Largan Precision (3008) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$14,579 million, up 29% year-over-year from NT$11,313 million in Q1 2023.

• Net income attributable to owners was NT$6,443 million, a 5% increase year-over-year.

• Gross margin improved to 55% from 49% in the prior year period.

• Operating income rose to NT$6,086 million, up 54% year-over-year.

• Basic EPS for Q1 2024 was NT$48.28, compared to NT$45.79 in Q1 2023.

Financial highlights

• Operating expenses increased to NT$1,878 million, up from NT$1,602 million year-over-year.

• Interest income for the quarter was NT$1,137 million, slightly up from NT$1,097 million last year.

• Cash and cash equivalents at quarter-end were NT$121,892 million, up from NT$114,674 million a year ago.

• Total assets reached NT$225,012 million, with equity attributable to owners at NT$181,882 million.

Outlook and guidance

• The company is evaluating the impact of new and upcoming IFRS standards, with no material effect expected in the near term.

• No significant seasonality or cyclicality is expected to affect operations.