United Integrated Services (2404) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2024 reached NT$20.29 billion, up 76% year-over-year from NT$11.52 billion.

• Net income attributable to owners was NT$3.08 billion, a 55% increase from NT$1.99 billion year-over-year.

• EPS for Q1 2024 was NT$16.31, compared to NT$10.55 in Q1 2023.

• Operations span Taiwan, China, Singapore, and the US, with the US market contributing over half of Q1 2024 revenue.

Financial highlights

• Gross profit margin for Q1 2024 was 23%, consistent with Q1 2023.

• Operating profit for Q1 2024 was NT$3.97 billion, up 81% year-over-year.

• Cash and cash equivalents at March 31, 2024, were NT$30.25 billion, up from NT$15.45 billion a year earlier.

• Total assets increased to NT$85.44 billion from NT$59.39 billion year-over-year.

• Total liabilities rose to NT$70.80 billion from NT$47.76 billion year-over-year.

Outlook and guidance

• The company continues to expand in international markets, especially the US and China.

• No significant impact from ongoing litigation; operations and financials remain robust.