Eclat Textile (1476) Q3 2024 earnings summary

Executive summary

• Reported strong financial results for Q3 and the nine months ended September 30, 2024, with significant year-over-year growth in revenue and profit.

• Maintained robust liquidity and a solid equity position, supporting ongoing expansion and dividend distributions.

• Operations were not materially influenced by seasonality or periodicity during the period.

• Vertically integrated production and global partnerships drive performance and sportswear business.

Financial highlights

• Q3 2024 operating revenue was NTD 10,031.7 million, up 25.8% year-over-year; nine-month revenue was NTD 27,257.6 million, up 22.8%.

• Q3 2024 net profit was NTD 1,775.2 million, up 13.9%; nine-month net profit was NTD 4,934.0 million, up 31%.

• Q3 2024 gross profit was NTD 2,058.9 million, up 41.7% year-over-year.

• Earnings per share for Q1–Q3 2024 was NTD 17.98, up from NTD 13.77 year-over-year.

• Cash and cash equivalents at period end were NTD 3,578.1 million, up from NTD 2,813.7 million a year earlier.

Segment performance

• For Jan–Sep 2024, Garments generated NTD 17,049.4 million and Fabrics NTD 10,208.2 million in revenue.

• Segment profit: Garments NTD 3,594.9 million, Fabrics NTD 2,844.2 million.

• Fabric segment contributed 38% and garment segment 62% of sales revenue for Jan–Sep 2024.

• Both fabric and garment revenues showed year-over-year growth in Q3 2024.