Quarterly ResultMay 14, 2026, 10:01 AM
Asia Pacific Wire & Cable Q1 Revenue +30% to $130.8M; EPS $0.05
AI Summary
Asia Pacific Wire & Cable Corporation Limited announced strong financial results for the first quarter ended March 31, 2026. The company reported a 30% year-over-year increase in revenue to $130.8 million and a 171% year-over-year rise in EPS to $0.05. Gross profit and net income also saw significant year-over-year growth. Additionally, APWC successfully completed a rights offering, generating $34.1 million in net proceeds, which contributed to a substantial increase in cash and cash equivalents.
Key Highlights
- Q1 2026 revenue increased 30% year-over-year to $130.8 million.
- Q1 2026 EPS was $0.05, up 171% from a year ago.
- Gross profit grew 189% year-over-year to $10.7 million.
- Net income reached $1.4 million, a 193% increase year-over-year.
- North Asia revenue rose 26% year-over-year to $23.9 million.
- Thailand revenue surged 41% year-over-year to $51.2 million.
- Completed a rights offering, raising $34.1 million in net proceeds.
- Cash and cash equivalents increased by $40.1 million to $73.2 million.