Formosa Chemicals & Fibre (1326) Q1 2025 earnings summary

Executive summary

• Report covers consolidated financials for the three months ended March 31, 2025 and 2024, with a qualified review opinion due to some subsidiaries and equity-method investments not being audited.

• The group operates across petrochemicals, plastics, textiles, fibers, and green energy, with significant related party transactions.

Financial highlights

• Operating revenue for Q1 2025 was NT$78.91 billion, down 6% year-over-year from NT$83.94 billion.

• Net loss attributable to owners was NT$441.8 million in Q1 2025, compared to net income of NT$1.53 billion in Q1 2024.

• Basic loss per share was NT$0.08 in Q1 2025, versus earnings per share of NT$0.26 in Q1 2024.

• Gross margin remained at 4% for both periods, but operating loss widened to NT$447 million from NT$149 million.

• Total assets as of March 31, 2025 were NT$501.9 billion, down from NT$568.4 billion a year earlier.

Outlook and guidance

• The group continues to monitor market and industry risks, with no explicit forward-looking guidance provided.