Lungteh Shipbuilding (6753) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 114 was NT$2,360 million, down slightly from NT$2,412 million year-over-year.

• Net income for the first half of 114 was NT$222.7 million, a significant decrease from NT$471.5 million year-over-year.

• Gross margin for the first half of 114 was 19%, compared to 31% in the same period last year.

• Earnings per share (EPS) for the first half of 114 was NT$1.97 (basic), down from NT$4.17 year-over-year.

Financial highlights

• Operating income for the first half of 114 was NT$383.8 million, down from NT$679.5 million year-over-year.

• Cash and cash equivalents as of June 30, 114 were NT$2,944 million, up from NT$2,468 million a year ago.

• Total assets as of June 30, 114 were NT$10,950 million, up from NT$9,798 million a year ago.

• Total liabilities as of June 30, 114 were NT$7,179 million, representing 66% of total assets.

• Shareholders’ equity as of June 30, 114 was NT$3,771 million, up from NT$3,455 million a year ago.

Outlook and guidance

• Outstanding contract value for incomplete customer contracts as of June 30, 114 was NT$8,752 million, with expected completion over the next 1 to 30 months.

• Management continues to assess the impact of new and revised IFRS standards, with disclosures to be updated upon completion of evaluation.