UNIVERSAL MICROWAVE TECH (3491) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2024, was NT$1,617.7 million, down 6% year-over-year; Q3 revenue was NT$483.9 million, down 24% from Q3 2023.

• Net income for the nine months was NT$303.0 million, a 29% decrease year-over-year; Q3 net income was NT$88.3 million, down 33%.

• Gross margin for the nine months was 47%, down from 52% in the prior year period.

• The company completed the disposal of a subsidiary, reducing its stake in Zheng Tong Technology to 39.85%.

Financial highlights

• Operating income for the nine months was NT$344.4 million, down 25% year-over-year.

• Basic EPS for the nine months was NT$4.60, compared to NT$6.10 in the prior year; diluted EPS was NT$4.40, down from NT$5.95.

• Cash and cash equivalents at September 30, 2024, were NT$1,147 million, down from NT$1,953 million a year earlier.

• Total assets at September 30, 2024, were NT$4,091 million, down 13% from NT$4,723 million at September 30, 2023.

• Operating cash flow for the nine months was NT$399 million, down from NT$472 million year-over-year.

Outlook and guidance

• Management continues to monitor the impact of new IFRS standards and global economic conditions.

• The company is expanding its international presence with new subsidiaries in the US, Vietnam, and Thailand.

• Ongoing evaluation of capital expenditures and investment strategies to support long-term growth.