Gold Circuit Electronics (2368) Q2 2025 earnings summary

Executive summary

• Consolidated revenue for Q2 2025 was NT$13.85 billion, up 45% year-over-year; first half 2025 revenue reached NT$25.92 billion, up 39% year-over-year.

• Net profit for Q2 2025 was NT$1.69 billion, up 11% year-over-year; first half net profit was NT$3.45 billion, up 26%.

• Gross margin for Q2 2025 was 30%, slightly down from 32% in Q2 2024.

• EPS for Q2 2025 was NT$3.48 (basic), NT$3.32 (diluted); first half EPS was NT$7.08 (basic), NT$6.85 (diluted).

Financial highlights

• Operating income for Q2 2025 was NT$2.87 billion, up 30% year-over-year.

• Operating expenses increased to NT$1.23 billion in Q2 2025, up 50% year-over-year.

• Net cash generated by operating activities in H1 2025 was NT$2.09 billion, up from NT$1.70 billion in H1 2024.

• Total assets as of June 30, 2025 were NT$51.91 billion, up 36% from June 2024.

• Total equity was NT$20.60 billion, up 13% year-over-year.

Outlook and guidance

• The company continues to assess the impact of new IFRS standards effective in 2026 and 2027.

• Management expects ongoing growth in sales and is monitoring foreign exchange and interest rate risks.