WPG (TWSE:3702) Attend Online Investor Conference Held by KGI SECURITIES Today

2025/08/19

WPG 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.

Semiconductor Component Smart Warehousing Business, LaaS Ltd. (LaaS) delivered outstanding results in the first half of 2025. With Gross Merchandise Value (GMV) surging 39.9% to US$15.742 billion, service revenue and net income recorded a year-over-year growth of 55.3% to US$48 million, achieving a penetration rate of 4.3%. These results demonstrate strong growth momentum and substantial potential.

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.

WPG is dedicated to ESG initiatives and remains a leader in Taiwan’s industry peer. Following recognition by Morningstar Sustainalytics and MSCI ESG Ratings, the company was further honored in April by being ranked among the Top 5% of listed companies in Taiwan Corporate Governance Evaluation, and was selected for the Taiwan Sustainability Index for the second consecutive year. These achievements demonstrate the high recognition of both domestic and international evaluation agencies of WPG's continued commitment to ESG sustainable management.

Driven by the rapid development of generative AI, edge computing, and cloud services, application solutions in traditional and AI server, power, automotive and IoT related field continue to increase, laying a solid foundation for revenue growth. To provide better value-added service and increase market share, 30 application solutions were provided to our customers, including fields in Power (14), AIoT (5) , Industrial (5) , Automotive (4) , Smart Home (1) , Wearable Device (1), focusing on 50W QR flyback server auxiliary power supply, 4kW bidirectional PFC power, 45W 24V isolated PoE flyback converter, 2.5kW high-efficiency IGBT-based air conditioner power, AC/DC medical-grade 600W adapter with totem-pole PFC controller, Imaging sensors for human posture monitoring, panoramic cameras for intelligent inspection, robotics platforms and applications, AI accelerators for LPD, 1/2.8-inch 2.3MP CMOS global shutter image sensor, FOC control for intelligent oil pump.

Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended June 30, 2025 (In brief)

Units：NT$million

IR contacts🤜：Cliff Yuan/ Zoe Peng

Tel：886-2-2191-0068 ext.85268/ext.85262

Email address:  [email protected]

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