Synnex(2347) reported consolidated revenue of NT$426.0 billion for 2024, marking a new all-time high with an 8% year-over-year increase. Gross profit, operating income, and pre-tax profit also reached record levels. After-tax net profit surged 26% to NT$9.2 billion, with earnings per share (EPS) rising to NT$5.52. The Board has approved a cash dividend of NT$4.0 per share.

In 2024, Synnex delivered strong profitability across all key financial metrics. Gross profit hit record high for four consecutive quarters, totaling NT$18.6 billion for the year, with a gross margin of 4.38%. Operating expenses continued to decline, bringing the expense ratio down to a historic low of 2.02%. This efficiency gain helped operating income surpass the NT$10 billion mark for the first time, growing a 16% year-over-year, with an operating margin of 2.35%—the highest on record.

Pre-tax profit reached NT$12.4 billion, up 17% year-over-year, while after-tax net profit stood at NT$9.2 billion, with a net margin of 2.16%—both the second-highest in the company's history. EPS climbed 26% to NT$5.52. The Board has approved a cash dividend of NT$4.0 per share, reflecting a payout ratio of 72% and a dividend yield of 5.9% based on the latest closing price.

Looking ahead to 2025, despite macroeconomic uncertainties, the ICT industry is expected to benefit from several growth drivers. These include the accelerated adoption and cost reduction of AI servers and applications, continued enterprise investments in IT infrastructure, the PC upgrade cycle driven by Microsoft's end of support for Windows 10, and increasing AI integration in smartphones, stimulating upgrade demand. With Synnex's ongoing efforts to enhance operational efficiency and profitability, the company remains optimistic that both revenue and profit will continue to surpass last year's performance.