CO-TECH Development (8358) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$1,727,943 thousand, up 14.8% year-over-year from NT$1,505,415 thousand.

• Net income for Q1 2024 reached NT$264,983 thousand, a 24.7% increase from NT$212,519 thousand in Q1 2023.

• Basic and diluted EPS for Q1 2024 were both NT$1.05, compared to NT$0.84 in Q1 2023.

Financial highlights

• Gross margin remained stable at 21% for both Q1 2024 and Q1 2023.

• Operating income for Q1 2024 was NT$305,701 thousand, up from NT$257,749 thousand year-over-year.

• Cash and cash equivalents at March 31, 2024, were NT$697,226 thousand, down from NT$1,990,235 thousand at year-end 2023.

• Total assets as of March 31, 2024, were NT$8,033,369 thousand.

• Total equity as of March 31, 2024, was NT$6,795,847 thousand, representing 85% of total assets.

Outlook and guidance

• The company continues to monitor the impact of new and revised IFRS standards, with no significant changes to accounting policies expected.

• Management is evaluating the impact of upcoming IFRS 9, IFRS 7, and IFRS 18 changes effective in 2026 and 2027.