Giga-Byte Technology (2376) Q1 2025 earnings summary

Executive summary

• Operating revenue for Q1 2025 was NT$65.75 billion, up 19% year-over-year from NT$55.16 billion in Q1 2024.

• Net profit attributable to owners for Q1 2025 was NT$3.12 billion, a 54% increase from NT$2.02 billion in Q1 2024.

• Basic EPS for Q1 2025 was NT$4.65, compared to NT$3.18 in Q1 2024.

• Gross margin improved to 13% from 12% year-over-year.

Financial highlights

• Gross profit for Q1 2025 was NT$8.48 billion, up from NT$6.23 billion in Q1 2024.

• Operating profit rose to NT$4.24 billion from NT$3.08 billion year-over-year.

• Total assets as of March 31, 2025 were NT$150.06 billion, up from NT$110.86 billion a year earlier.

• Cash and cash equivalents increased to NT$42.63 billion from NT$17.39 billion year-over-year.

• Short-term borrowings rose to NT$21.33 billion from NT$10.68 billion year-over-year.

Outlook and guidance

• Management expects continued growth in global brand business and ongoing investment in R&D and capacity expansion.

• No significant impact anticipated from new accounting standards or regulatory changes.