components of other comprehensive income that will not be reclassified to profit or loss | (3,446) | - | 28,127 | - |
| Total components of other comprehensive income (loss) that will not be reclassified to profit or loss | 1,267,234 | - | (1,072,045) | - | |
| 8360 | Components of other comprehensive income that will be reclassified to profit or loss | ||||
| 8361 | Exchange differences on translation of foreign financial statements | (8,561,897) | (1) | 9,102,981 | 1 |
| 8380 | Share of other comprehensive income (loss) of subsidiaries, associates and joint ventures accounted for using equity method, components of other comprehensive income (loss) that will be reclassified to profit and loss (Note (ii)(g)) | (33,937) | - | 96,083 | - |
| 8399 | Less: Income tax related to components of other comprehensive income that will be reclassified to profit or loss | 196 | - | 984 | - |
| Total components of other comprehensive (loss) income that will be reclassified to profit or loss | (8,596,030) | (1) | 9,198,080 | 1 | |
| 8500 | Total comprehensive income | (7,328,796) | (1) | 8,126,035 | 1 |
| Earnings per share (Note (ii)(c)) | |||||
| 9750 | Basic earnings per share (NT dollars) | $ 19.45 | $ 15.49 | ||
| 9850 | Diluted earnings per share (NT dollars) | $ 18.95 | $ 15.22 |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC.
STATEMENTS OF CHANGES IN EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| Share Capital | Retained Earnings | Other Equity | Treasury Shares | Total Equity | |||||
|---|---|---|---|---|---|---|---|---|---|
| Ordinary Share | Capital Surplus | Legal Reserve | Special Reserve | Unappropriated Retained Earnings | Exchange Difference: on Translation of Foreign Financial Statements | Unrealized Gains (Losses) from Financial Asset: Measured at Fair Value Through Other Comprehensive Income | |||
| $ 38,626,274 | 14,294,831 | 43,621,693 | 2,121,865 | 89,658,998 | 5,685,783 | (7,469,239) | (333,094) | 186,207,111 | |
| Profit | - | - | - | 59,701,797 | - | - | - | 59,701,797 | |
| Other comprehensive income (loss) | - | - | - | 116,279 | 9,198,080 | (1,188,324) | - | 8,126,035 | |
| Total comprehensive income (loss) | - | - | - | 59,818,076 | 9,198,080 | (1,188,324) | - | 67,827,832 | |
| Appropriation and distribution of retained earnings: | |||||||||
| Legal reserve appropriated | - | 3,981,566 | - | (3,981,566) | - | - | - | - | |
| Reversal of special reserve | - | - | (338,409) | 338,409 | - | - | - | - | |
| Cash dividends of ordinary share | - | - | - | (34,763,647) | - | - | - | (34,763,647) | |
| Other changes in capital surplus: | |||||||||
| Changes in equity of subsidiaries and associates accounted for using equity method | 8,201 | - | - | - | - | - | - | 8,201 | |
| Issue of convertible bonds | 2,887,623 | - | - | - | - | - | - | 2,887,623 | |
| Adjustments of capital surplus for company's cash dividends received by subsidiaries | 72,980 | - | - | - | - | - | - | 72,980 | |
| Difference between consideration and carrying amount of subsidiaries acquired or disposed | 45,693 | - | - | - | - | - | - | 45,693 | |
| Disposal of investments in equity instruments measured at fair value through other comprehensive income | - | - | - | (11,315) | - | 11,315 | - | - | |
| Balance as of December 31, 2024 | 38,626,274 | 17,309,328 | 47,603,259 | 1,783,456 | 111,058,955 | 14,883,863 | (8,646,248) | (333,094) | 222,285,793 |
| Profit | - | - | - | 74,987,700 | - | - | - | 74,987,700 | |
| Other comprehensive income (loss) | - | - | - | (13,846) | (8,596,030) | 1,281,080 | - | (7,328,796) | |
| Total comprehensive income (loss) | - | - | - | 74,973,854 | (8,596,030) | 1,281,080 | - | 67,658,904 | |
| Appropriation and distribution of retained earnings: | |||||||||
| Legal reserve appropriated | - | 5,980,676 | - | (5,980,676) | - | - | - | - | |
| Reversal of special reserve | - | - | (1,783,456) | 1,783,456 | - | - | - | - | |
| Cash dividends of ordinary share | - | - | - | (50,214,156) | - | - | - | (50,214,156) | |
| Other changes in capital surplus: | |||||||||
| Changes in equity of subsidiaries and associates accounted for using equity method | 3,686 | - | - | - | - | - | - | 3,686 | |
| Changes in other capital surplus | 25 | - | - | - | - | - | - | 25 | |
| Issue of convertible bonds | 2,748,482 | - | - | - | - | - | - | 2,748,482 | |
| Adjustments of capital surplus for company's cash dividends received by subsidiaries | 105,415 | - | - | - | - | - | - | 105,415 | |
| Disposal of subsidiaries or investments accounted for using equity method | - | - | - | 136 | - | (136) | - | - | |
| Difference between consideration and carrying amount of subsidiaries acquired or disposed | 36,543 | - | - | - | - | - | - | 36,543 | |
| Changes in ownership interests in subsidiaries | 952,351 | - | - | (11) | 79 | (82) | - | 952,337 | |
| Disposal of investments in equity instruments measured at fair value through other comprehensive income | - | - | - | 116,846 | - | (116,846) | - | - | |
| Balance as of December 31, 2025 | $ 38,626,274 | 21,166,830 | 63,683,936 | - | 131,738,484 | 6,287,912 | (7,482,232) | (333,094) | 243,677,028 |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF FINANCIAL STATEMENTS-ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC.
