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Weltrend — Interim / Quarterly Report 2025
Dec 19, 2025
52083_rns_2025-12-19_a10e371b-d2bf-4851-a516-7d5094550fa4.pdf
Interim / Quarterly Report
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偉詮電子股份有限公司 Weltrend Semiconductor, Inc. 3Q25 Investor Conference
Tony Lin Robby Tsai Cindy Guo CEO COO CFO and Spokesperson
December 19, 2025
Safe Harbor Notice
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Forward-looking Statements
Weltrend’s statements and others in this release that refer to business any outlook, future plans, and expectations are forward-looking statements that involve a number of risks and uncertainties. Statements that refer to or are based on projections, uncertain events or assumptions also identify forwardstatements. Such statements are based on looking management's expectations as of the date of this earnings release and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Weltrend considers the to be factors that could cause presently following important actual results to differ materially from the company's expectations.
~~Weltrend Semiconductor, Inc.~~
P2
Copyright © Weltrend 2025, All Rights Reserved
3Q25Consolidated Income Statement (YoY)
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(Expressed in NT$K)
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| 3Q25 % 3Q24 % YoY % |
3Q25 % 3Q24 % YoY % |
3Q25 % 3Q24 % YoY % |
3Q25 % 3Q24 % YoY % |
3Q25 % 3Q24 % YoY % |
3Q25 % 3Q24 % YoY % |
|---|---|---|---|---|---|
| Net sales | 919,318 | 100 | 847,481 | 100 | 8 |
| Gross Profit | 260,246 | 28 | 254,582 | 30 | 2 |
| Operating Exp. | (222,467) | (24) | (170,520) | (20) | 30 |
| Selling & Adm. | (95,919) | (10) | (73,268) | (9) | 31 |
| R & D Exp. | (126,548) | (14) | (97,252) | (11) | 30 |
| Operating Income | 37,779 | 4 | 84,062 | 10 | (55) |
| Net Non-Operating Income(Loss) |
196,733 | 22 | (67,863) | (8) | 390 |
| Income Before Tax | 234,512 | 26 | 16,199 | 2 | 1,348 |
| Income Tax (Exp.) benefit | (16,401) | (2) | (2,472) | (0) | 563 |
| Net Income | 218,111 | 24 | 13,727 | 2 | 1,489 |
| EPS | 1.14 | 0.08 | 1,325 |
~~Weltrend Semiconductor, Inc.~~
P3
Copyright © Weltrend 2025, All Rights Reserved
3Q25 Consolidated Income Statement (QoQ)
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(Expressed in NT$K)
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| 3Q25 % 2Q25 % QoQ % |
3Q25 % 2Q25 % QoQ % |
3Q25 % 2Q25 % QoQ % |
3Q25 % 2Q25 % QoQ % |
3Q25 % 2Q25 % QoQ % |
3Q25 % 2Q25 % QoQ % |
|---|---|---|---|---|---|
| Net sales | 919,318 | 100 | 928,711 | 100 | (1) |
| Gross Profit | 260,246 | 28 | 265,279 | 29 | (2) |
| Operating Exp. | (222,467) | (24) | (172,876) | (19) | 29 |
| Selling & Adm. | (95,919) | (10) | (73,942) | (8) | 30 |
| R & D Exp. | (126,548) | (14) | (98,934) | (11) | 28 |
| Operating Income(loss) | 37,779 | 4 | 92,403 | 10 | (59) |
| Net Non-Operating Loss | 196,733 | 22 | (91,360) | (10) | 315 |
| Income Before Tax | 234,512 | 26 | 1,043 | 0 | 22,384 |
| Income Tax (Exp.) | (16,401) | (2) | 15,100 | 2 | 209 |
| Net lncome | 218,111 | 24 | 16,143 | 2 | 1,251 |
| EPS | 1.14 | 0.15 | 660 |
~~Weltrend Semiconductor, Inc.~~
P4
Copyright © Weltrend 2025, All Rights Reserved
1~9/25 Consolidated Income Statement (YoY)
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(Expressed in NT$K)
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| 1~9/25 % 1~9/24 % YoY % |
1~9/25 % 1~9/24 % YoY % |
1~9/25 % 1~9/24 % YoY % |
1~9/25 % 1~9/24 % YoY % |
1~9/25 % 1~9/24 % YoY % |
1~9/25 % 1~9/24 % YoY % |
|---|---|---|---|---|---|
| Net sales | 2,643,331 | 100 | 2,258,432 | 100 | 17 |
| Gross Profit | 781,184 | 30 | 668,045 | 30 | 17 |
| Operating Exp. | (577,247) | (22) | (546,264) | (24) | 6 |
| Selling & Adm. | (248,789) | (10) | (226,034) | (10) | 10 |
| R & D Exp. | (328,458) | (12) | (320,230) | (14) | 3 |
| Operating Income | 203,937 | 8 | 121,781 | 6 | 67 |
| Net Non-Operating Income(Loss) |
77,472 | 3 | 117,128 | 5 | (34) |
| Income Before Tax | 281,409 | 11 | 238,909 | 11 | 18 |
| Income Tax (Exp.) benefit | (14,271) | (1) | (35,009) | (2) | (59) |
| Net Income | 267,138 | 10 | 203,900 | 9 | 31 |
| EPS | 1.45 | 1.09 | 33 |
