Yang Ming Marine Transport (2609) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2026 was NT$84,583,500 thousand, nearly flat year-over-year, with gross profit margin declining from 19% to 13% due to higher operating costs.

• Net profit for the six months was NT$7,315,606 thousand, down from NT$8,890,605 thousand in the prior year period, reflecting lower operating income and increased expenses.

• Total comprehensive income for the six months was NT$8,637,254 thousand, a significant improvement from a loss of NT$3,748,578 thousand in the prior year, mainly due to reduced negative foreign currency translation effects.

Financial highlights

• Operating revenue for Q2 2026 was NT$45,923,000 thousand, up 19% year-over-year; gross profit margin for Q2 was 17%.

• Operating costs increased to 87% of revenue for the six months, up from 81% in the prior year.

• Earnings per share for the six months were NT$2.05 (basic and diluted), compared to NT$2.51 and NT$2.50, respectively, in the prior year.

• Cash and cash equivalents at June 30, 2026 were NT$127,083,078 thousand, up from NT$106,533,812 thousand at year-end 2025.

• Total assets stood at NT$457,760,267 thousand, with equity representing 72% of total capital.

Outlook and guidance

• The Group is monitoring the impact of new IFRS standards effective from 2027 and is assessing their potential effects on financial reporting.

• Management continues to evaluate the impact of global economic conditions, environmental regulations, and geopolitical risks on future performance.