E-Lead Electronic (2497) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$3,338 million, nearly flat year-over-year, with net income of NT$183 million, down from NT$259 million in the prior year period.

• Gross margin remained stable at 26%, while operating margin was 7%, reflecting higher operating expenses and R&D investments.

• Basic EPS for the nine months was NT$1.49, compared to NT$2.11 in the same period last year.

Financial highlights

• Operating cash flow for the nine months was NT$550 million, a significant increase from NT$154 million in the prior year.

• Cash and cash equivalents at period end were NT$691 million, down from NT$764 million at the start of the year.

• Inventory decreased to NT$775 million from NT$960 million year-over-year, reflecting improved working capital management.

• Short-term borrowings increased to NT$752 million from NT$669 million year-over-year.

• Dividend payout for 2023 was NT$2 per share, up from NT$1 per share in 2022.

Outlook and guidance

• Management expects stable demand in core automotive electronics markets, with continued focus on R&D and product innovation.

• No material impact anticipated from newly adopted or revised accounting standards.