iST announced its financial report for the third quarter of 2025, with consolidated revenue of NT$1.276 billion, an increase of 5.95% from the previous quarter and an increase of 14.31% from the same period in 2024. The operating net profit was 84 million yuan, the after-tax net profit attributable to the parent company was 74 million yuan, and the EPS was 1.00 yuan. In the first three quarters of 2025, consolidated revenue was NT$3.611 billion, an increase of 11.51% compared with the same period in 2024. The net profit after tax attributable to the parent company was 312 million yuan, and the EPS was 4.20 yuan.
iST stated that although its profits this quarter were slightly affected, it was mainly due to the fact that the factory expansion and introduction of R&D expenses for two new technology services were recognized first in this quarter, which is a phased phenomenon of "expenses come first, and benefits follow". These two new services are an important layout for iST's future growth and also demonstrate the company's ambition to lead in technology.
Among them, the "2nm ALD New Material Verification Platform" is a new service launched by iST for the development of advanced processes. As major wafer foundries gradually introduce three-dimensional transistor architectures, the demand for ALD (atomic layer deposition) equipment and new materials will expand rapidly in the future, driving the growth of the overall supply chain. iST follows the trend and extends its analysis capabilities to the material end, from new material selection, coating to film quality assessment, creating a one-stop verification process from "material end to chip end", which can help material manufacturers and large chip OEMs speed up the development of new materials and shorten the product introduction time.
Another "Silicon Photonics and CPO Verification Solution" targets the photoelectric integration needs in the fields of high-speed computing and AI servers. iST integrates optoelectronic testing, reliability verification and structural analysis, and cooperates with Guangyan Technology, a leading domestic optical testing company, to successfully break through the industry's long-term difficulty in quantifying light loss values and packaging yields, allowing customers to grasp risks and improve yields during the design stage. iST emphasized that the introduction of these two new services is the company's most forward-looking technology investment in recent years. Although higher initial investment in equipment and R&D expenses is required, it will become an important engine to drive revenue and profit growth in the future.
Looking forward to the future, iST stated that the verification needs related to AI and high-speed computing are still an important driving force for the company's growth. In 2025, it received orders for high-end computing chip verification analysis and SLT (System Level Test) from major AI manufacturers, which fully demonstrated iST's technical advantages in the field of AI and advanced packaging, and continued growth momentum for operations in 2026. As for the two new service projects, since the plant expansion and equipment investment in 2025 have been accounted for in advance, although the expenses will increase in the short term, as the equipment is gradually put into production and customer verification is gradually carried out, it is expected to start to inject revenue and profits from 2026.
At the same time, ProPowertek, a subsidiary of ProPowertek, is also getting better at thinning AI power components. ProPowertek, together with major power component customers, has passed strict verification by major AI server end customers and is in stable mass production. Although there are still losses, the extent of losses has significantly narrowed. The company has high confidence that Yijin will reach profit and loss balance in the future, or even turn losses into profits.