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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
H1 2026 revenue was NT$32.66b, down 7% year-over-year; net income rose 57% to NT$7.03b, supported by non-operating gains and higher associate earnings.
Q2 revenue was NT$17.83b versus NT$18.67b year-over-year, while net income rose to NT$5.24b from NT$3.10b.
Weak cement demand in China and Taiwan weighed on results, while investment gains and income from associates provided support.
Financial highlights
H1 gross profit was NT$4.43b versus NT$5.75b year-over-year; operating income was NT$2.90b versus NT$4.19b.
H1 other gains and losses were a net gain of NT$2.83b versus a net loss of NT$725m; FVTPL fair-value gains were NT$3.04b versus a NT$31m loss.
Non-operating profit increased 219% year-over-year, mainly on financial-asset gains and equity income.
H1 operating cash flow was NT$3.03b versus NT$5.37b year-over-year; free cash flow was NT$687m versus NT$3.79b.
Income tax expense declined to NT$634m from NT$1.20b year-over-year.
Segment performance
Cement H1 revenue was NT$21.10b versus NT$23.41b year-over-year, and segment profit was NT$1.53b versus NT$2.89b.
Electric power and energy revenue was NT$8.27b versus NT$8.06b; segment profit rose to NT$885m from NT$782m.
Stainless steel revenue fell to NT$1.37b from NT$1.88b, with a NT$53m segment loss versus a NT$67m loss.
Engineering revenue was NT$1.00b versus NT$1.05b and profit was NT$42m versus NT$21m; transportation revenue rose to NT$267m from NT$187m, with profit of NT$85m versus NT$128m.
Leasing revenue was NT$268m versus NT$255m and profit was NT$175m versus NT$170m; investment segment revenue and profit declined to NT$380m and NT$233m, respectively.
- 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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