Holtek Semiconductor (6202) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for the years ended December 31, 2024 and 2023 were audited and present fairly in all material respects in accordance with IFRS and local regulations.

• The group operates mainly in the research, development, production, and sales of integrated circuits, with a single industry segment focus.

Financial highlights

• Revenue for 2024 was NT$2,501,630 thousand, down 4% year-over-year from NT$2,596,067 thousand.

• Net loss attributable to shareholders was NT$149,555 thousand in 2024, compared to net income of NT$111,741 thousand in 2023.

• Gross margin decreased to 38% in 2024 from 42% in 2023.

• Basic and diluted EPS were both NT$(0.66) in 2024, compared to NT$0.49 in 2023.

• Cash and cash equivalents at year-end 2024 were NT$903,004 thousand, up from NT$831,410 thousand at year-end 2023.

Outlook and guidance

• The group adopted new IFRS amendments in 2024 with no significant impact and is evaluating the effect of IFRS 18, effective January 1, 2027.