Silergy (6415) Q4 2024 earnings summary

Executive summary

• Revenue grew 20% year-over-year to NT$18.45 billion, with net profit up sharply to NT$2.12 billion from NT$637 million in 2023.

• Gross margin improved to 54% from 43% year-over-year, reflecting better cost control and product mix.

• Earnings per share rose to NT$5.95 (basic) and NT$5.79 (diluted), compared to NT$1.96 and NT$1.89 in 2023.

• Cash and cash equivalents increased to NT$16.2 billion, supporting a strong liquidity position.

• Board proposed a cash dividend of NT$2.4 per share for 2024.

Financial highlights

• Operating income rebounded to NT$2.27 billion from a loss of NT$486 million in 2023.

• Net profit margin rose to 12% from 4% year-over-year.

• Total assets increased to NT$40.5 billion, with equity attributable to owners at NT$35.2 billion.

• Operating cash flow was NT$2.54 billion, down from NT$3.87 billion in 2023.

• Inventory write-downs were NT$19.98 million, significantly lower than NT$999 million in 2023.

Outlook and guidance

• Board approved a NT$2.4 per share cash dividend for 2024, pending shareholder approval.

• Management continues to assess the impact of new IFRS standards effective in 2025 and 2026.