Ubiqconn Technology (stock code: 6928) announced unaudited consolidated revenue of NT$153,974 thousand for July 2025, representing 39% decrease from previous month and 75% YOY increase. Cumulative revenue from January through July 2025 reached NT$1,301,124 thousand, reflecting 11% YOY growth and demonstrating solid operational performance.
From application market perspective, continued growth in maritime demand remains primary driver of revenue expansion, with monthly revenue increasing 39% year-over-year and cumulative revenue from January to July growing 41% year-over-year. Additionally, high-margin satcom and smart rugged mobility have shown signs of recovery, with projects steadily shipping and overall market momentum gradually restoring.
In terms of regional revenue, United States was main shipment market for July, accounting for approximately 40% of monthly revenue. Meanwhile, cumulative revenue saw highest proportion from European market, with year-over-year growth rate exceeding 50%, demonstrating initial success of overseas expansion strategies. Shipments in Asia (including Taiwan) and other regions have stabilized, significantly increasing their share and contribution to overall revenue.
Impacted by NTD appreciation in April and May, revenue recognition amount was affected, resulting in second-quarter 2025 revenue of NT$536,037 thousand, showing 6% decrease compared to same period last year. Gross margin improved from 22% to 24%, reflecting continued optimization of cost structure. Although EPS for quarter was -NT$0.1, indicating minor loss, it significantly narrowed from -NT$0.46 in same period last year, showing clear improvement in profitability.
For first half of 2025, consolidated revenue totaled NT$1,147,151 thousand, up 5% year-over-year. This growth was mainly driven by ongoing recovery in maritime application market and steady progress of projects, alongside gradual revival in high-margin satcom and smart rugged mobility sectors. Gross margin increased from 24% to 25%, with expenses effectively controlled and reduced by 6% compared to prior year. EPS reached NT$ 0.13 turning profitable from loss of NT$ -0.16 in same period last year, demonstrating improved operational strength.
Despite systemic challenges including tariff pressures, geopolitical uncertainties, and foreign exchange fluctuations in first half, Ubiqconn Technology exhibited strong operational resilience, with both revenue and profits growing. July integration of E3 Displays, LLC into operational framework not only enhances product portfolio completeness but also expands vertical integration benefits and cross-regional market penetration, expected to generate ongoing positive contributions to operations.
Looking ahead, Ubiqconn Technology will continue to prudently respond to global market changes, strengthen collaboration and communication with customers, and flexibly adjust operational pace to maintain high agility. Company will focus on enhancing product portfolio, optimizing global service capabilities, deepening investments in RuggON brand, satcom and smart rugged mobility , while actively expanding into promising vertical markets to continually improve operational efficiency and profitability, steadily progressing toward full-year growth targets.
In facing external challenges such as tariff pressures, Ubiqconn Technology will closely monitor policy developments, dynamically evaluate supply chain configuration and shipment region strategies, and flexibly adjust order models and resource deployment. This approach aims to adapt to rapidly changing international conditions and ensure stable operations and resilient global delivery capabilities.