Nien Made Enterprise (8464) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 was NT$7,305 million, up slightly from NT$7,273 million in Q1 2025, with net income at NT$1,731 million, down 6.5% year-over-year.

• Gross margin improved to 59.1% from 58.2% year-over-year, while operating margin remained stable at 28.1%.

• Earnings per share (EPS) for Q1 2026 were NT$5.62 basic and NT$5.61 diluted, compared to NT$6.07 and NT$6.05 in Q1 2025.

Financial highlights

• Cash and cash equivalents increased to NT$19,344 million as of March 31, 2026, from NT$17,890 million a year earlier.

• Total assets reached NT$42,577 million, up from NT$40,210 million year-over-year.

• Dividend per share for 2025 was NT$16.00, up from NT$14.50 for 2024.

• Operating income for Q1 2026 was NT$2,053 million, down 1.3% year-over-year.

Outlook and guidance

• Management expects stable profitability and sound financial structure, with dividend policy targeting at least 50% payout of distributable earnings.

• No significant impact from Pillar Two income tax legislation is anticipated.