Greatek Electronics (2441) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 reached $3,896,438 thousand, up 12% year-over-year from $3,479,721 thousand.

• Net income for Q1 2025 was $592,480 thousand, a 13% increase compared to $523,243 thousand in Q1 2024.

• Basic earnings per share rose to $1.04 from $0.92 year-over-year.

• Total comprehensive income for Q1 2025 was $560,712 thousand, down from $1,225,343 thousand in Q1 2024 due to a significant unrealized loss on equity investments.

Financial highlights

• Gross profit margin remained stable at 21% for Q1 2025.

• Operating income increased to $643,447 thousand, up from $537,934 thousand year-over-year.

• Cash and cash equivalents at March 31, 2025 were $7,065,347 thousand, up from $5,522,838 thousand a year earlier.

• Net cash provided by operating activities was $1,239,979 thousand for Q1 2025.

• Total assets grew to $27,039,246 thousand, with equity attributable to shareholders at $22,942,205 thousand.

Outlook and guidance

• The company is assessing the impact of new IFRS standards effective from 2026 and will disclose effects when available.

• Dividend policy maintains at least 30% of total dividends as cash, with 2024 cash dividend proposed at $3.0 per share.