Dyaco Turns Profitable with NT$107 Million Net Income in First Half, Commercial Products Drive Revenue Recovery in Second Half

Dyaco (1598-TW) has announced its latest financial report. Benefiting from operational transformation and gains from asset disposals, the company achieved a post-tax net profit of NT$107 million in the first half of the year, turning profitable compared to the same period last year, with earnings per share at NT$0.64. Dyaco stated that its commercial fitness equipment has successfully entered major large-scale chain gyms in North America, and it expects revenue to return to growth in the second half.

Dyaco's second-quarter revenue reached NT$1.281 billion, down 21.79% quarter-on-quarter and 1.61% year-on-year. Gross margin was 38.56%, down 3.56 percentage points quarter-on-quarter and 0.68 percentage points year-on-year. Operating margin was -9.91%, turning negative from the first quarter, with operating losses widening compared to the same period last year. However, post-tax net profit reached NT$65 million, up 54.76% quarter-on-quarter and turning profitable year-on-year, with earnings per share at NT$0.39.

By product revenue mix, in the second quarter, home fitness equipment accounted for 61.8%, commercial fitness equipment for 27.1%, rehabilitation medical business for 6%, and electric assist bicycles (E-Bikes) for 3.7%.

Cumulative first-half revenue totaled NT$2.919 billion, down 7.8% year-on-year. Gross margin improved to 40.56%, up 3.48 percentage points year-on-year. Operating margin was -2.4%, with operating losses narrowing compared to the same period last year. Post-tax net profit reached NT$107 million, turning profitable year-on-year, with earnings per share at NT$0.64.

Looking ahead to the second half, Dyaco indicated that its commercial fitness equipment business will be the primary growth driver this year. The company recently succeeded in entering major North American chain gyms, including Anytime Fitness, Orangetheory Fitness, and Snap Fitness, and plans to continue deepening its presence in the North American market while expanding into other regions.

Dyaco has increased investment in R&D for commercial strength training products, which were previously underdeveloped, launching a new line of commercial strength training equipment that is gradually converting into orders. The company noted that its market share in commercial fitness equipment was only about 0.3% in 2025, with a five-year goal to exceed 1%.

Additionally, Dyaco continues to expand diversified growth sources, announcing in late July its entry into the unmanned vehicle market. It has established a U.S. subsidiary, Santi Innovation, assembled an experienced team, and completed the initial setup of a local production base in the United States.