RAFAEL MICROELECTRONICS (6568) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was NT$1,065,491 thousand, up 7% year-over-year from NT$996,020 thousand in 2023.

• Net profit for 2024 reached NT$117,105 thousand, a significant increase from NT$41,782 thousand in 2023.

• Gross margin improved to 39% in 2024 from 34% in 2023.

• Earnings per share (EPS) rose to NT$3.85 (basic) and NT$3.80 (diluted) in 2024, compared to NT$1.38 and NT$1.37 in 2023.

Financial highlights

• Operating income increased to NT$1,065,491 thousand in 2024, up from NT$996,020 thousand in 2023.

• Operating profit rose to NT$100,866 thousand in 2024 from NT$19,369 thousand in 2023.

• Cash and cash equivalents at year-end 2024 were NT$378,812 thousand, down from NT$435,827 thousand at year-end 2023.

• Total assets grew to NT$1,665,941 thousand at December 31, 2024, from NT$1,593,666 thousand a year earlier.

• Dividend of NT$1.8 per share (NT$55,313 thousand total) was distributed in 2024; a further NT$1 per share (NT$31,012 thousand) was approved for 2025.

Outlook and guidance

• The company continues to focus on RFIC and integrated RF systems, with a strategy to maintain a balanced capital structure and support sustainable growth.

• No significant impact is expected from new or amended IFRS and IAS standards in the near term.