Taiwan High Speed Rail (2633) Q2 2026 earnings summary

Executive summary

• Financial statements for the six months ended June 30, 2026, were reviewed by independent auditors, who concluded they present fairly the company's financial position and performance in accordance with local regulations and IFRS.

• The company operates under a 70-year concession agreement for high-speed rail, with profit-sharing and stabilization mechanisms in place with the Ministry of Transportation and Communications (MOTC).

Financial highlights

• Operating revenue for the six months ended June 30, 2026, was NT$27,812,094 thousand, up from NT$26,734,525 thousand year-over-year.

• Net income for the same period was NT$3,754,246 thousand, compared to NT$3,488,965 thousand year-over-year.

• Basic and diluted earnings per share for the six months were NT$0.67, up from NT$0.62 year-over-year.

• Cash and cash equivalents increased to NT$18,878,407 thousand as of June 30, 2026, from NT$15,044,981 thousand a year earlier.

• Total assets stood at NT$385,930,792 thousand, with total equity of NT$70,054,472 thousand as of June 30, 2026.

Outlook and guidance

• The company continues to operate under a stable regulatory and concession framework, with no significant changes in segment operations or business model.

• Capital expenditures contracted but not yet incurred as of June 30, 2026, amounted to NT$37,475,919 thousand.