ASIA CEMENT (1102) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025 was NT$53.15 billion, down 4% year-over-year, with net income at NT$8.35 billion, slightly lower than the prior year.

• Operating income rose 39% year-over-year to NT$6.61 billion, driven by improved gross margin and lower operating expenses.

• Total comprehensive income for the period was NT$16.84 billion, up from NT$8.25 billion in 2024, mainly due to favorable foreign exchange and investment revaluation effects.

Financial highlights

• Gross margin improved to 17% from 13% year-over-year, reflecting lower operating costs.

• Basic EPS for the nine months was NT$2.42, compared to NT$2.72 in the prior year.

• Cash and cash equivalents at period end were NT$12.97 billion, down from NT$15.15 billion a year ago.

• Net cash from operating activities was NT$12.8 billion, while investing and financing activities used NT$1.44 billion and NT$11.06 billion, respectively.

Outlook and guidance

• Management expects continued volatility in cement demand and energy prices, with ongoing focus on cost control and investment returns.

• New IFRS standards will be adopted in 2026 and 2027, with ongoing assessment of their impact.