APWC Announces Financial Results for the Third Quarter of 2025
Asia Pacific Wire & Cable Corporation (NASDAQ: APWC) reported Q3 2025 unaudited results for the quarter ended September 30, 2025. Revenue was $128.4 million, up 1% sequentially and 5% year-over-year, driven by public sector orders. Copper unit volume rose 12% year-over-year and 2% sequentially. Gross profit was $11.1 million (8.7% margin), operating profit was $3.8 million (up 52% sequentially and 19% year-over-year), and earnings per share were $0.05.
Net income for the period narrowed versus the prior year largely due to a favorable FX movement in 2024. Cash and cash equivalents were $35.3 million and operating cash inflow was $11.6 million, aided by lower inventory and improved collections.
Asia Pacific Wire & Cable Corporation (NASDAQ: APWC) ha riportato i risultati non controllati del terzo trimestre 2025 per il periodo terminato il 30 settembre 2025. Le entrate sono state di 128,4 milioni di dollari, in aumento dell'1% rispetto al trimestre precedente e del 5% rispetto all'anno precedente, trainate dagli ordini del settore pubblico. Il volume delle unità in rame è aumentato del 12% rispetto all'anno precedente e del 2% rispetto al trimestre precedente. L'utile lordo è stato di 11,1 milioni di dollari (margine dell'8,7%), l'utile operativo di 3,8 milioni di dollari (in aumento del 52% rispetto al trimestre precedente e del 19% rispetto all'anno precedente), e l'utile per azione è stato di 0,05 dollari.
Il reddito netto per il periodo si è ridotto rispetto all'anno precedente principalmente a causa di uno spostamento favorevole del tasso di cambio nel 2024. Le disponibilità liquide sono state di 35,3 milioni di dollari e l'afflusso di cassa operativo è stato di 11,6 milioni, agevolato da una riduzione delle scorte e da migliori riscossioni.
Asia Pacific Wire & Cable Corporation (NASDAQ: APWC) informó resultados no auditados del tercer trimestre de 2025 para el periodo terminado el 30 de septiembre de 2025. Los ingresos fueron de 128,4 millones de dólares, un aumento del 1% secuencial y del 5% interanual, impulsados por pedidos del sector público. El volumen de unidades de cobre aumentó un 12% interanual y un 2% secuencialmente. El beneficio bruto fue de 11,1 millones de dólares (margen del 8,7%), el beneficio operativo fue de 3,8 millones de dólares (un aumento del 52% secuencial y del 19% interanual), y las ganancias por acción fueron de 0,05 dólares.
El ingreso neto para el periodo se redujo frente al año anterior principalmente debido a un movimiento favorable de FX en 2024. Las caja y equivalentes de caja fueron de 35,3 millones de dólares y el flujo de caja operativo fue de 11,6 millones, ayudado por menor inventario y una mejor cobranza.
Asia Pacific Wire & Cable Corporation (NASDAQ: APWC)는 2025년 9월 30일로 종료된 분기에 대해 2025년 3분기 비감사 실적을 발표했습니다. 매출은 1억 2840만 달러, 전분기 대비 1%, 전년 동기 대비 5% 상승, 공공부문 주문으로 견인되었습니다. 구리 유닛 판매량은 전년 대비 12% 증가했고 전분기 대비로도 2% 증가했습니다. 총이익은 1100만 달러(마진 8.7%), 영업이익은 380만 달러(전분기 대비 52%, 전년 대비 19% 증가), 주당순이익은 0.05달러였습니다.
기간 순이익은 2024년의 우호적인 FX 움직임으로 인해 전년 대비 축소되었습니다. 현금 및 현금성자산은 3530만 달러였고 영업현금흐름은 1160만 달러로, 재고 감소 및 개선된 매출채권 회수 덕분이었습니다.
Asia Pacific Wire & Cable Corporation (NASDAQ: APWC) a publié des résultats non audités du T3 2025 pour le trimestre clos le 30 septembre 2025. Le chiffre d'affaires s'est élevé à 128,4 millions de dollars, en hausse de 1% trimestrielle et de 5% annuel, porté par les commandes du secteur public. Le volume d'unités cuivre a augmenté de 12% sur un an et de 2% sur le trimestre. Le bénéfice brut s'est élevé à 11,1 millions de dollars (marge de 8,7%), le résultat opérationnel à 3,8 millions (en hausse de 52% sur le trimestre et de 19% sur l'année), et le bénéfice par action était de 0,05 dollar.
