International Games System (3293) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$16,339.6 million, up 21.5% year-over-year from NT$13,450.7 million.

• Net income for the same period reached NT$7,863.2 million, a 21.2% increase year-over-year.

• Earnings per share (EPS) for the nine months were NT$27.90 basic and NT$27.55 diluted, compared to NT$23.02 and NT$22.81, respectively, in the prior year.

Financial highlights

• Gross margin remained strong at 98% for the nine-month period, consistent with the prior year.

• Operating income for the nine months was NT$9,688.3 million, up 29.8% year-over-year.

• Cash and cash equivalents at September 30, 2024, were NT$1,262.3 million, down from NT$2,842.8 million at year-end 2023.

• Total assets as of September 30, 2024, were NT$20,720.9 million, with equity representing 78% of total assets.

• Operating cash flow for the nine months was NT$6,839.7 million, up from NT$5,995.4 million year-over-year.

Outlook and guidance

• The company continues to invest in R&D and new product innovation, with R&D expenses up 14% year-over-year.

• Dividend policy remains stable, with NT$29 per share cash dividend distributed for 2023 earnings.