Msscorps (6830) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2024 was NT$544.8 million, up 7% year-over-year; first half revenue reached NT$1,009.5 million, up 7% year-over-year.

• Q2 2024 net loss was NT$14.7 million, compared to net income of NT$40.7 million in Q2 2023; first half net loss was NT$63.5 million, compared to net income of NT$31.2 million in the prior year.

• Gross margin for Q2 2024 was 26%, down from 31% in Q2 2023; first half gross margin was 20%, down from 28% year-over-year.

• Significant foreign exchange losses and increased operating expenses contributed to the net loss.

Financial highlights

• Operating income for Q2 2024 was NT$43.3 million, down from NT$71.5 million in Q2 2023; first half operating income was NT$4.6 million, down from NT$89.4 million year-over-year.

• Q2 2024 EPS was -NT$0.28; first half EPS was -NT$1.23, compared to NT$0.87 and NT$0.67, respectively, in the prior year.

• Cash and cash equivalents at June 30, 2024 were NT$878.5 million, down from NT$1,181.2 million at year-end 2023.

• Total assets at June 30, 2024 were NT$5,801.2 million; total liabilities were NT$2,899.0 million; equity was NT$2,902.2 million.

Outlook and guidance

• Management continues to monitor the impact of US tariffs and foreign exchange volatility on cash flows and profitability.

• Ongoing evaluation of new and revised IFRS standards for future financial reporting.