UNIVERSAL MICROWAVE TECH (3491) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2024 was NT$1,133.8 million, up 4.8% year-over-year, but Q2 revenue declined 20.7% compared to Q2 2023.

• Net income for the first half of 2024 was NT$214.7 million, down 24% year-over-year.

• Gross margin for H1 2024 was 47%, compared to 51% in H1 2023.

• Basic EPS for H1 2024 was NT$3.27, down from NT$4.03 in H1 2023.

Financial highlights

• Operating income for H1 2024 was NT$260.3 million, down 7.3% year-over-year.

• Operating expenses increased to NT$275.9 million in H1 2024 from NT$280.8 million in H1 2023.

• Cash and cash equivalents at June 30, 2024, were NT$1,310.6 million, up from NT$987.8 million a year earlier.

• Net cash from operating activities in H1 2024 was NT$431.0 million, up from NT$149.1 million in H1 2023.

• Total assets at June 30, 2024, were NT$4,098.4 million.

Outlook and guidance

• Management continues to monitor the impact of global trade policies and currency fluctuations on future cash flows and profitability.

• The company is evaluating the impact of new IFRS standards effective in 2026 and 2027.