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Wan Hai Q3 Profit Rises 89% QoQ, Spends NT$10.7 Billion on Containers

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Wan Hai posted Q3 revenue of NT$59.615 billion, net profit after tax of NT$21.793 billion, and EPS of NT$7.77, up 89.05% QoQ. Its board approved NT$10.701 billion to buy over 109,200 containers. EPS for the first three quarters was NT$14.61.

Q3 Profit Surges, First-Three-Quarter EPS Reaches NT$14.61

Container carrier Wan Hai (2615) reported sharply higher third-quarter profit, with consolidated revenue of 596.15億元, net profit after tax of 217.93億元, and EPS of 7.77元, up 89.05% from the second quarter and up 87.23% year-on-year. For the first three quarters, consolidated revenue totaled 1361.56億元, gross profit was 490.76億元, operating profit was 432.90億元, pre-tax profit was 540.90億元, net profit attributable to parent-company owners was 410.00億元, and EPS was 14.61元.

Board Approves Four Purchase Deals, NT$10.7 Billion for Containers

Optimistic about medium- to long-term market development, Wan Hai's board on the 11th approved 4 new container procurement deals, totaling about 107.01億元 for over 109,200 containers. The purchases are: 45,800 containers from CHINA INTERNATIONAL MARINE CONTAINERS for US$144 million, about 47.45億元; 24,200 containers from Pan Ocean Container Supplies for US$6921萬元, about 22.71億元; 23,050 containers from Dong Fang International Container (Hong Kong) for US$65.02 million, about 21.34億元; and 17,000 containers from Singamas Management Services for US$4728萬元, about 15.51億元.

42 New Vessels to Be Delivered From 2027, Adding 475,000 TEU of Capacity

Wan Hai has already been actively expanding its fleet, planning to take delivery of 42 new vessels from 2027 to 2030, increasing total capacity by about 475,000 TEU from 2026. The 42 vessels include ten 6,000 TEU, twelve 8,700 TEU, one 9,200 TEU, seven 11,000 TEU, and twelve 16,000 TEU large vessels, which will further strengthen operations as they are delivered.

Energy-Efficient New Vessels Enter Service, Fleet Age Falls to 8.8 Years

Wan Hai said two 7,000 TEU and four 8,700 TEU energy-efficient new vessels have entered mid- to long-haul routes so far in 2026. With the new vessels joining, the fleet's average age has fallen to 8.8 years, below the global container fleet average of 14.1 years, and it will continue to renew vessels and optimize its fleet structure.

FAQ

How did Wan Hai perform in the third quarter?

Wan Hai posted third-quarter consolidated revenue of 596.15億元, net profit after tax of 217.93億元, and EPS of 7.77元, up 89.05% from the second quarter and up 87.23% year-on-year. Cumulative EPS for the first three quarters was 14.61元.

Why is Wan Hai making such a large container purchase?

Optimistic about medium- to long-term market development, Wan Hai's board approved 4 new container procurement deals totaling about 107.01億元 for over 109,200 containers, to match capacity growth from incoming new vessels.

What are Wan Hai's future fleet plans?

Wan Hai plans to take delivery of 42 new vessels from 2027 to 2030, adding about 475,000 TEU of capacity, covering vessel types from 6,000 TEU to 16,000 TEU. Six energy-efficient new vessels have already entered mid- to long-haul routes in 2026, bringing the fleet's average age down to 8.8 years.