CHT Security (7765) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$516.2 million, up 3.4% year-over-year from NT$499.1 million.

• Net income for Q1 2024 was NT$123.4 million, a slight decrease from NT$127.6 million in Q1 2023.

• Earnings per share (EPS) for Q1 2024 was NT$3.37, compared to NT$3.55 in Q1 2023.

• The company remains majority-owned by its parent, holding 63.44% as of March 31, 2024.

Financial highlights

• Gross margin for Q1 2024 was 48%, nearly flat year-over-year.

• Operating income for Q1 2024 was NT$151.5 million, down from NT$158.2 million in Q1 2023.

• Operating expenses increased to NT$95.3 million, up from NT$87.2 million year-over-year.

• Cash and cash equivalents at quarter-end were NT$674.3 million, up from NT$639.3 million a year ago.

• Total assets as of March 31, 2024 were NT$1,691.8 million.

Outlook and guidance

• The company expects no material impact from new or revised IFRS standards effective in 2025 and 2026.

• The 2023 earnings distribution proposal includes a cash dividend of NT$9.39 per share, pending shareholder approval.