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| For the Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Profit before tax | $ 92,146,547 | 70,940,053 |
| Adjustments: | ||
| Adjustments to reconcile profit: | ||
| Depreciation expense | 2,462,626 | 2,413,482 |
| Amortization expense | 100,626 | 65,930 |
| Expected credit gains | (34,572) | (212,876) |
| Net gains on financial assets or liabilities at fair value through profit or loss | (580,375) | (116,101) |
| Interest expense | 5,904,376 | 4,616,298 |
| Interest income | (1,389,697) | (1,400,176) |
| Dividend income | (241,345) | (480,747) |
| Share of profit of subsidiaries, associates and joint ventures accounted for using equity method | (6,141,674) | (12,852,781) |
| Gains on disposal of property, plant and equipment | (33,306) | (59,923) |
| Property, plant and equipment transferred to expenses | (210) | (25) |
| (Gains) losses on disposal of investments accounted for using equity method | (214,482) | 2,802 |
| Reversal of impairment losses on non-financial assets | (5,829) | (1,470) |
| Unrealized (realized) loss from sales | 8,136,915 | 6,022,469 |
| Other adjustments | (6) | - |
| Total adjustments to reconcile profit | 7,963,047 | (2,003,118) |
| Changes in operating assets and liabilities: | ||
| Changes in operating assets: | ||
| Accounts receivable | (299,901,837) | (129,835,419) |
| Other receivables | 52,081 | (121,582) |
| Other receivables due from related parties | (595,973) | 20,346,286 |
| Inventories | (62,544,909) | (19,842,929) |
| Other current assets | (527,921) | 466,641 |
| Total changes in operating assets | (363,518,559) | (128,987,003) |
| Changes in operating liabilities: | ||
| Contract liabilities | 17,167,490 | 8,958,013 |
| Accounts payable | 152,931,336 | 91,536,281 |
| Other payables | 18,192,093 | 14,830,536 |
| Other financial liabilities | 8,214,011 | 5,204,534 |
| Other current liabilities | (157,043) | 1,813,834 |
| Net defined benefit liabilities | (24,501) | (18,959) |
| Total changes in operating liabilities | 196,323,386 | 122,324,239 |
| Total changes in operating assets and liabilities | (167,195,173) | (6,662,764) |
| Total adjustments | (159,232,126) | (8,665,882) |
| Cash (outflow) inflow generated from operations | (67,085,579) | 62,274,171 |
| Interest received | 1,397,662 | 1,396,321 |
| Dividends received | 734,972 | 5,307,030 |
| Interest paid | (4,564,088) | (4,564,751) |
| Income taxes paid | (12,059,708) | (7,164,108) |
| Net cash flows (used in) from operating activities | (81,576,741) | 57,248,663 |
See accompanying notes to financial statements.
(ENGLISH TRANSLATION OF FINANCIAL STATEMENTS ORIGINALLY ISSUED IN CHINESE)
QUANTA COMPUTER INC.
