Greatek Electronics (2441) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2025, reached NT$12,468 million, up 10% year-over-year, with net income at NT$1,811 million, down 6% from the prior year.

• Gross margin declined to 20% from 23% year-over-year, reflecting higher operating costs.

• Earnings per share for the nine months were NT$3.18 basic and NT$3.16 diluted, compared to NT$3.37 and NT$3.34, respectively, in the prior year.

Financial highlights

• Operating income for the nine months was NT$2,036 million, a 5% decrease year-over-year.

• Total comprehensive income attributable to shareholders was NT$2,289 million, up 22% year-over-year, driven by NT$477 million in unrealized gains on equity investments.

• Cash and cash equivalents at period end were NT$5,510 million, down from NT$6,615 million at year-end 2024.

• Total assets stood at NT$26,722 million, with equity representing 86% of total assets.

Outlook and guidance

• Management continues to assess the impact of new IFRS standards effective in 2026 and 2027, with IFRS 18 adoption planned for 2028.

• The company maintains a capital-intensive strategy, prioritizing long-term development and balanced dividend policy.