FIT Hon Teng (6088) Q1 2025 earnings summary

Executive summary

• Revenue grew 14% year-over-year in 1Q25, reaching $1,103M, while gross profit increased 10% to $215M.

• Net income declined 38% year-over-year to $6.2M, with basic EPS down 29% to $0.10.

• Unaudited consolidated financial results for the three months ended March 31, 2025, were released to comply with disclosure requirements in both Hong Kong and Taiwan.

• Results are based on management accounts and may be subject to adjustments after further review.

• The company continues to execute its long-term strategy amid ongoing systematic risks and challenging fundamentals.

Financial highlights

• Revenue and other operating revenue for Q1 2025 reached US$1,102.9 million, up from US$965.1 million in Q1 2024.

• Net profit from continuing operations was US$6.2 million, down from US$10.2 million year-over-year.

• Total comprehensive income attributable to owners was US$30.6 million, compared to a loss of US$46.9 million in Q1 2024.

• Opex increased 14% year-over-year, matching revenue growth.

• Cash and cash equivalents decreased by 5% year-over-year.

Outlook and guidance

• Full-year 2025 guidance by segment indicates mixed performance, with some segments expected to grow 5–15% year-over-year and others to decline up to 15% or more.

• The company forecasts continued execution of its strategy to sustain stable growth despite systematic risks.