APAC Opto Electronics (4908) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2024 was NT$213.7 million, up 15% year-over-year; net income for the quarter was NT$38.5 million, up 39% year-over-year.

• For the nine months ended September 2024, revenue was NT$631.8 million, down 5% year-over-year; net income was NT$108.3 million, down 22% year-over-year.

• Gross margin improved to 42% in Q3 2024 from 45% in Q3 2023; operating margin was 18% for Q3 2024.

Financial highlights

• Q3 2024 EPS was NT$0.49, up from NT$0.35 in Q3 2023; nine-month EPS was NT$1.39, down from NT$1.77 year-over-year.

• Cash and equivalents at September 30, 2024, were NT$112.6 million, down from NT$175.8 million at year-end 2023.

• Operating cash flow for the nine months was NT$162.3 million, down from NT$286.2 million year-over-year.

• Dividend payout for 2023 was NT$1.75 per share, lower than NT$2.4 per share for 2022.

Outlook and guidance

• Management expects no material impact from newly adopted or upcoming accounting standards.

• No significant seasonality or cyclicality is expected to affect operations.