Evergreen Marine Corporation reported significantly lower earnings for the first half of 2026, with both operating and net profit falling by more than a third.
The Taiwanese container carrier generated revenue of TWD 191.7 billion (US$6.02 billion) during the January-June period. Revenue declined 2.4% year-on-year in local-currency terms.
Operating profit fell 35.3% to TWD 28.3 billion (US$888 million), while net profit decreased 36.1% to TWD 25 billion (US$786 million).
Based on the converted US dollar figures, first-half revenue declined 11% from US$6.73 billion a year earlier. Operating profit dropped 41% from US$1.50 billion, while net profit also fell 41% from US$1.34 billion.
Evergreen’s operating margin consequently narrowed to 14.8% from 22.3% in the first half of 2025.
Q2 shows improvement
Evergreen’s second-quarter performance was considerably stronger than its overall first-half results.
Revenue stood at US$3.31 billion, slightly below the US$3.42 billion recorded in the second quarter of 2025.
However, operating profit reached US$609 million, broadly in line with US$615 million a year earlier. Net profit increased to US$514 million from US$504 million.
The operating margin improved to 18.4% from 16.7% in the second quarter of 2025.
The figures indicate that most of Evergreen’s year-on-year earnings deterioration occurred during the first quarter, while profitability recovered significantly in Q2.
