Powerchip Semiconductor Manufacturing (6770) Q1 2025 earnings summary

Executive summary

• Report covers consolidated financials for the three months ended March 31, 2025 and 2024, reviewed by independent auditors with no material misstatements found.

• Company operates in semiconductor manufacturing, with shares listed on TWSE and GDRs on Luxembourg Stock Exchange.

Financial highlights

• Operating revenue was NT$11,116,476 thousand, up 2.7% year-over-year from NT$10,820,046 thousand.

• Gross loss of NT$536,058 thousand, compared to gross profit of NT$1,665,865 thousand in Q1 2024.

• Net loss widened to NT$1,097,047 thousand (NT$0.26 loss per share) from NT$439,236 thousand (NT$0.11 loss per share) year-over-year.

• Operating expenses increased to NT$2,092,437 thousand from NT$1,770,364 thousand year-over-year.

• Cash and cash equivalents at period end were NT$23,227,532 thousand, up from NT$18,355,000 thousand at year-end 2024.

Outlook and guidance

• Company is assessing the impact of new IFRS standards effective from 2026 and will disclose impacts when assessment is complete.