Giga-Byte Technology (2376) Q4 2025 earnings summary

Executive summary

• Consolidated revenue for the year ended Dec 31, 2024, was NT$336.94 billion, up 27% year-over-year from NT$265.15 billion.

• Net income attributable to parent company shareholders was NT$12.19 billion, a 24% increase from NT$9.79 billion in the prior year.

• Gross margin was 10%, slightly down from 11% year-over-year, while operating margin improved to 5% from 5%.

• Basic EPS rose to NT$18.20 from NT$15.03, and diluted EPS to NT$17.18 from NT$14.46.

Financial highlights

• Operating income increased to NT$16.77 billion, up from NT$12.78 billion year-over-year.

• Cash and cash equivalents at year-end were NT$40.32 billion, up from NT$21.50 billion.

• Total assets grew to NT$156.13 billion from NT$111.29 billion, and total equity rose to NT$61.20 billion from NT$55.08 billion.

• Short-term borrowings surged to NT$24.45 billion from NT$2.00 billion.

• Dividend payout for the prior year was NT$10.00 per share.

Outlook and guidance

• The board approved a proposal for a new capital increase of up to 50 million shares for overseas depositary receipts.

• Plans to issue a fifth overseas convertible bond with a cap of USD 500 million, with the fundraising period extended due to market volatility.