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.

• 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.

• Dividend payout ratio remained stable at 40%-45% from 2023 to 2025.

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

• Capital expenditures reached NT$826 million in 2025, with NT$198 million in 2026 Q1.

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.