Le résultat net pour la période s'est dégradé par rapport à l'année précédente principalement en raison d'un mouvement de change favorable en 2024. La trésorerie et équivalents étaient de 35,3 millions de dollars et le flux de trésorerie opérationnel était de 11,6 millions, aidés par une réduction des stocks et une amélioration des encaissements.
Asia Pacific Wire & Cable Corporation (NASDAQ: APWC) meldete unauditiertes Ergebnis des dritten Quartals 2025 für das am 30. September 2025 endende Quartal. Der Umsatz betrug 128,4 Millionen US-Dollar, ein Anstieg von 1% gegenüber dem Vorquartal und 5% gegenüber dem Vorjahr, getrieben durch Aufträge aus dem öffentlichen Sektor. Die Kupfer-Einheiten-Umsatzvolumen stieg im Jahresvergleich um 12% und gegenüber dem Vorquartal um 2%. Der Bruttogewinn betrug 11,1 Millionen US-Dollar (8,7% Marge), das Betriebsergebnis 3,8 Millionen US-Dollar (quartalsweise +52%, jahresweise +19%), und der Gewinn je Aktie betrug 0,05 US-Dollar.
Der Perioden-nettoeinkommen verzeichnete gegenüber dem Vorjahr aufgrund einer vorteilhaften FX-Bewegung im Jahr 2024 eine Verringerung. Cash und Barmittel betrugen 35,3 Millionen US-Dollar, und der operative Cashflow betrug 11,6 Millionen US-Dollar, unterstützt durch geringere Lagerbestände und verbesserte Forderungseinzugs.
شركة آسيا المحيط الهادئ للأسلاك والكابلات (NASDAQ: APWC) أعلنت عن نتائج غير مُراجَعة للربع الثالث من 2025 للربع المنتهي في 30 سبتمبر 2025. الإيرادات بلغت 128.4 مليون دولار، بارتفاع قدره 1% على أساس ربعي و5% على أساس سنوي، مدفوعّة بطلبات القطاع العام. ارتفع حجم وحدات النحاس بنسبة 12% على أساس سنوي وبنسبة 2% على أساس ربعي. بلغ إجمالي الربح 11.1 مليون دولار (هامش 8.7%), وبلغت الأرباح التشغيلية 3.8 مليون دولار (ارتفاع 52% ربعيًا و19% سنويًا)، وبلغ ربحية السهم 0.05 دولار.
تقلّص صافي الدخل للفترة مقارنة بالعام السابق بشكل رئيسي بسبب حركة FX مواتية في 2024. كانت النقدية والنقدية المعادلة 35.3 مليون دولار وتدفق النقد التشغيلي 11.6 مليون دولار، بمساعدة انخفاض المخزون وتحسن التحصيل.
- Copper unit volume +12% year-over-year
- Operating profit +19% year-over-year
- Operating profit +52% sequentially
- Operating cash inflow increased by $27.0M sequentially to $11.6M
- Net income down 21% year-over-year
- EPS down 17% year-over-year
Insights
APWC delivered modest revenue and margin gains with improved operating profit but mixed bottom‑line effects from FX and commodity swings.
Quarterly revenue of
Key dependencies and risks include volatile copper prices and foreign exchange movements, which management explicitly cites as drivers of gross profit and the year‑over‑year net income variance; working capital reductions and inventory draws shortened the cash conversion cycle and produced a meaningful operating cash inflow of
- Quarterly revenue of
$128.4 million , up1% from Q2 and up5% from a year ago - Quarterly operating profit of
$3.8 million , up19% from Q3 2024
TAIPEI, Taiwan, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited ("APWC" or the "Company") (NASDAQ: APWC) today reported unaudited results for the third quarter ended September 30, 2025.
Quarterly revenue was
Copper unit volume, measured by the tonnage of copper contained in the wire and cable sold, increased
For the quarter, earnings per share were
"In Q3 2025 we achieved revenue growth in an environment where businesses continue to face uncertainty," commented Yuan Chun Tang, Chairman and CEO of APWC. "Our revenues from public sector projects proved to be a dependable source of income, derived from contracts that can be awarded as much as 2 to 3 years before project commencement. We remain cautious, however, as an uncertain macroeconomic outlook and pricing pressure from increased competition persist."
"Increase in copper prices had a significant impact on the current quarter gross profit," said Ben Lee, CFO. "We saw an expansion in gross profit and operating profit both sequentially and on a year-over-year basis. However, net income narrowed compared with the same period last year, as 2024 had a favorable foreign exchange movement. We are keenly aware that in the current environment, exchange rates and copper prices can turn quickly. We are making efforts to reduce our working capital and inventory levels and to shorten our cash conversion cycle."
