Inventec (2356) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 reached NT$646.26 billion, up 25.6% year-over-year, with net profit at NT$7.27 billion, a 19% increase from 2023.

• Gross margin remained stable at 5%, while operating income rose to NT$11.82 billion, up 58% year-over-year.

• Earnings per share increased to NT$2.03 (basic) and NT$2.02 (diluted) from NT$1.71 and NT$1.70, respectively.

Financial highlights

• Operating revenue: NT$646.26 billion in 2024 vs. NT$514.75 billion in 2023.

• Net profit: NT$7.27 billion in 2024 vs. NT$6.02 billion in 2023.

• Total assets: NT$335.94 billion at year-end 2024, up from NT$239.71 billion.

• Cash and cash equivalents: NT$30.93 billion at year-end 2024.

• Cash dividends distributed: NT$1.70 per share for 2024 earnings.

Outlook and guidance

• Adoption of new IFRS standards in 2025 and 2027 is not expected to significantly impact financials.

• Management continues to monitor climate-related risks and market uncertainties.