Mega Union Technology (6944) Q2 2026 earnings summary

Executive summary

• Achieved strong revenue growth in 2026/Q2 115, with consolidated revenue up 41.94% year-over-year as of July and Q2 revenue up 45% year-over-year.

• Significant increases in gross profit (+87%), operating profit (+90%), and net profit (+77%) in Q2 2026 compared to Q2 2025.

• Consolidated financial statements for Q2 115 and 114, reviewed by PwC, show compliance with IFRS and no material misstatements.

• Maintains a leading position in Taiwan's water treatment sector, specializing in ultra-pure water and wastewater reclamation for high-tech industries, with recent expansion into the US and ongoing overseas growth.

Financial highlights

• Q2 2026 revenue: NT$9,787 million (+45% YoY); gross profit: NT$2,723 million (+87% YoY); operating profit: NT$2,270 million (+90% YoY); net profit: NT$1,645 million (+77% YoY).

• Q2 115 revenue: NT$5,080,461K, up from NT$3,731,742K in Q2 114; H1 115 revenue: NT$9,787,323K, up from NT$6,771,546K year-over-year.

• EPS (restated) for Q2 2026: NT$16.50, up 63% from Q2 2025; Q2 115 basic EPS: NT$8.75 (Q2 114: NT$5.46); H1 115 basic EPS: NT$16.50 (H1 114: NT$10.14).

• Order backlog reached NT$27,728 million as of Q2 2026, up from NT$21,261 million in 2025; unfulfilled contract value as of 115/6/30: NT$27,727,651K.

• Total assets as of 115/6/30: NT$18,226,346K; equity: NT$8,463,803K; cash and equivalents: NT$7,448,057K.

Outlook and guidance

• Industry outlook remains positive, driven by demand from semiconductor and high-tech sectors.

• Company aspires to become a global leader in water treatment and resource recovery.

• Expansion in the US market with new contracts and capital increases for subsidiaries to support overseas growth.