International Games System (3293) Q3 2024 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$13,450,650 thousand, up 29.5% year-over-year from NT$10,385,364 thousand.

• Net income for the same period reached NT$6,485,841 thousand, a 33.7% increase year-over-year.

• Basic EPS for the nine months was NT$23.02, compared to NT$17.22 in the prior year period.

• The audit review found no material misstatements in the financial statements.

Financial highlights

• Gross margin remained strong at 96% for the nine-month period, consistent with the prior year.

• Operating income for the nine months was NT$7,463,481 thousand, up 36.7% year-over-year.

• Cash and cash equivalents at September 30, 2024, were NT$783,847 thousand, down from NT$1,614,085 thousand a year earlier.

• Total assets increased to NT$17,884,223 thousand from NT$13,830,831 thousand year-over-year.

• Dividend payout for 2023 was NT$4,931,527 thousand in cash and NT$1,409,008 thousand in stock.

Outlook and guidance

• The company continues to invest in R&D and new product innovation to support sustainable growth.

• No interim dividend was declared for the first half of 2024.