Arcadyan Technology (3596) Q1 2025 earnings summary

Executive summary

• Net revenue for 1Q25 reached NTD 12,703 million, up 5% sequentially and 1% year-over-year, with gross profit margin stable at 15%.

• Net income for 1Q25 was NTD 679 million, representing a 9% sequential increase and 10% year-over-year growth, with EPS rising to NTD 3.08 from NTD 2.82.

• Total assets as of March 31, 2025, were TWD 42,892,432 thousand, with equity attributable to owners at TWD 14,954,679 thousand.

Financial highlights

• Gross profit margin remained stable at 15.4% in 1Q25, matching 4Q24 and up from 14.8% in 1Q24.

• Operating profit increased to NTD 859 million, up 14% sequentially and 13% year-over-year.

• Pre-tax profit rose to NTD 899 million, up 8% sequentially and 10% year-over-year.

• Cash and cash equivalents stood at NTD 8,528 million as of March 31, 2025.

• Net cash from operating activities was TWD 1,248,584 thousand, down from TWD 3,673,878 thousand in Q1 2024.

Key financial ratios and metrics

• Book value per share was NTD 67.87 as of March 31, 2025, compared to NTD 72.32 at year-end 2024.

• Dividend payout ratio for 2024 was 78%, with a dividend of NTD 8.36 per share.

• Net margin improved to 5.3% from 4.9% year-over-year.

• Current ratio as of March 31, 2025: 1.27.

• Debt-to-equity ratio: 1.85.