Uni-President Enterprises (1216) Q1 2025 earnings summary

Executive summary

• Q1 2025 consolidated revenue rose 6.62% year-over-year to NTD 169,265 million, with gross profit up 8.54% and operating profit up 15.24%.

• Profit after tax attributable to owners declined 6.81% year-over-year to NTD 5,157 million, and EPS decreased 6.19% to NTD 0.91.

• Total comprehensive income for the period was NT$10.8 billion, with NT$7.04 billion attributable to owners and NT$3.77 billion to non-controlling interests.

• Segment revenue growth was led by CVS & Other Retail (+12%) and F&B and Feeds (+4%).

• The group maintained a strong cash position with NT$100.9 billion in cash and equivalents at quarter-end.

Financial highlights

• Gross margin improved by 0.59 percentage points to 33.16% year-over-year.

• Operating profit rose to NT$10.0 billion, up from NT$8.7 billion year-over-year.

• Operating margin increased by 0.44 percentage points to 5.91%.

• Pretax margin slightly decreased by 0.15 percentage points to 6.69%.

• Basic and diluted EPS were NT$0.91 and NT$0.90, respectively, compared to NT$0.97 in Q1 2024.

Outlook and guidance

• Continued focus on expanding Asian distribution and logistics platforms.

• Ongoing investments in logistics centers to enhance group synergy and distribution efficiency.

• Environmental sustainability targets include reducing GHG emission intensity by 1.5% per year and cutting emissions by 38% below 2005 levels by 2030.

• The board proposed a cash dividend of NT$3 per share for 2024 earnings, matching the prior year.

• The group is assessing the impact of new Pillar Two global minimum tax rules, with no material quantitative impact yet estimable.