Giant Group (Group) is reporting that the company’s Board of Directors has approved the financial report for the first half (H1) of 2026, including second quarter figures. Cumulative consolidated revenue for H1 2026 reached NT$29.19 billion, with net profit after tax of NT$435 million, generating an earnings per share (EPS) of NT$1.11.
Giant Group reports in the New Taiwan dollar (NT$) currency.
“Although the OEM business in the first half of the year was affected by structural factors such as last year’s high base period and adjustments in the shipping schedule to the U.S., the Group’s Q2 operational momentum rebounded strongly as the benefits of new bike launches gradually materialized and market demand steadily recovered,” the company said in a preliminary earnings release. ”
Consolidated revenue for the second quarter returned to a growth track, increasing 5.8 percent year-over-year (y/y) to NT$16.67 billion. Net profit after tax for Q2 reached NT$630 million, representing a surge of 234 percent y/y, boosting single-quarter EPS to NT$1.62, which was said to demonstrate “the effective execution of the Group’s product strategy and global market positioning.”
Giant Group said its Own-Brand business showed strong resilience in the first half of the year. Sales growth in the European and U.S. markets was driven by the launch of new model-year bikes, while the China market returned to a growth trajectory in Q2, with the cumulative rate of decline continuing to narrow.
The company reported that strong Q2 sales of the new flagship aero road bike, Propel, under the Giant brand, combined with a significant increase in the proportion of high-margin Own-Brand products and little need for heavy clearance discounts, substantially improved the overall profit structure.
Benefiting from product mix optimization, Giant’s overall gross margin rate in the first half of the year rose against the trend to 22.3 percent of revenue, compared to 19.1 percent in the H1 period last year. The second quarter gross margin rate rebounded even further, reaching 24.2 percent of revenue for the period. Operating profit for H1 reached NT$809 million, which was said to showcase excellent cost control and brand profitability.
Second Half Outlook
Looking ahead to the second half of the year, Giant Group said it remains cautiously optimistic about the overall operational recovery. Inventory adjustments in the European market are nearing completion, and with the arrival of the traditional peak sales season and the global roll-out of new model-year bikes, demand has recovered significantly.
The company said the China market continues to benefit from steady demand driven by the cycling trend, delivering stable market performance. However, they also said the consumer trend in the U.S. market remains conservative due to geopolitical factors and external uncertainties. The Group said it will closely monitor market changes to respond flexibly.
In the face of challenges in the global macroeconomic environment, Giant Group said it will continue to drive up the proportion of high-margin products through the introduction of new products, while leveraging its strong brand influence and global channel resilience to maintain a steady operational pace and earnings quality.
