Pegatron (4938) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 reached NT$272.43 billion, up 8.8% year-over-year but down 16.7% sequentially due to seasonality.

• Net income attributable to owners was NT$4.3 billion, a 32.1% increase year-over-year and 15.1% higher sequentially.

• EPS for Q1 2025 was NT$1.62, up from NT$1.22 in Q1 2024, a 32.8% year-over-year and 15.7% sequential increase.

• Gross margin was 3.7%, slightly down from 4.2% in Q1 2024, while operating margin remained stable at 2.8%.

• Comprehensive income attributable to owners reached NT$6.53 billion.

Financial highlights

• Gross profit for Q1 2025 was NT$10.2 billion, up 9.4% year-over-year but down 16.8% sequentially.

• Operating income was NT$2.5 billion, down 17.9% year-over-year and 14.4% sequentially.

• Net non-operating income surged 93.2% year-over-year, supporting net income growth.

• Cash and cash equivalents at quarter-end were NT$118.55 billion.

• Total assets were NT$650.21 billion, with total equity at NT$236.12 billion.

Outlook and guidance

• Revenue expected to remain influenced by seasonality and product mix, with Computing and Communication segments showing resilience.

• The company adopted new IFRS amendments in 2025 with no significant impact and is evaluating future standards, including IFRS 18, effective 2027.