AUO Corporation ("AUO" or the "Company") (TWSE: 2409) today held its investor conference and announced its consolidated financial results for the first quarter of 2025⁽¹⁾.

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Consolidated revenues in the first quarter of 2025 were NT$72.10 billion, up by 5.0% quarter-over-quarter and up by 21.2% year-over-year. AUO’s net profit attributable to owners of the Company for the first quarter of 2025 was NT$3.29 billion, with a basic EPS⁽²⁾ of NT$0.43.??

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Highlights of consolidated results for the first quarter of 2025

• Revenues of NT$72.10 billion
• Operating profit of NT$1.14 billion
• Net profit attributable to owners of the Company at NT$3.29 billion
• Basic EPS⁽²⁾ was NT$0.43
• Gross margin was 12.2%
• Operating margin was 1.6%
• EBITDA⁽³⁾ margin was 12.2%

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Looking back to the first quarter, the demand momentum for the Company’s Display pillar improved due to several factors, including inventory replenishment following the holiday promotions, China's Trade-In stimulus policy, and early pull-in ahead of the U.S. tariff implementation. Revenues from Mobility Solution and Vertical Solution continued to grow sequentially due to a higher contribution of value-added products and a recovery in market demand. Overall, the Company's revenues grew by 5.0% quarter-over-quarter and saw a significant increase of 21.2% year-over-year, outperforming the normal seasonality for the first quarter. Benefiting from increasing revenues, favorable product mix, and effective cost and expense control, AUO turned into the black at the operating level this quarter. Moreover, with contribution from non-operating gains from disposal of properties, the Company’s net profit attributable to owners of the Company reached NT$3.29 billion, with basic earnings per share (EPS) of NT$ 0.43. As such, the Company’s financial structure remained at a stable and healthy level. Inventory turnover days were 48 days, while net debt to equity ratio was 34.5%.

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Recent tariff issues pose a high degree of uncertainty for the global economic environment. The Company holds a prudent view towards its business outlook for the second quarter and beyond.? The AUO Group has established its manufacturing footprint globally, and intends to work closely with supply chain partners while maintaining close contact with customers to flexibly respond to their needs and mitigate potential impacts from any tariffs. In addition to being prudent, the Company will continue to focus on its transformation and product mix improvement, emphasizing growth in Mobility Solution and Vertical Solution, and enhancing the product mix within the Display pillar to ensure stable, long-term profitability. This will strengthen our resilience and capability to respond to external challenges.

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(1) All financial information was prepared by the Company in accordance with Taiwan IFRS. On April 2, 2024, AUO completed the acquisition of German company BHTC GmbH (hereinafter referred to as "BHTC") and now holds 100% equity interest in BHTC. Therefore, the financial statements of BHTC were included in AUO’s consolidated financial statements starting from April 2024.

(2)?Basic EPS in the first quarter of 2025 was calculated based on the weighted average outstanding shares of the reporting quarter (7,645 million shares).

(3) EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.

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