Formosa Group's June Revenue: FCFC and FPCC Report Year-on-Year and Month-on-Month Growth; Nan Ya Electronic Materials Up 31.8% Amid Stable Demand

Formosa Plastics (1301-TW) Group today (9) announced June revenues and earnings outlook for Q2 and the first half of 2026. Far Eastern Chemical (FCFC, 1326-TW) and Formosa Petrochemical (FPCC, 6505-TW) both posted year-on-year and month-on-month revenue growth in June. Nan Ya Plastics (1303-TW) reported a 31.8% year-on-year revenue increase in electronic materials, which remained resilient against geopolitical conflicts and raw material price fluctuations, supported by monthly price adjustments.

Nan Ya's June revenue reached NT$27.13 billion, down 5.9% month-on-month but up 31.8% year-on-year. Its first-half cumulative revenue totaled NT$152.24 billion, up 16% year-on-year. Nan Ya noted that its electronic materials business was unaffected by geopolitical disruptions. Capacity utilization rates for IC substrates, copper-clad laminates, and fiberglass cloth (yarn) significantly exceeded those of the same period last year. Strong growth in both sales volume and pricing contributed to substantial revenue and profit gains.

FCFC reported June revenue of NT$27.666 billion, up 1% month-on-month and 11.6% year-on-year. First-half cumulative revenue reached NT$168.904 billion, up 10.8% year-on-year. FCFC attributed the growth to the restart of operations after the ARO-3 unit maintenance, along with increased production and sales of PX, raffinate, and phenol. However, FCFC warned that after mid-June, oil and petrochemical feedstock prices dropped rapidly following a U.S.-Iran peace agreement, and competitive price-cutting by peers led to more conservative customer procurement, creating downward pressure on future product prices.

FPCC recorded June revenue of NT$63.683 billion, up 10.2% month-on-month and 18.5% year-on-year. First-half revenue totaled NT$344.972 billion, up 8.2% year-on-year. FPCC stated that refinery segment revenue increased 18% month-on-month, supported by the completion of scheduled maintenance and continuous crude oil deliveries, which boosted refining and sales volumes, offsetting the negative impact of falling oil prices on selling prices.

Formosa Plastics reported June revenue of NT$13.976 billion, down 6.5% month-on-month and 2.7% year-on-year. First-half revenue totaled NT$89.239 billion, down 3.6% year-on-year. The company cited the June 17 U.S.-Iran reconciliation memorandum as a key factor: the reopening of the Strait of Hormuz led to immediate declines in international crude and naphtha prices. As ethylene and propylene prices also fell, market prices for major products declined by 4–20% on average compared to May.