SynPower (6658) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 115 was NT$619.4 million, up 27% year-over-year from NT$486.5 million.

• Net income attributable to owners was NT$59.1 million, up from NT$13.7 million in Q1 114.

• Basic EPS for Q1 115 was NT$1.63, compared to NT$0.40 in Q1 114.

• The financial statements were reviewed by Deloitte, with no material misstatements found.

Financial highlights

• Gross margin remained stable at 24% year-over-year.

• Operating income rose to NT$71.8 million from NT$13.9 million year-over-year.

• Operating expenses decreased as a percentage of revenue, improving profitability.

• Cash and cash equivalents at quarter-end were NT$828.5 million, up from NT$797.6 million a year ago.

• Total assets increased to NT$3,325.1 million from NT$3,185.9 million year-over-year.

Outlook and guidance

• The company continues to invest in capacity expansion and R&D, supported by new bank credit lines.

• Management is monitoring IFRS changes and evaluating their impact on future reporting.