Taiwan Union Technology (6274) Q2 2025 earnings summary

Executive summary

• Net revenue for 2Q25 reached NT$6,780 million, up 6.4% sequentially and 18.9% year-over-year.

• Net income for 2Q25 was NT$652 million, a 3.0% decrease sequentially and a 6.0% decline year-over-year.

• Revenue for the six months ended June 30, 2025 was NT$13,152.6 million, up 30% year-over-year, with net profit at NT$1,323.7 million, a 16% increase from the prior year.

• EPS for 2Q25 was NT$2.36, down from NT$2.43 in 1Q25 and NT$2.55 in 2Q24.

• Total comprehensive income was significantly impacted by foreign currency translation losses, reducing it to NT$226.4 million for the six months.

Financial highlights

• Gross margin for 2Q25 was 21.2%, down from 24.1% in 1Q25 and 23.9% in 2Q24.

• Operating margin was 12.6% in 2Q25 and 13% for the six months.

• Net profit margin was 9.6% in 2Q25 and 10% for the six months.

• Free cash flow improved to NT$484 million in 2Q25 from NT$126 million in 1Q25 and negative NT$98 million in 2Q24.

• Cash and cash equivalents at period end were NT$4,096.0 million, down from NT$6,280.0 million at year-end.

Segment performance

• HSD-L (High-Speed Data - Low Loss) technology accounted for 47% of CCL revenue in 2Q25, maintaining a stable share.

• HSD-NL (High-Speed Data - Non Low Loss) technology contributed 53% of CCL revenue in 2Q25.

• Domestic segment revenue was NT$5,853.0 million with segment profit of NT$343.8 million.

• Overseas segment revenue was NT$7,299.6 million with segment profit of NT$1,444.2 million.

• No inter-segment sales were reported.