$UMC

UNITED MICROELECTRONICS CORP

CIK:0001033767|SEC Filings

Consolidated Statements of Comprehensive Income $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 TWD ($) $ / shares	Dec. 31, 2025 USD ($) $ / shares	Dec. 31, 2024 TWD ($) $ / shares	Dec. 31, 2023 TWD ($) $ / shares
Statement of comprehensive income [abstract]
Operating revenues	$ 237,553,199	$ 7,572,623	$ 232,302,584	$ 222,533,000
Operating costs	(168,646,700)	(5,376,050)	(156,648,504)	(144,789,162)
Gross profit	68,906,499	2,196,573	75,654,080	77,743,838
Operating expenses
Sales and marketing expenses	(2,433,447)	(77,573)	(2,701,483)	(3,225,154)
General and administrative expenses	(6,791,899)	(216,509)	(7,117,416)	(7,477,037)
Research and development expenses	(17,724,752)	(565,022)	(15,616,039)	(13,283,830)
Expected credit impairment gains	2,408	77	69,519	130,518
Subtotal	(26,947,690)	(859,027)	(25,365,419)	(23,855,503)
Net other operating income and expenses	1,989,879	63,433	1,323,909	4,002,326
Operating income	43,948,688	1,400,979	51,612,570	57,890,661
Non-operating income and expenses
Interest income	2,278,551	72,635	3,670,218	4,853,124
Other income	2,457,203	78,330	1,253,376	1,773,498
Other gains and losses	925,211	29,492	(302,704)	223,096
Finance costs	(1,602,065)	(51,070)	(1,756,100)	(1,570,374)
Share of profit or loss of associates and joint ventures	657,163	20,949	1,238,628	4,307,614
Bargain purchase gain in acquisition of equity investee	0	0	0	494,001
Exchange gain, net	0	0	1,328,832	478,784
Exchange loss, net	(583,084)	(18,587)
Subtotal	4,132,979	131,749	5,432,250	10,559,743
Income from continuing operations before income tax	48,081,667	1,532,728	57,044,820	68,450,404
Income tax expense	(7,902,854)	(251,924)	(8,370,194)	(8,311,270)
Net income	40,178,813	1,280,804	48,674,626	60,139,134
Items that will not be reclassified subsequently to profit or loss
Remeasurements of defined benefit pension plans	145,103	4,625	188,451	402,234
Unrealized gains or losses from equity instruments investments measured at fair value through other comprehensive income	(3,423,919)	(109,146)	(539,327)	5,530,359
Share of other comprehensive income (loss) of associates and joint ventures which will not be reclassified subsequently to profit or loss	3,090,371	98,514	301,134	1,610,116
Income tax related to items that will not be reclassified subsequently	29,772	949	16,216	(414,395)
Subtotal	(158,673)	(5,058)	(33,526)	7,128,314
Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operations	(5,848,451)	(186,435)	8,902,745	(2,386,278)
Share of other comprehensive income (loss) of associates and joint ventures which may be reclassified subsequently to profit or loss	(17,319)	(552)	323,374	(74,418)
Income tax related to items that may be reclassified subsequently	515,359	16,428	129,000	390,428
Subtotal	(5,350,411)	(170,559)	9,355,119	(2,070,268)
Total other comprehensive income (loss)	(5,509,084)	(175,617)	9,321,593	5,058,046
Total comprehensive income (loss)	34,669,729	1,105,187	57,996,219	65,197,180
Net income (loss) attributable to:
Shareholders of the parent	40,360,314	1,286,590	48,779,300	59,688,950
Non-controlling interests	(181,501)	(5,786)	(104,674)	450,184
Net income	40,178,813	1,280,804	48,674,626	60,139,134
Comprehensive income (loss) attributable to:
Shareholders of the parent	34,851,252	1,110,974	58,100,817	64,747,010
Non-controlling interests	(181,523)	(5,787)	(104,598)	450,170
