Compal Electronics (2324) Q3 2025 earnings summary

Executive summary

• 3Q25 net sales reached NT$187.1B, up 4% sequentially but down 23% year-over-year; net income to parent was NT$1.95B, up 304% sequentially but down 42% year-over-year.

• For 1-3Q25, net sales totaled NT$566.7B, a 17% decrease year-over-year; net income to parent was NT$4.62B, down 43% year-over-year.

• Consolidated financial statements for the nine months ended September 30, 2025 and 2024 were reviewed with a qualified conclusion due to certain non-significant subsidiaries not reviewed by independent auditors.

• The group operates globally in notebook PCs, monitors, LCD TVs, mobile phones, and related components.

Financial highlights

• 3Q25 gross profit was NT$10.61B (5.7% margin), flat sequentially and down 13% year-over-year.

• Operating profit for 3Q25 was NT$2.67B, up 2% sequentially but down 43% year-over-year.

• 3Q25 EPS was NT$0.45, up from NT$0.11 in 2Q25 but down from NT$0.77 in 3Q24.

• For the nine months, gross margin was 5.6%, up from 5.0% year-over-year; operating margin was 2.6%, up from 2.0%; net margin was 0.8%, down from 1.2%.

• Cash and cash equivalents at September 30, 2025 were NT$73.4B, up from NT$60.1B a year earlier.

Outlook and guidance

• Management highlighted forward-looking statements regarding growth, operations, and capital expenditures, cautioning about risks and uncertainties.

• The group is evaluating the impact of new IFRS standards, including IFRS 18, which will affect presentation and disclosure from 2028.

• No significant impact expected from other new standards not yet endorsed.