Uni-President Enterprises (1216) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 2025 was NT$169.3 billion, up 6.6% year-over-year, with net income attributable to owners at NT$5.16 billion and basic EPS of NT$0.91, down from NT$0.97 in Q1 2024.

• Total comprehensive income for the period was NT$10.8 billion, with NT$7.04 billion attributable to owners and NT$3.77 billion to non-controlling interests.

• The group maintained a strong cash position with NT$100.9 billion in cash and equivalents at quarter-end.

Financial highlights

• Operating revenue increased to NT$169.3 billion from NT$158.8 billion year-over-year.

• Operating profit rose to NT$10.0 billion, up from NT$8.7 billion year-over-year.

• Net income attributable to owners was NT$5.16 billion, down from NT$5.53 billion year-over-year.

• Gross margin remained stable at 33%.

• Basic and diluted EPS were NT$0.91 and NT$0.90, respectively, compared to NT$0.97 in Q1 2024.

Outlook and guidance

• The board proposed a cash dividend of NT$3 per share for 2024 earnings, matching the prior year.

• The group is assessing the impact of new Pillar Two global minimum tax rules, with no material quantitative impact yet estimable.