Total comprehensive income (loss)	$ 34,669,729	$ 1,105,187	$ 57,996,219	$ 65,197,180
Earnings per share (NTD)
Earnings per share-basic \| (per share)	$ 3.3	$ 0.11	$ 4.01	$ 4.92
Earnings per share-diluted \| (per share)	$ 3.27	$ 0.1	$ 3.94	$ 4.82

Consolidated Statements of Cash Flows $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 TWD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 TWD ($)	Dec. 31, 2023 TWD ($)
Cash flows from operating activities:
Net income before tax	$ 48,081,667	$ 1,532,728	$ 57,044,820	$ 68,450,404
Adjustments to reconcile net income before tax to net cash provided by operating activities:
Depreciation	56,427,377	1,798,769	45,472,102	37,757,556
Amortization	2,831,540	90,263	2,695,564	2,726,481
Expected credit impairment gains	(2,408)	(77)	(69,519)	(130,518)
Net loss (gain) of financial assets and liabilities at fair value through profit or loss	(707,129)	(22,542)	320,956	40,553
Interest expense	1,529,063	48,743	1,678,702	1,473,729
Interest income	(2,278,551)	(72,635)	(3,670,218)	(4,853,124)
Dividend income	(2,412,092)	(76,892)	(1,202,714)	(1,773,498)
Share-based payment	491,280	15,661	788,849	1,031,896
Share of profit of associates and joint ventures	(657,163)	(20,949)	(1,238,628)	(4,307,614)
Gain on disposal of property, plant and equipment	(99,178)	(3,161)	(72,402)	(268,293)
Gain on disposal of subsidiary	0	0	(352)	0
Loss (gain) on disposal of investments accounted for under the equity method	(218,088)	(6,952)	2,093	(163,395)
Exchange loss (gain) on financial assets and liabilities	(991,422)	(31,604)	1,331,907	85,353
Bargain purchase gain in acquisition of equity investee	0	0	0	(494,001)
Gain on lease modification	(5,810)	(185)	(8,599)	(113)
Amortization of deferred government grants	(1,520,370)	(48,466)	(841,091)	(2,663,843)
Income and expense adjustments	52,387,049	1,669,973	45,186,650	28,461,169
Changes in operating assets and liabilities:
Financial assets and liabilities at fair value through profit or loss	(64,981)	(2,071)	(543,068)	1,945,525
Contract assets	(77,325)	(2,465)	110,439	(381,105)
Accounts receivable	1,830,841	58,363	(3,269,237)	7,201,939
Other receivables	(232,703)	(7,418)	662,553	(526,223)
Inventories	(1,825,652)	(58,197)	365,305	(4,944,756)
Other current assets	(400,467)	(12,766)	192,256	939,912
Contract fulfillment costs	(600,892)	(19,155)	303,311	(164,316)
Contract liabilities	1,751,842	55,844	(599,528)	(267,858)
Accounts payable	1,612,124	51,390	14,590	(1,341,114)
Other payables	70,370	2,243	(1,173,347)	(5,683,081)
Other current liabilities	469,989	14,982	1,056,250	1,470,483
Net defined benefit liabilities	(420,927)	(13,418)	(584,384)	(262,084)
Other noncurrent liabilities	(3,086)	(98)	(4,947)	(89,593)
Cash generated from operations	102,577,849	3,269,935	98,761,663	94,809,302
Interest received	2,276,904	72,582	4,151,879	4,579,972
Dividend received	2,387,240	76,100	2,274,607	3,649,805
Interest paid	(1,017,112)	(32,423)	(1,339,730)	(1,027,500)
Income tax paid	(6,360,694)	(202,764)	(9,976,377)	(16,011,870)
Net cash provided by operating activities	99,864,187	3,183,430	93,872,042	85,999,709
Cash flows from investing activities:
Acquisition of financial assets at fair value through profit or loss	(625,538)	(19,941)	(1,894,858)	(1,182,248)
Proceeds from disposal of financial assets at fair value through profit or loss	633,226	20,186	989,051	525,237
Proceeds from capital reduction of financial assets at fair value through other comprehensive income	160,659	5,121	0	0
