Revenue: 11,194,839,000 TWD; YoY +77.82%; QoQ +16.68%. Explanation: Revenue benefited from recovering passenger demand and higher load factors, supported by network normalization and fare mix improvements. Gross Profit: 2,418,459,000 TWD; YoY +132.34%; QoQ +16.84%. Margin: 21.6% (Gross Profit / Revenue = 2,418,459,000 / 11,194,839,000). Explanation: Margin expansion driven by volume leverage and better product mix as capacity returns; cost of revenue totaled 8,776,380,000 TWD, implying ongoing fixed-cost absorption benefiting from higher volumes.
EBITDA: 1,889,593,000 TWD; EBITDA Margin: 16.88%. Explanation: EBITDA growth signals operating efficiency improvements and depreciation/amortization parsing (702,638,000 TWD) consistent with a capital-intensive airline asset base.
Operating Income: 1,186,955,000 TWD; Operating Margin: 10.60%; YoY +722.01%; QoQ N/A. Explanation: Strong operating leverage as revenue growth outpaced operating expense growth; total operating expenses were 1,231,504,000 TWD (SG&A) plus other cost lines, with operating income reflecting substantial margin expansion YoY.
Net Income: 914,883,000 TWD; Net Margin: 8.17%; YoY +1,104.63% (per the provided earnings metrics); QoQ +44.08%. Explanation: Positive earnings driven by top-line expansion and improved operating leverage; non-operating items and interest costs remain relevant given the airline’s asset-intensive profile.
EPS (Diluted): 0.30 TWD; YoY +788.07%; QoQ +20.00%. Weighted Average Shares Outstanding: 3,008,741,264. Interest expense: 304,281,000 TWD; Depreciation & Amortization: 702,638,000 TWD. Cost of Revenue: 8,776,380,000 TWD; Operating Expenses: 1,231,504,000 TWD. Net income before tax: 863,891,000 TWD; Income tax expense: 50,992,000 TWD. Earnings yield metrics reflect a healthier profitability profile in QQ1 2025 versus prior periods.