PGC Announces Q4 and Full-Year Financial Results of 2024
2025/02/25
Progate Group Corporation (PGC) today announced its 4Q24 financial results. The company reported fourth-quarter revenue of NT$200 million, representing a 34.7% increase QoQ but a 46.1% decrease YoY. The gross margin rate achieved 29.2%, down 5.6 percentage points QoQ but up 6.9 percentage points YoY. Operating profit reached NT$18 million, with an operating margin rate of 9.2%, up 4.7 percentage points QoQ but down 4.2 percentage points YoY. Net profit after tax was NT$27 million, reflecting a 584.1% increase QoQ but a 13.4% decline YoY, resulting in earnings per share (EPS) of NT$0.70 for the quarter.
For the full year 2024, total revenue reached NT$682 million, a 38.2% decrease YoY. The gross margin rate stood at 28.3%, down 1.0 percentage point YoY. Operating profit was NT$41 million, with an operating margin rate of 6.1%, a decline of 11.5 percentage points YoY. Net profit after tax was NT$63 million, down 60.8% YoY, with a full-year EPS of NT$1.65.
Additionally, the company’s board of directors approved the profit distribution plan for 2024, resolving to distribute a cash dividend of NT$1.6 per share to shareholders.
Looking ahead to 2025, customer inventory adjustments have gradually stabilized, and mass production demand is expected to recover steadily. Furthermore, the company will continue to strategically deploy and undertake advanced node projects. With the growing benefits of the Synopsys IP OEM Program, the company’s operations are expected to return to a growth track.
For more information, please contact:
Investor Relations, PGC
TEL: +886-2-2658-2233
Email: fin@pgc.com.tw
