Accton Technology (2345) Q2 2025 earnings summary

Executive summary

• Achieved strong revenue and profit growth for the six months ended June 30, 2025, with significant year-over-year increases in both top and bottom lines.

• Completed the disposal of Joy Technology (Shenzhen) Co., Ltd. and Accton Technology Co., Ltd. in April 2025, and acquired InLC Technology Inc. in December 2024, impacting segment structure and financials.

• Maintained robust liquidity and capital structure, with increased cash and cash equivalents and a healthy equity base.

Financial highlights

• Operating revenue for H1 2025 was NT$103,355 million, up 139% year-over-year; Q2 revenue was NT$60,605 million, up 148%.

• Net income for H1 2025 reached NT$10,139 million, up 110% year-over-year; Q2 net income was NT$5,017 million, up 94%.

• Basic EPS for H1 2025 was NT$18.18, compared to NT$8.64 in H1 2024.

• Gross margin for H1 2025 was 19%, slightly down from 21% in H1 2024.

• Cash and cash equivalents increased to NT$25,159 million as of June 30, 2025, from NT$13,507 million a year earlier.

Outlook and guidance

• Management continues to monitor global market conditions and expects ongoing demand for network communication equipment.

• Ongoing assessment of new IFRS standards and their impact on future financial reporting.