Sigurd Microelectronics (6257) Q4 2024 earnings summary

Executive summary

• 2024 parent-only revenue was NT$9,986,251 thousand and net income was NT$2,771,956 thousand; both increased from 2023.

• Total assets were NT$31,498,348 thousand at Dec. 31, 2024; the audited statements received an unmodified opinion.

Financial highlights

• Revenue reached NT$9,986,251 thousand vs. NT$8,471,038 thousand in 2023; operating costs were NT$7,091,005 thousand vs. NT$6,373,599 thousand.

• Gross profit was NT$2,895,246 thousand, or 29% of revenue, vs. NT$2,097,439 thousand, or 25%, in 2023.

• Operating income was NT$1,882,844 thousand vs. NT$1,242,629 thousand; pretax income was NT$3,211,519 thousand vs. NT$1,935,018 thousand.

• Net income was NT$2,771,956 thousand vs. NT$1,737,319 thousand; total comprehensive income was NT$2,839,728 thousand vs. NT$2,277,055 thousand.

• Operating cash flow was NT$5,064,154 thousand vs. NT$4,238,453 thousand; ending cash and equivalents rose to NT$7,121,072 thousand from NT$5,354,661 thousand.

Outlook and guidance

• The board approved a 2024 cash dividend of NT$1,209,781 thousand, or NT$2.5 per share, and proposed a NT$725,868 thousand cash distribution from capital surplus, or NT$1.5 per share.

• Contracted capital expenditures not yet incurred totaled NT$2,874,853 thousand at year-end, including NT$1,900,271 thousand for plant and NT$974,582 thousand for machinery and equipment.