Largan Precision (3008) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2024 was NT$11.67 billion, up 6.3% year-over-year; first half revenue reached NT$26.25 billion, up 17.7% year-over-year.

• Net income for Q2 2024 was NT$1.06 billion, down 44.9% year-over-year; first half net income was NT$7.48 billion, down 29.5% year-over-year.

• Gross margin for Q2 2024 improved to 54% from 48% in Q2 2023.

• Significant foreign exchange losses impacted profitability, with NT$4.22 billion loss in Q2 2024.

Financial highlights

• Operating income for Q2 2024 was NT$4.88 billion, up 25.5% year-over-year; first half operating income was NT$10.97 billion, up 39.1%.

• Basic EPS for Q2 2024 was NT$7.73, down from NT$33.70 in Q2 2023; first half EPS was NT$56.01, down from NT$79.49.

• Cash and cash equivalents at June 30, 2024 were NT$110.36 billion.

• Total assets at June 30, 2024 were NT$211.46 billion; equity attributable to owners was NT$177.67 billion.

Outlook and guidance

• The board approved a cash dividend of NT$28 per share for the first half of 2024.

• Management continues to monitor the impact of new accounting standards and market conditions.