Nextronics Engineering (8147) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$364.5 million, up 23% year-over-year, with net income of NT$28.2 million, a 14% increase from Q1 2023.

• Gross margin improved to 38% from 39% year-over-year, while operating margin rose to 8.4% from 6.7% in the prior year.

• The company completed the acquisition of a 69.77% stake in Rui Pu Technology, strengthening its electronic components business.

Financial highlights

• Operating income for Q1 2024 was NT$30.4 million, up from NT$19.9 million in Q1 2023.

• Basic EPS was NT$0.70, compared to NT$0.72 in Q1 2023; diluted EPS was NT$0.68, up from NT$0.63.

• Cash and cash equivalents at quarter-end were NT$635.5 million, up from NT$507.6 million a year ago.

• Total assets increased to NT$2,167.9 million from NT$1,588.6 million year-over-year.

• Total liabilities rose to NT$762.6 million, with a debt-to-asset ratio of 35.2%.

Outlook and guidance

• Management aims to maintain a stable debt-to-capital ratio and continue investing in capacity and product development.

• Dividend of NT$2.00 per share for FY2023 was proposed, totaling NT$81.1 million.