Q3 Fiscal 2025 Summary
| Q3 Financial Results | ||||||||||
| ($ in millions, except earnings per share) | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | Q/Q | Y/Y | |||||
| Revenues | $ | 128.4 | $ | 126.9 | $ | 122.2 | 1 | % | 5 | % |
| Gross profit | $ | 11.1 | $ | 8.6 | $ | 9.3 | 29 | % | 19 | % |
| Operating expenses | $ | 7.3 | $ | 6.4 | $ | 6.6 | 14 | % | 11 | % |
| Operating profit | $ | 3.8 | $ | 2.5 | $ | 3.2 | 52 | % | 19 | % |
| Net income | $ | 1.1 | $ | 0.6 | $ | 1.4 | 83 | % | (21 | )% |
| EPS | $ | 0.05 | $ | 0.03 | $ | 0.06 | 67 | % | (17 | )% |
| Revenue by Reportable Segments | ||||||||||
| ($ in millions) | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | Q/Q | Y/Y | |||||
| North Asia | $ | 21.3 | $ | 22.7 | $ | 17.7 | (6 | )% | 20 | % |
| ROW | $ | 56.8 | $ | 59.9 | $ | 60.2 | (5 | )% | (6 | )% |
| Thailand | $ | 50.3 | $ | 44.3 | $ | 44.3 | 14 | % | 14 | % |
| Total | $ | 128.4 | $ | 126.9 | $ | 122.2 | 1 | % | 5 | % |
Revenue
Revenue for the third quarter was
North Asia revenue for the third quarter was
Thailand revenue for the third quarter was up
ROW revenue declined slightly in the third quarter mainly due to a decrease in SDI revenue. Demand from SDI public sector projects remains strong, with large projects awarded in the current quarter. Revenue recognition for these projects is tied to the progress of project completion, resulting in some fluctuations from quarter to quarter.
Gross Profit
Gross profit margin for the third quarter was
Expenses
Total selling, general, and administrative expenses increased
Non-Operating Items
Exchange gains and losses mostly offset each other during this quarter. In contrast, there was a substantial appreciation in Thai Baht in the same period last year, with exchange gains of
Balance Sheet and Cash Flow
Cash and cash equivalents were
Trade receivables for the second quarter were
Inventory was
Cash flow from operating activities was an inflow of
We encourage shareholders to visit the Company's website for further information (www.apwcc.com). Information on the Company's website or any other website does not constitute a portion of this release.
About Asia Pacific Wire & Cable Corporation Limited
Asia Pacific Wire & Cable Corporation Limited is a holding company incorporated in Bermuda with principal executive offices in Taiwan that operates its business through subsidiaries primarily engaged in the manufacture and distribution of enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People’s Republic of China, Hong Kong and certain other markets in the Asia Pacific region. The Company also engages in the distribution of certain wire and cable products manufactured by its controlling shareholder, Pacific Electric Wire & Cable Co., Ltd., and certain third parties. The Company also provides project engineering services in the supply, delivery and installation of power cable. The Company’s major customers include appliance component manufacturers, electrical contracting firms, state owned entities, and wire and cable dealers and factories.
