TECO Electric & Machinery (1504) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 2025 was NT$13.62 billion, down 0.8% year-over-year, with net profit at NT$1.20 billion, a 6.5% decrease from Q1 2024.

• Earnings per share were NT$0.54, slightly lower than NT$0.55 in Q1 2024.

• The period saw significant M&A activity, including the acquisition of EVK Company and Shen Chang Electric Co., Ltd.

Financial highlights

• Gross margin was 24%, consistent with the prior year.

• Operating profit was NT$1.18 billion, down from NT$1.63 billion year-over-year.

• Total assets as of March 31, 2025, were NT$128.1 billion, with equity at NT$78.7 billion.

• Cash and cash equivalents increased to NT$27.27 billion from NT$25.13 billion a year earlier.

• Net cash from operating activities was NT$99.7 million, down from NT$695 million in Q1 2024.

Outlook and guidance

• Management expects stable growth, supported by recent acquisitions and ongoing capital expenditures.

• No significant changes in dividend policy; cash dividends of NT$2.2 per share were declared.