Wiwynn Reports Fourth Quarter 2024 Financial Results

Following the Board of Directors meeting today, Wiwynn announced Q4 2024 consolidated revenue of NT$115.614 billion, up 97.5% year-over-year. Operating profit reached NT$8.131 billion, profit before tax (PBT) NT$8.782 billion, and profit after tax (PAT) NT$7.047 billion. Gross margin declined to 9.4% (-1.6 ppt YoY), operating margin to 7.0% (-0.9 ppt YoY), while PAT margin improved to 6.1% (+0.1 ppt YoY). Basic earnings per share (EPS) was NT$37.92, up from NT$20.10 in 2023. Strong demand for general and AI servers drove record-high revenue, profits, and EPS in Q4 2024.

For fiscal year 2024, consolidated revenue reached NT$360.541 billion, a 49.0% increase YoY. Gross margin rose to 10.4% (+1.0 ppt), operating margin to 7.8% (+1.2 ppt). PAT was NT$22.776 billion, with PAT margin at 6.3% (+1.3 ppt YoY). EPS stood at NT$126.57. Revenue, profits, EPS, gross margin, operating margin, and PAT margin all reached record highs.

The Board approved a cash dividend distribution of NT$13,752,218,534, equivalent to NT$74 per share, and set the 2025 Annual Shareholders’ Meeting for May 29, 2025.

To address global uncertainties and supply chain shifts, the Board approved a capital increase of USD 300 million for its U.S. subsidiary, WYMUS, to purchase and develop new factory facilities in Texas. It also raised the capital expenditure for the Southern Science Park factory and office building to NT$8 billion, further enhancing global production and delivery capabilities.

Wiwynn remains optimistic about the long-term growth of the data center market and continues to invest in AI, computing, and thermal technologies. The company will flexibly adjust global capacity to meet evolving political, economic, and customer demands.