--- title: "Siltronic reports 2025 annual results worldwide; net loss of €77.9m." sdDatePublished: "2026-04-28T19:59:00Z" source: "https://www.siltronic.com/fileadmin/investorrelations/2025/Q4/260420_Siltronic_Annual_Report_2025_safe.pdf" topics: - name: "semiconductor and electronic component" identifier: "medtop:20000230" - name: "corporate earnings" identifier: "medtop:20000178" - name: "financial statement" identifier: "medtop:20000180" - name: "stocks and securities" identifier: "medtop:20000396" - name: "climate change" identifier: "medtop:20000418" - name: "waste management" identifier: "medtop:20000269" - name: "water supply" identifier: "medtop:20000270" - name: "human rights" identifier: "medtop:20000592" - name: "employment" identifier: "medtop:20000509" locations: - "Altötting" - "Freiberg" - "Munich" - "Singapore" --- Siltronic reports 2025 annual results worldwide; net loss of €77.9m. Siltronic Annual Report 2025 Siltronic Group key figures Statement of profit or loss In EUR million 2025 2024 2023 2022 2021 Sales 1,346.7 1,412.8 1,513.8 1,805.3 1,405.4 Gross profit 111.2 275.4 372.2 615.4 441.2 Gross margin % 8.3 19.5 24.6 34.1 31.4 EBITDA 316.9 363.8 433.9 671.6 466.4 EBITDA margin % 23.5 25.8 28.7 37.2 33.2 EBIT –26.4 125.2 231.3 495.6 316.9 EBIT margin % –2.0 8.9 15.3 27.5 22.5 Financial result –38.2 –24.9 –0.5 –8.5 1.5 Income taxes –13.3 –33.1 –29.5 –52.7 –28.7 Result for the period –77.9 67.2 201.3 434.4 289.6 Earnings per share EUR –2.31 2.10 6.15 13.02 8.44 Capital expenditure and net cash flow In EUR million 2025 2024 2023 2022 2021 Capital expenditure in property, plant and equipment, and intangible assets 369.1 523.4 1,315.9 1,073.6 425.6 Net cash flow –85.3 –297.0 –663.5 –395.4 1.7 Statement of financial position In EUR million Dec. 31, 2025 Dec. 31, 2024 Dec. 31, 2023 Dec. 31, 2022 Dec. 31, 2021 Total assets 4,760.9 5,084.4 4,504.9 4,050.7 2,455.4 Equity 2,028.3 2,215.2 2,099.7 2,067.1 1,318.8 Equity ratio % 42.6 43.6 46.6 51.0 53.7 Net financial debt/ assets 836.5 733.5 355.7 –373.6 –572.9 Non-financial performance indicators 2025 2024 2023 2022 2021 Climate protection: CO2 emissions scope 1 and 2 (market based) per one million sales metric ton CO2 eq 167.2 167.8 168.4 151.8 231.9 Circular economy: waste recycling ratio % 64.8 66.9 71.1 70.7 72.4 Circular economy: water recycling ratio % 13.1 4.0 10.0 9.6 9.2 Occupational safety: work accidents (with lost day) at work per million working hours Number 1.3 2.3 2.4 3.8 4.5 Human rights ans safety standards in the supply chain: audit coverage of key suppliers % 89 – – – – Employees 2025 2024 2023 2022 2021 Year-end, excluding external personnel 4,249 4,357 4,455 4,488 4,117 Siltronic Annual Report 2025  ––  Page 2 Siltronic Group key figures 4 5 8 8 14 17 18 23 26 34 37 47 49 52 61 108 109 110 111 112 113 114 156 162 Our Executive Board Interview with the Executive Board To our shareholders Supervisory Board report Siltronic on the stock exchange Combined management report Business and economic conditions Business report Financial position and financial performance Siltronic AG Risk and opportunity report Outlook Disclosures relevant to acquisitions Declaration on corporate governance Combined Non-Financial Statement and ESG Report Consolidated financial statements Consolidated statement of profit or loss Consolidated statement of comprehensive income Consolidated statement of financial position Consolidated statement of cash flows Consolidated statement of changes in equity Notes to the consolidated financial statements of Siltronic AG and subsidiaries Independent Auditor’s Report Compensation report Additional information 174 CONTENT Company profile As one of the world’s leading providers of high-tech wafer solutions, Siltronic is globally oriented and operates production facilities in Asia, Europe and the US. Wafers are the foundation of the semiconductor industry and the basis for chips in all applications of digital life – from servers and computers to smartphones, electric cars and wind turbines. Operating internationally and highly customer-oriented, the company consistently focuses on quality, technology, innovative strength, and operational excellence. Navigation toolbar Search Chapter table of contents Last page viewed Previous page Next page Contact Corporate Communications Investor Relations Siltronic Annual Report 2025 –– Page 3 Content Our Executive Board CLAUDIA SCHMITT Chief Financial Officer DR. MICHAEL HECKMEIER Chief Executive Officer KLAUS BUCHWALD  Chief Operating Officer Siltronic Annual Report 2025  ––  Page 4 Our Executive Board The year 2025 was characterized by a challenging market environ- ment. Nevertheless, Siltronic achieved a robust result. In the interview, Dr. Michael Heckmeier, Claudia Schmitt and Klaus Buchwald explain how Siltronic addressed the challenges and which strategic priorities the Company is focusing on. The main topics include the long-term growth prospects and our new vision, “We create the foundation of your digital life.” What does the new vision presented in this Annual Report — “We create the foundation of your digital life” — stand for? MH: Our newly formulated vision highlights the essential role Siltronic plays in the digital world. Wafers are the foundation of the semicon- ductor industry. The chips manufactured from them are now found in nearly every area of life. They are used in smartphones, cars, servers, data centers, and medical applications. Our wafers enable modern life — they make Artificial Intelligence, Digitalization, and advanced technologies possible. Siltronic makes a fundamental contribution to the digital world. Our wafers make modern life possible – enabling Artificial Intelligence, Digitalization, and advanced technologies. Dr. Michael Heckmeier, CEO At the same time, our vision underscores that we take a long-term perspective. Our goal is clear: to be among the top three wafer manufacturers in the Leading Edge and Power segments. Despite the challenging market environment, the semiconductor industry’s structural growth drivers remain unchanged. Which ones are they, and why do you believe you can benefit from them in the long term? KB: There are several megatrends from