Asia Pacific Wire & Cable Corporation Limited (APWC) Income Statement
APWC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAPWC revenue and net income
Where APWC's revenue goes
2025Each bar shows an amount and its share of revenue. APWC kept 0.7% of revenue as net income.
APWC profit margins
APWC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.6% | +4.1% | +9.3% | +2.3% |
| Gross profit | −1.9% | +1.9% | +0.3% | +3.9% |
| Operating income | −35.8% | −7.3% | −3.2% | — |
| Net income | +5.3% | −1.8% | — | — |
| EPS (diluted) | +22.6% | +26.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
APWC quarterly EPS vs estimates
Asia Pacific Wire & Cable beat the analyst EPS estimate in 2 of the last 2 quarters. Next report: November 13, 2026.
APWC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $489.7M | $472.7M | $425.8M | $433.9M | $476.7M | $313.6M | $338.2M | $425.9M | $425.2M | $384.6M |
| Cost of revenue | $455.3M | $437.6M | $395.5M | $401.4M | $455.5M | $279.7M | $313.4M | $389.7M | $385.5M | $353.0M |
| Gross profit | $34.4M | $35.1M | $30.2M | $32.5M | $21.2M | $33.9M | $24.8M | $36.2M | $39.7M | $31.6M |
| Sales, general & admin | $28.5M | $25.9M | $24.2M | $25.0M | $26.5M | $27.0M | $25.1M | $26.9M | $27.2M | $26.3M |
| Total operating expenses | $28.0M | $25.1M | $28.7M | $24.5M | $26.1M | $26.3M | $25.4M | $27.6M | $23.1M | $24.3M |
| Operating income | $6.4M | $10.0M | $1.5M | $8.1M | −$5.0M | $7.6M | −$649,000 | $8.7M | $16.6M | $7.3M |
| Interest income | $145,000 | $208,000 | $175,000 | $120,000 | $123,000 | $320,000 | $506,000 | $482,000 | $876,000 | $1.0M |
| Interest expense | $1.8M | $2.3M | $2.4M | $1.5M | $1.1M | $744,000 | $1.0M | $1.4M | $1.2M | $1.1M |
| Income before taxes | $6.7M | $9.4M | $464,000 | $7.6M | −$9.9M | $7.7M | $1.1M | $11.3M | $18.7M | $6.5M |
| Income taxes | $1.5M | $2.8M | $162,000 | $2.8M | −$1.3M | $4.0M | $2.1M | $3.9M | $5.1M | $510,000 |
| Net income | $3.7M | $3.5M | $3.9M | $3.9M | −$2.6M | −$552,000 | −$1.6M | $2.9M | $8.7M | $2.9M |
| EBITDA | $15.4M | $17.6M | $9.1M | $14.9M | −$3.3M | $13.7M | $7.3M | $17.7M | $24.9M | $13.9M |
| EPS (diluted) | $0.38 | $0.31 | $0.10 | $0.19 | −$0.19 | −$0.11 | −$0.15 | $0.28 | $0.41 | $0.53 |
| Gross margin | 7.0% | 7.4% | 7.1% | 7.5% | 4.4% | 10.8% | 7.3% | 8.5% | 9.3% | 8.2% |
| Operating margin | 1.3% | 2.1% | 0.4% | 1.9% | −1.0% | 2.4% | −0.2% | 2.0% | 3.9% | 1.9% |
| Net margin | 0.7% | 0.7% | 0.9% | 0.9% | −0.6% | −0.2% | −0.5% | 0.7% | 2.1% | 0.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $136.6M | $130.8M | $133.8M | $128.4M | $126.9M | $100.6M | $136.1M | $122.2M | $107.2M | $107.2M | $100.7M | $100.7M |
| Cost of revenue | $125.6M | $120.2M | $122.8M | $117.3M | $118.3M | $96.9M | $123.7M | $113.0M | $100.4M | $100.4M | $91.1M | $91.1M |
| Gross profit | $11.0M | $10.7M | $11.0M | $11.1M | $8.6M | $3.7M | $12.4M | $9.3M | $6.7M | $6.7M | $9.6M | $9.6M |
| Sales, general & admin | $7.7M | $7.6M | $8.3M | $7.3M | $6.4M | $6.4M | $6.8M | $6.6M | $6.2M | — | $6.6M | $6.9M |
| Total operating expenses | $7.7M | $7.5M | $131.0M | $7.1M | $6.2M | $6.4M | $6.8M | $6.0M | $6.1M | $6.1M | $6.7M | $97.8M |
