International Games System (3293) Q2 2025 earnings summary

Executive summary

• Paid-in capital of NTD 2,800 million and 1,190 employees, with 81% in R&D.

• Major business units include licensing games, app games, and arcade games.

• Net revenue for the first half of 2024 was NT$10,955.6 million, up 25% year-over-year from NT$8,752.5 million.

• Net income for the first half of 2024 reached NT$5,071.4 million, a 17.6% increase year-over-year.

• Earnings per share (EPS) for the first half of 2024 were NT$18.00 (basic) and NT$17.82 (diluted), compared to NT$15.30 and NT$15.21 in the prior year.

Financial highlights

• Total revenue for 2024 reached NTD 18.5 billion, up from NTD 14.2 billion in 2023.

• Net income for 2024 was NTD 9.06 billion, compared to NTD 6.43 billion in 2023.

• EPS after tax for 2024 was NT$32.14, up from NT$22.80 in 2023.

• Gross margin remained high at 97% in 2024, slightly down from 98% in 2023.

• Cash and cash equivalents as of June 30, 2024, were NT$4,846.6 million, up from NT$879.0 million a year earlier.

Outlook and guidance

• Online game licensing expected to maintain strong growth, with expansion into Europe and America.

• Online game app revenue declined slightly due to intense competition, but new launches and overseas expansion are planned.

• Arcade game revenue also declined slightly amid fierce competition and lower consumer spending.

• The company continues to evaluate the impact of new and revised IFRS standards, with no significant changes to accounting policies expected.