Innodisk (5289) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2024 was NT$5,647 million, up 29% year-over-year; Q2 revenue was NT$3,028 million, up 38% from Q2 2023.

• Net income for H1 2024 was NT$505.7 million, down 22% year-over-year; Q2 net income was NT$173.8 million, down 41% from Q2 2023.

• Gross margin for H1 2024 was 28%, down from 35% in H1 2023.

• EPS for H1 2024 was NT$5.70 (basic), compared to NT$7.16 in H1 2023.

Financial highlights

• Operating income for H1 2024 was NT$720.8 million, up 1% year-over-year.

• Operating expenses increased to NT$865 million in H1 2024, up from NT$721 million in H1 2023.

• Cash and equivalents at June 30, 2024, were NT$2,068 million, down from NT$3,585 million a year earlier.

• Total assets at June 30, 2024, were NT$10,847 million; equity was NT$7,352 million.

• Dividend payout for 2023: NT$0.20 stock and NT$9.40 cash per share.

Outlook and guidance

• Management continues to focus on capital structure optimization and maintaining a stable dividend policy.

• No specific forward-looking revenue or profit guidance disclosed.