Micro-Star International Company (2377) Q2 2025 earnings summary

Executive summary

• Consolidated financial statements reviewed for the six months ended June 30, 2025 and 2024, with a qualified conclusion due to certain subsidiaries' statements not being reviewed by independent auditors.

• The group operates primarily in the manufacture and sale of motherboards and computer hardware, with global subsidiaries.

Financial highlights

• Sales revenue for H1 2025 was NT$114,856,981 thousand, up from NT$94,298,558 thousand year-over-year.

• Net income for H1 2025 was NT$2,419,947 thousand, down from NT$4,599,499 thousand year-over-year.

• Basic EPS for H1 2025 was NT$2.86, compared to NT$5.44 for H1 2024.

• Gross margin remained at 11% for H1 2025, unchanged from the prior year.

• Total assets as of June 30, 2025 were NT$120,727,917 thousand, up from NT$102,610,839 thousand a year earlier.

Outlook and guidance

• The group continues to focus on maintaining an optimal capital structure and may adjust dividends, issue new shares, or repurchase shares as needed.