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ASIA CEMENT (1102) investor relations material
ASIA CEMENT Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated revenue for 1H26 declined 7% year-over-year to NT$32,660 million, reflecting ongoing weakness in cement demand, especially in China and Taiwan.
Net income surged 57% year-over-year to NT$7,030 million, driven by strong equity and investment income despite lower operating profit.
Diversified investments, including equity stakes in Far Eastern New Century and U-Ming Marine, provided significant support to earnings.
Financial highlights
Operating profit for 1H26 dropped 31% year-over-year to NT$2,895 million, with gross margin narrowing to 13.6% from 16.3%.
Non-operating profit rose sharply, up 219% year-over-year, mainly from gains on financial assets and equity income.
EPS for 1H26 was NT$2.01, up 66% year-over-year.
Free cash flow for 1H26 was NT$687 million, down from NT$3,791 million in 1H25.
Outlook and guidance
China cement demand is expected to decline 7–9% for full-year 2026, with 1H26 demand down 10% year-over-year.
Taiwan cement demand remains weak, with 1H26 down 15% year-over-year; near-term outlook is cautious due to credit controls and higher construction costs.
Market stabilization in Taiwan is supported by marginal policy easing and steady self-use housing demand.
- Net income rose 29% year-over-year to NT$1.79 billion despite a 10.6% revenue drop.1102
Q1 2026 - Net income rose 2% to NT$2.82 billion in Q1 2024, despite a 14% revenue drop.1102
Q1 2024 - Net income fell 6% year-over-year, but comprehensive income more than doubled.1102
Q2 2024 - Revenue and profit declined, cash reserves dropped, and new carbon fees loom in 2025.1102
Q3 2024 - Net income rose 14% to NT$12.7B on improved margins, despite lower revenue and China headwinds.1102
Q4 2024 - Revenue steady, but net income fell sharply; cement remains key profit driver.1102
Q1 2025 - Net income fell 33% year-over-year on stable revenue, with comprehensive income turning negative.1102
Q2 2025 - Operating income surged 39% year-over-year despite a 4% revenue decline, with robust cash flow.1102
Q3 2025 - Revenue and net income fell, but gross margin rose to 16% and a NT$2.30 dividend was proposed.1102
Q4 2025
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