Giant Group reported a strong rebound in the second quarter of 2026, with consolidated revenue returning to year-on-year growth and net profit increasing sharply. The company’s Board of Directors approved its first-half financial results on August 7.

For the first half of 2026, Giant Group posted consolidated revenue of NT$29.19 billion and net profit after tax of NT$435 million, with earnings per share (EPS) of NT$1.11.

The group’s OEM business was affected during the first half by structural factors, including a high base in the same period last year and adjustments to shipping schedules to the US. However, operating momentum strengthened significantly in the second quarter as new product launches began to contribute and market demand gradually recovered.

Second-quarter consolidated revenue reached NT$16.67 billion, up 5.8% year on year. Net profit after tax surged 234% to NT$630 million, while quarterly EPS reached NT$1.62.

New Products and Product Mix Support Margin Improvement

Giant Group’s own-brand business remained resilient during the first half. Sales in Europe and the US benefited from the introduction of new model-year bicycles, while the China market returned to growth in the second quarter, with the cumulative decline continuing to narrow.

The GIANT brand’s new flagship Propel aero road bike performed strongly in the second quarter. At the same time, the higher proportion of own-brand products with stronger margins and limited reliance on heavy clearance discounts improved the group’s overall profit structure.

As a result of the product mix optimization, Giant Group’s first-half gross margin increased to 22.3%, compared with 19.1% in the same period last year. The second-quarter gross margin rose further to 24.2%.

Operating profit for the first half reached NT$809 million, reflecting the group’s cost control and own-brand profitability.

Giant Remains Cautiously Optimistic for H2

Looking ahead to the second half, Giant Group said it remains cautiously optimistic about the recovery in its overall operations.

Inventory adjustments in the European market are nearing completion. With the traditional peak sales season approaching and new model-year bicycles being rolled out globally, the group said market demand has recovered significantly.

In China, demand continues to be supported by the cycling trend, resulting in stable market performance. In the US, however, consumer trends remain conservative amid geopolitical factors and other external uncertainties. Giant Group said it will continue to monitor market developments and adjust its response accordingly.

Amid the global macroeconomic challenges, Giant Group will continue to increase the proportion of higher-margin products through new product introductions. The company also plans to leverage its brand strength and global channel resilience to maintain operational stability and earnings quality.

Photo: Giant Group