HD Renewable Energy (6873) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of the year was NT$3,077,835 thousand, down 8% year-over-year; Q2 revenue was NT$1,653,691 thousand, down 12% from the same quarter last year.

• Gross margin for the first half was 30%, up from 26% year-over-year; Q2 gross margin was 21%, down from 23% in the prior year.

• Net loss for the first half was NT$219,039 thousand, compared to net income of NT$170,175 thousand year-over-year; Q2 net loss was NT$252,783 thousand.

• Basic and diluted EPS for the first half were both NT$(1.32), compared to NT$1.31 year-over-year.

Financial highlights

• Operating loss for the first half was NT$112,039 thousand, compared to operating income of NT$271,414 thousand year-over-year.

• Significant increase in expected credit loss provision: NT$92,619 thousand in the first half, compared to none in the prior year.

• Finance costs rose to NT$312,157 thousand in the first half, up from NT$95,218 thousand year-over-year.

• Cash and cash equivalents at period end were NT$1,639,526 thousand, down from NT$5,680,647 thousand year-over-year.

• Total assets at period end were NT$33,492,920 thousand, up from NT$25,567,054 thousand year-over-year.

Outlook and guidance

• Management expects ongoing revenue recognition from existing contracts, with NT$13,181,035 thousand in transaction price allocated to unfulfilled performance obligations, to be recognized over the next 1–3 years.

• The company is actively managing risks related to overseas projects and is pursuing alternative operational arrangements for affected assets.