NASDAQ : APWC
Asia Pacific Wire & Cable Corporation Limited — Financial statements
Industrials · Electrical Equipment & Parts · Taiwan
Last price 1.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 47.83M
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Financial statements
Asia Pacific Wire & Cable Corporation Limited (APWC) reported revenue of 529.68M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 529.68M | 489.68M | 472.67M | 425.77M | 433.89M | 476.66M |
| Cost of Revenue | 485.84M | 455.25M | 437.58M | 395.55M | 401.36M | 455.51M |
| Gross Profit | 43.84M | 34.43M | 35.09M | 30.23M | 32.53M | 21.15M |
| Selling, General & Admin | 30.97M | 28.50M | 25.86M | 24.47M | 24.98M | 26.48M |
| Other Operating Expenses | -438.00K | -440.00K | -529.00K | -394.00K | -380.00K | -269.00K |
| Operating Expenses | 30.68M | 28.20M | 25.91M | 28.72M | 25.11M | 26.43M |
| Operating Income | 13.16M | 6.22M | 9.19M | 1.51M | 7.42M | -5.28M |
| Interest Expense | -1.59M | -1.77M | -2.17M | -2.40M | -1.49M | -1.10M |
| Interest & Investment Income | 485.00K | 248.00K | 304.00K | 302.00K | 217.00K | 229.00K |
| Earnings From Equity Investments | -2.00K | -2.00K | -2.00K | -2.00K | -1.00K | -1.00K |
| Currency Exchange Gain (Loss) | 848.00K | 861.00K | 823.00K | 679.00K | 143.00K | -4.42M |
| Other Non Operating Income (Expenses) | 264.00K | 337.00K | 409.00K | 336.00K | 627.00K | 410.00K |
| EBT Excluding Unusual Items | 13.17M | 5.90M | 8.55M | 425.00K | 6.92M | -10.17M |
| Gain (Loss) on Sale of Investments | 1.69M | 662.00K | ||||
| Gain (Loss) on Sale of Assets | 152.00K | 152.00K | 824.00K | 39.00K | 643.00K | 318.00K |
| Asset Writedown | -7.00K | |||||
| Pretax Income | 15.02M | 6.72M | 9.38M | 464.00K | 7.57M | -9.86M |
| Income Tax Expense | 3.61M | 1.50M | 2.81M | 162.00K | 2.81M | -1.34M |
| Earnings From Continuing Operations | 11.40M | 5.21M | 6.57M | 302.00K | 4.76M | -8.51M |
| Minority Interest in Earnings | -4.62M | -1.54M | -3.08M | 3.56M | -883.00K | 5.87M |
| Net Income | 6.78M | 3.67M | 3.49M | 3.87M | 3.87M | -2.64M |
| Net Income to Common | 6.78M | 3.67M | 3.49M | 3.87M | 3.87M | -2.64M |
| Shares Outstanding (Basic) | 27.74M | 20.62M | 20.62M | 20.02M | 20.02M | 13.82M |
| Shares Outstanding (Diluted) | 27.74M | 20.62M | 20.62M | 20.02M | 20.02M | 13.82M |
| EPS (Basic) | 0.24 | 0.18 | 0.17 | 0.19 | 0.19 | -0.19 |
| EPS (Diluted) | 0.24 | 0.18 | 0.17 | 0.19 | 0.19 | -0.19 |
| Free Cash Flow | -10.02M | -11.09M | 20.08M | -10.34M | 2.82M | -50.16M |
| Free Cash Flow Per Share | -0.36 | -0.54 | 0.97 | -0.52 | 0.14 | -3.63 |
| Gross Margin | 8.28% | 7.03% | 7.42% | 7.10% | 7.50% | 4.44% |
| Operating Margin | 2.48% | 1.27% | 1.94% | 0.35% | 1.71% | -1.11% |
| Profit Margin | 1.28% | 0.75% | 0.74% | 0.91% | 0.89% | -0.55% |
| Free Cash Flow Margin | -1.89% | -2.27% | 4.25% | -2.43% | 0.65% | -10.52% |
| EBITDA | 19.12M | 11.95M | 14.44M | 6.88M | 12.53M | -498.00K |
| EBITDA Margin | 3.61% | 2.44% | 3.06% | 1.62% | 2.89% | -0.10% |
| D&A For EBITDA | 5.96M | 5.72M | 5.26M | 5.37M | 5.11M | 4.79M |
| EBIT | 13.16M | 6.22M | 9.19M | 1.51M | 7.42M | -5.28M |
| EBIT Margin | 2.48% | 1.27% | 1.94% | 0.35% | 1.71% | -1.11% |
