Test Rite Retail (7867) Q1 2026 earnings summary

Executive summary

• Q1 revenue was NT$2,371,100 thousand; net income was NT$133,165 thousand and basic EPS was NT$1.39. Deloitte issued a qualified review conclusion because a non-significant subsidiary’s financial statements were not reviewed.

• The unreviewed subsidiary represented 2.44% of consolidated assets, 2.64% of liabilities and 16.62% of comprehensive income at or for Q1 2026.

Financial highlights

• Revenue was NT$2,371,100 thousand vs NT$2,279,985 thousand YoY; gross profit was NT$951,695 thousand vs NT$889,970 thousand.

• Operating income was NT$129,536 thousand vs NT$127,909 thousand; pretax income was NT$143,520 thousand vs NT$120,045 thousand.

• Net income was NT$133,165 thousand vs NT$96,247 thousand; income tax expense was NT$10,355 thousand vs NT$23,798 thousand.

• Comprehensive income was NT$99,807 thousand vs NT$96,247 thousand, including an NT$33,358 thousand unrealized loss on FVOCI equity investments in Q1 2026.

Segment performance

• Operations are managed as one reportable segment; Q1 revenue comprised merchandise sales of NT$2,178,525 thousand, engineering revenue of NT$97,142 thousand, services of NT$48,821 thousand and other operating revenue of NT$46,612 thousand.