Cathay Financial Holding posts 26% profit jump in July

Cathay Financial Holding (中租-KY) announced a strong performance for July, with net profit soaring 26% year-on-year to NT$1.87 billion. This surge, equivalent to NT$1.07 per share, was attributed to a decrease in overall cost and expense ratios, particularly reduced expected credit losses in Taiwan and China. For the first seven months of 2026, the company's cumulative net profit rose 6% to NT$12.69 billion, with earnings per share at NT$6.91.

July also saw Cathay Financial Holding's consolidated revenue reach a new high for the year, totaling NT$8.46 billion, a 7% increase compared to the same period last year. While cumulative revenue for the first seven months is down 1% year-on-year to NT$56.76 billion, the monthly performance indicates a positive trend. Revenue growth was particularly strong in Taiwan and China, which saw month-on-month increases of 7% and 6% respectively.

The ASEAN market continues to be a standout performer, with cumulative revenue up 14% year-on-year. This regional strength contributed significantly to the overall profit growth, with the ASEAN market's cumulative profit increasing by 14% compared to the previous year. Taiwan and China also showed profit growth, up 7% and 6% respectively.