DAQO New Energy reported unaudited Q4 2025 revenue of USD 221.7 million and gross profit of USD 15.4 million (gross margin 7.0%). Net loss attributable to shareholders was USD 7.3 million, or USD 0.11 per basic ADS, while non-GAAP EBITDA was USD 52.5 million (EBITDA margin 23.7%). Polysilicon sales volume was 38,167 MT and production volume was 42,181 MT, with polysilicon ASP at USD 5.83/kg; average total production cost was USD 5.83/kg and average cash cost was USD 4.46/kg. For FY 2025, DAQO New Energy posted revenue of USD 665.4 million and a gross loss of USD 137.9 million (gross margin -20.7%). Net loss attributable to shareholders was USD 170.5 million (USD 2.53 per basic ADS) and non-GAAP EBITDA was USD 1.7 million (EBITDA margin 0.3%). Polysilicon production volume was 123,652 MT and sales volume was 126,707 MT. Management said utilization rose from 33% in Q1 to 55% in Q4, sales exceeded production to reduce year-end inventory, and the company generated USD 56.1 million of operating cash flow in 2025. Liquidity totaled USD 2.27 billion at year-end, including USD 980.3 million in cash, USD 114.0 million in short-term investments, USD 135.5 million in bank notes receivable, and USD 972.4 million in fixed term deposits within one year. DAQO New Energy guided for Q1 2026 polysilicon production of approximately 35,000 MT to 40,000 MT and FY 2026 production of approximately 140,000 MT to 170,000 MT.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DAQO New Energy Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202602260500PR_NEWS_USPR_____CN96492) on February 26, 2026, and is solely responsible for the information contained therein.