| Effective Tax Rate | 24.05% | 22.38% | 29.96% | 34.91% | 37.12% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 64.58M | 33.16M | 34.03M | 37.97M | 54.02M | 44.51M |
| Cash & Short-Term Investments | 64.58M | 33.16M | 34.03M | 37.97M | 54.02M | 44.51M |
| Accounts Receivable | 125.06M | 114.96M | 103.88M | 120.07M | 105.06M | 128.69M |
| Other Receivables | 227.00K | 1.16M | 1.46M | 1.87M | 2.78M | 2.87M |
| Receivables | 125.28M | 116.12M | 105.34M | 121.94M | 107.85M | 131.56M |
| Inventory | 171.28M | 151.51M | 126.81M | 128.23M | 130.61M | 128.80M |
| Prepaid Expenses | 3.49M | 3.12M | 3.19M | 2.60M | 3.34M | 2.53M |
| Other Current Assets | 7.00M | 5.18M | 2.28M | 4.22M | 3.71M | 4.62M |
| Total Current Assets | 371.63M | 309.10M | 271.66M | 294.95M | 299.52M | 312.00M |
| Property, Plant & Equipment | 53.52M | 56.56M | 54.65M | 52.77M | 54.15M | 57.81M |
| Long-Term Investments | 4.13M | 6.31M | 5.13M | 5.17M | 3.71M | 5.49M |
| Other Intangible Assets | 44.00K | 65.00K | 110.00K | 124.00K | 139.00K | 129.00K |
| Long-Term Deferred Tax Assets | 5.73M | 6.17M | 6.68M | 7.80M | 7.14M | 7.24M |
| Other Long-Term Assets | 5.13M | 3.49M | 1.62M | 5.86M | 6.36M | 6.75M |
| Total Assets | 440.19M | 381.69M | 339.86M | 366.66M | 371.02M | 389.43M |
| Accounts Payable | 54.76M | 54.54M | 54.45M | 47.12M | 44.07M | 42.50M |
| Accrued Expenses | 7.18M | 13.64M | 10.48M | 17.10M | 23.20M | 25.39M |
| Short-Term Debt | 34.14M | 18.25M | 41.54M | 45.52M | 59.98M | |
| Current Portion of Long-Term Debt | 58.45M | 7.69M | 5.85M | 12.19M | 58.00K | 2.11M |
| Current Portion of Leases | 1.03M | 1.11M | 648.00K | 638.00K | 627.00K | 571.00K |
| Current Income Taxes Payable | 2.20M | 644.00K | 1.62M | 2.12M | 2.43M | 3.39M |
| Current Unearned Revenue | 4.48M | 2.11M | 3.69M | 1.32M | 612.00K | |
| Other Current Liabilities | 32.11M | 15.59M | 14.61M | 16.16M | 16.36M | 27.64M |
| Total Current Liabilities | 155.73M | 131.82M | 108.02M | 140.57M | 133.60M | 162.19M |
| Long-Term Debt | 510.00K | 4.87M | 12.15M | 3.30M | ||
| Long-Term Leases | 1.04M | 1.47M | 1.43M | 1.45M | 1.95M | 1.92M |
| Pension & Post-Retirement Benefits | 7.62M | 6.52M | 5.91M | 6.00M | 7.69M | 8.59M |
| Long-Term Deferred Tax Liabilities | 4.51M | 4.24M | 4.08M | 3.84M | 4.20M | 4.11M |
| Other Long-Term Liabilities | 828.00K | 175.00K | 189.00K | 188.00K | ||
| Total Liabilities | 169.72M | 144.74M | 124.50M | 152.04M | 159.59M | 180.11M |
| Common Stock | 413.00K | 206.00K | 206.00K | 206.00K | 206.00K | 138.00K |
| Additional Paid-In Capital | 151.97M | 118.10M | 118.10M | 118.10M | 118.10M | 110.25M |
| Retained Earnings | 67.30M | 65.09M | 61.42M | 57.93M | 54.06M | 50.19M |
| Treasury Stock | -38.00K | -38.00K | -38.00K | -38.00K | -38.00K | -38.00K |
| Comprehensive Income & Other | -15.00M | -13.07M | -24.73M | -19.14M | -20.74M | -13.04M |
| Total Common Equity | 204.65M | 170.29M | 154.96M | 157.06M | 151.59M | 147.50M |
| Minority Interest | 65.81M | 66.66M | 60.41M | 57.56M | 59.83M | 61.82M |
| Shareholders' Equity | 270.46M | 236.95M | 215.37M | 214.62M | 211.43M | 209.32M |
