Giant Manufacturing (9921) Q3 2025 earnings summary

Executive summary

• Net sales revenue for the nine months ended September 30, 2025, was NT$47,960 million, down 17% year-over-year, with net profit attributable to owners at NT$907 million, a 58% decrease from the prior year.

• Gross margin remained stable at 20% for the nine-month period, despite lower sales.

• Earnings per share for the nine months were NT$2.31 basic and NT$2.30 diluted, compared to NT$5.54 and NT$5.41, respectively, in the prior year.

Financial highlights

• Operating income for the nine months was NT$1,259 million, down from NT$2,902 million year-over-year.

• Total comprehensive income for the period was NT$281 million, a significant decline from NT$3,566 million in the prior year.

• Cash and cash equivalents at period end were NT$12,748 million, down from NT$15,808 million a year earlier.

• Net cash generated from operating activities was NT$10,232 million, with net cash used in investing and financing activities of NT$1,432 million and NT$9,532 million, respectively.

Outlook and guidance

• Management expects the initial application of new IFRS standards in 2026 to have no material impact.

• The company continues to assess the impact of Pillar Two income tax legislation, with no significant effect as of September 2025.