China Steel (2002) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended September 30, 2025 was NT$241.8 billion, down 12% year-over-year, with a net loss of NT$4.39 billion compared to a net profit of NT$2.98 billion in the prior year period.

• Gross profit margin declined to 2% from 4% year-over-year, reflecting weaker market conditions and higher costs.

• The independent auditor's review found the financial statements present fairly, in all material respects, the financial position and performance.

Financial highlights

• Operating revenues for Q3 2025 were NT$73.5 billion, a 14% decrease from Q3 2024.

• Net loss for the nine months ended September 30, 2025 was NT$4.39 billion, compared to net profit of NT$2.98 billion in 2024.

• Basic and diluted loss per share for the nine months was NT$0.27, versus earnings per share of NT$0.12 in the prior year.

• Total assets as of September 30, 2025 were NT$674.9 billion, with total equity of NT$323.6 billion.

• Cash and cash equivalents increased to NT$23.5 billion from NT$17.1 billion year-over-year.

Outlook and guidance

• Management is assessing the impact of new IFRS standards effective in 2026 and 2027, with further disclosures to be made upon completion of the assessment.

• The company continues to monitor market and regulatory developments, including carbon fee liabilities and related environmental regulations.