Air Asia (2630) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 was NT$1,258,783 thousand, nearly flat compared to Q1 2024 (NT$1,260,477 thousand).

• Net profit for Q1 2025 was NT$30,061 thousand, down from NT$38,536 thousand in Q1 2024.

• Total comprehensive income for Q1 2025 was NT$32,456 thousand, compared to NT$49,289 thousand in Q1 2024.

Financial highlights

• Gross profit margin remained stable at 9% for both Q1 2025 and Q1 2024.

• Basic and diluted EPS for Q1 2025 were NT$0.14, down from NT$0.18 in Q1 2024.

• Cash and cash equivalents at March 31, 2025 were NT$157,136 thousand, compared to NT$220,069 thousand at March 31, 2024.

• Total assets as of March 31, 2025 were NT$6,519,897 thousand, up from NT$6,218,143 thousand at March 31, 2024.

• Total liabilities increased to NT$3,150,265 thousand from NT$2,847,872 thousand year-over-year.

Outlook and guidance

• Adoption of new IFRS standards is not expected to have a significant impact on future financial statements.

• The group is evaluating the impact of IFRS 18, effective January 1, 2027.