Simplo Technology (6121) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached NT$18,376,744 thousand, up 4.5% year-over-year, with net profit at NT$1,807,123 thousand, a 42.6% increase from Q1 2024.

• Gross margin improved to 16% from 13% year-over-year, and EPS rose to NT$7.74 from NT$5.72.

• Cash and cash equivalents increased to NT$25,326,406 thousand as of March 31, 2025.

• The group operates as a single segment focused on battery manufacturing and related products.

Financial highlights

• Operating income for Q1 2025 was NT$1,735,982 thousand, up 42.6% year-over-year.

• Net profit attributable to owners was NT$1,432,298 thousand, with total comprehensive income at NT$2,169,521 thousand.

• Total assets stood at NT$77,341,272 thousand, and total equity at NT$43,493,798 thousand as of March 31, 2025.

• Cash dividends of NT$2,108,664 thousand were declared for the second half of 2024.

• Operating cash flow for Q1 2025 was NT$548,187 thousand, with investing cash inflow of NT$2,255,550 thousand.

Outlook and guidance

• Management continues to monitor the impact of U.S. reciprocal tariffs on key assumptions and profitability.

• No specific forward-looking financial guidance was provided.