Dimerco Express Corporation (5609) convened a Board of Directors meeting on the 12th, during which the Board approved the reviewed consolidated financial report of 2024. The annual revenue totaled NT$28.947 billion, representing a 31.3% increase from the previous year. Net income was NT$955 million, marking a 6.7% decrease compared to the prior year. Earnings per share stood at NT$6.78, down by 6.3% year-over-year.
The Board also approved a cash dividend of NT$5.2 per share, with a payout ratio of 76.7%. Based on yesterday’s closing price of NT$82.5, the cash dividend yield stands at 6.3%. The Board will announce an ex-dividend date for the cash dividend distribution.
The international shipping and logistics market in 2024 faced significant challenges. The Russia-Ukraine war, the Red Sea crisis, and geopolitical conflicts in the Middle East not only disrupted regional stability but also caused fluctuations and increases in freight rates. These geopolitical tensions severely impacted the routing and cargo capacity arrangements of airlines and shipping companies, adding to operational difficulties. The dynamic global landscape and ever-changing market conditions have significantly increased both challenges and risks in business.
Despite these adversities, Dimerco’s global network of forwarding and logistics locations and cloud-based SCM international logistics service platform have enabled it to provide seamless, professional services. With clear market positioning by focusing on niche markets and differentiation, Dimerco’s extensive network of over 150 physical service locations has proven to be a competitive advantage. The implementation of the latest Information Security Management (ISM) and protection framework ensures that information security measures align with the development of digital transformation. With the development of Digital Transformation, Cloud Networking SCM Platform of Dimerco Value Plus System®, and Cyber Security Certification, Dimerco enhances not only supply chain value to customers and continuous business development with multiple high-quality multinational clients but also additional benefits and productivity to the worldwide network via application of Semi-Automation. Despite fluctuations and cost increases in the freight market, Dimerco maintained strong profitability in 2024.
In addition to enhancing profitability, Dimerco has long prioritized customer quality, carefully selecting premium customers and effectively managing accounts receivable. The company’s strong financial management has maintained an excellent financial structure. As of the end of December 2024, Dimerco’s current ratio stood at 2.68, significantly outperforming industry averages, reflecting exceptional liquidity and debt repayment capabilities. The company’s fixed assets account for only 8.7% of shareholders’ equity, demonstrating the flexibility and agility of its asset-light logistics model. Additionally, total liabilities represent only 33.4% of total assets, indicating a highly healthy and stable financial structure.
Looking ahead, the international shipping and logistics market faces ongoing challenges from factors such as U.S. tariff policies, the Russia-Ukraine war, the Red Sea crisis, and geopolitical conflicts in the Middle East, Dimerco’s competitive edge, derived from its physical network and virtual digital platform, will continue to drive success. With clear market positioning, the company will use digital marketing to promote value-added services in supply chain management, strengthening its ability to expand its business. Through ongoing digital transformation, semi-automation, and efforts to increase productivity and enhance service quality, Dimerco is poised to continue generating profits.
Spokesperson: Jack Ruan +886 921-062500 / +8862 2796-3660#222
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