Giant Manufacturing (9921) Q1 2026 earnings summary

Executive summary

• Net sales revenue for 2025 was NT$13,542 million, down 10% year-over-year, with net profit at NT$723 million, a 43% decrease from 2024.

• Gross profit margin improved to 5% from 1% in 2024, aided by reversal of inventory write-downs and lower cost of goods sold.

• Total comprehensive income for 2025 was NT$1,130 million, down from NT$1,995 million in 2024.

Financial highlights

• Operating loss was NT$755 million, narrowing from NT$1,090 million in 2024.

• Non-operating income was NT$1,607 million, mainly from equity method investments and royalty income.

• Earnings per share (EPS) for 2025 was NT$1.84, compared to NT$3.22 in 2024.

• Cash and cash equivalents fell sharply to NT$635 million from NT$5,500 million at year-end 2024.

• Total assets decreased to NT$43,939 million from NT$46,026 million.

Outlook and guidance

• Proposed cash dividend for 2025 is NT$1.8 per share, subject to shareholder approval.

• Management expects no material impact from new IFRS standards effective in 2026.