Ennostar Inc. (TWSE: 3714) today held its investor conference and announced its consolidated financial results for the first quarter of 2025. Consolidated revenues in the first quarter of 2025 were NT$5.63 billion, up by 2.3% quarter-over-quarter and up by 0.9% year-over-year. Net loss attributable to equity holders of the parent company for the first quarter of 2025 was NT$0.44 billion, with a basic EPS of -NT$0.6.
In the first quarter, the Company continued to expand its presence in applications such as automotive, smart sensing, and TV backlighting. Moreover, benefiting from customers’ pull-in demand ahead of potential tariff adjustments, the aforementioned segments delivered steady revenue growth. Despite a temporary softening in display and specialty lighting demand due to the Lunar New Year holiday and seasonal factors, overall revenue still recorded a mild quarter-over-quarter increase of 2.3%.
With ongoing efforts to optimize product mix and enhance cost control, the Company’s operating loss narrowed significantly from the previous quarter while EBITDA(1) also improved and maintained a healthy and solid financial structure.
Looking into the second quarter, although the current tariff policies have limited direct impact on Ennostar, the Company remains cautious about potential ripple effects on customers’ procurement behavior and end-product pricing. For the full year, the seasonal trend in operations may shift slightly, and market sentiment has become more conservative. Nevertheless, based on Ennostar’s solid financial foundation the Company will continue to advance its asset-light strategy and to leverage high value-added products. Also, the Company aims to deliver long-term value to shareholders by means of accelerating deployment in key areas such as next-generation AI optical interconnects and automotive, precisely managing expenses and realizing innovative applications.
Highlights of consolidated results for the first quarter of 2025
• Revenues of NT$5.63 billion
• Operating loss of NT$0.48 billion
• Net loss attributable to equity holders of the parent company at NT$0.44 billion
• Basic EPS was -NT$0.60
• Gross margin was 12.2%
• Operating margin was 8.5%
• EBITDA(1)margin was 9.1%
(1)EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.