Reported Earnings • May 12
First quarter 2026 earnings released: NT$0.005 loss per share (vs NT$0.72 profit in 1Q 2025) First quarter 2026 results: NT$0.005 loss per share (down from NT$0.72 profit in 1Q 2025). Net loss: NT$195.0k (down 101% from profit in 1Q 2025). Reported Earnings • Mar 11
Full year 2025 earnings released Full year 2025 results: Revenue: NT$88.1m (up 58% from FY 2024). Net income: NT$51.0k (down 100% from FY 2024). Profit margin: 0.1% (down from 44% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 09
Teamphon Energy Co., Ltd., Annual General Meeting, Jun 23, 2026 Teamphon Energy Co., Ltd., Annual General Meeting, Jun 23, 2026. Location: b1 floor no,162, sung chiang rd., jhongshan district, taipei city Taiwan New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Taiwanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (64% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (NT$86m revenue, or US$2.7m). Market cap is less than US$100m (NT$1.39b market cap, or US$44.0m). New Risk • Nov 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (64% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (NT$86m revenue, or US$2.8m). Market cap is less than US$100m (NT$1.17b market cap, or US$37.3m). Reported Earnings • Nov 13
Third quarter 2025 earnings released: NT$0.36 loss per share (vs NT$1.48 profit in 3Q 2024) Third quarter 2025 results: NT$0.36 loss per share (down from NT$1.48 profit in 3Q 2024). Revenue: NT$31.4m (up 181% from 3Q 2024). Net loss: NT$14.0m (down 128% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2025 earnings released: NT$0.14 loss per share (vs NT$0.35 loss in 2Q 2024) Second quarter 2025 results: NT$0.14 loss per share (improved from NT$0.35 loss in 2Q 2024). Net loss: NT$5.05m (loss narrowed 55% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$56.60, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$45.20, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 25x in the Semiconductor industry in Taiwan. Total returns to shareholders of 66% over the past three years. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$0.76 (vs NT$0.26 loss in 1Q 2024) First quarter 2025 results: EPS: NT$0.76 (up from NT$0.26 loss in 1Q 2024). Net income: NT$27.9m (up NT$36.4m from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to NT$35.65, the stock trades at a trailing P/E ratio of 54.7x. Average trailing P/E is 23x in the Semiconductor industry in Taiwan. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$31.25, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 8.1% over the past three years. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (79% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (NT$56m revenue, or US$1.7m). Market cap is less than US$100m (NT$1.29b market cap, or US$38.9m). Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: NT$0.75 (vs NT$0.99 loss in FY 2023) Full year 2024 results: EPS: NT$0.75 (up from NT$0.99 loss in FY 2023). Revenue: NT$55.6m (up 31% from FY 2023). Net income: NT$24.2m (up NT$56.0m from FY 2023). Profit margin: 44% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Mar 10
Teamphon Energy Co., Ltd., Annual General Meeting, Jun 18, 2025 Teamphon Energy Co., Ltd., Annual General Meeting, Jun 18, 2025. Location: b1 floor no,162, sung chiang rd., jhongshan district, taipei city Taiwan New Risk • Feb 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (53% accrual ratio). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (NT$40m revenue, or US$1.2m). Market cap is less than US$100m (NT$2.02b market cap, or US$61.6m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: NT$1.58 (vs NT$0.41 loss in 3Q 2023) Third quarter 2024 results: EPS: NT$1.58 (up from NT$0.41 loss in 3Q 2023). Revenue: NT$11.2m (up 3.8% from 3Q 2023). Net income: NT$50.6m (up NT$63.6m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2024 earnings released: NT$0.35 loss per share (vs NT$0.23 loss in 2Q 2023) Second quarter 2024 results: NT$0.35 loss per share (further deteriorated from NT$0.23 loss in 2Q 2023). Net loss: NT$11.3m (loss widened 50% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Jun 14
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -NT$208m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-NT$208m). Revenue is less than US$5m (NT$42m revenue, or US$1.3m). Market cap is less than US$100m (NT$1.19b market cap, or US$36.9m). Announcement • Apr 03
Teamphon Energy Co., Ltd., Annual General Meeting, Jun 21, 2024 Teamphon Energy Co., Ltd., Annual General Meeting, Jun 21, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: NT$0.99 loss per share (vs NT$0.91 profit in FY 2022) Full year 2023 results: NT$0.99 loss per share (down from NT$0.91 profit in FY 2022). Net loss: NT$31.8m (down 217% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Nov 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.2% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risks Revenue is less than US$5m (NT$64m revenue, or US$2.0m). Market cap is less than US$100m (NT$953.4m market cap, or US$29.9m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to NT$30.25, the stock trades at a trailing P/E ratio of 69.3x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 3.4% over the past year. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$29.10, the stock trades at a trailing P/E ratio of 66.6x. Average trailing P/E is 22x in the Semiconductor industry in Taiwan. Total returns to shareholders of 50% over the past three years. Reported Earnings • Aug 12
Second quarter 2023 earnings released: NT$0.23 loss per share (vs NT$0.39 profit in 2Q 2022) Second quarter 2023 results: NT$0.23 loss per share (down from NT$0.39 profit in 2Q 2022). Revenue: NT$12.9m (down 49% from 2Q 2022). Net loss: NT$7.52m (down 168% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Board Change • Jun 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Zhang Yuan Long was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
Third quarter 2022 earnings released: NT$0.11 loss per share (vs NT$1.84 loss in 3Q 2021) Third quarter 2022 results: NT$0.11 loss per share (improved from NT$1.84 loss in 3Q 2021). Net loss: NT$3.59m (loss narrowed 91% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Zhang Yuan Long was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: NT$0.39 (vs NT$0.63 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$0.39 (up from NT$0.63 loss in 2Q 2021). Net income: NT$11.1m (up NT$21.8m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Zhang Yuan Long was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 28
Full year 2021 earnings released: NT$3.16 loss per share (vs NT$0.39 loss in FY 2020) Full year 2021 results: NT$3.16 loss per share (down from NT$0.39 loss in FY 2020). Net loss: NT$64.5m (loss widened NT$57.9m from FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Board Change • Feb 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Zhang Yuan Long was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 16
Third quarter 2021 earnings released: NT$1.84 loss per share (vs NT$0.11 loss in 3Q 2020) Third quarter 2021 results: Net loss: NT$37.7m (loss widened NT$35.8m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: NT$0.63 loss per share (vs NT$0.56 profit in 2Q 2020) Second quarter 2021 results: Net loss: NT$10.8m (down 212% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • May 17
First quarter 2021 earnings released: NT$0.39 loss per share (vs NT$0.22 loss in 1Q 2020) First quarter 2021 results: Net loss: NT$6.61m (loss widened 78% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: NT$0.38 loss per share (vs NT$4.64 loss in FY 2019) Full year 2020 results: Net loss: NT$6.61m (loss narrowed 92% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year. Announcement • Mar 18
Teamphon Energy Co., Ltd., Annual General Meeting, May 31, 2021 Teamphon Energy Co., Ltd., Annual General Meeting, May 31, 2021.