Acquisition of financial assets at fair value through other comprehensive income	(150,000)	(4,782)	(64,694)	0
Acquisition of financial assets measured at amortized cost	(14,975,561)	(477,385)	(4,167,692)	(6,296,321)
Proceeds from redemption of financial assets measured at amortized cost	6,712,587	213,981	6,702,256	678,907
Acquisition of investments accounted for under the equity method	0	0	(533,973)	0
Proceeds from disposal of investments accounted for under the equity method	0	0	0	293,266
Proceeds from capital reduction of investments accounted for under the equity method	574,997	18,330	1,601,874	1,303,106
Increase in prepayment for investments	0	0	(7,135)	0
Acquisition of subsidiary (net of cash acquired)	(19,441)	(620)	0	0
Disposal of subsidiary	0	0	(196,009)	0
Acquisition of property, plant and equipment	(47,744,896)	(1,521,992)	(88,543,595)	(91,473,668)
Proceeds from disposal of property, plant and equipment	128,837	4,107	120,939	323,385
Increase in refundable deposits	(243,393)	(7,759)	(769,153)	(44,100)
Decrease in refundable deposits	317,322	10,116	1,519,269	83,856
Acquisition of intangible assets	(2,988,751)	(95,274)	(2,799,420)	(2,546,516)
Government grants related to assets acquisition	5,097,841	162,507	2,131,264	591,086
Increase in other noncurrent assets	(32,357)	(1,031)	(29,227)	(42,532)
Decrease in other noncurrent assets	36	1	0	0
Net cash used in investing activities	(53,154,432)	(1,694,435)	(85,941,103)	(97,786,542)
Cash flows from financing activities:
Increase in short-term loans	18,823,523	600,048	30,683,900	29,120,960
Decrease in short-term loans	(18,930,054)	(603,445)	(35,698,900)	(15,590,960)
Cash payments for the principal portion of the lease liability	(849,810)	(27,090)	(731,138)	(666,439)
Proceeds from bonds issued	20,000,000	637,552	0	10,000,000
Bonds issuance costs	(15,880)	(506)	(465)	(10,755)
Redemption of bonds	0	0	(8,500,000)	0
Proceeds from long-term loans	25,141,820	801,461	36,286,030	15,416,130
Repayments of long-term loans	(46,831,206)	(1,492,866)	(23,107,596)	(11,558,426)
Increase in guarantee deposits	2,827,304	90,127	68,041	11,651,109
Decrease in guarantee deposits	(3,607,656)	(115,003)	(640,362)	(1,227,764)
Decrease in other financial liabilities	0	0	0	(21,209,443)
Cash dividends	(35,784,383)	(1,140,720)	(37,585,606)	(45,014,783)
Change in non-controlling interests	22,483	717	26,349	4,187
Net cash used in financing activities	(39,203,859)	(1,249,725)	(39,199,747)	(29,086,184)
Effect of exchange rate changes on cash and cash equivalents	(1,846,070)	(58,848)	3,715,419	(392,145)
Net increase (decrease) in cash and cash equivalents	5,659,826	180,422	(27,553,389)	(41,265,162)
Cash and cash equivalents at beginning of year	105,000,226	3,347,154	132,553,615	173,818,777
Cash and cash equivalents at end of year	$ 110,660,052	$ 3,527,576	$ 105,000,226	$ 132,553,615

Consolidated Balance Sheets $ in Thousands, $ in Thousands	Dec. 31, 2025 TWD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 TWD ($)	Dec. 31, 2024 USD ($)
Current assets
Cash and cash equivalents	$ 110,660,052	$ 3,527,576	$ 105,000,226	$ 3,347,154
Financial assets at fair value through profit or loss, current	568,521	18,123	606,018
Financial assets at fair value through other comprehensive income, current	4,630,441	147,607	5,893,377
Financial assets measured at amortized cost, current	12,506,177	398,667	3,739,224
Contract assets, current	705,398	22,486	625,713
