Manuals+

Delta Electronics, Inc. 2Q 2025 Results

31 July 2025

Q2 2025 Financial Results Overview

The financial numbers presented are based on International Financial Reporting Standards (IFRS) and have been reviewed by a CPA.

Sales Revenues & Gross Profits (Q2 2025)

Sales and Gross Profit (GP) figures for Q2 2025 compared to previous quarters.

Metric2Q243Q244Q241Q252Q25
Sales (NT$ billion)103.4112.2114.2118.9124.0
Gross Profit (GP) (NT$ billion)35.339.235.237.844.0
Gross Profit Margin (GPM)34.1%34.9%30.8%31.8%35.5%

Year-over-Year (Y/Y) Growth: Sales: +20%, Gross Profit: +25%

Quarter-over-Quarter (Q/Q) Growth: Sales: +4%, Gross Profit: +17%

Operating Profits & Expenses (Q2 2025)

Analysis of R&D, SG&A, OPEX, and Operating Profit (OP) as a percentage of sales and year-over-year/quarter-over-quarter growth.

MetricPeriod2Q243Q244Q241Q252Q25
R&DNT$ billion10.610.811.211.111.8
% of Sales10.2%9.6%9.8%9.3%9.5%
SG&ANT$ billion11.611.913.312.713.5
% of Sales11.2%10.6%11.6%10.7%10.9%
OPEX (Total Operating Expenses)NT$ billion21.420.321.420.020.4
% of Sales21.4%20.3%21.4%20.0%20.4%
OP (Operating Profit)NT$ billion13.116.510.714.018.7
% of Sales12.7%14.6%9.4%11.8%15.1%

Year-over-Year (Y/Y) Growth: R&D: +12%, SG&A: +17%, OPEX: +14%, Operating Profit: +42%

Quarter-over-Quarter (Q/Q) Growth: R&D: +7%, SG&A: +7%, OPEX: +7%, Operating Profit: +33%

Performance by Segment (Q2 2025)

Performance breakdown by business segment, including Sales and Profits with year-over-year and quarter-over-quarter growth rates.

SegmentMetric2Q241Q252Q25
Power ElectronicsSales (NT$ million)64,24113,52113,526
Profits (NT$ million)13,521197197
Y/Y Sales Growth+17%
MobilitySales (NT$ million)10,691(69)197
Profits (NT$ million)n.m. (turned to loss)n.m. (turned to loss)n.m. (turned to loss)
Y/Y Sales Growth-5%
AutomationSales (NT$ million)13,526197197
Profits (NT$ million)197-64%-57%
Y/Y Sales Growth-1%
InfrastructureSales (NT$ million)35,3845,0205,020
Profits (NT$ million)5,020+417%+38%
Y/Y Sales Growth+53%

Sales % Breakdown:

  • 2Q24: Power Electronics 53%, Mobility 9%, Automation 11%, Infrastructure 13%, Others 23%
  • 1Q25: Power Electronics 50%, Mobility 9%, Automation 11%, Infrastructure 12%, Others 29%
  • 2Q25: Power Electronics 52%, Mobility 9%, Automation 9%, Infrastructure 11%, Others 28%

Non-operating Profits (Q2 2025)

Details of non-operating income and expenses.

Category2Q24 (NT$ million)1Q25 (NT$ million)2Q25 (NT$ million)
Gains or losses from investment*12916(586)
Interest income539313512
FX income and valuation of FX forward395512(180)
Others8407861,156
Total1,9031,627902

Non-OP as % of Sales: 1.8% (2Q24), 1.1% (3Q24), -0.8% (4Q24), 1.4% (1Q25), 0.7% (2Q25).

*The item includes realized and unrealized evaluations of gains or losses from financial assets at fair value through profit or loss, dividend income, share of profit(loss) of associates accounted for under the equity, and gain (loss) on disposal of associates accounted for under the equity, etc.

Profits before Tax vs. EBITDA (Q2 2025)

Comparison of Profits before Tax (PBT) and EBITDA, including growth rates.

MetricPeriod2Q243Q244Q241Q252Q25
Profits before tax (PBT)NT$ billion15.017.79.815.619.6
% of Sales14.5%15.8%8.6%13.2%15.8%
EBITDANT$ billion21.724.317.023.026.8
% of Sales20.9%21.7%14.9%19.3%21.6%

Year-over-Year (Y/Y) Growth: Profits before tax: +30%, EBITDA: +24%

Quarter-over-Quarter (Q/Q) Growth: Profits before tax: +25%, EBITDA: +17%

Net Profits after Tax (Q2 2025)

Net profit figures and growth rates.

