Taisun Holdings Reports Increased Profits, H1 EPS at 3.84 NTD, No Dividend Distribution for First Half

Logistics provider Taisun Holdings (2636-TW) announced a net profit of NT$5.26 billion for the first half of the year, down 15.4% year-on-year. Earnings per share (EPS) stood at 3.84 NTD. Considering overall operating cash flow needs and future development plans, the board of directors decided not to distribute profits for the first half of 2026. Taisun explained that related profits will be retained for operating cash flow use, and annual profit distribution will be handled in conjunction with the company's annual operating results and dividend policy.

Taisun's first-half consolidated revenue was NT$114.2 billion, up 1.6% year-on-year, with operating income of NT$16.92 billion and a gross margin of 14.8%. Taisun stated that in the face of global economic conditions, geopolitical risks, trade policies, and changes in supply chain structures, the group has deepened its global market layout and leveraged the flexibility of its asset-light operating model, combining industry expertise and market insights to effectively strengthen overall operational resilience and capital utilization efficiency.

Taisun's first-half sea freight revenue was NT$70.06 billion, with operating income of NT$9.53 billion, down 3.6% and 18.8% year-on-year, respectively. However, air freight revenue was NT$32.78 billion, with operating income of NT$5.01 billion, up 20.4% and 27.6% year-on-year, respectively, with the gross margin rising to 15.3%, reflecting the strong contribution of AI server and semiconductor shipments to air freight.

Taisun emphasized that in response to changing market supply and demand and customer needs, the group will adjust resource allocation through a diversified logistics service combination to mitigate the impact of single-market volatility on overall operations.

As of the end of June, Taisun Group's cash and cash equivalents totaled NT$75.62 billion. Looking ahead to the second half of the year, Taisun believes that the global trade and logistics markets will continue to be influenced by factors such as geopolitical risks, international trade policies, energy prices, capacity allocation, interest rates, and exchange rates. At the same time, the development of AI, high-tech, and semiconductor industries, as well as the adjustment of enterprise production bases and the trend of supply chain regionalization, will continue to affect the demand structure of cross-border logistics and supply chains.