Mega Union Technology (6944) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$11,557 million, up 60% year-over-year; net income reached NT$1,613 million, a 57% increase from the prior year period.

• Gross margin remained stable at 22%, and operating margin was 19% for the nine-month period.

• The company completed a successful IPO in May 2024 and expanded its capital base through a cash capital increase.

Financial highlights

• Q3 2024 revenue was NT$4,786 million, up 84% year-over-year; net income for Q3 was NT$683 million, up 106%.

• Basic EPS for the nine months was NT$22.26, up from NT$15.18 year-over-year; Q3 EPS was NT$8.95, up from NT$4.89.

• Cash and cash equivalents at September 30, 2024, were NT$4,903 million, more than double the prior year.

• Total assets increased to NT$13,628 million from NT$8,233 million a year ago.

• Operating cash flow for the nine months was NT$1,391 million, up from NT$1,040 million year-over-year.

Outlook and guidance

• Management expects the remaining contract value of NT$23,461 million as of September 30, 2024, to be recognized as revenue over the next one to two years.

• Most contracts are expected to be fulfilled within two years, supporting continued revenue growth.