Aerospace Industrial Development (2634) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was NT$7,587,090 thousand, up slightly from NT$7,538,820 thousand in Q1 2025, with net profit rising to NT$260,658 thousand from NT$238,421 thousand year-over-year.

• Gross profit margin improved to 8% from 6% year-over-year, driven by higher gross profit and controlled operating expenses.

• Total comprehensive income for Q1 2026 reached NT$301,162 thousand, up from NT$262,983 thousand in Q1 2025.

Financial highlights

• Operating profit for Q1 2026 was NT$272,385 thousand, up from NT$198,292 thousand year-over-year.

• Earnings per share increased to NT$0.28 (basic and diluted) from NT$0.25 year-over-year.

• Cash and cash equivalents at March 31, 2026 were NT$2,181,426 thousand, down from NT$2,433,153 thousand at year-end 2025.

• Net cash generated from operating activities was NT$2,946,178 thousand, a significant improvement from a net outflow of NT$3,306,393 thousand in Q1 2025.

• Total assets stood at NT$51,480,606 thousand, with total equity of NT$18,143,726 thousand as of March 31, 2026.

Outlook and guidance

• The company continues to focus on profitable operations, business expansion, equipment upgrades, and participation in international aircraft and engine development projects.

• Management is monitoring the impact of US reciprocal tariffs and economic conditions on future estimates and cash flows.