ITE Tech (3014) Q2 2025 earnings summary

Executive summary

• Consolidated financial statements cover the six-month periods ended June 30, 2025 and 2024, prepared in accordance with Taiwanese and international standards.

• The review report is qualified due to certain subsidiaries and associates not being reviewed by independent auditors, but their impact is immaterial to the consolidated results.

• The company operates primarily in integrated circuit design, with all products and results reported as a single segment.

Financial highlights

• Operating revenue for the six months ended June 30, 2025 was NT$3,645,619 thousand, up from NT$3,129,129 thousand year-over-year.

• Net income for the six months ended June 30, 2025 was NT$813,094 thousand, compared to NT$761,347 thousand for the same period in 2024.

• Basic earnings per share for the six months ended June 30, 2025 was NT$5.19, up from NT$4.96 year-over-year.

• Gross margin for the six months ended June 30, 2025 was 55.53%, compared to 55.31% for the same period in 2024.

• Cash and cash equivalents as of June 30, 2025 were NT$4,354,592 thousand, up from NT$4,086,891 thousand as of June 30, 2024.

Outlook and guidance

• The company continues to apply new and revised accounting standards, with no material impact expected from upcoming changes.

• Dividend policy remains stable, with cash dividends of NT$8.5 per share for 2024, up from NT$7.5 per share for 2023.