WT Microelectronics (3036 TT) (“WT”) held its online investor conference today to present its financial results for the fourth quarter of 2024 and provide business outlook. Unaudited consolidated revenue for the fourth quarter of 2024 was approximately NT$261.9bn (US$8.1bn), remaining flat quarter-on-quarter and increased 38% year-on-year. Consolidated operating profit was approximately NT$4,216mn (US$130.5mn), representing a 1% increase quarter-on-quarter and a 120% increase year-on-year. Consolidated net profit after tax attributable to owners of the parent was approximately NT$2,536mn (US$78.5mn), declined 11% quarter-on-quarter but increased 143% year-on-year. Earnings per share was approximately NT$2.27 based on the weighted average outstanding shares.

The company’s revenue and net profit reached a record high in 2024. Unaudited cumulative consolidated revenue for the fiscal year of 2024 was approximately NT$959.4bn (US$29.9bn), reflecting a 61% year-on-year increase. Consolidated operating profit was approximately NT$15.26bn (US$475.7mn), up 86% year-on-year. Consolidated net profit after tax attributable to owners of the parent was approximately NT$9.11bn (US$284mn), an increase of 127% year-on-year. Earnings per share after deducting dividends for preferred shares was approximately NT$8.13 based on the weighted average outstanding shares.

For the outlook of the first quarter of 2025, based on the exchange rate assumption of 1 US dollar to 32.6 NT dollars, the mid-point guidance for consolidated revenue is approximately NT$228bn (US$6.99bn), up 18% year-on-year. The mid-point guidance for consolidated operating profit is approximately NT$4,340mn (US$133.1mn), up 66% year-on-year. The mid-point guidance for consolidated net profit after tax attributable to owners of the parent is approximately NT$2,570mn (US$78.8mn), up 62% year-on-year, and the mid-point guidance for EPS is approximately NT$2.3.

The acquisition of Future Electronics in 2024 marks a significant milestone in the company’s transformation into a world-class enterprise. Moving forward, WT will continue to implement a long-term integration strategy, leveraging the highly complementary business models of both organizations to further enhance our leading position in the global market. By utilizing each other’s strengths and expertise, we will provide comprehensive, end-to-end services to deliver greater value to our customers and suppliers globally.