International Games System (3293) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 2024 was NT$5,359 million, up 28% year-over-year from NT$4,177 million in Q1 2023.

• Net income attributable to owners was NT$2,627 million, a 29% increase from NT$2,037 million year-over-year.

• Basic EPS for Q1 2024 was NT$9.32, compared to NT$7.23 in Q1 2023.

Financial highlights

• Gross margin remained high at 98% in Q1 2024, similar to 97% in Q1 2023.

• Operating income rose to NT$3,061 million, up from NT$2,218 million year-over-year.

• Total assets increased to NT$25,372 million as of March 31, 2024, from NT$18,808 million a year earlier.

• Cash and cash equivalents at quarter-end were NT$2,590 million, up from NT$883 million a year ago.

• Operating cash flow for Q1 2024 was NT$3,132 million, compared to NT$2,352 million in Q1 2023.

Outlook and guidance

• The board approved a cash dividend of NT$8,172 million for 2023, pending shareholder approval.

• No significant changes in accounting standards expected to impact financials in the near term.