Silergy (6415) Q3 2024 earnings summary

Executive summary

• Net profit for the nine months ended September 30, 2024 was $1,335,478 thousand, up from $499,938 thousand year-over-year, with basic EPS of $3.63 versus $1.60 in 2023.

• Operating revenue for the nine months reached $13,346,679 thousand, a 20% increase from $11,143,731 thousand year-over-year.

• Gross profit margin improved to 53% for the nine months, compared to 43% in the prior year period.

• Total comprehensive income for the nine months was $2,545,464 thousand, up from $1,403,511 thousand year-over-year.

• The independent auditors' review found no material misstatements in the financial statements.

Financial highlights

• Operating income for the nine months was $1,343,834 thousand, reversing a loss of $525,535 thousand year-over-year.

• Net cash generated from operating activities was $1,445,408 thousand, down from $2,760,833 thousand year-over-year.

• Cash and cash equivalents at period end were $12,152,747 thousand, compared to $13,733,236 thousand a year earlier.

• Total assets as of September 30, 2024 were $38,477,312 thousand, up from $35,847,295 thousand at September 30, 2023.

• Basic and diluted EPS for the nine months were $3.63 and $3.52, respectively, compared to $1.60 and $1.55 year-over-year.

Outlook and guidance

• The company is assessing the impact of new IFRS standards effective in 2025 and 2026, including IFRS 18 and amendments to IAS 21, with no material impact expected so far.

• Management continues to review capital structure and risk management strategies to support growth and competitiveness.