Feng Tay Enterprises (9910) Investor presentation summary

Company overview

• Founded in 1971 with headquarters in Yunlin Science and Industrial Park, Taiwan.

• Specializes in shoe manufacturing and sales with a capital of NTD 9,875 million.

• Production capacity in FY2024: China (10%), Indonesia (14%), Vietnam (46%), India (30%).

• Employs approximately 135,000 people.

Financial performance (2025 Q3 and YTD)

• Q3 2025 revenue was NTD 21,680 million, up 6% QoQ but down 5% YoY.

• Q3 2025 net income reached NTD 1,912 million, a 131% QoQ and 25% YoY increase.

• EPS for Q3 2025 was NTD 1.76, up 141% QoQ and 21% YoY.

• 1-3Q 2025 revenue totaled NTD 62,803 million, down 4% YoY; net income was NTD 3,936 million, down 14% YoY.

• Gross margin remained stable at 23-24% for both Q3 and YTD.

Balance sheet and cash flow

• Total assets as of September 30, 2025, were NTD 51,365 million; equity was NTD 25,297 million.

• Cash position at quarter-end was NTD 4,754 million.

• Bank loans stood at NTD 6,775 million, and total liabilities were NTD 26,068 million.

• Cash from operating activities for 1-3Q 2025 was NTD 6,812 million; capital expenditures were NTD 2,333 million.

• Cash dividends paid in 1-3Q 2025 totaled NTD 5,036 million.