Formosa Chemicals & Fibre (1326) Q2 2025 earnings summary

Executive summary

• Report covers consolidated financials for the six months ended June 30, 2025 and 2024, with a qualified review opinion due to certain subsidiaries and equity-method investments not being audited.

• Significant exposure to related parties in both sales and purchases, with major transactions involving Formosa Petrochemical Corp. and Nan Ya Plastics Corp.

Financial highlights

• Operating revenue for H1 2025 was NT$152.5 billion, down from NT$180.4 billion in H1 2024.

• Net loss for H1 2025 was NT$7.45 billion, compared to net income of NT$3.47 billion in H1 2024.

• Basic loss per share for H1 2025 was NT$(1.24), versus earnings per share of NT$0.58 in H1 2024.

• Gross margin declined, with operating costs at 98% of revenue in H1 2025, up from 95% in H1 2024.

• Total assets as of June 30, 2025 were NT$467.9 billion, with equity at NT$288.7 billion.

Outlook and guidance

• Management continues to monitor capital structure and maintain a debt-to-capital ratio target; as of June 30, 2025, the ratio was 30%.