Accounts receivable, net	30,772,159	980,942	32,723,426
Accounts receivable-related parties, net	502,149	16,007	620,013
Other receivables	2,457,085	78,326	1,651,494
Current tax assets	66,443	2,118	83,944
Inventories, net	37,228,383	1,186,751	35,782,464
Other current assets	4,686,450	149,393	2,951,985
Total current assets	204,783,258	6,527,996	189,677,884
Non-current assets
Financial assets at fair value through profit or loss, noncurrent	17,585,395	560,580	17,850,914
Financial assets at fair value through other comprehensive income, noncurrent	9,144,308	291,499	11,315,951
Investments accounted for under the equity method	36,869,092	1,175,298	33,274,869
Property, plant and equipment	271,395,296	8,651,428	279,059,037
Right-of-use assets	7,476,034	238,318	8,039,015
Intangible assets	4,742,876	151,191	4,154,315
Deferred tax assets	8,575,316	273,360	5,224,503
Prepayment for equipment	1,162,218	37,049	4,932,505
Refundable deposits	1,643,661	52,396	1,992,400
Other noncurrent assets	3,897,409	124,240	4,647,562
Total non-current assets	362,491,605	11,555,359	370,491,071
Total assets	567,274,863	18,083,355	560,168,955
Current liabilities
Short-term loans	8,408,772	268,051	8,515,000
Financial liabilities at fair value through profit or loss, current	57,163	1,822	901,000
Contract liabilities, current	2,580,789	82,269	2,200,561
Accounts payable	9,169,828	292,312	7,633,427
Other payables	24,447,427	779,325	24,103,882
Payables on equipment	11,680,298	372,340	10,522,489
Current tax liabilities	5,511,325	175,688	5,504,166
Lease liabilities, current	624,825	19,918	636,357
Current portion of long-term liabilities	19,188,041	611,668	10,994,998
Other current liabilities	7,858,719	250,517	6,387,463
Total current liabilities	89,527,187	2,853,910	77,399,343
Non-current liabilities
Contract liabilities, noncurrent	1,787,375	56,977	459,620
Bonds payable	34,071,144	1,086,106	24,584,979
Long-term loans	11,300,910	360,246	30,948,500
Deferred tax liabilities	12,215,437	389,399	8,118,251
Lease liabilities, noncurrent	5,376,021	171,375	5,782,659
Net defined benefit liabilities, noncurrent	866,219	27,613	1,432,249
Guarantee deposits	39,805,928	1,268,917	41,953,360
Other noncurrent liabilities	6,412,470	204,414	3,783,283
Total non-current liabilities	111,835,504	3,565,047	117,062,901
Total liabilities	201,362,691	6,418,957	194,462,244
Commitments and contingencies
Capital
Common stock	125,881,563	4,012,801	125,607,164
Additional paid-in capital
Premiums	5,200,426	165,777	4,960,958
Treasury stock transactions	9,810,771	312,744	9,067,812
Transactions with noncontrolling interests	3,235,687	103,146	3,150,745
Share-based payment	1,977,084	63,025	1,877,097
Other	20,959	668	20,858
Retained earnings
Legal reserve	41,466,099	1,321,839	36,727,862
Unappropriated earnings	184,173,477	5,871,007	184,233,181
Other components of equity
Exchange differences on translation of foreign operations	(4,435,016)	(141,378)	915,373
Unrealized gains or losses on financial assets measured at fair value through other comprehensive income	10,420,370	332,176	10,684,860
Unearned employee compensation	(2,122,645)	(67,665)	(1,992,034)
Treasury stock	(9,803,778)	(312,521)	(9,803,778)
Total equity attributable to the parent company	365,824,997	11,661,619	365,450,098
Non-controlling interests	87,175	2,779	256,613
Total equity	365,912,172	11,664,398	365,706,711
Total liabilities and equity	$ 567,274,863	$ 18,083,355	$ 560,168,955