Foxconn Technology (2354) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for 2024 and 2023 were audited and present fairly in all material respects, in accordance with IFRS and local regulations.

• The group is primarily engaged in manufacturing, processing, and sales of cases, heat dissipation modules, and consumer electronics products.

Financial highlights

• Operating revenue for 2024 was NT$75.82 billion, up 1.7% year-over-year from NT$74.53 billion.

• Net profit attributable to owners was NT$3.58 billion, down from NT$4.26 billion in 2023.

• Basic and diluted EPS for 2024 were NT$2.53, compared to NT$3.01 and NT$3.00 in 2023.

• Cash and cash equivalents at year-end 2024 were NT$9.92 billion, a significant decrease from NT$47.25 billion at year-end 2023.

• Total assets increased to NT$166.87 billion from NT$134.09 billion year-over-year.

• Total equity attributable to owners was NT$110.55 billion, up from NT$105.29 billion.

Outlook and guidance

• The board approved a 2024 cash dividend of NT$1.4 per share, subject to shareholder approval.

• New accounting standards effective in 2025 and beyond are not expected to have a significant impact.