Browave (3163) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$1,602,746 thousand, up from NT$1,464,670 thousand year-over-year, reflecting strong sales in optical communication modules.

• Net income for the same period was NT$267,113 thousand, a decrease from NT$316,585 thousand year-over-year, mainly due to higher costs and lower gross margin.

• Gross margin improved to 18% for the nine-month period, compared to 14% year-over-year.

Financial highlights

• Q3 2024 revenue was NT$540,351 thousand, up 18% from NT$456,423 thousand in Q3 2023.

• Q3 2024 net income was NT$223,913 thousand, significantly higher than NT$21,751 thousand in Q3 2023.

• Basic EPS for Q3 2024 was NT$2.78, compared to NT$0.27 in Q3 2023.

• Cash and cash equivalents at September 30, 2024, were NT$576,451 thousand, down from NT$954,759 thousand at year-end 2023.

• Operating cash flow for the nine months was NT$17,640 thousand, compared to an outflow of NT$112,857 thousand year-over-year.

Capital allocation and financing

• Cash dividends of NT$241,622 thousand were distributed in 2024, following NT$289,947 thousand in 2023.

• No new equity issued; share capital remained at NT$805,407 thousand.

• Short-term loans and lease liabilities were repaid, with lease liabilities at NT$171,394 thousand as of September 30, 2024.