RAFAEL MICROELECTRONICS (6568) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was NT$269,723 thousand, up 10% year-over-year from NT$244,826 thousand.

• Net profit for Q1 2025 reached NT$38,863 thousand, a 42% increase compared to NT$27,464 thousand in Q1 2024.

• Gross margin improved to 44% from 42% year-over-year.

• Earnings per share (EPS) for Q1 2025 were NT$1.28 basic and NT$1.26 diluted, up from NT$0.90 in Q1 2024.

Financial highlights

• Operating income rose to NT$41,648 thousand, up from NT$23,695 thousand year-over-year.

• Cash and cash equivalents increased to NT$425,294 thousand as of March 31, 2025, from NT$181,443 thousand a year earlier.

• Total assets stood at NT$1,682,733 thousand, with equity at NT$1,448,415 thousand as of March 31, 2025.

• Operating expenses remained stable at 29% of revenue.

Outlook and guidance

• The company continues to focus on RFIC and integrated RF systems, with ongoing investments in R&D and employee incentives.

• Dividend policy remains growth-oriented, with a residual dividend approach and cash dividends not less than 10% of total bonuses.