BizLink (3665) Q4 2024 earnings summary

Executive summary

• Achieved NT$14.41B in Q4 2024 sales, with net profit of NT$1.55B–NT$1.56B and record EPS of NT$8.28, supported by strong growth in AI DataCom, HPC (up 48%), energy (up 63%), and capital equipment (up 44%).

• Maintained sequential sales growth for the fourth consecutive quarter, reaching all-time high total sales and favorable product mix.

• Strategic cost controls, tax efficiency improvements, and nearly complete ECB conversion contributed to sustainable profitability.

• Major growth drivers include High-Performance Computing and Capital Equipment, with a multi-year growth outlook.

Financial highlights

• Gross margin reached 28.78% and operating margin 13.80% in Q4 2024, with gross profit at NT$4.15B.

• Operating profit rose 130% year-over-year to NT$1.99B, with OpEx-to-sales ratio below 15% for the 12th straight quarter.

• Non-operating income was positive, driven by FX gains and tax efficiency.

• Net profit margin was 10.76% in Q4 2024.

Outlook and guidance

• Management expects continued strength in HPC and Capital Equipment through 2025 and into 2026.

• Factory Automation and European markets show early signs of recovery, with Factory Automation identified as a future growth driver.

• Healthcare and energy segments are expected to see robust growth, while automotive remains conservative and is shifting toward autonomous driving.