GigaMedia Announces Third-Quarter 2025 Financial Results

TAIPEI, Oct. 30, 2025 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced its third-quarter 2025 unaudited financial results.

Comments from Management

In the third quarter of 2025, GigaMedia reported revenues of $0.92 million, with a gross profit of $0.46 million, an operating loss of $1.00 million and the net loss of $0.97 million.

The total revenues increased by 5.5% from $0.87 million last quarter, and increased 19.1% year-over-year from $0.77 million the same quarter last year, mainly due to effectively executed marketing strategies.

In the following quarter, we will be dedicating ourselves to developing products and services to address customers' needs and preferences more closely.

Third Quarter Overview

Unaudited Consolidated Financial Results

GigaMedia Limited is a diversified provider of digital entertainment services. GigaMedia's digital entertainment service business FunTown develops and operates a suite of digital entertainments in Taiwan and Hong Kong, with focus on mobile games and casual games.

Unaudited consolidated results of GigaMedia are summarized in the table below.

For the Third Quarter

GIGAMEDIA 3Q25 UNAUDITED CONSOLIDATED FINANCIAL RESULTS

(unaudited, all figures in US$ thousands, except per share

amounts)

3Q25

2Q25

Change

(%)

3Q25

3Q24

Change

(%)

Revenues

916

868

5.5

916

769

19.1

Gross Profit

458

477

(4.0)

458

372

23.1

Loss from Operations

(998)

(918)

(998)

(1,008)

Net Income (Loss) Attributable to GigaMedia

(971)

844

(971)

(320)

Earnings (Loss) Per Share Attributable to

GigaMedia, Diluted

(0.09)

0.08

(0.09)

(0.03)

EBITDA (A)

(1,371)

423

(1,371)

(810)

Cash, Cash Equivalents and Restricted Cash

29,386

31,186

(5.8)

29,386

35,328

(16.8)

NM= Not Meaningful

(A) EBITDA (earnings before interest, taxes, depreciation, and amortization) is provided as a supplement to results provided in accordance with U.S. generally accepted accounting principles ("GAAP"). (See, "Use of Non-GAAP Measures," for more details.)

Financial Position

GigaMedia maintained its solid financial position, with cash, cash equivalents and restricted cash amounting to $29.4 million as of September 30, 2025, or $2.66 per share.

Business Outlook

The following forward-looking statements reflect GigaMedia's expectations as of October 30, 2025. Given potential changes in economic conditions and consumer spending, the evolving nature of online games, and various other risk factors, including those discussed in the Company's 2024 Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission as referenced below, actual results may differ materially.

"For the following quarter, GigaMedia will continue the strategies of internally-driven growth by improving productivity of the existing games, executing effective marketing, and pursuing a steady expansion of customer base," stated GigaMedia CEO James Huang.

In the meantime, we will continue reviewing suitable prospects for strategic investment and acquisition targets to increase corporate growth and maximize shareholder value.

Use of Non-GAAP Measures

To supplement GigaMedia's consolidated financial statements presented in accordance with US GAAP, the Company uses the following measure defined as non-GAAP by the SEC: EBITDA. Management believes that EBITDA (earnings before interest, taxes, depreciation, and amortization) is a useful supplemental measure of performance because it excludes certain non-cash items such as depreciation and amortization and that EBITDA is a measure of performance used by some investors, equity analysts and others to make informed investment decisions. EBITDA is not a recognized earnings measure under GAAP and does not have a standardized meaning. Non-GAAP measures such as EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, other financial measures prepared in accordance with GAAP. A limitation of using EBITDA is that it does not include all items that impact the company's net income for the period. Reconciliations to the GAAP equivalents of the non-GAAP financial measures are provided on the attached unaudited financial statements.

About the Numbers in This Release

Quarterly results

All quarterly results referred to in the text, tables and attachments to this release are unaudited. The financial statements from which the financial results reported in this press release are derived have been prepared in accordance with U.S. GAAP, unless otherwise noted as "non-GAAP," and are presented in U.S. dollars.

Q&A

For Q&A regarding the third quarter 2025 performance upon the release, investors may send the questions via email to IR@gigamedia.com.tw, and the responses will be replied individually.

