President Chain Store (2912) Q4 2025 earnings summary

Executive summary

• Consolidated revenue grew 3.8% year-over-year in 2025, led by 7-Eleven Taiwan, COSMED, Starbucks, and others, with store network expanding to 13,866 locations.

• Profitability in 2024 was boosted by one-time gains; excluding these, profit continued to grow in 2025, though reported net income declined 3% due to these one-off items.

• Gross profit and margin improved due to product mix optimization and economies of scale.

• Consolidated financial statements for 2025 and 2024 were audited and present fairly in accordance with IFRS and local regulations.

• The group operates convenience stores, retail, logistics, and other segments across Taiwan, China, the Philippines, and Japan.

Financial highlights

• Consolidated revenue reached NT$350.7 billion in 2025, up from NT$337.9 billion in 2024 (+3.8%).

• Net income attributable to owners was NT$11.2 billion in 2025, down 2.8% from 2024.

• Gross profit margin remained stable at 34% for both years.

• Operating profit margin was 4.0% in 2025; net income margin was 3.8%.

• Board approved a cash dividend of NT$9 per share, payout ratio of 83%.

Outlook and guidance

• 7-Eleven Taiwan targets a net increase of 150–200 stores in 2026, focusing on quality and digital operations.

• Operating profit expected to maintain an upward trajectory with enhanced efficiency.

• 7-Eleven Philippines aims for 7,000 stores long-term, with rapid expansion and digital integration.

• Continued investment in AI, logistics, and OMO integration to drive future growth.

• New IFRS standards effective from 2026 are not expected to have significant impact.