Safe Harbor Statement
This release contains certain “forward-looking statements” relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “anticipates”, “expects”, “estimates”, “intends”, “plans” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as believed, anticipated, expected, estimated, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company, or to persons acting on its behalf, are expressly qualified in their entirety by these factors, other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
| Investor Relations Contact: |
| Pacific Holdings Group |
| 2901 Dallas Parkway, Suite 360 |
| Plano, TX 75093 |
| Attn: Paul Weber |
| Phone: (469) 797-7191 |
| Email: pweber@pusa.com |
| ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||||||||
| CONSOLIDATED INCOME STATEMENTS | |||||||||||||||||
| (Unaudited) | |||||||||||||||||
| (Amounts in thousands of US Dollars, except share data) | |||||||||||||||||
| For the three months | For the Nine months | ||||||||||||||||
| ended September 30, | ended September 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| US$'000 | US$'000 | US$'000 | US$'000 | ||||||||||||||
| Revenue | $ | 128,399 | $ | 122,233 | $ | 355,892 | $ | 336,563 | |||||||||
| Cost of sales | (117,271 | ) | (112,980 | ) | (332,491 | ) | (313,828 | ) | |||||||||
| Gross profit | 11,128 | 9,253 | 23,401 | 22,735 | |||||||||||||
| Other operating income | 155 | 186 | 382 | 1,167 | |||||||||||||
| Selling, general and administrative expenses | (7,302 | ) | (6,574 | ) | (20,162 | ) | (19,045 | ) | |||||||||
| Other operating expenses | — | — | (1 | ) | — | ||||||||||||
| Net impairment loss on financial and contract assets | (181 | ) | 371 | (75 | ) | (380 | ) | ||||||||||
| Operating profit | 3,800 | 3,236 | 3,545 | 4,477 | |||||||||||||
| Finance costs | (529 | ) | (663 | ) | (1,506 | ) | (1,828 | ) | |||||||||
| Finance income | 41 | 66 | 107 | 163 | |||||||||||||
| Share of loss of associates | — | (1 | ) | (1 | ) | (2 | ) | ||||||||||
| Exchange gain | 69 | 715 | 674 | 864 | |||||||||||||
| Other income | 146 | 183 | 252 | 426 | |||||||||||||
| Other expense | 49 | (68 | ) | (31 | ) | (275 | ) | ||||||||||
| Profit before tax | 3,576 | 3,468 | 3,040 | 3,825 | |||||||||||||
| Income tax expense | (1,088 | ) | (956 | ) | (1,489 | ) | (1,353 | ) | |||||||||
| Profit for the period | $ | 2,488 | $ | 2,512 | $ | 1,551 | $ | 2,472 | |||||||||
| Attributable to: | |||||||||||||||||
| Equity holders of the parent | 1,061 | 1,408 | 160 | 898 | |||||||||||||
| Non-controlling interests | 1,427 | 1,104 | 1,391 | 1,574 | |||||||||||||
| 2,488 | 2,512 | 1,551 | 2,472 | ||||||||||||||
| Basic and diluted profit per share | $ | 0.05 | $ | 0.06 | $ | 0.01 | $ | 0.04 | |||||||||
| Basic and diluted weighted average common shares outstanding | 20,616,227 | 20,616,227 | 20,616,227 | 20,616,227 | |||||||||||||
| ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||||||||
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||||||||||||||
| (Unaudited) | |||||||||||||||||
| (Amounts in thousands of US Dollars, except share data) | |||||||||||||||||
| For the three months | For the Nine months | ||||||||||||||||
| ended September 30, | ended September 30, | ||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||
| US$'000 | US$'000 | US$'000 | US$'000 | ||||||||||||||
| Profit for the period | 2,488 | 2,512 | 1,551 | 2,472 | |||||||||||||
| Other comprehensive income | |||||||||||||||||
| Cumulative translation differences reclassified to profit or loss on liquidation of a subsidiary | — | — | — | — | |||||||||||||
| 695 | 19,262 | 11,741 | 8,973 | ||||||||||||||
| Other comprehensive income/(loss) not to be reclassified to profit or loss in subsequent periods: | |||||||||||||||||
| Changes in the fair value of equity instruments measured at FVOCI | 558 | 137 | 540 | 390 | |||||||||||||
| Income tax effect | (112 | ) | (27 | ) | (108 | ) | (78 | ) | |||||||||
| 446 | 110 | 432 | 312 | ||||||||||||||
| Re-measuring losses on defined benefit plans | (6 | ) | (78 | ) | (60 | ) | (37 | ) | |||||||||
| Income tax effect | 1 | 15 | 12 | 7 | |||||||||||||
| (5 | ) | (63 | ) | (48 | ) | (30 | ) | ||||||||||
| Other comprehensive income for the year, net of tax | 1,136 | 19,309 | 12,125 | 9,255 | |||||||||||||
| Total comprehensive income for the period, net of tax | 3,624 | 21,821 | 13,676 | 11,727 | |||||||||||||
| Attributable to: | |||||||||||||||||
