TSMC Form 6-K Summary: 2025 Full Year Results
Business Context and Reporting Period
Taiwan Semiconductor Manufacturing Company Limited (TSMC) filed a Form 6-K on February 10, 2026, reporting the Board of Directors' approval of the 2025 Business Report and Financial Statements. The data covers the fiscal year ended December 31, 2025, prepared in accordance with TIFRS on a consolidated basis.
Key Financial Metrics
| Metric | Value (NT$) |
|---|---|
| Net Sales | 3,809,054,272,000 |
| Gross Profit | 2,281,293,979,000 |
| Income from Operations | 1,936,091,677,000 |
| Net Income (Attributable to Parent) | 1,717,882,627,000 |
| Basic EPS | 66.26 |
| Total Assets | 7,933,023,878,000 |
| Total Liabilities | 2,472,228,595,000 |
| Shareholders' Equity | 5,419,595,994,000 |
Calculated Margins: Gross Margin was approximately 60.0%; Operating Margin was approximately 50.8%.
Material Changes and Capital Actions
- Dividend Declaration: The Board approved a cash dividend of NT$6.0 per share for the fourth quarter of 2025. The ex-dividend date is June 11, 2026, with payment on July 9, 2026.
- Employee Bonuses: Approved total employee bonuses of approximately NT$206.1 billion for 2025, split equally between quarterly business performance bonuses and a profit-sharing bonus to be paid in July 2026.
- Capital Expenditures: Approved capital appropriations of approximately US$44.96 billion for advanced technology capacity, packaging, and fab construction.
- Debt and Liquidity: Approved the issuance of unsecured corporate bonds up to NT$60 billion for capacity expansion and green initiatives. Additionally, approved a capital injection of up to US$30 billion to TSMC Global Ltd. to reduce foreign exchange hedging costs.
Outlook and Management Commentary
Management indicated that capital expenditures are driven by long-term capacity plans based on market demand forecasts and the technology development roadmap. The company continues to serve a broad ecosystem, having deployed 305 distinct process technologies and manufactured 12,682 products for 534 customers in 2025. The 2026 Annual General Meeting is scheduled for June 4, 2026.
Investor Verification Checklist
- Verify the exact timing of the ex-dividend date (June 11, 2026) for both common stock and ADSs to ensure eligibility for the NT$6.0 dividend.
- Confirm the impact of the US$44.96 billion capital expenditure plan on future cash flow and debt levels.
- Review the specific terms of the proposed NT$60 billion bond issuance for interest rates and maturity dates.
- Monitor the execution of the US$30 billion capital injection to TSMC Global Ltd. for foreign exchange hedging efficiency.
- Check for any updates on the 2026 AGM agenda regarding the ratification of these financial statements.