CHT Security (7765) Q4 2024 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$1,973,659 thousand, up 16% year-over-year from NT$1,696,459 thousand.

• Net income increased to NT$379,186 thousand, a 41% rise from NT$269,509 thousand in the prior year.

• Gross margin improved to 44% from 39% year-over-year.

• Earnings per share (EPS) rose to NT$10.47 (basic) and NT$10.24 (diluted), compared to NT$7.80 and NT$7.57, respectively.

Financial highlights

• Operating income grew 35% to NT$464,853 thousand from NT$343,374 thousand year-over-year.

• Operating expenses increased to NT$400,702 thousand, up from NT$316,606 thousand.

• Cash and cash equivalents at year-end were NT$639,772 thousand, up from NT$575,555 thousand.

• Total assets reached NT$1,691,780 thousand, a 24% increase from NT$1,368,876 thousand.

• Dividend per share for the year is proposed at NT$9.39, pending shareholder approval.

Outlook and guidance

• The company expects continued growth in information security services, supported by ongoing digital transformation and regulatory requirements.

• No material impact is anticipated from newly issued or revised IFRS standards.