Issued date: 2025/4/17
Issued by: iST
Integrated Service Technology Inc. (iST, TWSE: 3289), a leading provider of electronic product verification and analysis services, today (April 17) announced its consolidated financial results for the first quarter of 2025:
1. Consolidated revenue for Q1 2025 reached NT$1.131 billion, up 2.20% QoQ and 5.82% YoY.
2. Operating gross profit totaled NT$353 million, growing 15.44% QoQ and 16.85 % YoY. Gross margin rose to 31.18%.
3. Net operating profit came in at NT$122 million, an increase of 58.08% QoQ and 7.30% YoY.
4. Net operating profit attributable to the parent company was NT$126 million, up 39.47% QoQ but down 5.17% YoY.
5. Earnings per share (EPS) after tax stood at NT$1.70, increasing 39.34% QoQ and declining 5.56% YoY.
iST stated that its solid Q1 performance was driven by growing demand for verification and analysis services in AI and high-performance computing (HPC), as well as the ongoing contribution from high-margin solution packages.
Revenue for the quarter reached NT$1.131 billion, up 2.20% from the previous quarter and 5.82% from the same period last year. Operating gross profit climbed to NT$353 million, representing growth of 15.44% QoQ and 16.85% YoY. Gross margin improved to 31.18%, significantly above the 28.24% level recorded in Q1 2024, returning to above the 30% benchmark.
Operating income was NT$122 million, marking a 58.08% increase from the previous quarter and a 7.30% rise YoY. Net income attributable to the parent company reached NT$126 million, up 39.47% QoQ, though slightly down by 5.17% YoY. EPS came in at NT$1.70, growing 39.34% QoQ and declining 5.56% YoY.
iST explained that the slight year-over-year decrease in earnings per share (EPS) was primarily due to a higher amount of income tax credits recognized in the same period of 2024. Despite this, the company’s gross margin this quarter improved notably to 31.18%, significantly higher than the 28.24% recorded in Q1 2024, reflecting the effectiveness of its high-margin solution strategy and enhanced operational efficiency.
In response to surging demand for AI and HPC chip verification, iST has proactively expanded its related capacity eightfold since 2020, successfully supporting customers’ needs for advanced verification services.
Looking forward, iST will continue strengthening its core technologies and customer services while staying aligned with market trends. The company is rolling out five major high-margin solution packages in 2025, covering automotive electronics verification, space environmental testing, AI high-speed validation, advanced process and packaging solutions, and Global Smart Reliability Services. These initiatives are gradually transforming into tangible business results, continuously driving momentum for growth and reinforcing iST’s long-term competitive edge.
iST’s Q1 2025 consolidated results
(Unit: NT$ thousands, except EPS)
| Item | Q1 2025 |
Q1 2024 |
Increase (Decrease) % |
Q4 2024 |
Increase (Decrease) % |
|---|---|---|---|---|---|
| Operating revenue |
1,131,486 | 1,069,292 | 5.82% | 1,107,144 | 2.20% |
| Operating gross profit |
352,822 | 301,942 | 16.85% | 305,631 | 15.44% |
| Net operating profit | 122,042 | 113,739 | 7.30% | 77,201 | 58.08% |
| The net profit attributable to the parent company | 126,431 | 133,320 | (5.17%) | 90,650 | 39.47% |
| EPS after tax NT$ |
NT$1.70 | NT$1.80 | (5.56%) | NT$1.22 | 39.34% |
Note: The financial figures for the first quarter of 2025 are based on the company’s preliminary self-assessment and have not yet been reviewed by certified public accountants.
About Integrated Service Technology
Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including Failure Analysis, Reliability Assurance, Material Analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.
In response to the growing future trends, iST has established platforms for 5G/HPC/AI, Automotive Electronics verification, Space Satellite verification, Advanced Processes and Wide-bandgap Semiconductors, LTS ( low-temperature soldering) Process verification platforms, as well as High-speed Transmission Signal Testing, offering comprehensive verification and analysis services.With a commitment to providing complete solutions to customers, iST has expanded its services beyond verification to encompass Wafer Backend Process for mass production service.
Visit our website: https://www.istgroup.com