Hotung Investment Holdings (BLS) H1 2025 earnings summary

Executive summary

• 1H 2025 swung to a NT$201.6m net loss from NT$13.9m net income YoY, mainly on FVTPL investment losses and US dollar depreciation against the New Taiwan dollar.

• Total comprehensive loss was NT$458.5m, including NT$256.9m of foreign-operation translation losses.

Financial highlights

• Revenue was negative NT$127.1m versus NT$91.4m a year earlier; operating loss was NT$194.0m versus operating profit of NT$27.2m.

• FVTPL investments recorded net losses of NT$133.1m versus gains of NT$32.1m; FX losses were NT$41.2m versus gains of NT$11.5m.

• Net cash used in operating activities was NT$172.0m; cash and cash equivalents fell to NT$1,414.7m from NT$1,877.2m at 31 Dec 2024.

• Total assets were NT$5,796.2m and total equity NT$5,503.2m at 30 June 2025, versus NT$6,622.4m and NT$6,232.8m at year-end 2024.

Outlook and guidance

• Portfolio focus remains on semiconductors, AI applications, precision manufacturing and software, viewed as sectors with mid- and long-term structural growth and strategic relevance.

• Plans call for incremental diversification across regions and sectors and expanded investment-team expertise to manage uncertainty and pursue opportunities.