Unimicron Technology (3037) Q4 2024 earnings summary

Executive summary

• Full-year 2024 net sales reached NT$115.4B, up 11% YoY, driven by growth in Asia and Taiwan.

• Net income attributable to owners dropped to NT$5.08B, down 55–58% YoY; EPS (basic) was NT$3.34, down from NT$7.88 in 2023.

• Q4 2024 net sales were NT$29,381M, down 7% sequentially; Q4 net income dropped 93% QoQ to NT$72M.

• Board proposed a cash dividend of NT$1.50 per share for 2024, pending shareholder approval.

• Audit opinion was unqualified, with inventory valuation as a key audit matter.

Financial highlights

• 2024 gross margin was 14%, down from 20% in 2023; Q4 2024 gross margin was 11.6%.

• 2024 EBITDA was NT$25,235M (22% of sales), down from NT$31,267M (30%) in 2023.

• Operating profit for 2024 was NT$5.12B, a 43% decrease from 2023.

• Q4 2024 EPS (basic) was NT$0.04, down from NT$0.66 in Q3 2024.

• Cash and cash equivalents at end of 2024: NT$43.8B, down from NT$52.9B YoY.

Outlook and guidance

• Board proposed a 2024 cash dividend of NT$1.50 per share, subject to shareholder approval.

• Forward-looking statements highlight risks and uncertainties that may cause actual results to differ materially.

• No formal forward-looking financial guidance provided.