Wang Steak Group's First-Half Earnings Per Share Near NT$10, Setting New Records

Wang Steak Group (2727) announced robust financial results for the first half of 2026, with net profit reaching NT$820 million, a 25.15% increase year-on-year. Earnings per share stood at NT$9.86, nearing a full stock capital, marking a new high. The second quarter alone saw a consolidated revenue of NT$6.4 billion, up 16.76% from the previous year, with a net profit of NT$400 million, a 39.12% increase, and earnings per share of NT$4.82.

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Wang Steak Group today announced its second quarter consolidated revenue reached NT$6.4 billion, an annual increase of 16.76%, with after-tax net profit of NT$400 million, an increase of 39.12% compared to the same period last year, and earnings per share of NT$4.82. Both quarterly revenue and profit hit historical highs for the same period.

This strong performance is attributed to several factors. The Taiwanese business segment reported NT$5.18 billion in revenue for the second quarter, surpassing NT$10 billion for the first half. This growth was fueled by multiple holidays, including the Qingming Festival, Labor Day, and Mother's Day, which drove significant dining demand. Furthermore, Taiwan's economy experienced a remarkable surge, with a 12.92% GDP growth in the second quarter, the highest in nearly 40 years. This economic expansion boosted consumer confidence and disposable income, leading to a "consumption upgrade" trend in the dining market.

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Wang Steak Group's cumulative first-half consolidated revenue reached NT$12.92 billion, an annual increase of 12.97%, with after-tax net profit of NT$820 million, an annual increase of 25.15%, and earnings per share of NT$9.86, which is NT$1.98 more than the NT$7.88 earnings per share in the same period last year, nearing a full stock capital, setting a new record.

The company's operations in China also showed continuous improvement, with second-quarter revenue increasing by 24.44% to NT$1.22 billion. This dual growth engine across Taiwan and China has laid a strong foundation for the group's expansion. Looking ahead to the third quarter, Wang Steak Group is preparing to capitalize on summer and holiday business. The company plans to open three new "Ju Japanese Hot Pot" locations, one "Shabu-Shabu" restaurant, and one "Tien Hsiang" steakhouse, alongside other brand promotions and festive menus for Father's Day and Qixi Festival to further enhance its market presence.

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Taiwan's business group's second-quarter revenue reached NT$5.18 billion, and first-half revenue exceeded NT$10 billion, reaching NT$10.47 billion. This was mainly due to multiple consecutive holidays, including the Qingming Festival, Labor Day, and Mother's Day, which are peak seasons for group dining.