Far Eastern New Century (1402) Q2 2026 earnings summary

Executive summary

• Achieved 1H26 EPS of NT$1.15, up 74% year-over-year, driven by operational recovery and portfolio optimization initiatives.

• Production business returned to profitability in 2026, with 2Q26 operating profit at NT$1.1B, the highest since 2Q22.

• Maintained a stable dividend policy with a cash dividend of NT$1.25 per share and an 81% payout ratio.

• Recorded a one-off NT$1.9B gain from real estate disposal in 1Q26.

Financial highlights

• 1H26 consolidated revenue reached NT$130.6B, a 15% increase year-over-year.

• 1H26 consolidated net income was NT$10.94B, up 73% year-over-year.

• 2Q26 profit from operations was NT$5.22B, up 44% year-over-year.

• Book value per share stood at NT$43.5 as of June 30, 2026.

• Green revenue accounted for 19% of consolidated revenue in 1H26.

Outlook and guidance

• Demand for both virgin and recycled PET is strengthening, supported by resilient and diversified supply chains.

• Regulatory trends are expected to drive further growth in recycled PET demand globally.

• Continued focus on sustainability, aiming for 50% green products and raw materials by 2030.