Merry Electronics (2439) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 115 was NT$10,970,652 thousand, up 24% year-over-year from NT$8,858,184 thousand.

• Net income attributable to parent was NT$257,754 thousand, down 27% year-over-year.

• Gross margin remained stable at 12% for both periods.

• Major acquisition of MWT Holdings completed in Q1 115, expanding presence in Japan and Thailand.

Financial highlights

• Operating income for Q1 115 was NT$206,504 thousand, up 98% year-over-year.

• Net income for Q1 115 was NT$384,982 thousand, slightly down from NT$398,019 thousand year-over-year.

• Basic EPS for Q1 115 was NT$1.03, down from NT$1.42 year-over-year.

• Cash and cash equivalents at Q1 115 end were NT$7,934,047 thousand, down from NT$10,916,520 thousand a year ago.

• Operating cash flow for Q1 115 was NT$1,431,612 thousand, down from NT$2,881,214 thousand year-over-year.

Outlook and guidance

• Management expects the MWT Holdings acquisition to enhance market penetration and vertical integration in Northeast Asia.

• No explicit forward guidance provided, but focus remains on expanding operational scale and improving profitability.