Xintec (3374) Q4 2024 earnings summary

Executive summary

• Net revenue for 4Q'24 was NT$1,808M, down 16.5% sequentially but up 1.5% year-over-year.

• Net income for 4Q'24 reached NT$457M, a decrease of 18.6% QoQ but an increase of 5.2% YoY.

• Full-year 2024 net revenue grew 10.5% YoY to NT$7,060M, with net income up 21.4% to NT$1,670M.

Financial highlights

• Gross margin for 4Q'24 was 34.5%, down from 39.8% in 3Q'24 and 39.2% in 4Q'23.

• EPS for 4Q'24 was NT$1.68, down 18.7% QoQ but up 5.0% YoY; full-year EPS was NT$6.15, up 21.4% YoY.

• Cash and marketable securities at year-end were NT$5,036M, up 35.4% YoY.

• Free cash flow for 2024 was NT$642M, down 37.4% YoY due to higher capital expenditure.

Outlook and guidance

• Forward-looking statements are subject to significant risks and uncertainties, with no obligation to update guidance.