STATEMENTS OF CASH FLOWS (CONT' D)
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(AMOUNTS EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS)
| For the Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from investing activities: | ||
| Acquisition of financial assets at fair value through other comprehensive income | (3,148,145) | (967,650) |
| Proceeds from disposal of financial assets at fair value through other comprehensive income | 218,400 | - |
| Proceeds from capital reduction of financial assets at fair value through other comprehensive income | 4,109 | - |
| Proceeds from disposal of financial assets at fair value through profit or loss | 13,571,303 | 3,156,616 |
| Acquisition of investments accounted for using equity method | (13,776,703) | (8,267,872) |
| Proceeds from capital reduction of investments accounted for using equity method | - | 12,993 |
| Acquisition of property, plant and equipment | (2,884,118) | (1,403,590) |
| Proceeds from disposal of property, plant and equipment | 64,419 | 219,332 |
| Increase in other receivables due from related parties | (1,309,453) | (18,659,858) |
| Acquisition of intangible assets | (200,090) | (59,777) |
| (Increase) decrease in other financial assets | (274,599) | 6,577 |
| Increase in other non-current assets | (1,453) | (3,113) |
| Net cash flows used in investing activities | (7,736,330) | (25,966,342) |
| Cash flows from financing activities: | ||
| Increase in short-term borrowings | 87,726,232 | 6,750,190 |
| Proceeds from issuing bonds | 30,105,366 | 31,909,213 |
| Proceeds from long-term borrowings | 22,479,590 | 54,109,998 |
| Repayments of long-term borrowings | (34,107,957) | (46,118,366) |
| Payments of lease liabilities | (111,136) | (108,688) |
| (Decrease) increase in other non-current liabilities | (2,468) | 4,087 |
| Cash dividends paid | (50,214,156) | (34,763,647) |
| Other financing activities | 25 | - |
| Net cash flows from financing activities | 55,875,496 | 11,782,787 |
| Effect of exchange rate changes on cash and cash equivalents | 248,951 | 3,231,431 |
| Net (decrease) increase in cash and cash equivalents | (33,188,624) | 46,296,539 |
| Cash and cash equivalents at the beginning of period | 64,390,081 | 18,093,542 |
| Cash and cash equivalents at the end of period | $ 31,201,457 | 64,390,081 |
See accompanying notes to financial statements.
Attachment II. Business Report
Business Report
FY2025 was a year of deep cultivation and bountiful harvest for Quanta. Amid the sweeping wave of AI technology and geopolitical turbulence, we pursued excellence with strong ambition, continuously strengthened our fundamentals, and achieved record highs in both revenue and profit. FY2025 marks not only a milestone for Quanta, but also a pivotal watershed in the evolution of global politics, economics, and technological civilization. In the face of sweeping change, we must grasp emerging trends and apply rigorous discernment to understand the underlying logic. By keeping our eyes on the stars and respond swiftly, we can sail steadfastly toward the future.
Over the past year, the global economy has undergone structural realignment, with the supply chain shifting from an efficiency-driven model to a resilience-first approach. The new world order is being redefined, with technological strength emerging as the new currency and trust becoming the bond that unites allies. In the new competitive landscape, Quanta leverages our deep technological expertise and pivotal role as a supply chain collaboration hub to stay aligned with customers' strategic roadmaps, rapidly strengthens the expansion and deployment of our global manufacturing footprint, and further drive value creation through a resilient manufacturing network. Beyond innovation and quality, it is our speed and execution that sets Quanta apart in a fiercely competitive market, making us an irreplaceable partner in the global supply chain.
In response to geopolitical fragmentation, Quanta has built a resilient global manufacturing footprint, spanning from the advanced R&D and manufacturing hub in Taiwan to localized manufacturing and service sites across the Americas, Europe, and Asia, delivering efficient operations and high-quality manufacturing solutions to meet our customers' need to diversify risks. At the same time, we collaborate closely with our supply chain partners across both technology and production to jointly overcome the mass production bottlenecks involved in bringing new technologies to scale. Such collaboration not only mitigates single-point risks, but also enables Quanta to provide a high degree of flexibility and resilience. By doing so, Quanta becomes the trusted "stabilizer" that our customers can rely on in times of disruption. Through our diversified global footprint, we have successfully built a strong and resilient foundation capable of withstanding macroeconomic volatility.
Abstract of Quanta's performance in FY2025
In FY2025, revenue from AI servers doubled, driving the Company's consolidated revenue to another record high, surpassing the NT$2 trillion mark in a single leap to reach NT$2.12 trillion, up 50.5% from NT$1.41 trillion in the previous year. Total notebook shipment delivered in FY2025 was 46.5 million units, a modest increase of 1.3% from FY2024. The reported gross profit margin, operating profit margin, and net profit margin in FY2025 were 6.98%, 4.12%, and 3.53% respectively.
