Innodisk (5289) Q2 2025 earnings summary

Executive summary

• Operating revenue for Q2 2025 was NT$3,028 million, up 38% year-over-year; H1 2025 revenue reached NT$5,647 million, up 29% year-over-year.

• Net income for Q2 2025 was NT$174 million, down 41% year-over-year; H1 2025 net income was NT$506 million, down 22% year-over-year.

• Gross margin for H1 2025 was 28%, down from 35% in H1 2024.

• Earnings per share for H1 2025 were NT$5.70 (basic), compared to NT$7.16 in H1 2024.

Financial highlights

• Cash and cash equivalents at June 30, 2025 were NT$2,068 million, down from NT$3,585 million a year earlier.

• Total assets at June 30, 2025 were NT$10,847 million; total equity was NT$7,352 million.

• Operating profit for H1 2025 was NT$721 million, up 1% year-over-year.

• Net cash from operating activities in H1 2025 was NT$689 million, up from NT$240 million in H1 2024.

• Inventory increased to NT$2,692 million at June 30, 2025, up 82% year-over-year.

Outlook and guidance

• The company continues to focus on industrial embedded storage devices and expects ongoing demand in core markets.

• No specific forward-looking financial guidance was provided.