| Total Liabilities & Equity | 440.19M | 381.69M | 339.86M | 366.66M | 371.02M | 389.43M |
| Total Debt | 60.52M | 44.92M | 31.04M | 55.82M | 60.30M | 67.87M |
| Net Cash (Debt) | 4.07M | -11.76M | 2.99M | -17.85M | -6.29M | -23.37M |
| Net Cash Per Share | 0.15 | -0.57 | 0.15 | -0.89 | -0.31 | -1.69 |
| Filing Date Shares Outstanding | 41.23M | 20.62M | 20.62M | 20.62M | 20.62M | 20.62M |
| Total Common Shares Outstanding | 41.23M | 20.62M | 20.62M | 20.62M | 20.62M | 13.82M |
| Working Capital | 215.91M | 177.28M | 163.64M | 154.38M | 165.93M | 149.81M |
| Book Value Per Share | 4.96 | 8.26 | 7.52 | 7.62 | 7.35 | 10.67 |
| Tangible Book Value | 204.60M | 170.23M | 154.85M | 156.94M | 151.46M | 147.37M |
| Tangible Book Value Per Share | 4.96 | 8.26 | 7.51 | 7.61 | 7.35 | 10.66 |
| Land | 8.66M | 7.85M | 5.79M | 5.72M | 6.02M | |
| Buildings | 66.13M | 59.65M | 59.69M | 58.78M | 54.93M | |
| Machinery | 113.91M | 105.06M | 104.19M | 104.02M | 101.19M | |
| Construction In Progress | 206.00K | 1.18M | 2.84M | 1.41M | 16.81M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.78M | 3.67M | 3.49M | 3.87M | 3.87M | -2.64M |
| Depreciation & Amortization | 6.86M | 6.86M | 6.02M | 6.16M | 5.79M | 5.45M |
| Other Amortization | 58.00K | 58.00K | 65.00K | 54.00K | 45.00K | 47.00K |
| Loss (Gain) From Sale of Assets | -152.00K | -152.00K | -824.00K | -39.00K | -643.00K | -318.00K |
| Asset Writedown & Restructuring Costs | 7.00K | |||||
| Loss (Gain) From Sale of Investments | -662.00K | -662.00K | ||||
| Loss (Gain) on Equity Investments | 2.00K | 2.00K | 2.00K | 2.00K | 1.00K | 1.00K |
| Provision & Write-off of Bad Debts | 140.00K | 140.00K | 582.00K | 4.64M | 508.00K | 220.00K |
| Other Operating Activities | -2.56M | -522.00K | 4.95M | -16.35M | -1.07M | 4.86M |
| Change in Accounts Receivable | -744.00K | -744.00K | 11.45M | -22.24M | 15.77M | -27.13M |
| Change in Inventory | -12.61M | -12.61M | -2.35M | 13.92M | -4.39M | -53.86M |
| Change in Accounts Payable | 1.83M | 1.83M | -2.27M | 6.66M | -14.04M | 28.90M |
| Change in Other Net Operating Assets | -5.63M | -5.63M | 3.19M | -2.76M | 718.00K | 2.86M |
| Operating Cash Flow | -6.68M | -7.75M | 24.30M | -6.09M | 6.57M | -41.61M |
| Capital Expenditures | -3.34M | -3.34M | -4.22M | -4.25M | -3.75M | -8.55M |
| Sale of Property, Plant & Equipment | 210.00K | 210.00K | 962.00K | 168.00K | 445.00K | 399.00K |
| Sale (Purchase) of Intangibles | -8.00K | -8.00K | -54.00K | -40.00K | -62.00K | -4.00K |
| Sale (Purchase) of Real Estate | 289.00K | |||||
| Investment in Securities | -1.14M | -1.14M | -64.00K | -734.00K | 419.00K | 2.00M |
| Other Investing Activities | 911.00K | 11.00K | ||||
| Investing Cash Flow | -3.37M | -4.27M | -3.37M | -4.86M | -2.65M | -6.15M |
| Long-Term Debt Issued | 18.18M | 2.10M | 2.80M | 22.17M | 63.91M | |
| Total Debt Issued | 18.18M | 18.18M | 2.10M | 2.80M | 22.17M | 63.91M |
| Short-Term Debt Repaid | -6.00M | |||||
| Long-Term Debt Repaid | -8.68M | -26.36M | -7.95M | -19.89M | -12.45M | |
| Lease Payments | -1.07M | -1.07M | -736.00K | -691.00K | -616.00K | -632.00K |
| Total Debt Repaid | -8.68M | -8.68M | -26.36M | -7.95M | -19.89M | -18.45M |
