BTL, Inc.

BTL, Inc.

TTPEX:6840
78.80
TWD
-1.10
(-1.38%)
2.06EPS
28.75P/E
1.92BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
23.75
26.81
32.23
34.69
25.79
29.43
30
31.66
Basic EPS, GAAP
1.68
1.48
5.05
5.27
-1.96
0.54
1.58
2.17
Free Cash Flow per Basic Share
2.48
4.82
6.14
-2.91
-4.69
0.46
-0.87
-0.37
Dividend per Share
0.91
0.9
0.9
2.33
2.53
- -
0.3
- -
Book Value per Share
19.95
21.98
26.3
29.43
28.73
33.21
34.18
35.12
Tangible Book Value per Share
19.84
21.92
26.26
28.98
28.43
32.95
33.92
34.92
Basic Weighted Avg Shares
25
25
26
26
27
28
30
30
Sales/Revenue/Turnover
598
663
825
888
703
838
909
962
Operating Margin (%)
9.85
12.53
18.98
13.93
-10.78
-1.21
6.76
6.57
Depreciation Expense
85
85
93
108
131
145
144
157
Net Income, GAAP
42
36
129
135
-53
16
48
66
Effective Tax Rate (%)
12.78
26.99
11.81
14.01
- -
- -
- -
3.26
Profit Margin (%)
7.09
5.5
15.66
15.19
-7.61
1.85
5.27
6.87
Working Capital
73
164
231
180
149
362
309
97
LT Debt
267
302
323
346
392
381
450
248
Total Equity
511
563
673
753
809
1,006
1,051
1,080
Return on Invested Capital (%)
- -
6.37
13.45
9.07
- -
- -
- -
3.93
Return on Capital (%)
- -
4.42
13.13
12.19
- -
- -
- -
5
Return on Common Equity (%)
- -
6.8
20.9
18.91
-6.84
1.71
4.66
6.42

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
122
118
340
LT Borrowings
195
196
- -
LT Finance Leases
254
257
248
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
31
31
Market Capitalization
1,875
1,823
1,922

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
568
547
612
Cash, Cash Equivalents & STI
260
215
207
Accounts Receivable, Net
281
305
360
Inventories
- -
- -
- -
Total Current Liabilities
259
234
514
Payables & Accruals
- -
- -
- -
ST Debt
122
118
340
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
13.55%
4.4%
Free Cash Flow
- -
-90.79%
-299.94%
Net Income, GAAP
- -
39.86%
209.38%
Sales/Revenue/Turnover
- -
7.8%
8.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
188
219
227
204
838
2025
197
240
233
240
909
2026
213
276
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.48
0.4
-0.15
-0.16
0.54
2025
0.18
0.28
0.71
0.41
1.58
2026
0.12
0.94
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.3
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chung Chao Wu
Full Time Employees
122
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
No.18, Jiuzong Road Taipei TP Taiwan 302
IPO Date
Mar 24, 2023
Website
newbtl.com
Business
BTL Inc. BTL Inc. (6840.TWO) provides third-party testing, certification, and technical services for electronic products, specializing in electro-magnetic compatibility (EMC), safety inspections, and regulatory compliance across multiple technical platforms including mobile communications, Bluetooth and BQB certification, SAR/OTA testing, IoT devices, RF performance, telecom equipment, new energy solutions, information technology, video and cable communications, vehicle-to-everything (V2X) systems, household appliances, smart home products, electric tools, industrial equipment, medical devices, and scientific instruments; the company offers measurement services, test reports, certification applications, global compliance solutions, IoT application support, customized enterprise testing, and standards/regulatory consulting to electronic product manufacturers seeking market access worldwide. Headquartered at No.18, Lane 171, Section 2, Jiuzong Road, Neihu District, Taipei City, Taiwan, BTL Inc. operates globally with laboratories and branches in East and South Asia, Southeast Asia, the Middle East, Africa, Europe, North America, and South America, including key facilities in Taiwan (Taipei, Xizhi, Taoyuan), mainland China (Dongguan, Shanghai, Beijing, Shenzhen, Foshan), and India (New Delhi); founded in 1976 with the BTL Testing Group established in 1987, it became Taiwan's first listed company on the Strategic New Board and employs over 500 staff dedicated to high-quality, synchronized services aligned with evolving electronic markets. Recent developments include expanded capabilities in regulatory updates such as South Africa's SABS EMC testing for audio/video, IT, household appliances, lighting, and industrial equipment; advancements in BQB proficiency verification; new compliance interpretations for UK PSTI security, AI power product EMC risks, India BEE energy efficiency for color TVs, Japan REDCAP/NR Light/5G Rel.17 radio laws, loop magnetic field calculations, sound pressure testing, electrostatic standards, and IEC 62368-1 transformer requirements; and notifications on global regulatory shifts like Korea KC certifications impacted by fire incidents, Canada DFS/ETSI/ISED SAR/PMN rules, Brazil telecom/data center mandates, Indonesia amateur radio standards, EU 5725–5875 MHz restrictions, Taiwan wireless game controllers, and Mexico IFETEL logo guidelines, reflecting ongoing strategic enhancements in testing scope and international accreditation as of 2025.