Primax Reports 3Q25 Financial Results and Business Outlook

Primax Electronics (TWSE: 4915) today held an earnings call for the third quarter ended September 30, 2025.

Key 3Q25 Financial Highlights

• Revenue was NT$15.9 billion, down 0.8% year-over-year (YoY)
• Gross margin was 17.0%, down 0.1 ppt YoY and 0.4 ppt QoQ
• Operating margin was 4.9%, flat QoQ, and down 0.3ppt YoY
• Net income was NT$712 million, down 7.9% YoY
• Earnings per share (EPS) was NT$1.55, flat YoY

Primax’s consolidated revenue for the first three quarters amounted to NT$45.2 billion, up 0.5% YoY. Gross margin and operating margin were 17.2% and 4.9%, up 0.4ppt and flat YoY, respectively. Net income was NT$ 2.19 billion, translating to an EPS of NT$4.76, up 3.9% YoY, for the first three quarters of 2025.

For 3Q25 revenue breakdown, information products accounted for 47% of total revenue, followed by smart lifestyle products (22%) and Auto/ AIoT products (31%). Primax has been optimizing its product mix as Auto/AIoT products is steadily increasing year by year, driving improvements in gross margin and reinforcing the company’s mid to long-term growth momentum.

YY Hsiao, General Manager and CFO of Primax, stated that Primax delivered solid operational performance in the third quarter, Auto/AIOT segment grew 27.5% YoY, thanks to AIOT growth momentum coupled with increasing new prodjects. Information product segment remained stable. Despite 3Q25 gross margin was slightly affected by product mix and foreign exchange currency impact, gross margin still remained at relatively high level as  the company demonstrated resilience and consistent execution amid macro headwinds.

Looking ahead to 4Q25, global economic and geopolitical uncertainties persist. Primax will leverage its diversified product portfolio to strengthen growth in high value-added areas such as AIoT, public safety, and automotive applications. The Company will also advance its X-IN-1 Sensory Fusion strategy by integrating vision, acoustic, and interface capabilities, while expanding into broader smart applications such as AI surveillance and industrial inspection, delivering more intelligent and differentiated system solutions that showcase Primax’s strong technological integration and competitive edge in AI sensing. In addition, Primax will continue to enhance its global manufacturing footprint and supply chain resilience. Thailand plant is expected to account for nearly 30% of total production value by year-end.