| Equity holders of the parent | 1,692 | 13,761 | 8,811 | 6,648 | |||||||||||||
| Non-controlling interests | 1,932 | 8,060 | 4,865 | 5,079 | |||||||||||||
| $ | 3,624 | $ | 21,821 | $ | 13,676 | $ | 11,727 | ||||||||||
| ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||
| CONSOLIDATED BALANCE SHEETS | |||
| As of September 30, 2025 (Unaudited) | As of December 31, 2024 (Audited) | ||
| US$'000 | US$'000 | ||
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | 35,274 | 34,035 | |
| Financial assets at fair value through profit or loss | — | — | |
| Trade receivables | 97,369 | 102,789 | |
| Other receivables | 2,883 | 1,257 | |
| Contract assets | 4,086 | 688 | |
| Due from related parties | 1,732 | 607 | |
| Inventories | 137,436 | 126,814 | |
| Prepayments | 3,936 | 3,195 | |
| Assets classified as held for sale | 767 | 747 | |
| Other current assets | 3,363 | 1,529 | |
| 286,846 | 271,661 | ||
| Non-current assets | |||
| Financial assets at fair value through other comprehensive income | 3,685 | 3,069 | |
| Property, plant and equipment | 53,633 | 52,227 | |
| Right of use assets | 3,134 | 2,420 | |
| Investment properties | 525 | 504 | |
| Intangible assets | 78 | 110 | |
| Investments in associates | 854 | 807 | |
| Deferred tax assets | 5,880 | 6,684 | |
| Other non-current assets | 3,195 | 2,378 | |
| 70,984 | 68,199 | ||
| Total assets | 357,830 | 339,860 | |
| ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||
| CONSOLIDATED BALANCE SHEETS | |||||
| As of September 30, 2025 (Unaudited) | As of December 31, 2024 (Audited) | ||||
| US$'000 | US$'000 | ||||
| Liabilities | |||||
| Current liabilities | |||||
| Interest-bearing loans and borrowings | 39,627 | 24,098 | |||
| Trade and other payables | 49,474 | 57,220 | |||
| Due to related parties | 6,075 | 9,715 | |||
| Financial liabilities at fair value through profit or loss | 31 | 21 | |||
| Accruals | 8,149 | 8,246 | |||
| Current tax liabilities | 554 | 1,624 | |||
| Employee benefit liabilities | 1,166 | 2,178 | |||
| Financial lease liabilities | 1,148 | 648 | |||
| Other current liabilities | 6,906 | 4,272 | |||
| 113,130 | 108,022 | ||||
| Non-current liabilities | |||||
| Interest-bearing loans and borrowings | 1,741 | 4,872 | |||
| Employee benefit liabilities | 7,602 | 5,908 | |||
| Lease liabilities | 1,699 | 1,425 | |||
| Deferred tax liabilities | 4,158 | 4,079 | |||
| Other non-current liabilities | 757 | 189 | |||
| 15,957 | 16,473 | ||||
| Total liabilities | 129,087 | 124,495 | |||
| Equity | |||||
| Issued capital | 206 | 206 | |||
| Additional paid-in capital | 118,103 | 118,103 | |||
| Treasury shares | (38 | ) | (38 | ) | |
| Retained earnings | 61,577 | 61,417 | |||
| Other components of equity | (16,079 | ) | (24,730 | ) | |
| Equity attributable to equity holders of the parent | 163,769 | 154,958 | |||
| Non-controlling interests | 64,974 | 60,407 | |||
| Total equity | 228,743 | 215,365 | |||
| Total liabilities and equity | 357,830 | 339,860 | |||
| ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||||||
| (Unaudited) | |||||||||||||||
| For the three months | For the nine months | ||||||||||||||
| ended September 30, | ended September 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||
| US$'000 | US$'000 | US$'000 | US$'000 | ||||||||||||
| Net cash provided by/(used in) operating activities | $ | 11,585 | $ | 13,619 | $ | (5,877 | ) | $ | 2,851 | ||||||
| Net cash used in investing activities | (992 | ) | (1,411 | ) | (3,958 | ) | (2,208 | ) | |||||||
| Net cash (used in)/provided by financing activities | (10,262 | ) | (14,511 | ) | 9,350 | (5,419 | ) | ||||||||
| Effect of exchange rate | (25 | ) | 3,053 | 1,724 | 1,209 | ||||||||||
| Net increase/(decrease) in cash and cash equivalents | 306 | 750 | 1,239 | (3,567 | ) | ||||||||||
| Cash and cash equivalents at beginning of period | 34,968 | 33,653 | 34,035 | 37,970 | |||||||||||
| Cash and cash equivalents at end of period | $ | 35,274 | $ | 34,403 | $ | 35,274 | $ | 34,403 | |||||||
FAQ
What were APWC Q3 2025 revenue and EPS on Nov 14, 2025?
Why did APWC's net income narrow in Q3 2025 compared with Q3 2024 (APWC)?
How did copper volumes and prices affect APWC Q3 2025 results (APWC)?
What drove APWC revenue growth in Q3 2025 (APWC)?
What cash and working capital changes did APWC report for Q3 2025 (APWC)?
How did APWC's operating profit trend in Q3 2025 versus prior periods (APWC)?
