Nien Made Enterprise (8464) Investor presentation summary

Financial performance and growth

• Sales revenue reached NT$29,969 million in 2025, with a 1.5% YoY increase and a 4.4% YoY growth in USD terms.

• Gross margin improved to 58.8% in 2025, with operating margin at 29.8% and net margin at 22.0%.

• EPS for 2025 was NT$22.53, down 4.4% YoY, and DPS paid in April 2026 was NT$16.0.

• European sales grew 12.0% YoY in 2025, outpacing American sales, which declined 1.2% YoY.

• Custom product sales accounted for 72.9% of total sales, with custom channel growth at 6.5% YoY in USD.

Operational expansion and production

• Expanded production capacity in Mexico (Phase 2) and Vietnam, with new facilities expected to be operational in 2H2026.

• Global manufacturing footprint includes China, Mexico, Vietnam, Cambodia, and a light assembly factory in the U.S.

• Cambodia facility supports big-box retailer needs, while innovative 2-in-1 smart cutting machines aim to boost stock market share.

• In-house manufacturing covers over 90% of parts, enhancing supply chain control.

Market channels and geographic presence

• U.S. custom channel operates 11 subsidiaries, 430+ staff, and 4,500+ dealer/designer accounts.

• Expanding U.S. logistics fleet and design centers, with new locations in Chicago, Los Angeles, Dallas, Jacksonville, Richmond, Seattle, and Toronto.

• European D2C presence strengthened via Veneta.com, especially in Belgium.

• Japanese market presence expanded with new showrooms in major cities.