Far Eastern New Century (1402) Q3 2025 earnings summary

Executive summary

• Consolidated revenue for 1-3Q25 was NT$185.3B, down 7–9% year-over-year; net income attributable to shareholders was NT$5.42B for the same period.

• Gross profit margin remained stable at 21%, with operating income margin at 8%.

• Production business faced a 19% YoY revenue decline in 3Q25 due to temporary suspension and softer demand; gradual recovery underway.

• The group completed several equity transactions, including loss of significant influence over Pacific Liu Tong Investment and full ownership in New Prosperity Resources.

• A gas explosion at a polyester staple fiber plant in March 2025 resulted in an impairment loss of NT$258 million.

Financial highlights

• 3Q25 revenue was NT$61.5B, down 9% YoY; profit from operations fell 23% YoY to NT$3.84B.

• Consolidated net income for 3Q25 was NT$4.43B, up 9% YoY; EPS for 3Q25 was NT$0.42.

• Cash and cash equivalents increased to NT$43.5B as of September 30, 2025.

• Book value per share stood at NT$41.7 as of 9/30/2025.

• Cash dividend payout ratio remained above 80% for three consecutive years.

Outlook and guidance

• Production business operations are gradually resuming after phased trial runs started in 2Q25.

• Management continues to assess the impact of new IFRS standards effective in 2026 and 2027.

• The group is focused on optimizing its debt and equity balance and maintaining adequate liquidity.

• Continued emphasis on green and sustainable products and services across all business segments.