Nextronics Engineering (8147) Q4 2024 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$880,160 thousand, up 17% year-over-year, with net income of NT$75,907 thousand, down 10% from the prior year.

• Gross margin remained stable at 26%, while operating margin was flat due to increased operating expenses.

• The company continued to expand its overseas operations, notably establishing a new subsidiary in Thailand.

Financial highlights

• Operating income was NT$95 thousand, compared to NT$160 thousand last year.

• Basic EPS was NT$2.03, and diluted EPS was NT$1.81, both lower than the previous year.

• Cash and cash equivalents at year-end were NT$271,723 thousand.

• Total assets increased to NT$2,119,983 thousand, and total equity rose to NT$1,333,964 thousand.

• Dividend of NT$2.00 per share proposed for the year.

Outlook and guidance

• The company aims to maintain a reasonable debt-to-capital ratio and continue investing in overseas expansion.

• No significant impact expected from new or revised accounting standards.