Air Asia (2630) Q1 2026 earnings summary

Executive summary

• Reviewed consolidated financials for the three months ended March 31, 2026 and 2025, with no material misstatements identified by independent auditors.

• Principal activities include aircraft maintenance, renovation, upgrades, and integrated logistic support services.

Financial highlights

• Operating revenue for Q1 2026 was NT$1,096,139 thousand, down from NT$1,258,783 thousand year-over-year.

• Net profit for Q1 2026 was NT$17,999 thousand, a decrease from NT$30,061 thousand in Q1 2025.

• Basic and diluted EPS for Q1 2026 were NT$0.09, compared to NT$0.14 in Q1 2025.

• Gross profit margin remained stable at 9% for both periods.

• Cash and cash equivalents at March 31, 2026 were NT$184,907 thousand, down from NT$226,727 thousand at year-end 2025.

Outlook and guidance

• The Group is evaluating the impact of new IFRS standards, including IFRS 18, which will affect presentation and disclosure from 2028.

• No significant impact expected from other new standards not yet endorsed.