Elite Material (2383) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached NTD 33,067 million, up 52.5% YoY, with net income rising to NTD 5,340 million and EPS at NTD 14.90, reflecting strong growth across all key financial metrics.

• Expanded market share in premium laminate segments, maintaining global leadership in mSAP, HDI, and high-speed green laminates.

• Enhanced technology differentiation and scale, with proprietary HDI and mSAP capabilities and increased production capacity.

• Gross margin remained stable at 29% in Q1 2026, while operating margin improved to 22%.

Financial highlights

• Revenue reached NT$33,067M, up 32.7% QoQ and 52.5% YoY; net income was NT$5,339M, up 42.9% QoQ and 54.0% YoY; EPS NT$14.90, up 42.7% QoQ and 48.9% YoY.

• Operating profit for Q1 2026 was NTD 7,128 million, up from NTD 4,540 million in Q1 2025.

• Net cash from operating activities was NTD 2,703 million, up from NTD 2,144 million YoY.

• Cash and equivalents increased to NT$22,135M; total assets reached NTD 130,977 million.

• Dividends distributed for 2025 were NTD 25.00 per share, up from NTD 17.00 for 2024.

Outlook and guidance

• Production capacity expansion planned through 2027, targeting 9.45M sheets/month.

• Management expects continued growth in production capacity, including new land acquisitions in China.

• Sustainability goals include a 30% carbon reduction by 2030.

• Preparing for IFRS 18 adoption in 2028, with no material impact expected from other new standards.