~~Weltrend Semiconductor, Inc.~~
P5
Copyright © Weltrend 2025, All Rights Reserved
Balance Sheet Summary
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| 2025/9/30 2025/6/30 Cash & Marketable Securities 2,092,686 1,982,874 Notes & Accounts receivable 1,255,229 1,082,214 Inventories 980,688 962,254 Property, Plant and Equipment 197,591 200,320 Goodwill & Intangible assets 962,120 977,522 Other assets 549,145 626,055 Total assets 6,037,459 5,831,239 Short-Term Loan 338,000 88,000 Other current liabilities 1,631,827 1,955,369 Noncurrent liabilities 157,111 154,928 Stockholders’ equity 3,910,521 3,632,942 Net Asset Value per Share 19.67 17.79 (Expressed in NT$K) |
|
|---|---|
~~Weltrend Semiconductor, Inc.~~
P6
Copyright © Weltrend 2025, All Rights Reserved
EPS and Cash Dividends for the Past 5 Years
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| 2020 2021 2022 2023 2024 |
2020 2021 2022 2023 2024 |
2020 2021 2022 2023 2024 |
2020 2021 2022 2023 2024 |
2020 2021 2022 2023 2024 |
2020 2021 2022 2023 2024 |
|---|---|---|---|---|---|
| EPS (NT$) | 1.94 | 4.25 | 0.83 | 1.18 | 1.57 |
| Cash Dividend (NT$/share) |
1.6 | 3 | 1.20 | 1.20 | 1.5 |
~~Weltrend Semiconductor, Inc.~~
P7
Copyright © Weltrend 2025, All Rights Reserved
A 36-year IC Design Company
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| Founded | Founded in the Hsinchu Science Park in July, 1989 | Founded in the Hsinchu Science Park in July, 1989 |
|---|---|---|
| Capital | NT$1.999 billion (US$64.2 millions) | |
| Headcount | 350+ (as end of 3Q25) merged in Sept, 2025 |
|
| Main Business | |
Weltrend and Sentelic-branded IC products and ASICs Value-added resale (VAR) for international name brand components (ex. ROHM) |
| Honors | | 1995 – Taiwan’s 4th National Award of Outstanding Small & Medium Enterprises, being the first company from Science Park to win the title. |
| | 1997 – IPO on Taiwan OTC market and then subsequently listed on TWSE in 2000 (2436) | |
| | 2008 – Awarded with “Taiwan Technology Fast 50” by Deloitte and named | |
| multiple times as one of companies with best ROE and ROI by renowned | ||
| financial magazines in Taiwan. | ||
| | 2015 – ADAS R&D Team Awarded with the 17th Annual Technology | |
| Management Award by CSMOT. | ||
| | 2016 – Ranked Top 20% in Corporate Governance Evaluation and | |
| Awarded Most Improved Company. | ||
| | 2019 – Named “Top 10 Consumer Electronics Solution Provider in APAC – | |
| 2019” by Embedded Advisor magazine | ||
| | 2021 – EE Awards Asia’s Best Power IC of the Year Award | |
| | 2023 – Receives “Medium-sized Enterprises M&A Deal Award” from 2023 | |
| MAPECT Taiwan M&A Awards |
~~Weltrend Semiconductor, Inc.~~
P8
Copyright © Weltrend 2025, All Rights Reserved
High Quality Supply Chain
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Weltrend Weltrend Taiwan-based Weltrend Weltrend
Foundries In-house In-house Sales and
Product Packaging
Testing (CP) Houses Testing (FT) Services
Development
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Highest quality wafer fabs
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In-house CP and FT production testing
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Complete quality certifications
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~~Weltrend Semiconductor, Inc.~~
P9
Copyright © Weltrend 2025, All Rights Reserved
Major Customers
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Image Source: Internet ~~Weltrend Semiconductor, Inc.~~
P10
Copyright © Weltrend 2025, All Rights Reserved
Power and Motor as dual growth engines plus Image Solutions for niche applications and all with a MCU foundation
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-
AC/DC switching regulators
-
PWM controllers
-
Synchronous rectifier (SR)
-
USB PD controllers
-
DFP (Source) controllers
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DRP (Source/Sink) controllers
-
Fast charge protocol controllers
-
Sink controllers
-
Source controllers
-
E-marker IC
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Supervisor ICs
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Wireless power controllers
-
LED drivers
-
ADAS SoCs
-
Barcode decoders
