Reported Earnings • May 06
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: NT$4.00 (down from NT$5.15 in 1Q 2025). Revenue: NT$8.90b (down 10% from 1Q 2025). Net income: NT$1.07b (down 16% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Taiwan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Buy Or Sell Opportunity • Apr 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to NT$221. The fair value is estimated to be NT$279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Mar 31
Makalot Industrial Co., Ltd. Presents Material Intelligence in Motion and New Collections At Functional Fabric Fair Spring Makalot Industrial Co., Ltd. presented a connected view of material development, product creation, and manufacturing execution, brought to life through new collections, fabric platforms, and smart textile innovations. The 'Post-Apocalyptic Trail' collection defines Makalot's approach to everyday performance. It showcases exactly what is possible when material innovation and product development are engineered in tandem from the start. Designed for the unpredictability of modern life, the collection features modular constructions, multi-pocket systems, and distressed textures that gain character through use. These elements are supported by abrasion resistance, water repellency, UV protection, and easy-care fabrication. Each piece transcends its technical attributes, creating a final product where the fabric and the function are indistinguishable. This integration of material and design thinking extends across Makalot's four fabric platforms: SENSORY MATTER, STRUCTURED DIMENSION, KINETIC PERFORMANCE, and CIRCULAR MATERIALS. Rather than simple material offerings, these platforms serve as a foundation for product development. This allows brand partners to transition seamlessly from material concept to final product, leveraging Makalot's design and manufacturing intelligence integrated from day one. Makalot's WIIM platform integrates multi-patented technology directly into the material DNA. By prioritizing safety and wearability, the platform expands the boundaries of what a garment can do. From physiological-signal sensing and integrated climate control to motion-capture and muscle-stimulation, WIIM provides the architecture for the next generation of active apparel. FFF SP26 highlights include: LIGHTFIBER — a patented electroluminescent fiber and the world's first wearable neon light, offering up to 100 meters of visibility for activewear and nighttime outdoor use; Elastic Conductor — a stretchable electronic conductor tested through more than 2,200 wash cycles; Smart Tracking — RFID fibers and dual-frequency labels enabling inventory management and consumer-facing features; Heated Vest (co-developed with Clim8) — lightweight, washable, battery-powered, with app-controlled heat adjustment. 
