President Chain Store (2912) Q1 2026 earnings summary

Executive summary

• Consolidated revenue grew 4.6% year-over-year in Q1 2026 to NT$88.53 billion, driven by 7-ELEVEN Taiwan, 7-ELEVEN Philippines, Cosmed, and Starbucks Taiwan.

• Net profit for Q1 2026 reached NT$3.57 billion, a 4.9% increase year-over-year, with EPS up 6.7% and both revenue and earnings at record highs for the quarter.

• Gross profit margin improved to 35% from 34% year-over-year, with product mix optimization and economies of scale supporting record results.

• Basic and diluted EPS for Q1 2026 were both NT$2.97, up from NT$2.79 and NT$2.78, respectively, in Q1 2025.

• Parent company revenue rose 3.8% in Q1 2026, with EPS up 6.7%.

Financial highlights

• Consolidated Q1 2026 revenue: NT$88.53bn (+4.6% YoY); operating profit: NT$3.77bn (+4.2% YoY); net income: NT$3.57bn (+4.9% YoY).

• Parent company Q1 2026 revenue: NT$54.7bn (+3.8% YoY); net income: NT$3.1bn (+6.7% YoY); OPM: 5.6%.

• Total assets as of March 31, 2026 were NT$295.51bn, with cash and cash equivalents at NT$49.54bn.

• Cash dividend maintained at NT$9.0 per share for 2025, payout ratio at 83%.

• Total liabilities increased to NT$238.22bn, and total equity attributable to owners was NT$46.48bn.

Outlook and guidance

• 7-ELEVEN Taiwan targets 150–200 new stores in 2026, maintaining growth in total and per-store sales and stable operating profit.

• 7-ELEVEN Philippines aims to expand to 7,000 stores mid-term, focusing on aggressive regional growth and product/service diversification.

• Continued investment in digital transformation, logistics, and ESG initiatives to support long-term growth.

• The company continues to expand core convenience store operations and related retail businesses across Taiwan and Asia.

• New IFRS standards and amendments are being adopted, with no significant impact expected.