ASIA CEMENT (1102) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 was NT$16.59 billion, nearly flat year-over-year, with a slight increase in gross profit margin to 14% from 11% last year.

• Net income attributable to owners was NT$1.36 billion, down from NT$2.95 billion in Q1 2024, with EPS at NT$0.41 versus NT$0.89 last year.

• Total comprehensive income dropped to NT$4.31 billion from NT$9.79 billion year-over-year.

Financial highlights

• Gross profit rose to NT$2.37 billion, up 35% year-over-year, as cost of goods sold declined.

• Operating income increased to NT$1.60 billion from NT$1.02 billion year-over-year.

• Non-operating income fell sharply to NT$164 million from NT$2.61 billion last year.

• Cash and cash equivalents at quarter-end were NT$16.35 billion, up from NT$13.26 billion at year-end 2024 but down from NT$32.74 billion a year ago.

• Net cash from operating activities was NT$2.77 billion, down from NT$3.47 billion year-over-year.

Outlook and guidance

• Management expects continued volatility in market conditions and is monitoring regulatory and macroeconomic risks.

• New IFRS standards will be adopted in 2026, with ongoing assessment of their impact.