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Century Energy Reports Record Nine-Month Profit, EPS Hits NT$12.18
Producer Manufacturing · Industrial Machinery · economic_daily · 2026-11-04
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Century Energy's net profit for the first three quarters reached NT$2.257 billion, surpassing its full-year performance from last year, driven by offshore foundation projects.
What Happened
Operational Performance: Century Energy announced a net profit of NT$2.257 billion for the first nine months of the year, a 75.7% year-on-year increase, with earnings per share (EPS) reaching NT$12.18. This performance has already surpassed the company's total profit for the previous year, setting a new historical record despite a decline in third-quarter gross margin to 20.5%.
Profit Structure: The third-quarter results were primarily driven by an increased proportion of Engineering, Procurement, and Construction (EPC) projects for offshore foundations. While the broader scope and higher contract values of these EPC projects led to a 12.1 percentage point drop in gross margin, the overall scale of operations resulted in a 16.1% increase in gross profit compared to the same period last year.
Growth Strategy: Capitalizing on the surge in electricity demand driven by AI and the broader energy transition, Century Energy has launched three key growth strategies. The company aims to deepen its presence in the domestic market by increasing local production rates, expanding capacity, and optimizing its EPC project mix to drive revenue growth.
Future Outlook: The company has set a strategic goal to increase the revenue contribution from its offshore foundation EPC projects to 90% within the next three years. By focusing on critical energy infrastructure, Century Energy intends to solidify its market leadership amidst the ongoing green energy transition.