Formosa Plastics Group's Four Core Companies Report Q2 Earnings: 45.5% YoY Growth, Nan Ya Achieves Record H1 EPS of NT$5.17

Formosa Plastics (1301-TW) Group's four core companies announced today (9th) their June revenues, as well as self-reported Q2 and first-half earnings. The combined net profit for the four companies in Q2 reached NT$64.276 billion, a 45.5% year-on-year increase. The first-half cumulative net profit totaled NT$108.453 billion, with all four companies shifting from losses to profits compared to the same period last year (2025).

Among them, Nan Ya Plastics (1303-TW) benefited from the global AI wave and cloud service providers investing heavily in building hyperscale data centers, leading to a surge in demand for high-end materials across the supply chain. The company posted a Q2 net profit of NT$26.753 billion, a 87.7% quarter-on-quarter increase, with EPS of NT$3.37, setting a new historical high. Cumulative first-half net profit reached NT$42.225 billion, with EPS of NT$5.17, marking record highs for both quarterly and half-year profits.

Formosa Plastics reported a Q2 net profit of NT$10.652 billion, a 225.8% increase from the previous quarter, with quarterly EPS of NT$1.67 and H1 EPS of NT$2.19.

The company stated that the U.S.-Iran conflict pushed up petrochemical product prices, and combined with its low-cost inventory from earlier periods, significantly improved product margins, enabling its core business to turn profitable in Q2. Additionally, it recognized NT$8.35 billion in equity investment income, an increase of NT$3.3 billion from the previous quarter. In the first half, the conflict similarly drove up international crude oil and petrochemical prices, resulting in NT$13.39 billion in equity investment income, contributing to the core business turning profitable.

Formosa Chemicals & Fibre (1326-TW) reported a Q2 net profit of NT$6.093 billion, a 2.4% decrease quarter-on-quarter, with quarterly EPS of NT$1.04. First-half net profit was NT$12.337 billion, with EPS of NT$2.11, turning profitable compared to losses last year.

The company emphasized continuous optimization of product mix and lean production, adjusting production and sales strategies in response to market conditions to maximize profitability. The U.S.-Iran conflict boosted oil and product prices, widening the margin between product selling prices and raw material costs, increasing operating profit by NT$8 billion. Additionally, equity investment income rose by NT$10.88 billion, foreign exchange losses decreased by NT$2.6 billion, and cash dividends increased by NT$340 million, resulting in a total NT$13.82 billion increase in non-operating net income.

Formosa Petrochemical (6505-TW) reported a Q2 net profit of NT$20.778 billion, a 1.8% increase from the previous quarter, with EPS of NT$2.18. Cumulative first-half net profit reached NT$41.186 billion, with EPS of NT$4.32.

The company noted that refining operations saw significantly higher profitability compared to the same period last year, primarily due to the sharp rise and subsequent fall in crude oil prices during the first half, which generated inventory and procurement gains, in contrast to last year’s steadily declining prices. Additionally, export fuel price spreads strengthened considerably.