Evergreen Marine has closed the second quarter of the year with a net profit after tax attributable to the shareholders of the parent company of 16.030 billion New Taiwan dollars (about 499.1 million US dollars), which represents a year-on-year increase of 46.33%. The consolidated revenues for the quarter amount to 105.160 billion New Taiwan dollars (about 3.300 billion dollars), 21.60% more than in the same period of the previous year, with an operating gross margin of 22.80% and earnings per share of 7.41 New Taiwan dollars.
The reading of the semi-annual accumulated results is different. In the first half of the year, the company has invoiced 191.670 billion New Taiwan dollars (about 6.000 billion US dollars), 2.43% less than in the same period of the previous year, with a net profit attributable of 24.340 billion New Taiwan dollars (about 757.5 million dollars), a decrease of 36.48%. The operating gross margin for the semester stands at 19.49% and the accumulated earnings per share reaches 11.24 New Taiwan dollars, a figure that the company itself emphasizes for already exceeding the equivalent of the circulating share capital.
The apparent contradiction between the strong pull of the second quarter and the accumulated decline of the semester is explained by the comparison with a 2025 fiscal year with abnormally high bases. The company and the analysts cited in the report attribute the year-on-year decline in semi-annual profit to the effect of the Red Sea crisis, which in the first half of 2025 drove freight rates to abnormally elevated levels. This year, the geopolitical risk premium has been decreasing and tariffs have been normalized, a factor that explains why the year-on-year decline in profits has been significantly greater than that of revenues.
In quarterly comparison, the net profit for the second quarter has grown strongly compared to the first, which closed with 8.300 billion New Taiwan dollars (about 258.4 million dollars) attributable to the shareholders of the parent company. The sequential growth exceeds 90%, a leap that the company attributes to a rebound in freight and volumes in the second quarter that was higher than expected by the market.
