UNIVERSAL MICROWAVE TECH (3491) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 was NT$620,099 thousand, up 43% year-over-year from NT$433,618 thousand in Q1 2023.

• Net income attributable to owners was NT$142,921 thousand, a significant increase from NT$77,559 thousand year-over-year.

• Basic EPS for Q1 2024 was NT$2.22, compared to NT$1.23 in Q1 2023.

Financial highlights

• Gross margin improved to 51% in Q1 2024 from 45% in Q1 2023.

• Operating income rose to NT$166,726 thousand, up from NT$76,669 thousand year-over-year.

• Operating expenses increased to NT$146,832 thousand, reflecting higher R&D and selling costs.

• Cash and cash equivalents at quarter-end were NT$1,435,782 thousand, up from NT$860,055 thousand a year ago.

• Total assets reached NT$4,443,377 thousand, up from NT$3,586,589 thousand year-over-year.

Outlook and guidance

• The company continues to evaluate the impact of new IFRS standards effective in 2026 and 2027.

• Management is monitoring global trade and tariff risks in its accounting estimates.