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

2025/05/20

WPG, the distributor of semiconductor components, announces 2025 First Quarter revenue, operating income, net income and EPS exceeding forecast. Revenue achieved NT$248.834 billion, +7.4% QoQ. Operating income achieved NT$4.284 billion, +10.7% QoQ. Net Income achieved NT$1.898 billion, +17% QoQ. EPS was NT$1.13.

2025 First Quarter key financial indicators Return on Equity (ROE) was 8.8%, Return on Working Capital (ROWC) was 8.9%.

The above revenue growth benefited from the rapid development of generative AI, along with factors such as the increased demand for related traditional and AI servers, power supplies, PCs, NBs and other electronic components, resulting in strong shipments.

For 2025 Second quarter, based on an exchange rate assumption of NT$31 to the U.S. dollar, WPG forecasts consolidated revenue of NT$210 billion to NT$220 billion, gross margin of 3.6% to 3.8%, operating margin of 1.8% to 1.9%, net income of NT$1.541 billion to NT$1.783 billion, EPS of NT$0.92 to NT$1.06.

Following awarded the "Industry Top-Rated" and "Regional Top-Rated" by Morningstar Sustainalytics in 2025 and received A rating from the MSCI ESG Ratings, which is widely used by domestic and foreign institutional investors and funds for three consecutive years, the company was further honored in April by ranking in the top 5% of the 11th corporate governance evaluation, demonstrating strong recognition for WPG's commitment to ESG sustainable management.

WPG Electronics Limited officially changed its name to LaaS Ltd. in 2025. Since turning profitable after tax in 2022, it has demonstrated strong growth momentum, with its Gross Merchandise Volume (GMV) reaching US$25.4 billion in 2024, reflecting a year-over-year increase of 21.2%. Meanwhile, LaaS Ltd. is actively implementing green logistics initiatives, such as reducing redundant transportation and adopting reusable logistics containers, to fulfill its ESG sustainability goals.

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, 29 application solutions were provided to our customers, including fields in Industrial (8), Automotive (5), Power (4), AIoT (3), Smart Home (3), Consumer (1), Wearable device (2), Smart City (1), focusing on GUI Display, IO-Link cascading HUB, portable energy storage BMS, AI edge computing, GNSS chip high-precision positioning system for non-automotive applications, motorcycle automatic clutch E-Clutch motor drive, instrument clusters for four-wheel and two-wheel vehicles, Intelligent driving ADAS, automotive ambient lighting, 360W high-efficiency power supply, 3.3KW bidirectional totem-pole PFC inverter power supply developed with high-performance DSP, AI personal protective equipment detection, CMOS with main controller USB HDR, high-performance Preroll image processing, KNX touchscreen, multi-scenario touch control, smart lifesaving watch for drowning detection.

Table: WPG Holdings Ltd. Consolidated Financial Statements for the year ended March 31, 2025 (In brief)

Units：NT$million

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