Ubiqconn Technology (stock code: 6928) reported non-audited revenue of NT$212,027 thousand for March 2025. Representing 15% growth compared to the previous month and 8% increase compared to the same period last year. The company reported first quarter of 2025 cumulative revenue of NT$611,114 thousand, representing a 18% YOY increase.
Driven by recovering demand from maritime customers and stronger shipment momentum, revenue from the maritime segment increased by 4% month-over-month in March and grew by 39% compared to the same period last year. For the period from January to March, cumulative revenue from the maritime segment surged by 91% year-over-year.Revenue from high-margin branded products also rose by 9% month-over-month in March, as orders gradually returned, indicating signs of market recovery. However, the company remains cautious and will continue to closely evaluate the potential impact of evolving international trade policies.
From a regional perspective, Europe accounted for the highest share of both March and year-to-date revenue. Revenue from the European market grew by 36% year-over-year in March, with cumulative revenue for the first quarter rising by 77%, reflecting the success of the Company’s market expansion strategy in the region.Other regions, including the Americas (United States included), also delivered steady cumulative revenue growth. However, revenue growth in the Asia region (including Taiwan) was relatively slower, mainly due to adjustments in regional product mix and shipment timing. Given the number of short-term uncertainties in the Asian market, the Company maintains a cautious and neutral outlook for the region.
Overall,the revenue performance in March 2025 met expectations. Both cumulative and monthly revenue from the maritime segment showed growth compared to the same period last year, while revenue from high-margin branded products gradually stabilized. From a regional perspective, Europe, the Americas (including the United States), and other non-Asian regions all experienced growth.
Although Ubiqconn Technology (stock code: 6928) reported both year-over-year and month-over-month revenue growth, the company remains cautious due to the fast-changing global economic and trade conditions. Ubiqconn Technology (stock code: 6928) will continue to monitor future demand fluctuations and focus on optimizing operational efficiency and product portfolio to improve profitability, while remaining agile to respond to market changes.