Ubiqconn Technology (stock code: 6928) approved financial statements for the first quarter of 2025 at the board meeting on May 7, 2025. The total revenue for the first quarter was NT$611,114 thousand, with 18% increase year-over-year and 27% increase quarter-over-quarter, slightly down by 1 percentage point from the same period last year. Net income after tax reached NT$19,765 thousand, with earnings per share (EPS) of NT$0.23.
Driven by recovering demand from maritime customers and stronger shipment momentum, revenue from maritime customers rose significantly, with 90% increase year-over-year and 55% increase quarter-over-quarter, indicating clear rebound in market demand and strong order momentum.
From a regional perspective, Europe remained the largest contributor, accounting for 51% of total revenue and delivering 74% year-over-year growth—demonstrating the success of Ubiqconn Technology regional expansion strategy. The Americas accounted for 30% of revenue, growing 7% year-over-year, with relatively limited impact from tariffs and other external factors. Other regions posted 64% year-over-year growth, reflecting early-stage success in new market deployments. Asia, however, saw 59% decline year-over-year, due to adjustments in the regional product mix and shipment schedule.
In the face of ongoing geopolitical uncertainty and global economic fluctuations, Ubiqconn Technology remains cautiously optimistic about market trends. The company will continue to adopt agile strategies to strengthen its regional presence, deepen relationships with key customers, and steadily expand in core application sectors such as maritime, government projects, transportation, and satellite communications. Ubiqconn Technology is committed to delivering sustainable and stable long-term growth.