Far Eastern New Century (1402) Q4 2025 earnings summary

Executive summary

• Diversified operations across production, property development, and investments, with a focus on sustainability and innovation.

• Revenue for 2025 was NT$254.1B, down 6% year-over-year; net income attributable to shareholders was NT$7.8B, down 22%.

• Maintains a consistent dividend policy and strong global presence, especially in recycled polyester and green building projects.

• Recognized in major ESG indexes and awarded for sustainability achievements.

• Gross profit margin dropped to 7% from 11% year-over-year, reflecting higher costs and lower sales.

Financial highlights

• 2025 consolidated revenue was NT$254.1B, down 6% year-over-year; net income attributable to shareholders was NT$7.8B, down 22%.

• EPS for 2025 was NT$1.55, compared to NT$2.00 in 2024.

• EBITDA for 2025 was NT$10.3B, down from NT$10.7B in 2024.

• Cash dividend per share for 2025 is NT$1.25, with an 81% payout ratio.

• Cash and cash equivalents at year-end were NT$15.7B, down from NT$20.2B.

Outlook and guidance

• Targeting 50% reduction in GHG emissions and 50% green product share by 2030; committed to Net Zero by 2050.

• Regulatory trends are expected to drive further demand for recycled PET, with supply constraints accelerating textile-to-textile recycling.

• The board proposed a 2025 cash dividend of NT$1.25 per share, pending shareholder approval.

• New bond issuance of up to NT$10B was approved for 2026 to support future financing needs.