Evergreen Marine Corporation (Taiwan) (2603) Q3 2025 earnings summary

Executive summary

• Operating revenue for the nine months ended September 30, 2025 was NT$293.4 billion, down from NT$347.8 billion year-over-year, reflecting a challenging shipping market.

• Net profit for the nine-month period was NT$60.1 billion, a significant decrease from NT$108.8 billion in the prior year.

• Gross margin for the nine months was 26%, compared to 39% in the same period last year.

• The company maintained a strong cash position with NT$162.5 billion in cash and equivalents as of September 30, 2025.

Financial highlights

• Operating revenue for Q3 2025 was NT$96.9 billion, down from NT$152.8 billion in Q3 2024.

• Q3 2025 net profit was NT$22.1 billion, compared to NT$61.9 billion in Q3 2024.

• Basic EPS for the nine months was NT$27.74, down from NT$50.68 year-over-year.

• Total assets as of September 30, 2025 were NT$847.1 billion, with equity attributable to owners at NT$540.8 billion.

• Cash flows from operating activities for the nine months were NT$139.2 billion.

Outlook and guidance

• The company continues to invest in fleet renewal and expansion, with significant new vessel and container orders placed in Q4 2025.

• Management remains focused on maintaining liquidity and operational flexibility amid ongoing market volatility.