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Display MCUs
-
Imaging processors
-
Projector processors
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Video display processors
-
Boosted NFC cards
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Smart card interface ICs and Magnetic stripe decoders
-
Touch screen controllers
-
USB
-
USB-C connectivity
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8-bit MCUs
- General-purpose MCUs
-
32-bit MCUs
-
Andes-based 32-bit MCUs
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Arm-based 32-bit MCUs
-
-
Application-specific MCUs
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USB-based HID controllers
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USB host and SD port file management controllers
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Vital sign measurement MCUs
-
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USB-based HID controllers
• Op amps
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General-purpose op amps
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Power op amps
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Motor drivers
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BLDC motor drivers and
controllers
~~Weltrend Semiconductor, Inc.~~
P11
Copyright © Weltrend 2025, All Rights Reserved
1~9/2025 Product Mix (YoY)
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(Expressed in NT$K)
| 1~9/2025 | % | 1~9/2024 | % | YoY | |
|---|---|---|---|---|---|
| Power | 906,023 | 34% | 900,436 | 40% | 1% |
| Smart Applications | 861,140 | 33% | 630,858 | 28% | 37% |
| Own Brand Products | 1,767,163 | 67% |
1,,531,294 | 68% |
15% |
| Distribution Products | 876,168 | 33% | 727,138 | 32% | 20% |
| Total | 2,643,331 | 100% |
2,258,432 | 100% | 17% |
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USB PD 23% 0% YoY MOTOR 27% +56% YoY
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~~Weltrend Semiconductor, Inc.~~
P12
Copyright © Weltrend 2024, All Rights Reserved
3Q25 Product Mix (YoY)
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| (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) |
|---|---|---|---|---|---|
| 3Q25 | % | 3Q24 | % | YoY | |
| Power | 325,395 | 35% | 349,338 | 41% | -7% |
| Smart Applications | 289,239 | 32% | 241,429 | 29% | 20% |
| Own Brand Products | 614,634 | 67% | 590,767 | 70% | 4% |
| Distribution Products | 304,684 | 33% | 256,714 | 30% | 18% |
| Total | 919,318 | 100% | 847,481 | 100% | 8% |
~~Weltrend Semiconductor, Inc.~~
P13
Copyright © Weltrend 2024, All Rights Reserved
3Q25 Product Mix (QoQ)
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| (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) | (Expressed in NT$K) |
|---|---|---|---|---|---|
| 3Q25 | % | 2Q25 | % | QoQ | |
| Power | 325,395 | 35% | 322,286 | 35% | 1% |
| Smart Applications | 289,239 | 32% | 300,769 | 32% | -4% |
| Own Brand Products | 614,634 | 67% | 623,055 | 67% | -1% |
| Distribution Products | 304,684 | 33% | 305,656 | 33% | 0% |
| Total | 919,318 | 100% | 928,711 | 100% | -1% |
~~Weltrend Semiconductor, Inc.~~
P14
Copyright © Weltrend 2024, All Rights Reserved
Unique Combination of Technical Core Competences bringing intelligence into Power, Drivers, and Analogs
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~~Weltrend Semiconductor, Inc.~~
P15
Copyright © Weltrend 2025, All Rights Reserved
Global Leader in USB PD for Power Source Applications
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Image Source: USB-IF, Internet
Global USB-C Market 2024-2028
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Source: Technavio
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USB-C is fast becoming the universal charging standard and supporting more devices –
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The latest USB PD 3.1 spec extends the maximum power over USB-C to 240W from 100W, supporting more devices such as gaming notebooks, household appliances, e-bikes, and other higher powered devices
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EU‘s Common Charger Directive requires that all new devices sold in the EU must support USB-C charging from Dec, 2024 (laptops in April, 2026).
