Simplo Technology (6121) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2024 was NT$38,004.7 million, up 3.9% year-over-year; Q2 revenue was NT$19,627.9 million, up 3.3% from Q2 2023.

• Net income attributable to owners for H1 2024 was NT$2,477.2 million, up 4.3% year-over-year; Q2 net income was NT$1,044.9 million.

• Basic EPS for H1 2024 was NT$13.39, compared to NT$12.84 in H1 2023.

Financial highlights

• Gross margin for H1 2024 improved to 15% from 13% in H1 2023; Q2 gross margin remained at 14%.

• Operating income for H1 2024 was NT$3,302.2 million, up 26.5% year-over-year.

• Net cash from operating activities in H1 2024 was NT$4,712.6 million, up from NT$1,891.7 million in H1 2023.

• Cash and cash equivalents at June 30, 2024, were NT$24,292.3 million.

Outlook and guidance

• Management continues to monitor the impact of US tariffs and global market volatility on cash flow, growth rates, and profitability.

• Ongoing evaluation of new and revised IFRS standards for potential impact on future financials.