Asia Pacific Wire & Cable(APWC) - 2025 Q3 - Quarterly Report

Financial Performance - Quarterly revenue was $128.4 million, up 1% from Q2 2025 and up 5% from Q3 2024[4] - Operating profit for the quarter was $3.8 million, up 19% from Q3 2024[4] - Net income was $1.1 million, down 21% from Q3 2024[4] - Gross profit margin improved to 8.7%, up from 6.8% in Q2 2025 and 7.6% in Q3 2024[10] Cash Flow and Liquidity - Cash flow from operating activities was an inflow of $11.6 million, representing a $27.0 million increase compared to the prior quarter[16] - Net cash provided by operating activities for the three months ended September 30, 2025, was $11.59 million, compared to $13.62 million for the same period in 2024, a decrease of approximately 14.9%[29] - Cash and cash equivalents at the end of the period increased to $35.27 million from $34.40 million, showing a growth of about 2.5%[29] - The company reported a net cash used in investing activities of $0.99 million for the three months ended September 30, 2025, compared to $1.41 million in 2024, a decrease of about 29.4%[29] Assets and Liabilities - As of September 30, 2025, total assets increased to $357.83 million from $339.86 million as of December 31, 2024, reflecting a growth of approximately 5.8%[26] - Current liabilities rose to $113.13 million from $108.02 million, an increase of about 4.2%[27] - Interest-bearing loans and borrowings in current liabilities increased to $39.63 million from $24.10 million, a significant rise of approximately 64.5%[27] - Trade receivables decreased to $97.37 million from $102.79 million, a decline of about 5.3%[26] Equity and Retained Earnings - Total equity attributable to equity holders of the parent increased to $163.77 million from $154.96 million, representing a rise of approximately 5.7%[27] - Retained earnings increased to $61.58 million from $61.42 million, a growth of approximately 0.3%[27] - Non-controlling interests rose to $64.97 million from $60.41 million, reflecting an increase of about 7.5%[27] Revenue by Region - Revenue from North Asia was $21.3 million, up 20% year-over-year[7] - Thailand revenue increased by 14% both year-over-year and sequentially, driven by public sector projects[8] Expenses - Total selling, general, and administrative expenses increased by 11.1% from the previous quarter, mainly due to higher R&D costs[12] Inventory - Inventory decreased by $7.0 million to $137.4 million, driven by higher public sector demand[15] Volume Metrics - Copper unit volume increased 2% from Q2 2025 and 12% from Q3 2024[2]