FST Corp (NAS:KBSX)
$ 0.97 +0.016 (+1.69%) Market Cap: 43.25 Mil Enterprise Value: 72.19 Mil PE Ratio: 0 PB Ratio: 2.76 GF Score: 10/100

Q4 2025 FST Ltd Earnings Call Transcript

Apr 22, 2026 / 12:00PM GMT
Release Date Price: $1.41 (+15.57%)

Key Points

Positve
  • FST Corp (KBSX) achieved a 31% year-over-year revenue growth, reaching $48 million in 2025.
  • The company significantly narrowed its net loss from $3.2 million in 2024 to $1.5 million in 2025.
  • FST Corp expanded its geographic market presence, successfully entering Japan, Europe, and Korea.
  • The company implemented operational efficiencies, including expanding storage space and adopting the Shopify Plus program, which improved inventory tracking and reduced costs.
  • FST Corp's graphite shaft sales saw a significant increase, contributing to more than half of the company's $11.5 million incremental revenue in 2025.
Negative
  • FST Corp still reported a net loss of $1.5 million for 2025, despite improvements.
  • The company faces elevated fuel and shipping costs, which could impact future financial results.
  • FST Corp's debt profile includes $18 million in short-term debt, which they plan to convert to long-term debt.
  • Gross profit margin remained stable at 43%, indicating no improvement from the previous year.
  • The company has not provided specific numerical guidance for Q1 2026 revenue, creating uncertainty for investors.
Operator

Good morning, and welcome to the FST Corp Financial Results Conference Call and live webcast for the year ended December 31, 2025.

Joining us from the company this morning are Chief Executive Officer David Chuang and Chief Financial Officer Sebastian Tadla.

At the request of the company, today's call is being recorded and will be available for replay along with the transcript for this call.

On this Investor Relations section of the company's corporate website, fstcorp.com, you may also access the teleconference replay via the Echo Replay platform by dialing either +1-800-715-9871 or +1-646-307-1963 and inputting playback ID 6,261,208, followed by the pound key.

This replay will expire on Friday, May 22nd, 2026, at 11:59 P.M. Eastern Daylight Time.

(Operator Instructions)

At this point, I would like to turn the call over to Scott Powell, President of Skyline Corporate Communications Group.

Scott Powell
Skyline Corporate Communications Group - President

Thank you, operator, and thanks, everyone, for

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