About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited (Singapore registration number: 199905474H) is a diversified provider of digital entertainment services in Taiwan and Hong Kong. GigaMedia's digital entertainment service business is an innovative leader in Asia with growing capabilities of development, distribution and operation of digital entertainments, as well as platform services for games with a focus on mobile games and casual games. More information on GigaMedia can be obtained from www.gigamedia.com.tw.

The statements included above and elsewhere in this press release that are not historical in nature are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected financial performance (as described without limitation in the "Business Outlook" section and in quotations from management in this press release) and GigaMedia's strategic and operational plans. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, including but not limited to, our ability to license, develop or acquire additional online games that are appealing to users, our ability to retain existing online game players and attract new players, and our ability to launch online games in a timely manner and pursuant to our anticipated schedule. Further information on risks or other factors that could cause results to differ is detailed in GigaMedia's Annual Report on Form 20-F filed in April 2025 and its other filings with the United States Securities and Exchange Commission.

GIGAMEDIA LIMITED

CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended

Nine months ended

9/30/2025

6/30/2025

9/30/2024

9/30/2025

9/30/2024

(in US$ thousands)

unaudited

Operating revenues

Digital entertainment service revenues

916

868

769

2,642

2,214

916

868

769

2,642

2,214

Operating costs

Cost of digital entertainment service revenues

458

391

397

1,248

1,137

458

391

397

1,248

1,137

Gross profit

458

477

372

1,394

1,077

Operating expenses

Product development and engineering expenses

165

157

170

518

530

Selling and marketing expenses

413

360

375

1,166

1,101

General and administrative expenses

878

877

835

2,595

2,615

Other

—

1,456

1,395

1,380

4,280

4,247

Loss from operations

(998)

(918)

(1,008)

(2,886)

(3,170)

Non-operating income (expense)

Interest income

420

436

504

1,279

1,492

Foreign exchange gain (loss) - net

(381)

1,330

182

816

(180)

Changes in the fair value of an instrument recognized at

fair value

(9)

(6)

(4)

Other-net

(14)

(9)

1,762

688

2,082

1,337

Income (loss) from continuing operations before income

taxes

(971)

844

(320)

(804)

(1,833)

Income tax expense

—

Net income (loss) attributable to shareholders of

GigaMedia

(971)

844

(320)

(804)

(1,833)

Earnings (loss) per share attributable to GigaMedia:

Basic

(0.09)

0.08

(0.03)

(0.07)

(0.17)

Diluted

(0.09)

0.08

(0.03)

(0.07)

(0.17)

Weighted average shares outstanding:

Basic

11,052

Diluted

11,052

GIGAMEDIA LIMITED

CONSOLIDATED BALANCE SHEETS

9/30/2025

6/30/2025

9/30/2024

(in US$ thousands)

unaudited

Assets

Current assets

Cash and cash equivalents

29,073

30,873

35,015

Accounts receivable - net

140

167

157

Prepaid expenses

148

235

123

Restricted cash

313

Other receivables

241

259

392

Other current assets

142

140

144

Total current assets

30,057

31,987

36,144

Investment in securities - noncurrent

9,620

8,120

6,840

Property, plant & equipment - net

102

Intangible assets - net

Prepaid licensing and royalty fees

179

Other assets

1,401

1,403

1,244

Total assets

41,233

41,698

44,514

Liabilities and equity

Accounts payable

Accrued compensation

419

314

350

Accrued expenses

873

702

912

Unearned revenue

570

614

608

Other current liabilities

323

332

691

Total current liabilities

2,229

1,992

2,588

Other liabilities

182

286

154

Total liabilities

2,411

2,278

2,742

Total equity

38,822

39,420

41,772

Total liabilities and equity

41,233

41,698

44,514

GIGAMEDIA LIMITED

RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATIONS

Three months ended

Nine months ended

9/30/2025

6/30/2025

9/30/2024

9/30/2025

9/30/2024

(In US$ thousands)

unaudited

Reconciliation of Net Income (Loss) to EBITDA

Net income (loss) attributable to GigaMedia

(971)

844

(320)

(804)

(1,833)

Depreciation

Amortization

Interest income

(420)

(436)

(504)

(1,279)

(1,492)

Interest expense

—

Income tax expense

—

EBITDA

(1,371)

423

(810)

(2,032)

(3,282)

SOURCE GigaMedia