Ubiqconn Technology (stock code: 6928) reported non-audited revenue of NT$183,659 thousand for February 2025. Decline of 15% compared to the previous month. However, it showed a significant growth of 59% compared to the same period last year. The cumulative revenue for the year to date reached NT$399,087 thousand, representing a 25% increase YOY, reflecting a clear recovery in customer demand.
Benefiting from the recovery in demand from maritime customers and increased procurement momentum, the maritime division revenue slightly declined by 8% compared to the previous month, but saw a significant growth of 174% YOY. Cumulative maritime revenue grew by 134% compared to the same period last year. Customer Services Or Others revenue increased by 21% compared to the previous month, with YOY growth of 117%, and cumulative revenue rose by 184% compared to the same period last year. Meanwhile, high-margin satellite revenue grew by 40% compared to the previous month, with orders gradually rebounding, and the outlook remains positive.
In terms of regional revenue for February, Europe accounted for the largest share, with monthly revenue growing by 190% compared to the same period last year, and cumulative revenue increasing by 107%. This indicates that the market expansion strategy in Europe has been effective, and there is a positive outlook for the future. Meanwhile, the Americas (including the United States) and other regions also saw double-digit growth in cumulative revenue. Only the Asia region (including Taiwan) experienced a revenue decline, mainly due to adjustments in regional product mix shipments. It is expected that as customer order visibility improves in the future, the Asian market will gradually stabilize.
Overall, Ubiqconn Technology revenue performance for February 2025 was outstanding. Both maritime revenue and Customer Services Or Others revenue showed significant YOY growth in cumulative and monthly comparisons. High-margin satellite saw orders gradually gaining traction, leading to steady growth. In terms of regions, Europe, the Americas (including the United States), and other regions outside of Asia all experienced double-digit growth, indicating a market recovery. The overall operations are expected to continue to grow steadily.