Sercomm (5388) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025 was NT$38.3 billion, down from NT$43.4 billion year-over-year, reflecting a decline in fixed mobile convergence products sales.

• Net income for the nine months was NT$939 million, compared to NT$1.77 billion in the prior year period.

• Gross margin for the nine months was 16%, slightly up from 18% in the prior year.

• The audit opinion was qualified due to certain subsidiaries and equity-method investments not being reviewed by independent auditors, representing 12.5% of total assets as of September 30, 2025.

Financial highlights

• Operating revenue for Q3 2025 was NT$14.7 billion, up from NT$13.5 billion in Q3 2024.

• Gross profit for Q3 2025 was NT$2.1 billion (14% margin), compared to NT$2.4 billion (18%) in Q3 2024.

• Operating profit for Q3 2025 was NT$701 million, down from NT$990 million in Q3 2024.

• Basic EPS for the nine months was NT$3.15, down from NT$6.02 year-over-year.

• Cash and cash equivalents at September 30, 2025 were NT$9.5 billion.

Outlook and guidance

• Management continues to monitor market conditions and adjust capital structure to support business and maximize shareholder value.

• No specific forward-looking guidance was provided.