Wan Hai nearly doubles net profit in H1 2026

Wan Hai Lines reported a sharp increase in net profit for the first half of 2026, despite weaker operating earnings.

The Taiwanese container carrier generated revenue of TWD 76.5 billion (US$2.4 billion) during the January-June period, up 4% year-on-year in Taiwan dollar terms.

Operating profit reached TWD 17 billion (US$532 million), representing a 5% decline compared with the same period last year.

However, Wan Hai’s net profit nearly doubled to TWD 19.2 billion (US$603 million) in the first half of 2026.

Based on the US dollar figures provided, revenue stood at US$2.4 billion compared with US$2.46 billion a year earlier. Operating profit declined from US$613 million to US$532 million, while net profit jumped 79% from US$336 million to US$603 million.

The company recorded an operating margin of 22.2% for the first half, compared with 24.9% in the corresponding period of 2025.

Q2 profit surges

Wan Hai also delivered stronger profitability in the second quarter.

Revenue reached approximately US$1.35 billion, broadly in line with US$1.35 billion in the second quarter of 2025.

Operating profit increased to US$350 million from US$335 million, while net profit surged to US$363 million from US$73 million a year earlier.

The operating margin improved to 26% in Q2 2026 from 24.9% in the same quarter last year.

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