MAGNACHIP SEMICONDUCTOR Corp

Listed Company

MXCIK 0001325702NYSEAcceleratedSmaller ReportingSemiconductors & Related DevicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$178.86M

Net Income

$-29.72M

Total Assets

$351.53M

Equity

$248.25M

Shares Out

36.44M

Op. Cash Flow

$-24.21M

Business

MAGNACHIP SEMICONDUCTOR Corp designs and manufactures analog and mixed-signal semiconductor platform solutions for communication, IoT, consumer, computing, industrial and automotive applications. It offers Display IC products (source/gate drivers and timing controllers), Power IC products (AC-DC/DC-DC converters, LED drivers, regulators, PMICs) and Power discrete products (MOSFETs and IGBTs). The company operates through Mixed-Signal Solutions and Power Analog Solutions business lines following an internal separation. It serves global electronics OEMs via a direct sales force and a network of authorized agents and distributors, with significant design and manufacturing operations in Korea.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	179	196	230	338	474
Cost of sales	147	158	178	236	321
Gross profit	31	39	52	101	154
Selling, general and administrative expenses	35	38	48	51	52
Research and development expenses	27	25	52	52	51
Early termination and other charges	5	2	8	3	2
Total operating expenses	67	65	109	107	70
Operating loss:	−36	−26	−58	−5	83
Interest income	5	8	10	—	—
Interest expense	−2	−2	−828,000	−1	−1
Foreign currency loss, net	−281,000	−17	465,000	−3	−12
Other income, net	298,000	485,000	13,000	561,000	1
Loss from continuing operations before income tax benefit, net	−32	−36	−48	−3	74
Income tax benefit, net	−18	−8	−11	5	17
Loss from continuing operations	−14	−27	—	−8	57
Loss from discontinued operations, net of tax	−15	−27	—	—	—
Net loss	−30	−54	−37	−8	57
Basic (per share)	−0.82	−1.44	−0.89	−0.18	1.26
Continuing operations	−0.39	−0.72	—	−0.18	1.26
Discontinued operations	−0.43	−0.72	—	0	0
Diluted (per share)	−0.82	−1.44	−0.89	−0.18	1.21
Continuing operations	−0.39	−0.72	—	−0.18	1.21
Discontinued operations	−0.43	−0.72	—	0	0
Basic (shares)	36	38	41	45	45
Diluted (shares)	36	38	41	45	48

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	104	139	158	225	280
Accounts receivable, net	26	28	33	35	51
Inventories, net	34	31	33	40	39
Other receivables	3	4	4	8	26
Prepaid expenses	5	10	7	11	8
Hedge collateral (Note 10)	1	2	1	3	3
Other current assets (Note 1)	4	5	9	16	3
Total current assets	177	219	245	338	409
Property, Plant and Equipment, Net	100	81	100	111	108
Operating lease right-of-use assets	2	3	5	5	4
Intangible assets, net	454,000	507,000	2	2	2
Long-term prepaid expenses, net	584,000	165,000	6	11	8
Deferred income taxes (Note 17)	64	53	51	38	41
Other non-current assets	7	22	12	12	11
Total assets	352	379	420	517	584
Accounts payable	21	22	24	18	38
Other accounts payable	11	11	5	10	6
Accrued expenses	7	9	10	10	20
Accrued income taxes	81,000	56,000	1	3	12
Operating lease liabilities	1	1	2	1	2
Other current liabilities (Note 1)	3	4	3	5	7
Total current liabilities	43	46	47	47	85
Long-term borrowings	45	27	0	—	—
Accrued severance benefits, net	12	17	16	23	33
Non-current operating lease liabilities	690,000	2	3	4	2
Other non-current liabilities	3	10	10	14	10
Total liabilities	103	103	76	88	131
Commitments and contingencies	—	—	—	—	—
Common stock, $0.01 par value, 150,000,000 shares authorized, 58,027,696 shares issued and 36,219,100 outstanding at December 31, 2025 and 57,498,507 shares issued and 36,912,118 outstanding at December 31, 2024	579,000	574,000	569,000	564,000	559,000
Additional paid-in capital	282	279	273	266	241
Retained Earnings (Accumulated Deficit)	215	245	299	336	344
Treasury stock, 21,808,596 shares at December 31, 2025 and 20,586,389 shares atDecember 31, 2024, respectively	−230	−226	−213	−161	−130
Accumulated other comprehensive loss	−19	−22	−15	−13	−2
Total stockholders' equity	248	277	345	428	453
Total liabilities and stockholders' equity	352	379	420	517	584