| Net Debt Issued (Repaid) | 9.50M | 9.50M | -24.26M | -5.15M | 2.27M | 45.46M |
| Issuance of Common Stock | 7.92M | |||||
| Other Financing Activities | 31.02M | -435.00K | -1.00K | -357.00K | -565.00K | -3.05M |
| Financing Cash Flow | 40.52M | 9.07M | -24.26M | -5.50M | 9.63M | 42.41M |
| Foreign Exchange Rate Adjustments | -855.00K | 2.08M | -604.00K | 408.00K | -2.04M | -4.37M |
| Net Cash Flow | 29.62M | -872.00K | -3.94M | -16.05M | 11.51M | -9.72M |
| Free Cash Flow | -10.02M | -11.09M | 20.08M | -10.34M | 2.82M | -50.16M |
| Free Cash Flow Margin | -1.89% | -2.27% | 4.25% | -2.43% | 0.65% | -10.52% |
| Free Cash Flow Per Share | -0.36 | -0.54 | 0.97 | -0.52 | 0.14 | -3.63 |
| Levered Free Cash Flow | -14.86M | -26.34M | 22.63M | -11.31M | 15.58M | -35.83M |
| Unlevered Free Cash Flow | -13.87M | -25.24M | 23.99M | -9.81M | 16.51M | -35.15M |
| Free Cash Flow After Leases | -11.09M | -12.16M | 19.35M | -11.04M | 2.20M | -50.79M |
| Cash Interest Paid | 1.79M | 1.79M | 2.19M | 2.38M | 1.48M | 1.08M |
| Cash Income Tax Paid | 1.46M | 1.46M | 1.11M | 2.32M | 3.96M | 3.77M |
| Change in Working Capital | -17.15M | -17.15M | 10.02M | -4.42M | -1.94M | -49.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 47.83M | 38.45M | 30.33M | 25.83M | 29.69M | 28.19M |
| Enterprise Value | 43.76M | 112.36M | 111.15M | 94.19M | 89.13M | 121.72M |
| Last Close Price | 1.16 | 1.86 | 1.47 | 1.25 | 1.44 | 2.04 |
| PE Ratio | 4.74 | 10.48 | 8.70 | 6.68 | 7.66 | |
| PS Ratio | 0.09 | 0.08 | 0.06 | 0.06 | 0.07 | 0.06 |
| PB Ratio | 0.23 | 0.16 | 0.14 | 0.12 | 0.14 | 0.14 |
| P/TBV Ratio | 0.23 | 0.23 | 0.20 | 0.17 | 0.20 | 0.19 |
| P/FCF Ratio | 1.51 | 10.53 | ||||
| P/OCF Ratio | 1.25 | 4.52 | ||||
| EV/Sales Ratio | 0.08 | 0.23 | 0.23 | 0.22 | 0.20 | 0.26 |
| EV/EBITDA Ratio | 2.29 | 9.40 | 7.70 | 13.70 | 7.11 | |
| EV/EBIT Ratio | 3.32 | 18.05 | 12.10 | 62.42 | 12.01 | |
| EV/FCF Ratio | 5.54 | 31.61 | ||||
| Debt / Equity Ratio | 0.22 | 0.19 | 0.14 | 0.26 | 0.28 | 0.32 |
| Debt / EBITDA Ratio | 2.99 | 3.43 | 2.04 | 7.28 | 4.56 | 416.40 |
| Debt / FCF Ratio | 1.55 | 21.39 | ||||
| Net Debt / Equity Ratio | -0.01 | 0.05 | -0.01 | 0.08 | 0.03 | 0.11 |
| Net Debt / EBITDA Ratio | -0.21 | 0.98 | -0.21 | 2.60 | 0.50 | -46.92 |
| Net Debt / FCF Ratio | 0.41 | -1.06 | -0.15 | -1.73 | 2.23 | -0.47 |
| Asset Turnover | 1.32 | 1.36 | 1.34 | 1.15 | 1.14 | 1.31 |
| Inventory Turnover | 3.08 | 3.27 | 3.43 | 3.06 | 3.09 | 4.05 |
| Quick Ratio | 1.22 | 1.13 | 1.29 | 1.14 | 1.21 | 1.09 |
| Current Ratio | 2.39 | 2.35 | 2.52 | 2.10 | 2.24 | 1.92 |
| Return on Equity (ROE) | 4.60% | 2.31% | 3.06% | 0.14% | 2.26% | -3.83% |
| Return on Assets (ROA) | 2.05% | 1.08% | 1.62% | 0.26% | 1.22% | -0.91% |
| Return on Invested Capital (ROIC) | 3.90% | 2.10% | 2.89% | 0.44% | 2.07% | -2.45% |
| Return on Capital Employed (ROCE) | 4.60% | 2.50% | 4.00% | 0.70% | 3.10% | -2.30% |
| Earnings Yield | 21.08% | 9.55% | 11.49% | 14.97% | 13.05% | -9.37% |
| FCF Yield | -20.95% | -28.85% | 66.20% | -40.05% | 9.50% | -177.92% |
| Buyback Yield / Dilution | -34.55% | -2.98% | -44.87% | |||
| Total Shareholder Return | -34.55% | -2.98% | -44.87% |