Micro-Star International Company (2377) Q4 2024 earnings summary

Executive summary

• Consolidated financial statements for 2024 and 2023 were audited and present a fair view in accordance with IFRS and local regulations.

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

• Revenue is mainly derived from the computer and peripherals segment, with significant international operations and no single customer accounting for over 10% of sales.

Financial highlights

• Sales revenue for 2024 was NT$197.87 billion, up 8% year-over-year from NT$182.97 billion in 2023.

• Net income for 2024 was NT$6.79 billion, down 10% from NT$7.53 billion in 2023.

• Operating profit for 2024 was NT$7.12 billion, compared to NT$8.81 billion in 2023.

• Basic EPS for 2024 was NT$8.04, down from NT$8.92 in 2023.

• Cash and cash equivalents at year-end 2024 were NT$23.04 billion, down from NT$25.77 billion in 2023.

Outlook and guidance

• The Board resolved a 2024 cash dividend of NT$5.00 per share, subject to shareholder approval.

• Construction of a new factory in Guishan, Taoyuan, is planned with completion expected in 2028 and a total project cost of NT$3.56 billion.