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    Wholesale distributors
Topco Technologies Corp.

Topco Technologies Corp.

TTPEX:3388
80.50
TWD
-0.80
(-0.98%)
5.24EPS
14.57P/E
6.45BMarket Cap
Nov 16Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
113.59
119.37
112.92
114.84
123.75
136.68
105.53
106.84
127.38
117.52
94.57
102.18
99.43
108.54
Basic EPS, GAAP
5.33
5.06
4.6
4.6
5.65
7.41
5.1
5.32
8.04
6.3
3.52
4.09
4.15
5.69
Free Cash Flow per Basic Share
4.79
7.89
6.7
5.16
6.12
4.06
6.69
8.12
5.06
5.68
8.69
1.5
4.98
-7.4
Dividend per Share
4.92
4.92
5.11
4.08
4.14
4.72
5.13
3.6
4.3
6
4.41
3.1
3.5
- -
Book Value per Share
45.92
46.29
46.32
45.09
47.06
50.78
51.18
54.09
58.19
61
58.54
63.26
62.25
63.74
Tangible Book Value per Share
45.89
46.26
46.3
45.07
47.03
50.76
51.17
54.08
58.19
61
58.54
63.26
62.25
63.74
Basic Weighted Avg Shares
63
63
63
63
62
63
74
74
74
74
74
74
74
74
Sales/Revenue/Turnover
7,155
7,519
7,113
7,234
7,672
8,545
7,772
7,913
9,434
8,704
7,004
7,568
7,364
8,054
Operating Margin (%)
5.86
5.73
5.46
5.26
6.48
7.69
6.26
6.31
8.15
6.79
4.59
5.61
6.21
7.41
Depreciation Expense
7
7
9
7
6
6
57
55
57
58
63
59
56
55
Net Income, GAAP
336
319
290
290
350
463
376
394
595
466
261
303
308
422
Effective Tax Rate (%)
20.94
24.28
21.21
23.07
22.2
26.28
22.03
21.52
23.2
22.58
25.4
30.03
32.15
30.98
Profit Margin (%)
4.69
4.24
4.08
4.01
4.56
5.42
4.84
4.98
6.31
5.36
3.72
4.01
4.18
5.24
Working Capital
2,834
2,917
2,906
2,848
2,917
3,091
3,319
3,415
3,675
4,460
4,340
3,972
4,622
4,540
LT Debt
- -
- -
83
83
70
57
80
47
44
694
695
48
706
806
Total Equity
3,002
3,147
3,147
3,061
3,194
3,384
3,920
4,148
4,457
4,660
4,480
4,846
4,766
5,117
Return on Invested Capital (%)
10.67
10.17
9.18
8.76
10.98
13.5
9.99
9.14
12.7
8.72
4.46
5.32
5.43
7.11
Return on Capital (%)
10.32
9.33
8.22
8.27
9.96
12.85
9.59
8.94
12.7
9.16
4.86
5.48
5.52
7.39
Return on Common Equity (%)
11.79
10.77
9.57
9.73
11.67
14.67
10.67
10.11
14.32
10.57
5.89
6.72
6.62
9.23

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
137
237
260
LT Borrowings
672
1,001
768
LT Finance Leases
34
34
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
74
74
78
Market Capitalization
4,555
4,762
6,446

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,799
6,016
6,252
Cash, Cash Equivalents & STI
2,880
2,884
2,722
Accounts Receivable, Net
1,627
1,771
2,039
Inventories
960
1,002
1,088
Total Current Liabilities
1,177
1,628
1,712
Payables & Accruals
- -
- -
- -
ST Debt
137
237
260
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.39%
2.93%
-1.65%
Free Cash Flow
25.31%
35.26%
231.41%
Net Income, GAAP
4.21%
0.59%
1.43%
Sales/Revenue/Turnover
0.92%
-0.54%
-2.69%
Total Cash Common Dividend
0.9%
3.14%
12.9%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,765
1,919
1,974
1,910
7,568
2025
1,775
1,920
1,833
1,835
7,364
2026
2,004
2,381
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.84
1.01
1.15
1.1
4.09
2025
0.94
0.95
1.18
1.09
4.15
2026
1.2
2.21
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.1
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Sheng-Ho Chang
Full Time Employees
246
Sector
Distribution services
Industry
Wholesale distributors
Address
No. 102, Civic Boulevard Taipei TP Taiwan 10690
IPO Date
Nov 1, 2004
Website
topcocorp.com
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Business
Topco Technologies Corp. specializes in the global distribution of advanced material solutions, with a foundational emphasis on a broad range of silicone-based products across Taiwan and international markets. The company provides various silicone fluids, specialized modified silicones, defoaming agents, release compounds, textile treatment chemicals, as well as additives for paints and cosmetics. Its offerings also include silicone resins, pressure-sensitive adhesives, silane coupling agents, silicone powders, antistatic agents, and diverse silicone rubber formulations, encompassing both one-component (RTV I) and two-component (RTV II) systems, along with silicone greases and materials for LED applications. Beyond its core silicone portfolio, Topco Technologies has evolved into a comprehensive integrated service provider for high-tech industries, particularly in semiconductors and optoelectronics. This expanded scope includes the provision of essential materials such as wafer carriers, thin films, and specialty chemicals critical for etching processes, alongside various derivative equipment and precision parts. The firm also delivers integrated circuit (IC) foundry services, encompassing ASIC design, wafer fabrication support, rigorous package evaluation, photomask procurement, and expert engineering consultation to accelerate product development. The company's product lines further extend to different adhesives like EXELAST, acrylics, and water-based varieties; functional materials such as Matsumoto microspheres and PTFE membranes; privacy filters and related touch panel components; polymer conductive inks; and thermal management materials including thermal pads and gels. Topco Technologies maintains a global operational footprint, actively expanding its supply chain platform across key regions including the USA, Japan, South Korea, and Southeast Asia. Established in 1981, the company is headquartered in Taipei City, Taiwan.