HTC (2498) Q2 2025 earnings summary

Executive summary

• Quarterly revenue reached NT$0.70 billion with a gross margin of 36.5%.

• Operating loss for the quarter was NT$0.84 billion, with an operating margin of -120.3%.

• Net loss attributable to owners was NT$0.72 billion, translating to an EPS of -NT$0.86.

• For H1 2025, revenue was NT$1,403 million, up 3% year-over-year, and net income was NT$3,339 million, mainly due to a one-time Google transaction gain.

• Expanded digital healthcare and launched immersive XR initiatives in the U.S., Paris, and Japan.

Financial highlights

• Q2 2025 revenue was NT$695 million, down 9% year-over-year.

• Gross margin for Q2 2025 was 36%, compared to 41% in Q2 2024.

• Operating loss improved to NT$0.8 billion from NT$1.2 billion year-over-year.

• Net income for H1 2025 was NT$3,339 million, a turnaround from a net loss of NT$1,719 million in the prior year.

• Cash and cash equivalents at June 30, 2025 were NT$12.4 billion, down from NT$14.2 billion at year-end 2024.

Key financial ratios and metrics

• Gross margin: 36.5% for the quarter, down from 41.0% year-over-year.

• Operating margin: -120.3% for the quarter, improved from -154.1% year-over-year.

• Basic EPS for H1 2025 was NT$4.00, compared to NT$(2.07) for the same period last year.

• Debt-to-equity ratio as of June 30, 2025 was 74%, down from 116% at year-end 2024.

• Total assets as of June 30, 2025: NT$39.0 billion, down from NT$47.7 billion a year earlier.