~~Weltrend Semiconductor, Inc.~~
P16
Copyright © Weltrend 2025, All Rights Reserved
Smart Cooling – Comprehensive Air Cooling and Liquid Cooling Solutions for Data Centers, Edge Devices, and beyond
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IT Non-IT
Fan Array
Home Appliances
Water Pump/
Side-car Fan
Leakage
48v
Detection/
Valve Control
Server/Telecom
12v Weltrend
24v
Automotive
Crypto Mining
/Gaming
AI PC EV Charging
/Graphic Card PV Inverter
Pile
Edge Devices Renewable Energy
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----- Start of picture text -----
Automotive
EV Charging
PV Inverter
Pile
Renewable Energy
----- End of picture text -----
~~Weltrend Semiconductor, Inc.~~
P17
Copyright © Weltrend 2025, All Rights Reserved
Image Source: Internet
Analogy between USB-C Power Adapter for notebook PC and Server Cooling Fan for data centers – Well positioned for another global market share leader
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| USB-C Power Adapter for NB | Server Cooling Fan | |
|---|---|---|
| Application Market | Notebook PC | Server |
| Device TAM | ~159m (excluding Apple) | ~13.6m |
| Weltrend IC per Unit | 1 | ~12 |
| Market IC TAM (Units) | ~159m | ~163m |
| Weltrend ASP (US$) | ~$0.3 | ~$0.3+ |
| Weltrend TAM (US$) | ~$48m | ~$49m |
| Weltrend Market Share | 60%+ (#1)* | >30% and growing |
*based on 60% USB-C penetration rate
Image Source: Internet
~~Weltrend Semiconductor, Inc.~~
P18
Copyright © Weltrend 2025, All Rights Reserved
Recent Business Highlights
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| 2022.8 | Weltrend Successfully Completed the Tender Offer to Acquire the Shares ofSentelic at a Price of NT$72.9 |
| 2023.1 | Transphorm and Weltrend Semiconductor Partner to Release IntegratedGaN System-in-Package |
| 2023.9 | Weltrend issued Company’s 1st Domestic UnsecuredConvertible Corporate Bonds for a face value of NT$1.10bn |
| 2023.11 | Weltrend PassesISO 14064 Greenhouse Gas Emission Verification |
| 2023.12 | Weltrend receives “Medium-sized Enterprises M&A Deal Award” from the 2023 MAPECT Taiwan M&A Awards |
| 2025.3 | Weltrend and Sentelic Board of Directors ApprovedConsolidation via Share Swap |
| 2025.12 | Weltrend to ConductCapital Reductionof NT$16,000,000 by Cancelling Treasury Shares |
~~Weltrend Semiconductor, Inc.~~
P19
Copyright © Weltrend 2025, All Rights Reserved
Q & A
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www.weltrend.com
~~Weltrend Semiconductor, Inc.~~
P20
Copyright © Weltrend 2025, All Rights Reserved
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THANK YOU!
~~Weltrend Semiconductor, Inc.~~
P21
Copyright © Weltrend 2025, All Rights Reserved