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APWC

Asia Pacific Wire & Cable Corporation Limited

APWC

Asia Pacific Wire & Cable Corporation Limited • NASDAQ
$1.69 ▼ -2.87% (-0.05)
Market Cap $34.84 M
52w High $2.34
52w Low $1.36
Dividend Yield 0%
P/E 12.07
Volume 14.03K
Outstanding Shares 20.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $128.399M ▲ $7.328M ▲ $1.061M ▲ 0.826% ▲ $0.051 ▲ $5.419M ▲
Q2-2025 $126.906M ▲ $6.126M ▼ $578K ▲ 0.455% ▲ $0.028 ▲ $3.998M ▲
Q1-2025 $113.746M ▼ $6.264M ▼ $-450.5K ▼ -0.396% ▼ $-0.022 ▼ $1.187M ▼
Q4-2024 $136.109M ▲ $6.829M ▲ $2.588M ▲ 1.901% ▲ $0.13 ▲ $5.892M ▲
Q3-2024 $122.233M $6.017M $1.408M 1.152% $0.068 $4.131M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $35.274M ▲ $357.83M ▼ $129.087M ▼ $163.769M ▲
Q2-2025 $34.971M ▲ $361.48M ▲ $136.364M ▲ $162.077M ▼
Q1-2025 $34.035M $0 ▼ $-215.365M ▼ $215.365M ▲
Q4-2024 $34.035M ▼ $339.86M ▼ $124.495M ▼ $154.958M ▼
Q3-2024 $34.403M $361.343M $134.997M $163.707M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.061M ▲ $11.585M ▲ $-992K ▼ $-10.262M ▼ $306K ▲ $11.585M ▲
Q2-2025 $0 ▲ $-15.454M ▼ $-919K ▲ $11.577M ▲ $-3.288M ▲ $-15.454M ▼
Q1-2025 $-450.5K ▼ $-8.731M ▼ $-1.483M ▼ $9.806M ▲ $-34.035M ▼ $-8.731M ▼
Q4-2024 $2.588M ▲ $21.314M ▲ $-1.166M ▲ $-18.732M ▼ $-368K ▼ $0 ▼
Q3-2024 $0 $13.619M $-1.411M $-14.511M $750K $13.619M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the past several years, with a mild upward tilt most recently rather than sharp growth. Profitability is thin but generally positive at the operating level, which is typical for a mature, competitive industrial manufacturer. Earnings have hovered around break‑even over the five‑year period, moving from small losses earlier in the decade to modest profits more recently. Overall, the income statement suggests a company that is stable and reasonably efficient, but without wide profit margins or strong earnings momentum.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively steady. Total assets have been broadly flat, suggesting the company is not aggressively expanding but maintaining its existing base. Cash levels are moderate, not excessive, and have edged down from earlier years, while debt has come down from its recent peak, easing financial risk. Shareholders’ equity has been quite stable, which points to a solid capital base and no major erosion of book value. Overall, financial leverage appears manageable rather than stretched.

Cash Flow

Cash Flow Cash generation has been uneven but generally acceptable for a cyclical industrial business. Most years show positive cash flow from operations, with the occasional year where working capital swings pull it into negative territory. Free cash flow has typically been slightly positive, helped by relatively low capital spending in recent years. This pattern suggests the business can usually fund itself, but cash flow is sensitive to inventory, receivables, and broader demand conditions, so it may fluctuate from year to year.

Competitive Edge

Competitive Edge APWC operates in a crowded and price‑sensitive wire and cable market, but it benefits from long experience, a broad product range, and an entrenched presence across several Asia‑Pacific countries. Its strong links to public sector projects and government contracts provide a more predictable base of demand than a pure private‑sector supplier might enjoy. The backing of a larger majority shareholder adds scale, technical know‑how, and sourcing advantages that smaller regional rivals may lack. The downside is that much of the core market is commoditized, which limits pricing power and keeps margins thin.

Innovation and R&D

Innovation and R&D The company is trying to move up the value chain by investing more in research and development, especially in specialized flat wire products used in modern electronics, vehicles, and compact equipment. This shift from standard commodity cables toward more customized, higher‑margin solutions is a notable strategic effort. New production facilities and expanded project engineering services point to a desire to offer complete solutions, not just products. The key uncertainty is execution: success depends on turning these R&D efforts into differentiated offerings that customers adopt at scale.

Summary

APWC comes across as a steady, asset‑based industrial business with modest profitability, a cautious balance sheet, and generally self‑funded operations. Its strengths lie in regional scale, long‑standing public sector relationships, and support from a larger parent company. The main financial and strategic challenge is operating in a low‑margin, competitive industry while trying to carve out higher‑value niches through innovation in specialized wire products and integrated project services. How well the company converts these initiatives into sustainable, higher‑quality earnings will likely shape its long‑term trajectory more than short‑term financial fluctuations.