National Aerospace Fasteners (3004) Q1 2026 earnings summary

Executive summary

• Achieved consolidated revenue of NT$1,204 million in 2026 Q1, up from NT$936 million in 2025 Q1, reflecting strong demand in aerospace fasteners and machining parts.

• Net income for 2026 Q1 reached NT$124 million, with EPS at NT$1.92, both showing sequential and year-over-year growth.

• Consolidated financial statements for Q1 2026 and Q1 2025 reviewed by PwC, with no material misstatements found.

• Production is at full capacity, with new orders temporarily suspended to prioritize contract fulfillment.

• Strategic expansion in Malaysia to enhance regional presence and supply chain resilience.

Financial highlights

• 2025 full-year revenue was NT$4,055 million, up from NT$3,502 million in 2024.

• Q1 2026 revenue: NT$1,204,086K, up from NT$935,854K in Q1 2025.

• Q1 2026 net income: NT$123,641K, up from NT$110,649K year-over-year.

• Gross margin: 25% in Q1 2026, down from 28% in Q1 2025.

• Equity per share increased to NT$56.58 as of March 31, 2026.

Outlook and guidance

• Anticipates continued robust demand for aerospace fasteners, driven by record commercial aviation growth and MRO market expansion.

• LEAP and GTF engine deliveries expected to rise in 2026, supporting sustained order momentum.

• Malaysia plant to focus on NPI development in 2026, with limited shipments as certifications progress.

• Management aims to maintain debt-to-capital ratio below 60%.