Formosa Chemicals & Fibre (1326) Q1 2026 earnings summary

Executive summary

• Consolidated revenue for Q1 2026 was NT$81.75 billion, up 3.6% year-over-year, with net income of NT$6.53 billion, a significant turnaround from a net loss of NT$389 million in Q1 2025.

• Total comprehensive income surged to NT$33.91 billion, driven by strong equity method gains and fair value increases in financial assets.

• The audit opinion was qualified due to certain subsidiaries and equity-method investments not being reviewed by independent auditors, but no material misstatements were identified.

Financial highlights

• Operating profit for Q1 2026 was NT$3.12 billion, compared to an operating loss of NT$3.02 billion in Q1 2025.

• Share of profit from associates and joint ventures accounted for under the equity method was NT$4.23 billion, up sharply from NT$375 million year-over-year.

• Basic EPS for Q1 2026 was NT$1.07, compared to a loss per share of NT$0.08 in Q1 2025.

• Total assets as of March 31, 2026 were NT$581.17 billion, up from NT$501.91 billion a year earlier.

• Cash and cash equivalents at quarter-end were NT$16.80 billion.

Outlook and guidance

• The Board approved a cash dividend of NT$0.60 per share for 2025 earnings.

• The company maintains a stable dividend policy, prioritizing cash dividends and targeting at least 50% payout of distributable earnings.