Innodisk (5289) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 was NT$2,618.7 million, up 20% year-over-year, with net income at NT$331.9 million, down 6% from Q1 2024.

• Gross margin improved to 31% from 35% in Q1 2024, while operating profit margin was 14%.

• The company operates in a single segment: industrial memory storage devices, with global sales distribution.

Financial highlights

• Q1 2025 revenue: NT$2,618.7 million (up from NT$2,176.0 million in Q1 2024).

• Net income: NT$331.9 million (down from NT$353.8 million in Q1 2024).

• Basic EPS: NT$3.68 (Q1 2024: NT$3.90); diluted EPS: NT$3.64 (Q1 2024: NT$3.82).

• Cash and cash equivalents at quarter-end: NT$2,866.2 million.

• Operating cash flow: NT$166.2 million (Q1 2024: NT$152.0 million).

Outlook and guidance

• The company expects adoption of new IFRS standards to have no significant impact on financial position or performance.

• Dividend policy targets at least 30% payout of current year earnings, with cash dividends not less than 10% of total dividends.