AIROHA TECHNOLOGY (6526) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 2025 reached NT$5,223 million, up 37% year-over-year and 8.1% sequentially from Q4 2024.

• Net income attributable to owners was NT$730.2 million, a 78% increase year-over-year and 21.8% higher than Q4 2024.

• Earnings per share (EPS) rose to NT$4.36, up 77.2% year-over-year and 16.0% quarter-over-quarter.

• Gross margin for Q1 2025 was 52%, slightly down from 53% in Q1 2024.

Financial highlights

• Operating income for Q1 2025 was NT$737 million, up 66.7% year-over-year and 27.3% quarter-over-quarter.

• Operating expenses increased 25% year-over-year but decreased 2.7% sequentially.

• Cash and cash equivalents at quarter-end were NT$12,597 million, up from NT$10,333 million a year ago.

• Total assets reached NT$27,770.2 million, a 32% increase year-over-year.

• Dividend per share for 2024 was NT$12.5, up from NT$5 in 2023.

Key financial ratios and metrics

• Gross margin for Q1 2025 was 51.7%, down 0.9 percentage points year-over-year and 2.0 points sequentially.

• Operating margin rose to 14.1%, up 2.1 percentage points year-over-year and 2.5 points sequentially.

• Net margin improved to 14% in Q1 2025 vs. 11% in Q1 2024.

• Return on equity (annualized) was approximately 17% for Q1 2025.