ASIA CEMENT (1102) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was NT$14.83 billion, down 10.6% year-over-year, with net income of NT$1.79 billion, up 29% from Q1 2025.

• Gross profit margin decreased to 13% from 14% year-over-year, while operating income fell 25.8% to NT$1.18 billion.

• Total comprehensive income rose to NT$5.68 billion, driven by strong other comprehensive income, especially from foreign currency translation and investment revaluations.

Financial highlights

• Operating revenue: NT$14.83 billion (Q1 2026), NT$16.59 billion (Q1 2025).

• Net income: NT$1.79 billion (Q1 2026), NT$1.39 billion (Q1 2025).

• Basic and diluted EPS: NT$0.56 (Q1 2026), NT$0.41 (Q1 2025).

• Operating costs decreased 9.3% year-over-year; gross profit fell 18.7%.

• Cash and cash equivalents at period end: NT$15.24 billion (Q1 2026), up from NT$12.98 billion at year-end 2025.

Outlook and guidance

• The company is monitoring the impact of new IFRS standards effective in 2027 and 2028, with ongoing assessment of their effects on financial reporting.

• Management is considering climate change, government policy, and interest rate fluctuations in its estimates and outlook.