Phoenix Pioneer technology (6920) H2 2025 earnings summary

Executive summary

• Revenue for the year ended December 31, 2024, was NT$1,455,040 thousand, up 21% year-over-year from NT$1,201,400 thousand.

• Net loss for 2024 was NT$464,110 thousand, a slight improvement from a net loss of NT$485,789 thousand in 2023.

• Gross margin remained negative, with a gross loss of NT$225,072 thousand (15% of revenue), compared to a gross loss of NT$381,059 thousand (32% of revenue) last year.

• The company operates in the IC precision carrier board R&D and manufacturing sector.

Financial highlights

• Operating loss for 2024 was NT$397,970 thousand, compared to NT$526,568 thousand in 2023.

• Basic and diluted loss per share for 2024 was NT$2.34, compared to NT$2.92 in 2023.

• Cash and cash equivalents increased to NT$660,747 thousand at year-end, up from NT$173,843 thousand.

• Total assets decreased to NT$3,072,617 thousand from NT$3,367,730 thousand.

• Total liabilities decreased to NT$1,490,702 thousand from NT$1,974,710 thousand.

Outlook and guidance

• The company completed a capital reduction to offset losses and a cash capital increase to strengthen its financial structure.

• Plans for a private placement of up to 50 million new shares were approved but later canceled.