Giga-Byte Technology (2376) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025, reached NT$247.6 billion, up 24% year-over-year, with net income of NT$10.0 billion, a 31% increase from the prior year period.

• Gross margin remained stable at 10%, while operating profit improved to NT$13.0 billion, up from NT$10.3 billion year-over-year.

• Earnings per share for the nine months were NT$13.77 basic and NT$13.00 diluted, compared to NT$10.72 and NT$10.38, respectively, in the prior year.

Financial highlights

• Cash and cash equivalents increased to NT$42.8 billion as of September 30, 2025, from NT$32.5 billion a year earlier.

• Short-term borrowings rose to NT$29.9 billion, up from NT$12.1 billion at September 30, 2024.

• Total assets reached NT$145.8 billion, with total equity at NT$57.2 billion.

• Operating expenses as a percentage of revenue remained at 5% for the nine-month period.

Outlook and guidance

• The Board resolved to issue up to USD 500 million in new convertible bonds and approved a property purchase of NT$1.4 billion after the reporting period.