New Risk • May 19
New major risk - Revenue and earnings growth Revenue has declined by 0.4% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Revenue has declined by 0.4% over the past year. Minor Risk Market cap is less than US$100m (NT$2.09b market cap, or US$66.1m). Reported Earnings • May 19
First quarter 2026 earnings released: EPS: NT$0.10 (vs NT$0.80 in 1Q 2025) First quarter 2026 results: EPS: NT$0.10 (down from NT$0.80 in 1Q 2025). Revenue: NT$483.1m (up 13% from 1Q 2025). Net income: NT$3.87m (down 88% from 1Q 2025). Profit margin: 0.8% (down from 7.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 14
Full year 2025 earnings released: EPS: NT$0.06 (vs NT$2.85 in FY 2024) Full year 2025 results: EPS: NT$0.06 (down from NT$2.85 in FY 2024). Revenue: NT$1.62b (flat on FY 2024). Net income: NT$2.31m (down 98% from FY 2024). Profit margin: 0.1% (down from 6.3% in FY 2024). 공시 • Mar 06
Walrus Pump Co., Ltd., Annual General Meeting, May 27, 2026 Walrus Pump Co., Ltd., Annual General Meeting, May 27, 2026. Location: no,83-14, ta p`ien t`ou, sanjhih district, new taipei city Taiwan Board Change • Feb 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 15
Third quarter 2025 earnings released Third quarter 2025 results: NT$0.19 loss per share. Net loss: NT$7.66m (flat on 3Q 2024). Reported Earnings • Oct 10
Second quarter 2025 earnings released: EPS: NT$0.03 (vs NT$1.15 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.03 (down from NT$1.15 in 2Q 2024). Revenue: NT$423.3m (down 5.6% from 2Q 2024). Net income: NT$1.18m (down 97% from 2Q 2024). Profit margin: 0.3% (down from 9.1% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (NT$2.92b market cap, or US$96.0m). 공시 • May 27
Walrus Pump Co., Ltd. Unveils Two Innovative Pump Series Walrus Pump Co., Ltd. is making its debut at 2025 Computex Taipei, taking place from May 20 to 23. The company has continued to advance its smart pump technology and offers comprehensive pump solutions. In addition to everyday and manufacturing applications, Walrus has expanded into advanced sectors such as data centers, EV charging station cooling, and heat exchange systems. Through continuous innovation and strategic market deployment, the Company has solidified its position as a leader in Taiwan's pump market. In terms of R&D, Walrus operates a dual-power Pump Dynamic Laboratory certified by both TAF and TUV. This cutting-edge facility provides validation and testing technologies that can be tailored to meet customer-specific needs for server modular system integration, ensuring precise optimization of pump head, flow rate, and motor performance. To strengthen its digital strategy, Walrus integrates IoT technology into pump automation and smart monitoring, offering remote control and predictive maintenance to enhance product reliability and safety. Additionally, Walrus provides timely customer support through its AI-powered service platform and dedicated after-sales service team, ensuring fast responses to maintenance needs. As global demand for server cooling surges, Walrus is showcasing its ambitions to enter the high-end server cooling market at this year's exhibition. Since 2024, it has steadily received orders for liquid cooling pumps for server applications and continues to invest in the development of Brushless DC (BLDC) motors. With strong R&D capabilities and highly competitive product quality, Walrus is poised to become the go-to partner for many domestic thermal module manufacturers. It also aims to strengthen its overseas presence through brand-driven market expansion, driving sustained growth and promising future performance. 공시 • Feb 27
Walrus Pump Co., Ltd., Annual General Meeting, May 27, 2025 Walrus Pump Co., Ltd., Annual General Meeting, May 27, 2025. Location: no,2-1 ln.2, hua kuang rd., lujhu district, kaohsiung city Taiwan New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Taiwanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (NT$2.16b market cap, or US$66.0m). 공시 • Oct 25
Walrus Pump Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 255 million. Walrus Pump Co., Ltd. has filed a Follow-on Equity Offering in the amount of TWD 255 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: TWD 51 공시 • Mar 22
Walrus Pump Co., Ltd., Annual General Meeting, Jun 03, 2024 Walrus Pump Co., Ltd., Annual General Meeting, Jun 03, 2024. 
