Nien Made Enterprise (8464) Q2 2025 earnings summary

Executive summary

• Consolidated financial statements for the six months ended June 30, 2025 and 2024 were reviewed and found to present fairly in all material respects under ROC and IAS 34 standards.

• The group operates globally in window coverings, with a mature industry environment and stable profitability.

Financial highlights

• Operating revenue for H1 2025 was NT$14,979,866 thousand, up 9.1% year-over-year from NT$13,726,224 thousand.

• Net income for H1 2025 was NT$3,068,635 thousand, down 6.1% from NT$3,265,250 thousand in H1 2024.

• Basic EPS for H1 2025 was NT$10.00, compared to NT$10.91 in H1 2024.

• Gross margin improved to 58.7% in H1 2025 from 56.4% in H1 2024.

• Cash and cash equivalents at June 30, 2025 were NT$13,357,536 thousand, down from NT$16,145,322 thousand a year earlier.

Outlook and guidance

• Dividend policy maintains a payout ratio of at least 50% of distributable earnings, with cash dividends not less than 20% of total dividends.

• The company continues to invest in capacity and expansion, with significant contracts for new factories and buildings in progress.