Evergreen Marine Corporation (Taiwan) (2603) Q2 2025 earnings summary

Executive summary

• Operating revenue for the six months ended June 30, 2025 was NT$196.5 billion, up slightly from NT$195.0 billion year-over-year.

• Net profit for the six months was NT$38.3 billion, down from NT$46.8 billion in the prior year period.

• Basic EPS for the six months was NT$17.70, compared to NT$21.86 for the same period last year.

• The company completed the acquisition of ITS in February 2024, strengthening its European operations.

Financial highlights

• Gross profit margin for the six months was 28%, up from 26% year-over-year.

• Operating profit for the six months was NT$43.8 billion, down from NT$56.0 billion year-over-year.

• Cash and cash equivalents at June 30, 2025 were NT$225.0 billion, up from NT$187.8 billion a year earlier.

• Total assets at June 30, 2025 were NT$871.1 billion, up from NT$826.7 billion at June 30, 2024.

• Total equity attributable to owners at June 30, 2025 was NT$499.8 billion.

Outlook and guidance

• The company continues to invest in fleet expansion and infrastructure, with significant shipbuilding and equipment contracts outstanding.

• Dividend policy remains robust, with NT$70.4 billion in cash dividends appropriated for 2024 (NT$32.5 per share).