Eurocharm (5288) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 was NT$1,892,248 thousand, up 6.6% year-over-year from NT$1,775,154 thousand.

• Net income for Q1 2025 was NT$258,687 thousand, nearly flat compared to NT$259,267 thousand in Q1 2024.

• Gross profit increased to NT$434,539 thousand, up from NT$384,558 thousand year-over-year.

• Earnings per share (EPS) for Q1 2025 were NT$3.78 basic and NT$3.71 diluted, compared to NT$3.91 and NT$3.77 in Q1 2024.

• The company operates a single segment focused on manufacturing and sales of motorcycle, auto equipment parts, and medical equipment.

Financial highlights

• Operating income for Q1 2025 was NT$294,813 thousand, up from NT$267,446 thousand year-over-year.

• Gross margin improved to 23.0% in Q1 2025 from 21.7% in Q1 2024.

• Interest income rose to NT$15,831 thousand from NT$4,041 thousand year-over-year.

• Cash and cash equivalents at March 31, 2025 were NT$972,593 thousand, up from NT$701,082 thousand a year earlier.

• Total assets as of March 31, 2025 were NT$7,611,407 thousand, up from NT$7,089,206 thousand at March 31, 2024.

Outlook and guidance

• The company distributed a cash dividend of NT$8.69 per share for 2024, up from NT$7.74 per share for 2023.

• Dividend policy targets at least 20% of after-tax profits as dividends, with at least 50% of that in cash.

• No significant subsequent events or changes in business outlook were reported after March 31, 2025.