Sunrex Technology (2387) Q2 2025 earnings summary

Executive summary

• Revenue for 114 Q2 was NT$4,672 million, down 22.6% year-over-year; first half revenue was NT$9,374 million, down 15.2% year-over-year.

• Net income attributable to parent for 114 Q2 was NT$8.5 million (EPS NT$0.04), a sharp decline from NT$366 million (EPS NT$1.89) in 113 Q2.

• First half net income attributable to parent was NT$227 million (EPS NT$1.17), down from NT$594 million (EPS NT$3.07) in the prior year.

Financial highlights

• Gross margin for 114 Q2 was 15.4%, up from 17.7% in 113 Q2; first half gross margin was 14.8%, down from 15.8% year-over-year.

• Operating profit for 114 Q2 was NT$315 million, down 48.2% year-over-year; first half operating profit was NT$558 million, down 36.1% year-over-year.

• Cash and cash equivalents at June 30, 114 were NT$3,960 million, down from NT$5,346 million at year-end.

• Total assets at June 30, 114 were NT$18,205 million, down from NT$21,961 million at year-end.

• Dividend payout for 113 was NT$4.00 per share, up from NT$3.00 per share for 112.

Outlook and guidance

• Management expects continued pressure on revenue and margins due to weak demand and currency volatility.

• No specific quantitative guidance provided for the remainder of the year.