Formosa Plastics (1301) Q2 2025 earnings summary

Executive summary

• Report covers consolidated financials for the six months ended June 30, 2025 and 2024, reviewed by independent auditors with a qualified conclusion due to some unreviewed subsidiaries and equity-accounted investees.

• The group operates in plastics, chemical fibers, and petrochemicals, with diversified product offerings and global operations.

Financial highlights

• Operating revenue for H1 2025 was NT$92.6 billion, down from NT$99.2 billion year-over-year.

• Net loss for H1 2025 was NT$6.58 billion, compared to net income of NT$1.59 billion in H1 2024.

• Gross profit margin decreased to 4% in H1 2025 from 6% in H1 2024.

• Basic loss per share for H1 2025 was NT$(1.03), compared to earnings per share of NT$0.25 in H1 2024.

• Total assets as of June 30, 2025 were NT$470.0 billion, down from NT$549.3 billion as of June 30, 2024.

Outlook and guidance

• Management expects no significant impact from new IFRS standards effective in 2026 and 2027.

• No seasonality or cyclicality is expected to affect operations due to product diversification.