MetricPeriod2Q243Q244Q241Q252Q25
Net profits after taxNT$ billion9.912.37.210.213.9
% of Sales9.6%11.0%6.3%8.6%11.2%

Year-over-Year (Y/Y) Growth: Net profits after tax: +40%

Quarter-over-Quarter (Q/Q) Growth: Net profits after tax: +36%

Detailed Breakdown (NT$ million):

Category2Q241Q252Q25
Profit before income tax15,03615,66319,571
Income tax(3,082)(3,620)(4,237)
Non-controlling interest(2,006)(1,812)(1,386)
Net profit after tax9,94810,23113,948

Earnings Per Share (EPS) (Q2 2025)

EPS figures for Q2 2025 compared to previous quarters.

Bar chart showing EPS for 2Q24, 3Q24, 4Q24, 1Q25, and 2Q25.

PeriodEPS (NT$)
2Q243.83
3Q244.75
4Q242.76
1Q253.94
2Q255.37

*EPS based on shares outstanding of 2,598 million.

1H 2025 Financial Results Overview

Summary of financial performance for the first half of 2025.

Sales Revenues & Gross Profits (1H 2025)

Sales and Gross Profit (GP) figures for 1H 2025 compared to 1H 2024.

Metric1H241H25
Sales (NT$ billion)194.7242.9
Gross Profit (GP) (NT$ billion)62.281.8
% of Sales32.0%33.7%

Year-over-Year (Y/Y) Growth: Sales: +25%, Gross Profit: +31%

Operating Profits & Expenses (1H 2025)

Analysis of R&D, SG&A, OPEX, and Operating Profit (OP) for 1H 2025 compared to 1H 2024.

MetricPeriod1H241H25
R&DNT$ billion19.622.9
% of Sales10.1%9.4%
SG&ANT$ billion22.126.2
% of Sales11.4%10.8%
OPEX (Total Operating Expenses)NT$ billion21.520.2
% of Sales21.5%20.2%
OP (Operating Profit)NT$ billion20.532.7
% of Sales10.5%13.5%

Year-over-Year (Y/Y) Growth: R&D: +17%, SG&A: +18%, OPEX: +18%, Operating Profit: +59%

Performance by Segment (1H 2025)

Performance breakdown by business segment for 1H 2025 compared to 1H 2024.

SegmentMetric1H241H25
Power ElectronicsSales (NT$ million)124,01823,715
Profits (NT$ million)23,71523,715
MobilitySales (NT$ million)21,314(335)
Profits (NT$ million)n.m. (turned to loss)n.m. (turned to loss)
AutomationSales (NT$ million)27,223659
Profits (NT$ million)659659
InfrastructureSales (NT$ million)70,0898,666
Profits (NT$ million)8,6668,666

Sales % Breakdown:

  • 1H24: Power Electronics 53%, Mobility 9%, Automation 11%, Infrastructure 13%, Others 23%
  • 1H25: Power Electronics 51%, Mobility 9%, Automation 11%, Infrastructure 11%, Others 29%

Non-operating Profits (1H 2025)

Details of non-operating income and expenses for 1H 2025 compared to 1H 2024.

Category1H24 (NT$ million)1H25 (NT$ million)
Gains or losses from investment*134(570)
Interest income900825
FX income and valuation of FX forward625332
Others1,6151,942
Total3,2742,529

Non-OP as % of Sales: 1.7% (1H24), 1.0% (1H25).

*The item includes realized and unrealized evaluations of gains or losses from financial assets at fair value through profit or loss, dividend income, share of profit(loss) of associates accounted for under the equity, and gain (loss) on disposal of associates accounted for under the equity, etc.

Profits before Tax vs. EBITDA (1H 2025)

Comparison of Profits before Tax (PBT) and EBITDA for 1H 2025 compared to 1H 2024.

MetricPeriod1H241H25
Profits before tax (PBT)NT$ billion23.835.2
% of Sales12.2%14.5%
EBITDANT$ billion36.649.9
% of Sales18.8%20.5%

Year-over-Year (Y/Y) Growth: Profits before tax: +48%, EBITDA: +36%

Net Profits after Tax (1H 2025)

Net profit figures and growth rates for 1H 2025 compared to 1H 2024.

MetricPeriod1H241H25
Net profits after taxNT$ billion15.724.2
% of Sales8.1%10.0%

Year-over-Year (Y/Y) Growth: Net profits after tax: +54%

Detailed Breakdown (NT$ million):

Category1H241H25
Profit before income tax23,80135,234
Income tax(4,880)(7,857)
Non-controlling interest(3,209)(3,198)
Net profit after tax15,71224,179

Earnings Per Share (EPS) (1H 2025)

EPS figures for 1H 2025 compared to 1H 2024.

Bar chart showing EPS for 1H24 and 1H25, with a growth indicator.

PeriodEPS (NT$)
1H246.05
1H259.31

Growth: +54%

*EPS based on shares outstanding of 2,598 million.

Business Categories

Delta Electronics operates across several key business categories:

  • Power Electronics: Components, Power and System, Fans & Thermal Management.
  • Mobility: EV Powertrain Systems.
  • Automation: Industrial Automation, Building Automation.
  • Infrastructure: Information & Communication Technology Infrastructure, Power & Energy Solutions Infrastructure.

Tagline

Smarter. Greener. Together.

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