Lungteh Shipbuilding (6753) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$3,544.8 million, up 4% year-over-year from NT$3,408.7 million.

• Net income for the same period was NT$424.1 million, down 25% from NT$564.4 million year-over-year.

• Gross margin for the nine months was 20%, compared to 27% in the prior year period.

• Basic EPS for the nine months was NT$3.74, compared to NT$5.21 year-over-year.

Financial highlights

• Q3 2024 revenue was NT$1,184.7 million, up 19% from NT$996.3 million in Q3 2023.

• Q3 2024 net income was NT$201.3 million, up 117% from NT$93.0 million in Q3 2023.

• Operating income for the nine months was NT$588.3 million, down 25% from NT$782.4 million year-over-year.

• Cash and equivalents at September 30, 2024, were NT$2,532.6 million, down from NT$3,192.7 million a year earlier.

• Total assets at September 30, 2024, were NT$10,518.2 million.

Outlook and guidance

• Backlog of unfulfilled contract value as of September 30, 2024, was NT$7,635.1 million, with expected completion over the next 1 to 35 months.

• Management continues to assess the impact of new and revised IFRS standards on future financials.