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F-鈺齊 Reports Q3 EPS of NT$0.68 Amid Rising Operational Costs
Consumer Non-Durables · Apparel/Footwear · economic_daily · 2026-10-20
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Outdoor footwear manufacturer F-鈺齊 reported a significant year-over-year decline in Q3 profits, citing tariff impacts, material price volatility, and new plant startup costs.
What Happened
Financial Results: F-鈺齊 released its Q3 financial results, reporting an operating profit of NT$719 million with a gross margin of 13.2%. Net profit for the quarter fell 54.6% year-over-year to NT$136 million, resulting in an EPS of NT$0.68. For the first nine months, the company recorded a net profit of NT$494 million, representing a 42.1% decline compared to the previous year.
Profitability Headwinds: The company noted that profitability remains under pressure due to several external factors, including tariff-related costs, volatile raw material prices, and rising labor wages. Additionally, the company is incurring higher fixed costs and learning curve expenses as it ramps up utilization rates at its newly established production facilities.
Operational Strategy: F-鈺齊 continues to execute its multi-brand manufacturing strategy, currently serving over 50 clients with its top ten customers accounting for more than 80% of total volume. The group is actively optimizing its global production footprint, with new facilities in Vietnam and Indonesia entering trial production in the second half of 2025.
Market Presence: Vietnam remains the company's primary production hub, contributing 65.73% of total output, followed by Cambodia, China, and Indonesia. Europe remains the largest sales market at 40.44%, followed closely by the Americas, underscoring the company's significant footprint in the global outdoor footwear industry.