Zinwell Corporation (2485) Q3 2025 earnings summary

Executive summary

• Report covers consolidated financials for the nine months ended September 30, 2024 and 2023, with auditor review and compliance with IFRS standards.

• Main business includes digital cable and satellite transmission systems, with operations in Taiwan, China, and other regions.

Financial highlights

• Revenue for Jan–Sep 2024 was NT$1,675 million, down from NT$2,232 million year-over-year.

• Net loss attributable to parent for Jan–Sep 2024 was NT$421 million, compared to NT$481 million loss year-over-year.

• Basic and diluted loss per share for Jan–Sep 2024 was NT$1.33, compared to NT$1.51 loss per share year-over-year.

• Gross margin for Jan–Sep 2024 was negative, with gross loss of NT$30.6 million.

• Cash and cash equivalents at Sep 30, 2024 were NT$1,332 million, down from NT$2,082 million a year earlier.

Outlook and guidance

• No dividends declared for 2023 and 2024 due to continued losses.

• Management continues to focus on capital preservation and risk management amid challenging market conditions.