Formosa Petrochemical Declares 1.2 TWD Dividend; Chairman Cao Ming Targets Profit Growth

The 2026 shareholders' meeting for the Formosa Group kicked off today with Formosa Petrochemical (FPCC). Chairman Cao Ming stated that despite intense international volatility, the company is confident in achieving better results this year, aiming for profit growth compared to last year. General Manager Lin Ke-yen added that while the US-Iran war has hindered raw material procurement, potentially impacting revenue targets, the resulting supply tightness has improved refining margins, keeping the profit target achievable. Cao noted that the blockade of the Strait of Hormuz following the outbreak of the US-Iran war in late February caused global energy supply disruptions, with Dubai crude prices briefly exceeding 150 USD per barrel. FPCC is diversifying its procurement sources, including Brazil, Africa, and the US, to ensure stability. Despite global economic and geopolitical tensions, FPCC reported a net profit of 9.875 billion TWD for 2025, a 65.4% year-on-year increase, with earnings per share of 1.04 TWD. To reward shareholders, the meeting approved a cash dividend of 1.2 TWD per share.