| Operating income | $3.3M | $3.1M | $2.8M | $4.0M | $2.4M | −$2.8M | $5.5M | $3.2M | $620,500 | $620,500 | $2.9M | $2.9M |
| Interest income | $284,000 | $19,000 | $38,000 | $41,000 | $44,000 | $22,000 | $45,000 | $66,000 | $55,000 | — | $68,000 | $50,000 |
| Interest expense | $449,000 | $350,000 | $260,000 | $529,000 | $563,000 | $414,000 | $340,000 | $663,000 | $607,000 | $558,000 | $620,000 | $620,000 |
| Income before taxes | $3.6M | $4.2M | $3.7M | $3.6M | $2.1M | −$2.7M | $5.6M | $3.5M | $178,500 | $178,500 | $1.9M | $1.9M |
| Income taxes | $1.4M | $1.1M | — | $1.1M | $762,000 | −$361,000 | $1.5M | $956,000 | $198,500 | $198,500 | $273,000 | — |
| Net income | $781,000 | $1.4M | $3.5M | $1.1M | $578,000 | −$1.5M | $2.6M | $1.4M | −$255,000 | −$255,000 | $1.1M | $1.1M |
| EBITDA | $3.3M | $4.5M | $3.9M | $4.1M | $2.7M | −$2.2M | $5.9M | $4.1M | $2.3M | $2.3M | $2.6M | — |
| EPS (diluted) | $0.01 | $0.05 | $0.17 | $0.05 | $0.03 | $0.13 | $0.13 | $0.07 | −$0.02 | $0.13 | $0.05 | $0.00 |
| Gross margin | 8.1% | 8.2% | 8.2% | 8.7% | 6.8% | 3.6% | 9.1% | 7.6% | 6.3% | 6.3% | 9.5% | 9.5% |
| Operating margin | 2.5% | 2.4% | 2.1% | 3.1% | 1.9% | −2.8% | 4.1% | 2.6% | 0.6% | 0.6% | 2.9% | 2.9% |
| Net margin | 0.6% | 1.1% | 2.6% | 0.8% | 0.5% | −1.5% | 1.9% | 1.2% | −0.2% | −0.2% | 1.1% | 1.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in APWC's financial statements (latest annual report filed April 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
APWC financial results
In fiscal year 2025 (ended December 31, 2025), Asia Pacific Wire & Cable reported revenue of $489.7 million, up 3.6% from the year before. It had net income of $3.7 million (up 5.3%), a net profit margin of 0.7%. Diluted earnings per share came to $0.38. Over five years revenue grew at an average rate of 9.3% a year.
See the APWC stock overview for the latest quote and news, or the APWC chart for price history and technical indicators.
APWC income statement FAQ
What is Asia Pacific Wire & Cable's annual revenue?
Asia Pacific Wire & Cable reported total revenue of $489.7 million for fiscal year 2025, which ended on December 31, 2025. That was up 3.6% from $472.7 million the previous year.
Is Asia Pacific Wire & Cable profitable?
Yes. Asia Pacific Wire & Cable reported net income of $3.7 million in fiscal 2025, a net profit margin of 0.7%; its operating margin was 1.3%.
What is Asia Pacific Wire & Cable's gross margin?
Asia Pacific Wire & Cable's gross margin was 7.0% in fiscal 2025: for every $100 of revenue, Asia Pacific Wire & Cable kept $7 after the direct cost of its products and services.
How fast is Asia Pacific Wire & Cable growing?
Revenue grew 9.3% a year on average over the last five fiscal years, from $313.6 million to $489.7 million.
What are Asia Pacific Wire & Cable's earnings per share?
Asia Pacific Wire & Cable earned $0.38 per diluted share in fiscal 2025, compared with $0.31 a year earlier.
When will Asia Pacific Wire & Cable report its next earnings?
Asia Pacific Wire & Cable is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Asia Pacific Wire & Cable's fiscal year end?
Asia Pacific Wire & Cable's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 29, 2026.