Uni-President Enterprises (1216) Q4 2025 earnings summary

Executive summary

• Consolidated revenue grew 2.32% year-over-year to NTD 672,864 million ($672.86 billion), with gross profit up 3.46% and operating profit up 3.09%.

• Profit before tax declined 1.73% and profit after tax decreased 5.05% year-over-year, with net income at $31.22 billion, a 3.4% decrease from 2024.

• EPS fell 5.22% to NTD 3.45 (basic $3.45, diluted $3.44), and a cash dividend of NTD 3.00 ($3) per share was proposed.

• Operating profit increased 3.1% to $34.87 billion, and total comprehensive income attributable to owners was $17.80 billion.

• The audit opinion was unqualified, with key audit matters on revenue recognition and inventory valuation in Mainland China and retail operations.

Financial highlights

• Operating margin improved by 0.37 percentage points to 33.08% year-over-year; gross margin remained stable at 33%, and net operating margin was 5%.

• Pretax margin decreased by 0.25 percentage points to 6.17%.

• Cash and cash equivalents increased to NTD 103,180 million ($103.18 billion).

• Total assets rose to NTD 737,441 million ($737.44 billion), and total equity reached NTD 210,675 million (equity attributable to owners: $135.78 billion).

• ROE was 14.86% (owners: 14.5%), current ratio was 87.44% (0.87), and interest coverage ratio was over 8x.

Segment performance

• F&B and Feeds contributed 42% of revenue, CVS & Other Retail 32%, Container & Packing 11%, and Others 15%.

• Convenience stores: $182.44 billion revenue; Circulation/distribution: $211.47 billion; Foods/feeds: $180.59 billion; Packaging and containers: $27.68 billion; Other segments: $70.68 billion.

• F&B and Feeds revenue grew 1%, CVS & Other Retail rose 1%, Container & Packing 3%, and Others remained stable.

• Segment income: F&B and Feeds down 12%, CVS & Other Retail up 3%, Container & Packing up 36%, Others up 9%; segment income highest in circulation/distribution and convenience stores.