Largan Precision (3008) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 reached NT$58.97 billion, up 24% year-over-year, with net income at NT$25.92 billion, a 45% increase from 2023.

• Gross margin improved to 52% from 48% in 2023, and operating income margin rose to 40% from 36% year-over-year.

• Earnings per share increased to NT$194.17 basic and NT$191.44 diluted, compared to NT$134.13 and NT$132.62 in 2023.

Financial highlights

• Operating income for 2024 was NT$23.31 billion, up 34% year-over-year.

• Cash and cash equivalents at year-end were NT$84.81 billion, down from NT$96.74 billion in 2023.

• Total assets increased to NT$214.97 billion, with equity at NT$183.52 billion, representing 85% of total assets.

• Cash dividends distributed in 2024 totaled NT$13.06 billion (NT$97.5 per share for the year).

Outlook and guidance

• Adoption of new IFRS standards is not expected to have a significant impact in 2025.

• Management continues to monitor climate-related risks and market volatility, especially in inventory valuation.