Merida Approves NT$2.8 Cash Dividend as Earnings Rebound

Merida held its Annual General Meeting on June 24, 2026, approving a cash dividend of NT$2.8 per share for 2025. In 2025, the Merida Group achieved a consolidated revenue of NT$26.76 billion and a net profit after tax of NT$1.22 billion, yielding an EPS of NT$4.01. This successful return to profitability indicates that the group’s operations and market sales are steadily recovering.

European and Chinese Markets Rebound

As European inventory levels return to a healthier state, Merida's sales momentum has noticeably accelerated, with its European subsidiaries recording a 13% year-on-year revenue growth from January to May 2026. Concurrently, the Chinese market has stabilized due to a resurgence in demand for entry- to mid-level bicycles; cumulative sales volume rose by 11% and revenue grew by 4% year-on-year for the first five months of 2026.

Inventory Control and Gross Margin Stability 

With the industry-wide inventory correction nearing its final stages, Merida is cautiously managing shipments to prevent any excess stock buildup retail-side. Driven by the continuous clearance of older inventory, an increasing sales ratio of newly launched products, and a stabilizing foreign exchange environment, the company's gross profit margin is on a steady upward trajectory.