Evergreen Marine's Q1 EPS at NT$3.84, Expects Momentum and Freight Rate Climb in Peak Season
Evergreen Marine's Q1 net profit after tax was NT$8.304 billion, down nearly 70% year-on-year, with an EPS of NT$3.84, dragged down by lower freight rates despite higher cargo volume. The company stated that as the traditional peak season approaches, shippers' willingness to prepare goods in advance has increased, which is expected to boost shipping momentum and freight rate levels.
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 21:29
- 🔍 Collected: May 14, 2026 at 22:02 (33 min after Published)
- 🤖 AI Analyzed: May 14, 2026 at 22:40 (37 min after Collected)
(Central News Agency, Reporter Chiang Ming-yen, Taipei, 14th) Evergreen Marine's cargo volume in the first quarter grew compared to the same period last year, but freight rates declined, dragging down the first-quarter net profit after tax to NT$8.304 billion, a year-on-year decrease of nearly 70%, with earnings per share (EPS) of NT$3.84. Evergreen stated that as the traditional peak season gradually approaches, shippers' willingness to prepare goods in advance has increased, which will help boost shipping momentum and freight rate levels.
Evergreen Marine's board of directors today approved the Q1 2026 financial report, with consolidated revenue of NT$86.511 billion, a year-on-year decrease of 21.33%. Net profit attributable to the parent company was NT$8.304 billion, a decrease of 69.65% compared to the same period last year. The operating gross margin was 15.47%, and earnings per share (EPS) were NT$3.84.
Evergreen mentioned that in Q1 2026, cargo volume grew compared to the same period last year, but freight rates declined, affecting overall revenue and profit performance.
Looking ahead, Evergreen Marine explained that as the traditional peak season gradually approaches, and given the uncertainties in global supply chains and trade tariffs, shippers' willingness to prepare goods in advance has increased. This is expected to help boost shipping momentum and freight rate levels, but the changes and impacts of the situation in the Middle East and the Red Sea must continue to be monitored.
Evergreen Marine pointed out that in response to the variable global economic and trade situation and geopolitics, it will uphold strategic resilience and improve asset allocation efficiency, turning changes into opportunities for deployment, and accelerating the transformation of its low-carbon fleet. (Editor: Chang Jo-yao) 1150514
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Evergreen Marine's board of directors today approved the Q1 2026 financial report, with consolidated revenue of NT$86.511 billion, a year-on-year decrease of 21.33%. Net profit attributable to the parent company was NT$8.304 billion, a decrease of 69.65% compared to the same period last year. The operating gross margin was 15.47%, and earnings per share (EPS) were NT$3.84.
Evergreen mentioned that in Q1 2026, cargo volume grew compared to the same period last year, but freight rates declined, affecting overall revenue and profit performance.
Looking ahead, Evergreen Marine explained that as the traditional peak season gradually approaches, and given the uncertainties in global supply chains and trade tariffs, shippers' willingness to prepare goods in advance has increased. This is expected to help boost shipping momentum and freight rate levels, but the changes and impacts of the situation in the Middle East and the Red Sea must continue to be monitored.
Evergreen Marine pointed out that in response to the variable global economic and trade situation and geopolitics, it will uphold strategic resilience and improve asset allocation efficiency, turning changes into opportunities for deployment, and accelerating the transformation of its low-carbon fleet. (Editor: Chang Jo-yao) 1150514
Stand with the facts; every contribution you make is a force for protecting the freedom of the press.
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The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.