WPG (TWSE:3702) Reports 2025 Second Quarter Revenue, Operating Income, Net Income Exceeded Forecast, Net Income Increased by 15.1% QoQ and 34% YoY to NT$2.186 Billion, with EPS of NT$1.05
2025/08/12
WPG, the distributor of semiconductor components, announces 2025 second quarter revenue, operating income, net income all exceeded forecast. Revenue of NT$250.452 billion hit the second highest single-quarter record, operating income increasing by 14.5% QoQ and 32.7% YoY to NT$4.906 billion. Net income grew by 15.1% QoQ and 34% YoY to NT$2.186 billion, with an EPS of NT$1.05. For the first half of the year, revenue, operating income, and net income grew by 28.1%, 32.3%, and 14.1% respectively, reaching NT$499.286 billion, NT$9.19 billion, and NT$4.084 billion, with an EPS of NT$2.18.
2025 Second Quarter key financial indicators Return on Equity (ROE) was 11.6%, Return on Working Capital (ROWC) was 11.4%.
The above revenue growth benefited from rapid development of generative AI, demand has increased for traditional and AI-related electronic components such as servers, power supplies, PCs, and notebooks, resulting in strong shipments.
For 2025 third quarter, based on an exchange rate assumption of NT$29.5 to the U.S. dollar, WPG forecasts consolidated revenue of NT$245 billion to NT$265 billion, gross margin of 3.7% to 3.9%, operating margin of 1.91% to 2.09%, net income of NT$2.486 billion to NT$3.022 billion, EPS of NT$1.48 to NT$1.80.
Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended June 30, 2025 (In brief)
Units：NT$million
Income Statement (year ended June 30, 2025) | Balance Sheet (June 30, 2025) | |||
Item | Amount | Item | Amount | |
Operating revenues | 499,286 | Current Assets | 329,943 | |
Cost of Goods Sold | (480,473) | Accounts receivables | 158,594 | |
Gross Profit | 18,813 | Inventories | 132,448 | |
Operating Expenses | (9,623) | Other assets | 42,265 | |
Operating income | 9,190 | Total Assets | 372,208 | |
Non-op Expenses | (3,483) | Current Liabilities | 267,285 | |
Profit Before Tax | 5,707 | Current Borrowing | 124,070 | |
Tax | (1,450) | Accounts payables | 119,110 | |
Minority & Others | (173) | LT Liabilities | 31,978 | |
Profit After tax | 4,084 | Total Liabilities | 302,754 | |
EPS - Common Stock (Note1) | 2.18 | Common Stock | 16,791 | |
Note1：Based on weighted average outstanding shares. | Total Equity | 69,453 | ||
Cash Flow Statement (year ended June 30, 2025) | |
Item | Amount |
Income before Income Tax | 5,707 |
Change in NWC | 12,522 |
Operating cash inflow /(outflow) | 18,398 |
Investment cash inflow /(outflow) | (742) |
Change in Financial Debt | (8,575) |
Financing cash inflow /(outflow) | (8,762) |
Cumulative translation adjustments | (10,550) |
Net Cash | (1,656) |
Beginning cash balance | 22,688 |
Ending cash balance | 21,032 |
IR contacts：Cliff Yuan/ Zoe Peng
Tel：886-2-2191-0068 ext.85268/ext.85262
Email address: ir@WPGholdings.com
Corporate website: www.WPGholdings.com