which we benefit. These include Digitalization, Electromobility, and Artificial Intelligence. The latter is of central importance to the wafer industry. Although this trend has not yet resulted in increased sales, the demand for silicon per AI application is rising significantly. It is important for us to align our operations precisely with these megatrends. We are creating the foundation today to support these developments with increasing volumes and a scalable production base. Does that mean that you are optimistic about the coming years? MH: Absolutely. In the short term, the environment will undoubtedly remain challenging. At the same time, we are very positive about the longer-term outlook. What gives us confidence is Siltronic’s clear strategic positioning in a structurally growing market shaped by disruptive technological advances. As one of the world’s leading providers of high-tech wafer solutions, we are a key pillar of the semiconductor industry. Thanks to our technological expertise, strong focus on quality, and operational excellence, we are able to work with our customers to develop the latest technologies and bring them to market. Interview with the Executive Board Wafers are the foundation of chips for the semiconductor industry and, by extension, of modern life. They are essential components in the devices and infrastructure that connect and power our everyday lives. Wafers thus underpin the technologies behind countless applications in today’s digital world. Siltronic Annual Report 2025  ––  Page 5 Interview with the Executive Board As the only wafer manufacturer headquartered in the Western Hemisphere, we also contribute to Europe’s technological sovereignty and to the resilience of European supply chains. This combination of a strong European footprint and a global presence enhances our competitiveness over the long term and makes Siltronic a reliable partner for the semiconductor industry. Let’s now take a look at the past financial year. How did Siltronic perform in light of the challenging market environment? MH: Siltronic performed in line with our expectations in financial year 2025 and, despite all challenges, once again achieved a high level of profitability. In the Memory and Logic segments, we saw the first signs of a demand recovery over the course of the year as inventory levels began to normalize. Combined with accelerating growth in end markets, this led to an increase in wafer area. In contrast, demand in the Power segment – and thus in the 200 mm area – remained weak due to persistently high inventory levels. In addition to negative currency effects, price pressure outside of long-term contracts had a particularly negative impact. How did these factors affect Siltronic’s financial and operational performance last year? CS: As expected, the developments outlined were reflected in our financial performance. With sales of EUR 1,347 million, we are – as projected – below the level of the previous year. The EBITDA margin reached 23.5 percent, which remains at a high level within our target corridor, but was noticeably below the previous year’s figure. In addition to negative FX effects, price pressure outside the long-term agreements had a particularly adverse impact. On the cost side, our cost program and increasing fixed‑cost dilution supported our operational perfor- mance. From H2 onward, the scheduled start of depreciation of our new fab in Singapore increasingly influenced our results. Despite tem- porarily reduced spending, we remain in an investment phase that continues to be primarily driven by the expansion of this new fab. KB: Strategically, we made important progress last year. This includes key customer qualifications at the new 300 mm fab in Singapore and the closure of our SD line in Burghausen. While the latter measure has a short-term impact on sales – the effect is in the single-digit percent range – it strengthens profitability and competitiveness. We are also particularly proud that during the reporting period we once again received several significant customer awards. We were honored for our operational excellence and outstanding quality performance, as well as for our reliability, technological strength, and our collaborative partnership, which are defining characteristics of our Company. We received the customer awards not only for our operational excellence and outstanding quality performance, but also for our reliability and our strong partnership. Klaus Buchwald, COO Which measures are you taking to further strengthen Siltronic? CS: Our focus is on three key levers: targeted investments, consistent cost efficiency, and active cash management. Since the investment peak in 2023, we have significantly reduced our expenditures and are clearly aligning new investments with our strategic priorities. At the same time, we are implementing a comprehensive, cross-functional cost program that addresses all major cost drivers. We also place great emphasis on prudent cash management, particularly with respect to working capital. It is also important for me to emphasize that Siltronic continues to maintain a solid liquidity position and sufficient financial flexibility to successfully navigate the current market environment. Smartphones combine computing power, connectivity, and sensor technology in a compact form. This is made possible by semiconductor chips, which are based on wafers. Siltronic Annual Report 2025  ––  Page 6 Interview with the Executive Board What role did ESG play last year? CS: ESG again played a central role last year. All three components – environmental, social, and responsible corporate governance – have long been embedded in our Company’s DNA. We pursue ambitious goals to continuously further develop our environmental and social performance as well as our governance structures. In doing so, we contribute to a more sustainable future while also strengthening our competitiveness. In the reporting year, we achieved our ambitious targets in the material categories of CO₂ intensity, water recycling, accident frequency, and human rights in the supply chain. For 2025, we also recently received CDP’s highest rating, “A‑Leadership,” in the categories Climate Chan