MagnaChip FY 2025 net loss narrowed 45.3% to USD 29.7 million

Reuters
Mar 17
MagnaChip FY 2025 net loss narrowed 45.3% to USD 29.7 million

MagnaChip published its annual report on Form 10-K for FY 2025, reporting total revenues of USD 178.9 million, down 8.9%. Net sales from the Power Solutions business were USD 178.9 million, down 3.7%, driven mainly by competitive pricing pressure on older-generation products in China, partly offset by higher demand for low-voltage MOSFETs in communication applications. Gross profit was USD 31.4 million, down 18.9%, with gross margin at 17.6% versus 19.7% a year earlier. Operating loss was USD 35.9 million and net loss was USD 29.7 million; loss from continuing operations was USD 14.2 million. The company said its board approved a plan to shut down the Display business by the end of Q2 2025, and it ended FY 2025 with cash and cash equivalents of USD 103.8 million, down 25.2%.

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