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net loss	−30	−54	−37	−8	57
Depreciation and amortization	13	16	17	15	14
Provision for severance benefits	4	8	5	6	8
Loss (gain) on foreign currency, net	−847,000	33	3	20	32
Provision (reversal) for inventory reserves	3	−529,000	4	10	2
Stock-based compensation	2	6	7	6	8
Impairment charges	12	5	0	—	—
Deferred income taxes	−10	−7	−13	278,000	918,000
Others, net	325,000	799,000	757,000	664,000	−613,000
Accounts receivable, net	−3	3	2	10	8
Inventories	−6	−2	2	−13	−6
Other receivables	−210,000	−115,000	4	18	−22
Prepaid expenses	7	9	9	9	8
Other current assets	3	2	8	−13	4
Accounts payable	4	−2	7	−16	−11
Other accounts payable	−9	−14	−9	−9	−8
Accrued expenses	−3	−607,000	493,000	−7	5
Accrued income taxes	23,000	−1	−2	−8	−1,000
Deferred revenue	−494,000	−305,000	85,000	−1	−131,000
Other current liabilities	−345,000	−856,000	−109,000	−645,000	1
Other non-current liabilities	−185,000	−335,000	−238,000	749,000	−1
Contributions to severance insurance deposit accounts	4	−2	−5	−8	−6
Payment of severance benefits	−14	−2	−7	−6	−7
Others, net	−620,000	−139,000	−21,000	415,000	193,000
Net cash used in operating activities	−24	−6	−3	5	88
Proceeds from settlement of hedge collateral	4	627,000	6	15	5
Payment of hedge collateral	−3	−2	−4	−15	−3
Proceeds from disposal of plant, property and equipment	565,000	0	0	550,000	1
Purchase of property, plant and equipment	−30	−12	−7	−23	−32
Payment for intellectual property registration	−207,000	−316,000	−263,000	−390,000	−614,000
Collection of guarantee deposits	4	4	5	737,000	3
Payment of guarantee deposits	−355,000	−2	−7	−2	−5
Collection of short-term financial instruments	0	30	0	—	—
Purchase of short-term financial instruments	0	−30	0	—	—
Others, net	180,000	−37,000	0	737,000	−114,000
Net cash used in investing activities	−24	−12	−8	−25	−31
Proceeds from long-term borrowings	17	30	0	—	—
Acquisition of treasury stock	−4	−13	−52	−14	−2
Repayment of financing related to water treatment facility arrangement	−452,000	−472,000	−493,000	−500,000	−563,000
Repayment of principal portion of finance lease liabilities	−161,000	−139,000	−91,000	—	—
Net cash provided by financing activities	12	17	−52	−13	−36
Effect of exchange rates on cash and cash equivalents	2	−18	−4	−22	−21
Net decrease in cash and cash equivalents	−35	−19	−67	−54	−393,000
Cash paid for interest on long-term borrowings	1	966,000	0	—	2
Cash paid for income taxes, net	2	1	1	19	13
Property, plant and equipment additions in other accounts payable	2	369,000	42,000	190,000	747,000
Acquisition of treasury stock to satisfy the tax withholding obligations in connection with equity-based compensation	217,000	451,000	544,000	387,000	826,000

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