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ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
IMOSChipMOS(IMOS) Prnewswire·2025-02-25 08:00

Core Insights - ChipMOS Technologies Inc. reported consolidated financial results for Q4 and the full year ended December 31, 2024, highlighting a decrease in quarterly revenue but an increase in annual revenue compared to the previous year [1][3]. Financial Performance - Q4 2024 revenue was NT5,399.6million(US5,399.6 million (US164.7 million), down 11.0% from Q3 2024 and down 5.7% from Q4 2023 [3]. - Full year 2024 revenue reached NT22,695.9million(US22,695.9 million (US692.2 million), marking a 6.3% increase from NT21,356.2million(US21,356.2 million (US651.3 million) in 2023 [3]. - Net profit for Q4 2024 was NT232.2million(US232.2 million (US7.1 million), a decrease from NT299.4million(US299.4 million (US9.1 million) in Q3 2024 and NT482.0million(US482.0 million (US14.7 million) in Q4 2023 [5]. - Full year net profit for 2024 was NT1,420.0million(US1,420.0 million (US43.3 million), down from NT1,893.4million(US1,893.4 million (US57.7 million) in 2023 [6]. Non-Operating Income - Q4 2024 net non-operating income was NT154.6million(US154.6 million (US4.7 million), a significant improvement from net non-operating expenses in both Q3 2024 and Q4 2023 [4]. - Full year net non-operating income for 2024 was NT373.1million(US373.1 million (US11.4 million), slightly up from NT359.8million(US359.8 million (US11.0 million) in 2023 [4]. Cash Flow and Liquidity - The net free cash outflow for the fiscal year 2024 was NT938.3million(US938.3 million (US28.6 million), primarily for capacity additions [7]. - The company maintained a strong cash position with NT15,219.0million(US15,219.0 million (US464.1 million) in cash and cash equivalents [7]. Shareholder Actions - The Board authorized a dividend of NT1.2percommonshare,pendingshareholderapprovalattheMay2025AGM[8].AsharerepurchaseprogramofNT1.2 per common share, pending shareholder approval at the May 2025 AGM [8]. - A share repurchase program of NT350 million was announced [8]. Market Position - ChipMOS is recognized as an industry leader in outsourced semiconductor assembly and test services, serving a wide range of end markets globally [10].