In FY2025, reported net profit attributable to owners of parent company was NT$74.99 billion, compared to NT$59.70 billion in the previous year, reflecting a year-over-year growth of 25.6%. EPS for FY2025 was NT$19.45 and the Board of Directors also resolved to distribute cash dividend of NT$15.6 per share, representing approximately 80% of dividend payout ratio. While revenue and profit have continued to reach new highs year after year, Quanta's Trailing Twelve-Month of Return on Equity (TTM ROE) has also remained steadily above 30% since the end of FY2024. Navigating in the highly competitive technology industry, we continue to invest in high-growth businesses and swiftly turn investments into tangible results through lean operations, and
long-term, steady returns to our shareholders.
Operational outlook
In the history of technological development, the initial adoption of new technologies often involves growing pains from organizational transformation and process re-engineering. However, once the initial frictions are resolved, companies will begin to reap the rewards from technology and enjoy exponential returns. In the next several years, AI will move from the core of cloud computing to edge, triggering a new wave of hardware upgrades and application transformation. To prepare for another year of rapid growth, Quanta is fully prepared with capacity for high-end AI servers running at full speed, and production expansion plans progressing in full swing. For the next-generation of AI application platforms, whether in end devices, edge servers, or car computing platforms, Quanta will continue to serve as the market's most critical enabler.
AI has already moved beyond the initial adoption stage and entered a phase of large-scale industrialization. AI is steadily evolving into "Reasoners" with the capability for reasoning and "Agents" with the capability for action. As the cost of AI models declines exponentially, intelligence will become as ubiquitous and affordable as electricity. The future will be defined by AI spilling over from the digital world into the physical world, ushering in the era of Physical AI, which lies at the heart of Quanta's "Smart X" strategy. We focus on delivering physical solutions equipped with a "silicon-based brain" to empower these industries, whether in Smart Medicine, Smart Manufacturing, or Smart Mobility.
Quanta is empowering the world's leading innovators and service providers to redefine human creativity and productivity on a global scale. We are the "world builders" in this wave of AI infrastructure development, building the highways and neural networks of this new technological universe. The productivity gains unleashed by generative AI represent a paradigm shift on a scale comparable to the Industrial Revolution. In the face of such transformation, Quanta chooses to focus on long-term commitment, unswayed by short-term market sentiment and focused on deepening the moat around our core competitiveness. Along the path of "Refining Computing and Advancing Civilization," we will keep moving forward with unwavering resolve to surpass ourselves.
As we pursue the acceleration of civilization through technology, Quanta has always remained committed to the principle of "harmonious collaboration between human and machine." Technology is a tool, and only when it is combined with humanistic values can innovation truly benefit society as a whole. The development of AI should not be limited to imitating human behavior, but it should be dedicated to expanding the boundaries of human capability and complementing human potential. Through smart machines, human productivity can be freed from repetitive work and redirected toward value creation that is more innovative, more meaningful, and more human. This reflects Quanta's fundamental belief in placing human at the center to achieve the core of our sustainability vision - "Benefiting Humanity Through Technological Innovation".
Looking into the future, whether in the transformation of economic structures or breakthroughs in technological advancement, everything will ultimately return to one fundamental truth: "People are the ultimate differentiator". As a responsible enterprise, Quanta remains committed to "human-centric technological innovation," pursuing economic achievement while putting sustainable development into practice. The script of humanity's future will not be generated by AI, but it will be authored by our collective choices.
Quanta will continue to be a poised artisan and daring visionary, drawing on innovation, speed, and deep commitment to create long-term value for shareholders. We will continue to help customers build the infrastructure of the future at the intersection of technology and
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humanity, and contribute to the acceleration of human civilization.
Chairman: Barry Lam
Vice Chairman & President: C.C. Leung
Chief Financial Officer: Elton Yang
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Attachment III. Audit Committee's Review Report
Quanta Computer Inc.
Audit Committees' Review Report
February 26, 2026
The Board of Directors has compiled the Company's FY2025 business report, financial statements and proposal for allocation of distributable earnings. FY2025 financial statements have been audited and certified by KPMG. The business report, financial statements and allocation of distributable earnings proposal have been reviewed by the Audit Committee, approved by the Board of Directors. We, the Audit Committee, have duly examined the same as correct and accurate. We hereby report to the 2026 Annual General Meeting of Shareholders for acknowledgement in accordance with Article 14-4 of the Securities and Exchange Act as well as Article 219 of the Company Act.
Quanta Computer Inc.
Chairman of the Audit Committee:
Hung Ching Lee (李弘錦)
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