Giga-Byte Technology (2376) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 2024 was NT$65.75 billion, up 19% year-over-year from NT$55.16 billion in Q1 2023.

• Net income attributable to parent company owners reached NT$3.12 billion, a 54% increase year-over-year.

• Basic EPS was NT$4.65, up from NT$3.18 in the prior year period.

• Gross margin was 13%, slightly higher than 12% in Q1 2023.

• Operating profit rose to NT$4.24 billion, up from NT$3.08 billion year-over-year.

Financial highlights

• Operating expenses increased to NT$3.98 billion, reflecting higher R&D and selling costs.

• Cash and cash equivalents at quarter-end were NT$42.63 billion, up from NT$17.39 billion a year ago.

• Inventory rose to NT$58.53 billion, compared to NT$50.50 billion in Q1 2023.

• Short-term borrowings surged to NT$21.33 billion from NT$10.68 billion year-over-year.

• Total assets reached NT$150.06 billion, up from NT$110.86 billion in Q1 2023.

Outlook and guidance

• Management expects no material impact from newly adopted or upcoming IFRS standards.

• No significant changes in business segment structure or reporting anticipated.