Getac (3005) Q2 2024 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2024 reached NT$17.36 billion, up 3% year-over-year from NT$16.78 billion.

• Net income attributable to owners for the six months was NT$2.26 billion, up from NT$2.02 billion in the prior year period.

• Total assets as of June 30, 2024 were NT$41.7 billion, a 12% increase from June 30, 2023.

Financial highlights

• Gross profit for the first half of 2024 was NT$5.48 billion, up from NT$4.44 billion year-over-year.

• Operating profit for the six months was NT$2.55 billion, compared to NT$1.70 billion in the same period last year.

• Basic EPS for the six months ended June 30, 2024 was NT$3.70, up from NT$2.95 year-over-year.

• Cash and cash equivalents at June 30, 2024 were NT$11.25 billion, up from NT$9.17 billion a year earlier.

Capital allocation and financing

• NT$3.06 billion in cash dividends were paid during the first half of 2024.

• Net cash from operating activities was NT$2.02 billion for the six months ended June 30, 2024.

• Net cash used in investing activities was NT$1.15 billion, mainly due to property, plant, and equipment acquisitions.

• Net cash used in financing activities was NT$2.60 billion, reflecting dividend payments and debt repayments.