Arcadyan Technology (3596) Q4 2024 earnings summary

Executive summary

• Net revenue for 4Q24 was NTD 12,087 million, down 1% sequentially and 14% year-over-year.

• Full-year 2024 net revenue reached NTD 48,967 million, a 4% decrease from 2023.

• Net income for 4Q24 was NTD 621 million, down 5% both sequentially and year-over-year.

• Full-year 2024 net income was NTD 2,486.429 million, up from 2,420.569 million in 2023.

• Consolidated financial statements audited and present fairly the financial position and performance for 2024 and 2023 in accordance with IFRS as endorsed in Taiwan.

Financial highlights

• 4Q24 gross profit was NTD 1,857 million (15.4% margin), down 1% sequentially and 11% year-over-year.

• Full-year 2024 gross margin remained stable at 15%.

• Operating profit for 4Q24 was NTD 755 million, down 11% sequentially and 21% year-over-year.

• Full-year 2024 EPS was NTD 11.28, up from NTD 10.98 in 2023.

• Book value per share as of Dec 31, 2024 was NTD 72.32.

Outlook and guidance

• Forward-looking statements indicate expectations are subject to risks and uncertainties, with no specific quantitative guidance provided.

• The group adopted new IFRS amendments in 2024 with no significant impact and is evaluating future standards, including IFRS 18 effective 2027.

• Dividend policy remains stable, with a cash dividend of TWD 6.5 per share approved for 2024.