JG Environmental Technology Co (6723) H2 2025 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$1,030,884 thousand, up 53% year-over-year from NT$671,536 thousand.

• Net income for 2024 was NT$115,154 thousand, a significant increase from NT$23,931 thousand in 2023.

• Gross margin improved to 26% from 18% year-over-year.

• Basic EPS rose to NT$3.96 from NT$0.93 year-over-year.

Financial highlights

• Operating income for 2024 was NT$145,309 thousand, up from NT$27,381 thousand in 2023.

• Operating expenses increased to NT$123,711 thousand from NT$96,129 thousand year-over-year.

• Cash and cash equivalents at year-end were NT$185,002 thousand, up from NT$100,368 thousand.

• Total assets grew to NT$881,848 thousand from NT$750,485 thousand year-over-year.

• Total equity increased to NT$555,890 thousand from NT$366,546 thousand.

Outlook and guidance

• The board proposed a cash dividend of NT$2.50 per share for 2024, pending shareholder approval.

• The company continues to focus on pollution control equipment manufacturing and maintenance, with ongoing expansion in Taiwan, Japan, and China.