Sunrex Technology (2387) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$14.53 billion, down 18.2% year-over-year from NT$17.77 billion.

• Net income for the same period was NT$494.53 million, a sharp decline from NT$1.01 billion year-over-year.

• Gross margin for the nine months was 15%, consistent with the prior year.

• The group continues to focus on notebook keyboard and related component manufacturing and sales.

Financial highlights

• Operating income for the nine months was NT$901.79 million, down from NT$1.59 billion year-over-year.

• Basic EPS for the nine months was NT$2.56, compared to NT$5.24 year-over-year.

• Cash and cash equivalents at September 30, 2024, were NT$4.05 billion, down from NT$5.35 billion at year-end 2023.

• Total assets at September 30, 2024, were NT$19.66 billion, down from NT$21.96 billion at year-end 2023.

• Short-term borrowings decreased to NT$2.25 billion from NT$2.98 billion at year-end 2023.

Outlook and guidance

• Management expects continued pressure on revenue and profitability due to market and currency volatility.

• No specific quantitative guidance was provided for the upcoming quarters.