King Slide Works Co (2059) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2024 reached NT$3,954 million, up 104% year-over-year; net income was NT$2,511 million, up 81%.

• Gross margin improved to 76% from 62% year-over-year, with operating margin at 69%.

• Earnings per share (EPS) for Q1 2024 was NT$26.35 basic and NT$25.93 diluted, compared to NT$14.55 and NT$14.43 last year.

• Cash and cash equivalents at quarter-end were NT$19,929 million, up from NT$14,124 million a year ago.

Financial highlights

• Operating income for Q1 2024 was NT$2,723 million, up 169% year-over-year.

• Pre-tax profit reached NT$3,135 million, up 81% year-over-year.

• Net profit margin was 64% in Q1 2024, compared to 71% in Q1 2023.

• Total assets increased to NT$29,387 million from NT$22,193 million year-over-year.

• Cash flow from operations was NT$2,545 million, up from NT$1,049 million year-over-year.

Outlook and guidance

• Management continues to monitor IFRS changes and expects no material impact from new standards in the near term.

• Ongoing evaluation of future IFRS amendments for potential effects on financials.