Holtek Semiconductor (6202) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was NT$760,939 thousand, up 72% year-over-year from NT$443,528 thousand in Q1 2024.

• Net income for Q1 2025 reached NT$93,724 thousand, reversing a net loss of NT$46,566 thousand in Q1 2024.

• Gross margin improved to 38% from 37% year-over-year.

• Basic and diluted EPS were NT$0.40, compared to a loss per share of NT$0.20 in Q1 2024.

Financial highlights

• Operating income for Q1 2025 was NT$15,431 thousand, compared to an operating loss of NT$60,660 thousand in Q1 2024.

• Significant reversal of expected credit impairment loss (NT$51,880 thousand) contributed to improved results.

• Cash and cash equivalents increased to NT$926,784 thousand as of March 31, 2025, from NT$769,034 thousand a year earlier.

• Total assets stood at NT$5,805,884 thousand, with equity attributable to shareholders at NT$3,718,806 thousand.

Outlook and guidance

• The company adopted new IFRS amendments in 2025 with no significant impact on financials.

• Management is evaluating the impact of IFRS 18, effective January 2027, on future reporting.